| |
  
|
||||||||||
Euro Thoughts?
Submitted by speakthetruth on Wed, 02/27/2008 - 15:39
I got word from an insider (he had his wedding at Soros' estate)that he is shorting the Euro. I didn't get a chance to ask him why, but does anyone have a theory on why shorting the Euro would be a good idea? It seems to go against everything that is happening. Thoughts? » |
|
|||||||||
The Daily Paul is a community website with no official affiliation with Ron Paul or his Presidential Committee. The content of posts and comments on the Daily Paul represent the opinions of the original poster, and are not endorsed, approved, or otherwise representative of the opinions of the Daily Paul, its owner, site moderators or Ron Paul. This site may contain adult language and adult concepts. If you are offended by such content, or feel you may be offended by such content, point your browser to a different site IMMEDIATELY. For more, read the Full Disclaimer
© 2007 - 2011 by The Daily Paul. Not paid for by, nor officially affiliated in any way with Ron Paul. | General Site Disclaimer | DMCA Disclaimer | Advertise here
Shorting the Euro...
... is going long the US dollar.
Looking at a weak US currency reflected in the high dollar cost of oil, gasoline, corn, soybeans, wheat, sugar, Euros, Swiss Francs, Canadian Dollars, Australian Dollars, etc... why would one suddenly think that the dollar was going to strengthen against the Euro, or anything else for that matter?
While I agree that the Euro is just another fiat currency, the EU doesn't have the same artificially low interests rates, collective debt, deficits, or unknown subprime exposure that we find in the US. I see the economy of the EU (and their currency) as fundamentally stronger than the United States. There are reasons for shorting the Euro, including locking in Euro prices like one would hedge many other transactions, but I'm not suddenly bullish on the US dollar.
Ask me again at US $2.00 to buy one Euro.
Be free!
European Fiat or American Fiat, they are all the same and have the same value. Paper!!! Buy food, and cut you expenses, move in with relatives and friends. Save your A... Then worry about carrying over wealth, if you happen to have any. Little good it will serve you if no one will accept it at first, but eventually things will probably cool down and you will be in a good situation. But first get yourself out of slavery. Stop taking credit, this includes car loans, house loans, credit cards, any type of credit, don't be stupid. Work for yourself and your family and friends they are your true support network, not some banking institution.
grant
Grow your food!
The ultimate weapon of the revolution: the garden trowel!
Truth exists, and it deserves to be cherished.
what time frame?
I don't see any great inherent value in the Euro that makes it sounder than the pound now. I do hope it stays strong until we get paid on our invoice! (we convert to USD)
All Right....if we assume (as most of us do by now)
That the devaluation of USD is purposeful in that they wish to tank the puppy and usher in an Amero like currency, then it would logically be best to have the Canadian dollar, US dollar and Peso as close to parity as possible. If the Euro is going to implode would not the thing to pick up be Peso's???????? They need to come up relative to USD/CD for the plan to have an NAU go smoothly. Opinions please
OK, wierd
I have this friend, who seems to be nothing but a good ol' hillbillly boy with some wild tales. They just have a funny way of turning out to be true. Just today, he told me the euro is about to implode. Too funny, the sources are so opposite but the message essentially the same.
Truth exists, and it deserves to be cherished.
The Fed doesn't have a monopoly on inflation
The ECB (Euro Central Bank) is not as unified as the FED on matters of monetary policy. Spain and France and Italy are all ready and eager to try inflating their way out of economic hard times, just like the Fed. But Germany is hanging tough. The whole European Union could come apart over this, and individual national currencies could return -- what do you figure a Euro would be worth then? Euros, like dollars, are backed by NOTHING. Shorting Euros in favor of dollars seems quite risky to me (who wants to bet on who can out-inflate whom?); shorting Euros in favor of precious metals makes a little more sense.
Recommended reading: The Most Dangerous Superstition, http://www.larkenrose.com/store/34-books/2019-the-most-dange...
Isn't the Euro 20 or 30% backed by gold?
Isn't the Euro 20 or 30% backed by gold?
They said that at the beginning, yes.
Turns out it isn't...lol
~Live life to its fullest, with an open heart, open arms and most important... an open mind~