When will the EURO collapse because of the debt crisis? (23)
marbleshard: I am concerned that in a near future also Germany may face bankruptcy, in that case there will be no bailout possible. There is a risk that this event will spark a civil war or even a world war. The same applies for the US.
it has already ollapsed
that's life..empires come and go..they go when the ego of its subjects over inflates, then goes with a banG
------ This poll is Archived ------
marbleshard: I am concerned that in a near future also Germany may face bankruptcy, in that case there will be no bailout possible. There is a risk that this event will spark a civil war or even a world war. The same applies for the US.
dont worry..u can find a job in asia
------ This poll is Archived ------
well the swedish gent, suggested a solution..kick out all asians and minorities, who as he he said..are illiterate
------ This poll is Archived ------
marbleshard: I am concerned that in a near future also Germany may face bankruptcy, in that case there will be no bailout possible. There is a risk that this event will spark a civil war or even a world war. The same applies for the US.
Do you know how much Germany hets from the Euro? Do you know how much money you would loose in exports if you went back to the deutschmark? The deutschmark would be worth at least 30% more than the Euro and that would kill your export industry. And your government knows this and thats why they are fighting to keep it.
As an Irish man I would love to see it go. The Euro is doing Ireland no good. It was the ECB that told the Irish goverment not to let any banks fail and thus cost the Irish Tax payer about 80 billion. And when we then say we stopped a domino effect of banks collapsing in Europe by bailing out our banks and paying their debts to GERMAN and French banks we get no thanks at all. We just get more debt lumped on us by Germany and France.
But after WWII the world forgave Germany its debts but for some reason now the German people dont like to remember those times. They like to think of that Germany as a different country!
I hope the Euro fails and fails soon!
------ This poll is Archived ------
cloud747: it has already ollapsed
that's life..empires come and go..they go when the ego of its subjects over inflates, then goes with a banG
that's life..empires come and go..they go when the ego of its subjects over inflates, then goes with a banG
No, it has not collapsed yet. Bix Weir (<http://www.roadtoroota.com>) stuck his neck out to estimate that silver will be worth $34,000/oz this coming December and that gold will be worth $17,700/oz then too, but it is anyone's guess as to if he is correct or not. The same article is on Silver Doctors. com too, but no estimate as to when we can expect this to happen. Silver Doctors.com is at
Regarding the discrepancy in values between gold and silver, allow me to explain that silver has properties for manufacturing that gold doesn't have. Thus, the larger value for silver than for gold because there is only so much silver on earth.
The best advice I can give anyone reading this is to buy silver. It's reasonably priced right now. And because of its reasonable price, it is not being counterfeited.
------ This poll is Archived ------
Leanybean: No, it has not collapsed yet. Bix Weir (<http://www.roadtoroota.com>) stuck his neck out to estimate that silver will be worth $34,000/oz this coming December and that gold will be worth $17,700/oz then too, but it is anyone's guess as to if he is correct or not. The same article is on Silver Doctors. com too, but no estimate as to when we can expect this to happen. Silver Doctors.com is at
Regarding the discrepancy in values between gold and silver, allow me to explain that silver has properties for manufacturing that gold doesn't have. Thus, the larger value for silver than for gold because there is only so much silver on earth.
The best advice I can give anyone reading this is to buy silver. It's reasonably priced right now. And because of its reasonable price, it is not being counterfeited.
Regarding the discrepancy in values between gold and silver, allow me to explain that silver has properties for manufacturing that gold doesn't have. Thus, the larger value for silver than for gold because there is only so much silver on earth.
The best advice I can give anyone reading this is to buy silver. It's reasonably priced right now. And because of its reasonable price, it is not being counterfeited.
Oh bum, I've got a load of gold dust coming from Col. Gaddafi's daughter according the mail I got from her yesterday, trust me to going into the wrong thing again.
On the Euro, I would have the most likely scenario would be for the some countries to drop out & leave the stronger ones still using it but I'm no expert on such things.
------ This poll is Archived ------
I think that Europe has 2 to 5 years. But when you see the EU countries trying to escape the EU....you know is close. Why?
Because the EU is the one assigning the debt to them. The thinking will be ...leave the EU and leave the debt. A legal mechanism or legal fire wall so to speak.
You saw the heated debate in Greece on the issue...and just
barely did Greece decide to stay. Well when the first one does leave.....watch for others to use the same tactic.
The reason as each leaves...the others have to pick up the debt share of the one that left. First one out wins. Last one out loses.....
jmo.
Because the EU is the one assigning the debt to them. The thinking will be ...leave the EU and leave the debt. A legal mechanism or legal fire wall so to speak.
