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Here are the three things that come out of this gimmick:

1. Parity of the Euro to the dollar will be one to one. Maybe even 1.2 Euro to the dollar within eighteen months. For a whole decade...it’d been mostly .76 Euro to the dollar and I can even remember getting down into the .63 range for a year or so. It meant they could buy plenty of US imports, but had a tough sale of getting their stuff bought by Americans. Most believe Bush had this strategy in place to help the US economy (weak dollar attracts purchases). Most everyone agrees...with one to one parity...business will pick up in Europe.

2. There is some belief that the new parity will attract foreign interest...foreign investment....and new customers. Some European companies might be purchased by US companies.

3. There’s this one odd thing at the end of this discussion....all this money that the EU Central Bank will spend...where does it come from? It’s basically invented, and you have to wonder if this brings up some massive bubble experience within five years.

But if you ever wanted a European vacation for a reasonable price...by 2016, it’ll be very possible that it’ll be 1.1 Euro to the dollar. In 1985, the German Mark rose to 3.4 to the dollar, and I traveled across Europe and spent money like crazy that year.

....”all this money that the EU Central Bank will spend...where does it come from? It’s basically invented, and you have to wonder if this brings up some massive bubble experience within five years”......

That’s been raised by more than a few. But they are certainly projecting much for what they anticipate down the road...

Passing Climate Warming measures is on the front burner now...and the UN and Europe are pvery much in the bag on that note....since it’s not going over here well..BO’s bypassing us and making changes necessary to get this done with the UN and others at the top of the Globalist heap.
This will take money out of every business and industry and then some.

There ae so many other places they’re funneling revenue ..insane really.

Most believe Bush had this strategy in place to help the US economy (weak dollar attracts purchases).

I lived in Germany when it went over to the Euro from the Deutschmark. Overnight, the ATM machines in my town spat our Euros instead of Marks. You had a certain amount of time to turn in the Marks in your possession, and then they became souvenirs.

Big parties and celebrations all over Europe when it happened. At that time, as you point out, the exchange rate was such that a Euro would only buy about 80 cents (or so). I could turn in $200 USD and get back more Euros in cash. It also was no "economic elixir" for many in Europe. A beer that was $2 Marks suddenly, overnight, was now 2 Euros. A pair of jeans that was $30 Marks was now $30 Euros. And on and on. It was murder on many families.

Then the Euro started to go ballistic, and I thought (and posted here on FR) that it made absolutely no real economic sense. There were nations in the EU that were either fiscal basket cases, or, were on the edge of becoming debt black holes.

A few people here tried to sell on the "logic" of it, and I was unconvinced. I could tell there was manipulation going on, and I believe that continues to this day.