To: Michael81Dus
Going to worth less when all is done. The Europeans have been artificially pegging the Euro much higher than it should be.
When free market forces and governments abandoning the Euro for their traditional currencies begins to effect the market, watch out.
7 posted on
06/24/2005 3:03:33 AM PDT by
Jimmy Valentine
(DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
To: Jimmy Valentine
I think that when it is all over and done with their will be only 10 countries in the EU and these countries will use the Euro. All other countries will go back to their previous currencies.
8 posted on
06/24/2005 3:05:40 AM PDT by
Paulus
To: Jimmy Valentine
Actually, the concept of the euro was that it would be 1:1 with the dollar and then be allowed to float with other hard currencies. Therefore, the $ is still down 20% and as long as the US has major deficit spending the euro will continue to beat the dollar.
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