Euro-merge Marks End of Era [ Euro Madness Experiment will Fail ]

Sacramento Bee ^ | 12/30/2001 | George F. Wlll

[nopardons]

You could say, since 1066 ; but I think that it's actually earlier than that. LOL

[Jack Black]

Well at least it is being done in a way that makes debate possible. Here we are moving towards a "Euro for the Americas" under the cover of darkness.

We have creeping "dollarization" where entire foreign governments stop printing money and start using dollars. I'm not sure how the Fed is supposed to deal with that. Do they increase the money supply to cover Ecuadors needs too? Clinton supported this policy. Indeed there were some articles posted that were from a person living there who claimed they were flying planes full of cash down to help pull of the switch.

Haven't heard much about it since then. And even the Argentina debacle in part revolved around the dollar-as-currency, though this was accomplished through strict convertibilty - as the Bahamas does.

[kampeska]

This will succeed. Each state in the U.S. having its own currency and rate of exchange would be cumbersome and unproductive. European productivity will be enhanced and there will be a premium for a common currency. This premium will be like a dividend for for all of Europe. It should on its own stimulate economic activity. and make the people holding the currency wealthier.

[Jack Black]

So are you buying? Better check this first. Didn't the Euro debut at $1.20 and is now selling at $.89. I think so.

chart of Euro vs. Dollar over last few months

[malarski]

The common currency serves the political objective of changing Europe's civic discourse by supplanting political reasoning with economic calculation. The euro is an instrument for producing a European superstate, which requires erasing from the nations' populations their national identities, which means their distinctive memories.

Wishful thinking on part of George F. Will. History shows that national identities are hard to erase. Former Yugoslavia comes to mind, where various nationalities lived under a totalitarian system without a war and without losing their national identity. Breakup of Yugoslavia clearly "showed" how these national identities are embedded in people's conscience.

The main reason that Will is against the EU, is that this superstate will be in competition with us and maybe our globalists will not have as much control on the European countries, as they have right now.

[ex-Texan]

When I first read your comments I almost dropped my beer! LOL LOL LOL !

"Ze drem of an united urop vil finali kum tru!"

I read The Rise and Fall of the Third Reich before the 2000 election because I had learned that it was one of Bubba Clinton's favorite books. I told many of my friends that Clinton-Gore's "New Democrats" were modeled after Germany's National Socialists .... Caused me to suffer more than a few negative retorts by life long Democrats that did not understand Clinton's 'cult of personality' had led them down the road toward blind obedience.

I will watch the Euro as it slowly implodes, causing chaos and pain along the way.

[Lloyd227]

"...If the Euro fails, they'll just keep on using dollars. US money is the world's default currency anyway."

I hope you're right. Because if the Euro succeeds, all those US Dollars currently being used as "the world's default currency" will make their way home. The US economy could use a little stimulus, but not THAT much!

I'm a little concerned that should the Euro really become the accepted currency of all 12 of these nations, we're going to have way too many dollars floating around the US economy.

and I'm a bit more concerned that almost no one else seems to be talking about this part of the story.

[dennybabyboy-fitzy]

Yea, I think your right. It started against the romans, then the Saxons, Angles, Jutes, then the Vikings, Normans, then a brief period of a united european front during the christian crusades, then the French, Spanish, French again, Spanish and French again, the portuguese here and there, the French again, Prussians, Russians, French again, and again along with a bit of a crisis with the spaniards, You Americans only wish you could have fought the French as much as we have, reading the history books, it seems to have been good fun.

Well now there all together in one cozy little europe, cuddling and comforting one another, patting each other on the back, we should strike now and cut them all down for good.

[PatrickHenry]

I'm a little concerned that should the Euro really become the accepted currency of all 12 of these nations, we're going to have way too many dollars floating around the US economy.

I suspect this isn't much of a problem. Dollars owned by foreigners are in the banking system, often kept in New York banks. For example, I've read that payments to the Saudis for their oil are paid by our oil companies to Saudi accounts in New York, so all those billions just stay here, much of the time. The only problem is with dollars that exist, but aren't circulating, such as suitcase money used in the drug trade. If that ever gets totally laundered and enters the legitimate system, there could be a flood of it. But then again, perhaps most of that is in foreign banks -- which in turn maintain large deposits in New York banks too. In other words, don't worry. The money is already here, one way or another.

[Lloyd227]

Thanks for the reassurance. I hope you're right, but I still got a bad feeling about this one.

Cheers

[Paulus Invictus]

Hey, I'm just an American small businessman who tried in vain to do a little business in EU. Guess what? To my amazement and chagrin, the EU Paliament passed a law that prohibits my products in all of ther member states "until we have had the opportunity to study your products in detail and that will take at least five years'." It makes no difference to them that my products have been in use safely for 2000 years, they want the power.

If this is a small indication of how it will be to do business with those burocratic socialists, they are cooked and the Euro is toast.!

[dennybabyboy-fitzy]

welcome to the land of the loons that is europe, you know they have banned bananas that don't have the right curve from being sold at the grocers, lbs and ozs are no longer allowed to be used in the UK. Their was a grocer in Sunderland who was taken to court by EU trading officials for showing his prices in per lb and oz. Little did it matter that every single customer of his used lbs and ozs to buy their fruit and veg, and there was a big protest when the police actually turned up to arrest him for going against the EU rules, public opinion means nowt to the power hungry, fantasy land commissioners of the EU. The only good thing for them would be a good ol' SS firing squad death. Oops! shouldn't of said that, I might get the men in black coats come and see me when I get back to the UK, so they can brainwash me with there EU propaganda shite!

[malarski]

Zis iz nise.

[malarski]

ekselent bump

[malarski]

ekselent bump