The Euro is toast - go long USD.
What happens then, and how does it impact the global economy; how does the collapse of the Euro impact new economies like India or China?
What will become of America and its Dollar, if the worst case scenario occurs in Europe??
Thanks.
Looks like the Germans are going to end up owning Europe after all.
It is fashionable to believe the incident at Three Mile was a catastrophe when it was actually an example of engineering success. The safety systems worked as designed.
Perhaps the Greece problem is similar. The safety systems are clicking into action to contain the problem. The system is being tested.
marker
We are seeing the beginning of the conditions that will bring about world war III. The 20th century began in similar fashion. The oligarchies will try to focus the attention of their populations outwards from the internal disasters they are creating. That is how wars start.
I doubt the average Euro rube semi-sophisticate gives a darn, so weaned on nihilism and Marxist leaning self-hate ritual that the collapse of the EU will happen as quick as the plot of the novel “The Camp of the Saints.”
There were always two Euro camps. The original group wanted a United Europe capable of achieving the prosperity of the U.S., and capable of standing up to the CCCP.
Fast on its heels was a 2nd group who wanted an EU that could rival and stand up to the U.S.
Both groups agreed on the Euro as a currency; one group wanted a NATO-led military, and the other group wanted an EU-led military.
A collapse of the Euro, and by extension, the EU, simply returns Europe to 1990. Individual soveriegn states. Individual currencies. NATO-led military.
Looking at Russia's 1998 default of all of their sovereign debt...one can't help but think of debt defaults as trivial events. Yet if this particular default kills the Euro *currency* and European Union itself, then the U.S. and Russia will hardly see the event as catastrophic.