You saw the heated debate in Greece on the issue...and just
barely did Greece decide to stay. Well when the first one does leave.....watch for others to use the same tactic.
The reason as each leaves...the others have to pick up the debt share of the one that left. First one out wins. Last one out loses.....
jmo.
------ This poll is Archived ------
marbleshard: I am concerned that in a near future also Germany may face bankruptcy, in that case there will be no bailout possible. There is a risk that this event will spark a civil war or even a world war. The same applies for the US.
Not sure I understand why there would be a world war, perhaps you can explain. I assume by civil war you mean your average German in the street turning against their power hungry government and its greedy supporters.
Most of my friends and colleagues in Europe will be shouting for joy and celebrating next year when the Euro finally collapses.
The only country that has benefited from the Euro is Germany, "you reap what you sow" comes to mind.
------ This poll is Archived ------
Ottawa, October 17, 2012—The euro will likely survive, but Canada should not offer any special financial support to the eurozone and it should stay out of the detailed discussions on how to resolve the European financial crisis.
The Conference Board of Canada argues that Canada’s best contribution to the eurozone would be to conclude a free trade deal with the European Union.
“Canada can best contribute to an economic recovery by completing the free trade negotiations with the EU, thereby boosting growth potential on both sides of the Atlantic. The eurozone needs growth if it is to recover, but there is not yet any apparent, well-defined growth strategy. A Canada-EU free-trade agreement would be a leading element of such a growth strategy for the eurozone,” said Glen Hodgson, Senior Vice President and Chief Economist, and author of The Endgame for the Euro: Fresh Insights, but the Options Remain the Same.
Canada’s positions on the eurozone crisis – no financial support and a free trade agreement – comprise two of 10 points in the briefing. The briefing argues that the euro will survive more or less intact, and will not fragment into multiple currencies. But the resolution will take time and be very painful and costly.
In June, the Conference Board published an initial briefing The Endgame for the Euro: Three Unattractive Options. Option 1 was to muddle through the crisis in a reactive, step-by-step process—as has occurred for the past two and a half years. The muddle-through approach continues to be the default option, and appears more likely now to continue than it did during the summer.
Option 2 was for Greece to leave the euro. Since there is no mechanism in place to push Greece (or another heavily-indebted eurozone member) out of the eurozone, the likelihood of this option appears to be diminished. However, it is very likely that Greece will eventually require significant debt reduction relief from its eurozone partners – and will be shut out of financial markets for years. Greece could also still choose to default on its public debt, leave the eurozone, and restore its own currency at a sharply devalued level to try to improve its competitiveness.
Option 3 was for Germany to leave the eurozone and restore its own strong currency, perhaps with a few other fiscally solid countries, such as the Netherlands, Finland, and Austria. But despite the high and rising costs of bail-outs, Germany’s deep political commitment to remaining an anchor member of the eurozone has not wavered. The Conference Board gave this option only a five per cent probably earlier this year, and it is even less likely now.
The Conference Board of Canada argues that Canada’s best contribution to the eurozone would be to conclude a free trade deal with the European Union.
“Canada can best contribute to an economic recovery by completing the free trade negotiations with the EU, thereby boosting growth potential on both sides of the Atlantic. The eurozone needs growth if it is to recover, but there is not yet any apparent, well-defined growth strategy. A Canada-EU free-trade agreement would be a leading element of such a growth strategy for the eurozone,” said Glen Hodgson, Senior Vice President and Chief Economist, and author of The Endgame for the Euro: Fresh Insights, but the Options Remain the Same.
Canada’s positions on the eurozone crisis – no financial support and a free trade agreement – comprise two of 10 points in the briefing. The briefing argues that the euro will survive more or less intact, and will not fragment into multiple currencies. But the resolution will take time and be very painful and costly.
In June, the Conference Board published an initial briefing The Endgame for the Euro: Three Unattractive Options. Option 1 was to muddle through the crisis in a reactive, step-by-step process—as has occurred for the past two and a half years. The muddle-through approach continues to be the default option, and appears more likely now to continue than it did during the summer.
Option 2 was for Greece to leave the euro. Since there is no mechanism in place to push Greece (or another heavily-indebted eurozone member) out of the eurozone, the likelihood of this option appears to be diminished. However, it is very likely that Greece will eventually require significant debt reduction relief from its eurozone partners – and will be shut out of financial markets for years. Greece could also still choose to default on its public debt, leave the eurozone, and restore its own currency at a sharply devalued level to try to improve its competitiveness.
