Who writes this Junk. Germany dumping Euros is like Turbo Timmy getting out of U.S. Dollar. This kind of fear is what causes runs on banks.
RE: Who writes this Junk
Would you believe it is a report from Switzerland’s largest bank? (Do they have an agenda?)
RE: Germany dumping Euros is like Turbo Timmy getting out of U.S. Dollar.
With one major exception -— Germany is increasingly being asked to carry the burden of the many insolvent European countries and their citizens are getting sick of it ( Angela Merkel’s party just lost a big regional election with the EURO as a major issue ).
Imagine the Citizens of Texas being asked to bail out the bankrupt states of New York, California, Illinois, New Jersey and Michigan simultaneously and you begin to understand how the Germans are feeling today.
“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.