Posted on 10/26/2011 11:17:46 AM PDT by little jeremiah
I own a tool and die business, back in the early and mid 80’s we were able to afford 4 nice Maho machining centers made in Germany, some of the best mills ever made. A few years later we had to go Japanese and bought Kitamura because the Maho’s had gone astronomical in price.
Thanks, that’s helpful.
This is GREAT news. I still have several thousand Francs. I hope the French do the same so I can more easily unload this crap.
Thank you for your comments.
Someone smarter than me help me...would this help or hurt Soros if they moved to Mark?
The unified Euro zone is terrible and whatever it takes to bring it down will in the grand scheme of things be good.
Same thing here; whatever it takes to bring down the commie/muzzie/cartel enabling soft coup here will in the end be a good thing.
But my tagline will apply.
Ask others - I only posted the article so I could find out the import!
Just saw this article, haven’t watched the video yet, may be relevant:
http://www.freerepublic.com/focus/f-news/2798293/posts
Breaking...There Will Be No Orderly Euro Breakup (video)
NC Renegade ^ | Oct 22, 2011 | NC renegade
Posted on Wednesday, October 26, 2011 12:06:26 PM by David DeGerolamo
Angela Merkel is warning the members of the Eurozone that the dogs of war are a distinct probability unless the economic crisis is solved. Another option is the breakup of the European Union as shown on the following video from Reuters:
The discussions currently underway in Europe and in the media would not have had any credibility just a few short months ago. Based on the breakdown of negotiations with Italy and Greece along with the spike in gold prices, the consequences of irresponsible fiscal policies are becoming a reality that must be addressed.
David DeGerolamo
If this were true it would be a lot bigger news than a simple thread on FR.
Buy the EUO. It’s an ETF that is long the dollar, short the Euro. It’s a 2x fund, meaning that if the Euro goes up or wobbles EUO will drop, but if the Euro plunges, EUO will rise twice as fast. With current volatility, if the Euro is flat but volatile, you could lose 15-25% in 12 months.
I would think, but then...it’s the American news media we’re talking about. I often feel as though whole chunks of the opposite side of the planet could drift off into space without so much as a mention in between the domestic political coverage and entertainment news.
FWI FWIW
Weimer Republic #2
I just saw this headline:
“Dow up 162 on report China will aid Europe.”
I don’t know what to think.
If Europe and the US stop buying Chinese made crap, China will explode into revolution from the unemployed, they’re already spending more on “domestic security” than the regular military. Because China will have no $ coming in if the US and Europe can’t buy their crap any more. Everyone has their hands around everyone elses’ throats.
Hmm just got pulled, says “False attribution”.
Or is it just the mood I'm in? ;)
Debt Deflation almost always results in Sovereign Defaults. And, most banks are history by then.
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