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To: FreedomProtector
the Euro already exists to contradict your statement.

It's already coming apart at the seams. The Yurps will be the ones who tried it and found out The Hard Way why a single currency across economies with different growth rates does nothing but cause trouble.

If you really don't understand why this is so, and think that it's simply a "choice" politicians can make with no consequence, you need to get smarter about monetary economics. In Yurp it is today possible for the Yurpeen Central Bank to create the conditions where Germany experiences runaway inflation while Italy is suffering a deflation, all because they're both trying to work out of the same currency base. There's no way to keep the wheels on a thing like that.


85 posted on 09/25/2009 3:04:25 PM PDT by Nick Danger (Free cheese is found only in mousetraps)
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To: Nick Danger

Being that you and your trench coat dude are so much more educated than everybody else on this subject. Why don’t you kindly explain to us what will happen in American politics when the dollar bottoms and FDIC is uber technically bankrupt?

I see this scene as all of our smaller banks buying each other up to ease the strain on the FDIC until we have but maybe a handful of solvent banks.

Then back to geo politics...The world bank is perfectly ready to take on one global currency whether anyone likes it or not.


86 posted on 09/25/2009 3:17:20 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Nick Danger

87 posted on 09/25/2009 3:24:47 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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