The guy is a buffoon but unfortunately not a harmless one. Sadly some will believe him and be convinced that the elites will devise some strategy or there will be some savior to rescue the Euro. There won’t be.
The problems of excessive debt and central bankers debasing their currency affects Europe today, Japan tommorrow and the US the day after. These days are probably measured in years but this is the order that these economies will detonate in.
All the financial gimmickry imaginable will never recover the lost capital that two generations of profligate deficit spending squandered.Mr. Noyer’s rhetoric will “fix” nothing. Those monumental debts are not sustainable.Unfortunately the deficit spending continues and the debts increase both in Europe and the US. Western economies are weakening. The strength of the economy correlates with the value of the currency. Long term it does not look good for the euro and eventually the dollar.
The solution lies in getting the US economy rolling again and that is just NOT on the presidents agenda.
If the American economy was rolling, so would the global economy and many problems would be solved. Its funny how debt is easily covered if there is income.
Unfortunately, the Anti America president is striving to take America down and in doing so, he is taking many others.
There is the “invest where blood is in the streets” strategy.
Life can’t continue when things get too bad, so that is when things get better.