| The Piss-ant "State" and the (Formally) Mighty EU 04-28-12 mpg Why The Euro Is So Strong, Or Why The Market Expects $700bn Of Fed QE3 Special Note - Multiple Charts - (click to enlarge) Tyler Durden tries to answer (and he seems to be the only one this website editor has seen so far) a VERY IMPORTANT question. -- Why is the Euro so ridiculously high relative to the USD??? It should be understood the over-valued Euro has been slowly destroying the "peripheral" states of the EU for the last two years and after they're destroyed, the "core" might very well be next. The EU's peripheral states have a serious problem, they're locked into the Euro, and it doesn't appear that it's going to go down relative to the USD....EVER! They can't inflate their national economies through monetary means because the individual nation states don't control their own currencies, therefore they're left with the only other alternative, fiscal means. A fruitless, self-destructive policy of ever increasing "austerity" measures that are causing their economies to crater, along with their worker's earnings, business incomes and government tax revenues, driving up their entire over-all national (private, corporate, and government) debt loads to stratospheric levels. Meanwhile their bond markets are subject to ever increasing attacks by mostly US-NRE and British Banksters using endless supplies of derivatives created out of thin air (they've added another 150 trillion in the last two years alone) driving up their bond market interest rates, which is only adding to their ever increasing deficits. Nobody's that stupid, no one could possibly be this incompetent, this whole thing appears to be part of a deliberate (and highly profitable) policy of economic-currency warfare against the EU, and there is only one so-called "state" and its two colonial Bankster capitols that would benefit most from such a massively destructive policy. That would be the "state" of Israel, and its capitals of Wall Street and London. Why an economic union of over five hundred million people would allow a tiny, little, vicious, nasty, piss-ant, criminal enterprise of barely seven million people, along with its two English speaking colonies, to utterly destroy Europe's attempt to create a viable economic union will no doubt forever remain a deep mystery to historians of the future. And an utter life-destroying tragedy for the people of the EU. - mpg Other related essays you might enjoy.... The Sixth Law of War Time Currency Expansion Trumps the Fifth Law - 04-01-12 - mpg Attack of the Killer ZOG-Banksters - 12-16-11 - mpg The End-Stage Process of Mature Fiat-Currency-Capitalism - 11-30-11 - mpg A Quadruple Whammy - 12-16-10 - mpg Sarkozy's and the Anglo-Banksters' Kabuki Play ~ 02-19-12 - mpg Israel is NOT a "Nation-State", Nor Does It Plan To Be One - 01-13-12 - mpg |