Option 3 was for Germany to leave the eurozone and restore its own strong currency, perhaps with a few other fiscally solid countries, such as the Netherlands, Finland, and Austria. But despite the high and rising costs of bail-outs, Germany’s deep political commitment to remaining an anchor member of the eurozone has not wavered. The Conference Board gave this option only a five per cent probably earlier this year, and it is even less likely now.
------ This poll is Archived ------
option "NEVER" is just an ilusion, nothing lasts forever.
Ten years? perhaps, but 25 is too much
Ten years? perhaps, but 25 is too much
------ This poll is Archived ------
marbleshard: I am concerned that in a near future also Germany may face bankruptcy, in that case there will be no bailout possible. There is a risk that this event will spark a civil war or even a world war. The same applies for the US.
It was a stupid decision for Germany to become part of the Euro experiment, which could never have worked.
You cannot shackle a powerhouse such as Germany to basket cases such as Greece, Portugal, Spain, et al.
All that has happened is that the failed economies have survived by being vampires on Germany.
It would be far better for all concerned if everyone went back to their own currencies.
------ This poll is Archived ------
i dont know.iv being using monopoly money in all my business transactions the last five years and so far nobodies copped on.
------ This poll is Archived ------
The Euro is already dead.
“…the euro is not a currency in every sense of the word. A currency is only partly about notes and coins. It is also about being a universally accepted medium of exchange, a store of value over time, and a way of facilitating trade over long distances. That was why money evolved. And the euro doesn’t really meet those criteria any more.
Take interest rates, for example.
In Germany, the yields on 10-year government bonds are less than 2%. In Spain they are close to 7%, and in Italy just under 6%. And in Greece? Don’t ask. Government bond yields matter — not just in themselves but because they set the benchmark for borrowing costs right across the economy.
Some countries can’t use the euro for imports because of fears that drachmas or lire may suddenly replace euros.
There are already reports that oil traders don’t want to supply clients in Greece. Why not? Because in six months time when payment falls due they may not get paid in the currency the deal was struck in, but one worth much less. Much the same may soon be true of Spain as well.
And who can blame them? Oil is commodity that you can sell pretty easily right around the world. Why sell it to a country where there is a risk of not getting paid when there are so many alternative customers…. “
“…the euro is not a currency in every sense of the word. A currency is only partly about notes and coins. It is also about being a universally accepted medium of exchange, a store of value over time, and a way of facilitating trade over long distances. That was why money evolved. And the euro doesn’t really meet those criteria any more.
Take interest rates, for example.
In Germany, the yields on 10-year government bonds are less than 2%. In Spain they are close to 7%, and in Italy just under 6%. And in Greece? Don’t ask. Government bond yields matter — not just in themselves but because they set the benchmark for borrowing costs right across the economy.
Some countries can’t use the euro for imports because of fears that drachmas or lire may suddenly replace euros.
There are already reports that oil traders don’t want to supply clients in Greece. Why not? Because in six months time when payment falls due they may not get paid in the currency the deal was struck in, but one worth much less. Much the same may soon be true of Spain as well.
And who can blame them? Oil is commodity that you can sell pretty easily right around the world. Why sell it to a country where there is a risk of not getting paid when there are so many alternative customers…. “
------ This poll is Archived ------
lifeisadream: There are already reports that oil traders don’t want to supply clients in Greece. Why not? Because in six months time when payment falls due they may not get paid in the currency the deal was struck in, but one worth much less. Much the same may soon be true of Spain as well.
That would be strange indeed, because such contracts are written in a specified currency, which cannot be substituted.
Most world trade is done in US dollars.
------ This poll is Archived ------
Carl96190: That would be strange indeed, because such contracts are written in a specified currency, which cannot be substituted.
Most world trade is done in US dollars.
Most world trade is done in US dollars.
Yes, "most" world trade is done in US dollars but not all.
------ This poll is Archived ------
lifeisadream:
There are already reports that oil traders don’t want to supply clients in Greece. Why not? Because in six months time when payment falls due they may not get paid in the currency the deal was struck in, but one worth much less. Much the same may soon be true of Spain as well.
There are already reports that oil traders don’t want to supply clients in Greece. Why not? Because in six months time when payment falls due they may not get paid in the currency the deal was struck in, but one worth much less. Much the same may soon be true of Spain as well.
Oil is paid for only in US$ not any other currency.
------ This poll is Archived ------
marbleshard: I am concerned that in a near future also Germany may face bankruptcy, in that case there will be no bailout possible. There is a risk that this event will spark a civil war or even a world war. The same applies for the US.
