I am Not Purple Posted November 22, 2010 Share Posted November 22, 2010 http://www.bbc.co.uk/news/business-11608719This is an very interesting article. And I thought I better post a serious link rather than me writing an entire paragraph. It pretty much explains what I'm trying to talk about here (and also some time ago on the old board). Basically the US will get a even bigger inflation next year. The US Dollar will go down even more. Things will change pretty quicky now. You can see it already. Prices in the US get higher and higher (groceries, gas for instance). Also the Euro might fall apart as well in the next years. And all this isn't some kind of conspiracy theory. If you followed the G20 you might know whats going on. Here is a nother great source for currency stuff: http://www.milesfranklin.com/They have a great newsletter and blog. Link to post Share on other sites
Danielle Posted November 23, 2010 Share Posted November 23, 2010 Also the Euro might fall apart as well in the next yearsI can see this seriously happening, first Greece going bust and now Ireland struggling, with other countries not far behind. It makes me glad that the UK kept the pound and never joined the single currency, although even we aren't safe. I think that we will slowly see one or two of the smaller countries leaving the single currency. I don't think it would have prevented the recession, had the Euro never happened, but I think countries would be in a stronger position to manage themselves had they had their own currency. Link to post Share on other sites
I am Not Purple Posted November 23, 2010 Author Share Posted November 23, 2010 I can see this seriously happening, first Greece going bust and now Ireland struggling, with other countries not far behind. It makes me glad that the UK kept the pound and never joined the single currency, although even we aren't safe. I think that we will slowly see one or two of the smaller countries leaving the single currency. I don't think it would have prevented the recession, had the Euro never happened, but I think countries would be in a stronger position to manage themselves had they had their own currency.Yep. Spain and Portugal are next. Well if the Euro crashes, then there might be a new currency, or each country or a group of countries get their own. I can't remember the name of the head of the world bank, but he had some ideas what to do. And they were pretty good to be honest. One of them is to bring the gold standard back. Link to post Share on other sites
I am Not Purple Posted November 23, 2010 Author Share Posted November 23, 2010 EDIT: Sorry, I failed at editing my post. Link to post Share on other sites
I am Not Purple Posted December 21, 2010 Author Share Posted December 21, 2010 I'm sorry for the triple post, I know it looks stupid but no one else is posting here so I don't have another chance. Well it seems like the Chinese are making a trap for the US. A 'third world country trap' so to speak. They exchange their US dollar with massive amounts of gold and silver. Means they make the inflation in the US worse and worse. On the other hand China is/will dominate the gold and silver market. In a few years they will create a new trading currency, probably with India and a few Arabic countries. And of course other countries that are smart enough to follow. The banking system that Europe brought to the US is slowly falling apart. Europe is of course affected as well. But a few european nations have good trade relationships with China. Link to post Share on other sites
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