[Grampa Dave]

Merry Christmas!

Two very important points about the overvalued Euro are sort of hidden in this article:

1. American policymakers should now proceed on the long-term assumption that a European superstate, with a common foreign and military policy, is not going to emerge. The collapse of the constitution conference and talk of a "two-tier" EU means unity has been abandoned. The joint decision of the French and German governments to destroy the stability pact that underpins the common currency must, in the end, mean the destruction of the euro as well.

The Germans are feeling the pain of a stagnant economy, an overvalued euro, actual recession in many sectors and a dramatic collapse in East German property values. A number of German banks are technically insolvent, and it's becoming increasingly difficult to borrow the money necessary to keep German industry up to date. Given these circumstances, Germany's funding of the EU makes no sense to the German taxpayers or to the politicians who represent them. Now that Germany has blatantly broken the rules over the stability pact, what is to prevent it from reneging on EU payments? Nothing.

2. The Euro is way over valued with the socialist countries like France And Germany playing games with what is supposedly allowed re debt. Soros is probably still propping/pumping it up.

That will bring down the Euro house of shaky cards will be the upcoming regime change in Iran. Soros got the Murdering Mullahs to drop the dollar and the payment medium for its oil. Iran will revert to the $ within thirty days after a regime change happens in Iran.

Then the Euro will collapse.

[Jumper]

Cheers to President Bush who had the foresight and political will to devalue the US Dollar as an instrument of US Economic and Political policy against those in the WTO (opps, met France and Germany) who politically ran election campaigns in 2002 (along with South Korea) that focued on disparging the US and President Bush personally. Imports have been hurt from Europe and Exports on the rise, however, in the EUrozone prices do not drop to reflect competition or new sources of competing products - therefore the overvaluation of the EUro currency. Forcing a political change in EUrope is possible thorugh the very economic and political policy implemented by President Bush against Schroeder and Chiraq!

[longtermmemmory]

Does soros have a "business" we could avoid? Basically watever he touches is a business to be avoided.

On a lighter note, which countries would like to become states of the USA?

[SierraWasp]

You just caused me to look up one of the most prescient paragraphs in Baylint Vazsonyi's brilliant book "America's Thirty Years War." (Page 106):

"The context is one of irreconcilable differences between two views of the world. One view, the Anglo-American, holds that human ability to comprehend, adjudicate, and arrange the world around us is limited; that the only attainable goal is continuously to improve the conditions which enable individuals to achieve their personal best. The other view, predominantly Franco-Germanic, places human reason at the center of our existence, claiming that certain people are capable of comprehending, adjudication and arranging the world around us; and that such people are called upon to guide all others toward an increasingly perfect and just world in which all desires will have been either eliminated or satisfied."

I highly recommend this book to all FReepers by the recently deceased LEGAL IMMIGRANT and great American!!!