[definitelynotaliberal]

Perhaps I don’t know enough to appreciate Roubini’s bona fides, but I don’t understand how having made this prediction 6 years ago makes him a hero. I’m not a world class economist, but even I knew this was coming.

[SkyPilot]

I used to live in Germany. When the Euro first started coming out of the ATM machine, it was 82 cents to the dollar (or something like that).

A very few short years later, it was in the neighborhood of 1.50 or so to the dollar.

I stated here on the forum that it was all madness.

Most of the good folks here knew it too.

There were a few posters who told me I didn't understand currency exchange rates, and tried to used made up technical terms that translate to physics and engineering, but when applied to economics, they are laughable. "General Equilibrium." "Convergence." "Sterilized Intervention."

Economics is not a hard science.

The Euro was all politics based on secular humanistic one world utopia.

We will have a one world currency someday, perhaps sooner than later. And it will be the Antichrist who controls it.

[Dubya-M-DeesWent2SyriaStupid!]

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