Euro safe now

Dear All,

well if the Euro is safe now....................

U.S. Federal Reserve
Agrees to Bail Out Europe
WITH YOUR MONEY!

NEWS FLASH: Bernanke just agreed to create UNLIMITED numbers of unbacked dollars out of thin air to bail out European debtor nations!

.................thanks to the US and not Germany after all, but what of the £...........

I suppose our shrewd young friend Techno with his fat Euro salary and bank account will be alright, but what about Bobaol and the rest of us dependent on the £, he will have to return and we will have to join the americans and stay home with our 60 cent £'s.

All is lost or is it??????????

Regards

Norman

I'm personally glad I don't hold any euro assets, except for a bit of cash in my current account.  I've been moving all my euros into Sterling over the last few months because I think the euro is finished.  The EU bailout is simply putting off the inevitable for a year or two.  Greece will default and probably leave the Euro.  Who knows about Spain...

Dear All,

It had been suggested that Germany itself would bail out rather then keep pledging endless support to the PIGS.

so what chance of Greece buckling down????????????

who knows indeed??????????

Regards

Norman

Dear All,

what do the pundits think?

"Oh, and now that the sovereign debt crisis has been temporarily tamped down in continental Europe, what do you think is going to happen next?

I'll tell you what ...

Investors are going to start searching for the next major victim. I believe they're going to focus their ire on two of the biggest debt and deficit offenders on the planet — the U.K. and the U.S."

they think that the bail out is only a temporary fix and that the euro is effectively to decline and finish, but will it happen before the £ is hit???????

when should I buy my few holiday euros???????

Regards

Norman

Spanish stock market down 6.64% today.  Ouch!

There is a lot of speculative interference going on. These fiscal saboteurs deliberately spread rumours and place their bets. I despise Angela Merkel (Germany) but she is right when she says there needs to be a defensive ring placed around currencies. What economy needs to be subject to the rules of the casino? I am hardly alone in seeing conspiracy behind the collapse of world markets.

The truth isn't always popular but when her predecessor, Adolf Hitler, separated the German economy from the international banksters, Germany, one of Europe's most impoverished countries, was ranked second only to the U.S. in manufacturing output and wealth within four years. They were actually bribing the retired - and expats to return to work. And no, it wasn't for the production of arms. I wish more people would study history - objectively.

We know what happened when Sadam Hussein indicated he was going to switch from selling his country's minerals from the petro-dollar. We're all caught up in this vile vortex.

An excerpt from a media article I penned:

I've got to agree with you Mike, I've always said that it is gambling & nothing else. All stocks,shares, bonds, currency are just tools for these so-called ' traders'.

Dear All,

well we can't bring back Hitler, can we??

but we are told that Germany did not give in until France threatened to pull out of the Euro.

the "sillies" on here often describe us as speculators because we sought to "invest" in a holiday home.

perhaps we need concentration camps for speculators???????

or just simply rob them

my daughter tells me that it is lovely at La Quinta at the moment but not very busy except the golf course, here it is improving and expected to warm up next week.

but for the moment I am keeping my holiday money this year in £'s

Regards

Norman

Dear All,

just a response to the short selling ban................

"Doug: Well, these idiots can say whatever they want, but they really have only two choices; they either default and their currency units might maintain some integrity, or they can print up more currency units, which will destroy their currency. I think that's what's most likely to happen. That's why I keep saying that the euro is a total dead duck – it doesn't have a prayer of surviving."

Can governments actually do much, or perhaps do they actually intend to..............

Wasn't it impressive after all the warnings of savage cuts for me, they knocked a whole enormous 5% off their basic salaries, amazing, really savage don't you think???????

Regards

Norman

Isn't it really 3% given they'd given themselves a prior 2% increase ..........

I think 5% will just be a start, until the PP get back in power in 2 years time.  That's hopefully when the savage cuts will come.