“Germany dumping Euros is like Turbo Timmy getting out of U.S. Dollar.”
Actually, it’s not. Germany had the DM long ago and can go back. We’ve pretty much always had the dollar. Germany is a sovereign nation, last I checked.
If the US used Ameros and changed back to the dollar it would be analogous.
As long as the Euro exist it can’t be unwound. How do you determine which Euro are better than others.
PSSST... for all you speculators out there... how would you like to make at least 50% off your investment in two years?
If you believe that Greece will be bailed out to save the Euro no matter what, then BUY TWO YEAR GREEK SOVEREIGN BONDS. They mature in 2 years, you get your money back then ( if Greece does not default and the ret of Europe saves them ) and it is now yielding NORTH of 50% !!
See here :
http://www.businessinsider.com/greek-2-year-debt-50-2011-9
Of course if the rest of Europe tells Greece to take a hike, your money is GONE !