The idea of the Euro was to make this currency an international
currency instead of the American dollar. So the Euro will stay
around for long, long, time.
------ This poll is Archived ------
The main reason for down fall of EURO is that EU has taken east european countries into their Euro and Schengen zone,most of the east european countries have worst life than ASIAN countries.Actully European think tank tried to make EU like USA but they have failed.US is a great country enriched with natural resources while due to lack of birth rate in EU EX prime minister of Great Britan Tony Blair says that our economy is becoming dependent on migrants coming from south asia
------ This poll is Archived ------
marbleshard: I am concerned that in a near future also Germany may face bankruptcy, in that case there will be no bailout possible. There is a risk that this event will spark a civil war or even a world war. The same applies for the US.
The whole world is going through a world wide money reset. We are leaving the fiat money system and returning to a "gold standard". Now where the money was once backed by gold, this time the money value will be set according a countries worth. Done by gold, silver, agriculture, oil, gas, minerals, manufacturing, ect.
------ This poll is Archived ------
When will the Euro collapse? About the same time as the dollar!
------ This poll is Archived ------
Trealach01: Oil is paid for only in US$ not any other currency.
Only US dollar?
Really?
Would oil be traded for washing machines?
Would oil be traded for Chinese lettuce?
"...On the last day of 2011, President Obama signed the National Defense Authorization Act for Fiscal Year 2012. The NDAA, as it is called, attempts to reduce Iran’s revenue from the sale of petroleum by imposing sanctions on foreign financial institutions conducting transactions with Iranian financial institutions in connection with those sales. This provision, which essentially cuts off sanctioned institutions from the U.S. financial system, takes effect on June 28.
So how can Beijing keep both Iran’s ayatollahs and President Obama happy at the same time? Simple, the Chinese can avoid the U.S. sanctions through barter. China has already been trading its produce for Iran’s petroleum, but there is only so much gai lan and bok choy the Iranians can eat. That’s why Iran is also accepting, among other goods, Chinese washing machines, refrigerators, toys, clothes, cosmetics, and toiletries.."
But even if the trade of Oil is made in US dollars there are many variables to consider -from one country to another- which affect the result $$$$.
Also India was paying Rupees for Iranian oil this year.
------ This poll is Archived ------
rizlared: Not sure I understand why there would be a world war, perhaps you can explain. I assume by civil war you mean your average German in the street turning against their power hungry government and its greedy supporters.
Most of my friends and colleagues in Europe will be shouting for joy and celebrating next year when the Euro finally collapses.
The only country that has benefited from the Euro is Germany, "you reap what you sow" comes to mind.
Most of my friends and colleagues in Europe will be shouting for joy and celebrating next year when the Euro finally collapses.
The only country that has benefited from the Euro is Germany, "you reap what you sow" comes to mind.
That's exactly why I believe Germany will never allow the Euro to fail. They will never get all the money back that they lent out but every cent will be fought for.
------ This poll is Archived ------
And who the first victims would be in the events of civil wars??? The affluent,the rich and the super rich,who they are under the illusions,taking their richness with, in to their graves.-
marbleshard: I am concerned that in a near future also Germany may face bankruptcy, in that case there will be no bailout possible. There is a risk that this event will spark a civil war or even a world war. The same applies for the US.
------ This poll is Archived ------
This Poll is Archived
This Poll is archived, so you will no longer be able to post to it. Poll get archived automatically when they are older than 3 months.
More Threads
Unions support Democrats!
wanting beyond need
The GOP Representatives owned by Vladimir Putin
men's perspective towards women
your favorite topic?
Would you hire this guy - for any job?
the way you look
Happy Birthday MysteriousGirl80
More Proof The GOP is a Criminal Organization
Karen McDougal - Playmate Model will testify in Hush Money Trial
More Threads
Report threads that break rules, are offensive, or contain fighting. Staff may not be aware of the forum abuse, and cannot do anything about it unless you tell us about it. click to report forum abuse »
Stats for this Poll
29 Votes
1,661 Views
23 Comments
Created: Oct 2012
Last Viewed: Apr 28
Last Commented: Oct 2012
Last Voted: Jul 2017
0 Likes
Related Forums
- Unions support Democrats!
- wanting beyond need
- The GOP Representatives owned by Vladimir Putin
- men's perspective towards women
- your favorite topic?
- Would you hire this guy - for any job?
- the way you look
- Happy Birthday MysteriousGirl80
- More Proof The GOP is a Criminal Organization
- Karen McDougal - Playmate Model will testify in Hush Money Trial
When will the EURO collapse because of the debt crisis?(Vote Below)