EUR might drop below USD - page 4. | Bitcointalksearch.org

bryant.coleman

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Quote from: deisik on June 15, 2015, 06:26:22 AM

Is it not what any empire eventually strives to reach? That colonies would be highly dependent on the metropole and look like parasites?

Possible. A prime example is Greece. If that country defaults on its debt payments to Germany, then there is a chance that the Germans will just take away their sovereignity. The same can happen to the other Southern European nations, such as Cyprus, Spain, Portugal.etc. Eventually, we will be having a fourth reich with frau Merkel as the new führer. And welcome to the Reichsgau of Griechenland.

Fabrizio89

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Until FED increases rate eur won't make new lows, be extra careful anyway these next two days as the FOMC speech will adress the matter. Great time to trade for experts tho

deisik

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Quote from: bryant.coleman on June 15, 2015, 06:18:07 AM

Quote from: deisik on June 15, 2015, 05:53:50 AM

People seem not to understand what the EU essentially is. It is just another, more civilized and polished version of the German Reich (and Euro a euphemism for Reichsmark). Why do you think Great Britain is not in the Eurozone, and is generally pessimistic toward the European Union?

Well.... that is because Germany is probably the only (major) country within the European Union, whose economy is not broke. The French economy is crumbling from the 75% income tax, while the Brits are struggling to keep theirs alive. Almost all the parasite nations (esp. in the Southern Europe) depend upon Germany for their survival.

Is it not what any empire eventually strives to reach? That colonies would be highly dependent on the metropole and look like parasites?

Marbit

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Quote from: Valta Crypto on January 25, 2015, 05:36:37 PM

Is it possible that EUR might drop below USD in 2015? Syriza & ECB QE program
pushing price even lower against USD or do you think euro is at it's bottom right now
and is going to rise soon?
Discussion.

Highly doubt that happening, Germany won't let it crash even if Greece fails to comply. They are too big an economy to be disregarded I think, hard to imagine it dropping below USD.

bryant.coleman

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Quote from: deisik on June 15, 2015, 05:53:50 AM

People seem not to understand what the EU essentially is. It is just another, more civilized and polished version of the German Reich (and Euro a euphemism for Reichsmark). Why do you think Great Britain is not in the Eurozone, and is generally pessimistic toward the European Union?

Well.... that is because Germany is probably the only (major) country within the European Union, whose economy is not broke. The French economy is crumbling from the 75% income tax, while the Brits are struggling to keep theirs alive. Almost all the parasite nations (esp. in the Southern Europe) depend upon Germany for their survival.

edric

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Quote from: Valta Crypto on January 25, 2015, 05:36:37 PM

Is it possible that EUR might drop below USD in 2015? Syriza & ECB QE program
pushing price even lower against USD or do you think euro is at it's bottom right now
and is going to rise soon?
Discussion.

It is bound to happen as the european economy falling down so rapidly. At last, it would have to be dependent on US to survive. Ultimately, increasing the dollars prices everywhere.

deisik

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Quote from: bryant.coleman on June 13, 2015, 01:41:54 AM

Quote from: Scamalert on June 12, 2015, 07:51:44 PM

Just waiting for Germany to exit the EUR, then will the whole thing collapse.
Its only Germany who is keeping the EUR at resonable exhange rate...

No chance of that happening in the near future. There is some support for leaving the EU in Germany, as evident from the rise of Alternative für Deutschland (AfD) there. But still, the overwhelming majority (80%) of the Germans support their nation staying within the European Union. UK might be a possible candidate to secede from the EU, but even there, the majority of the people favor remaining in the EU.

People seem not to understand what the EU essentially is. It is just another, more civilized and polished version of the German Reich (and Euro a euphemism for Reichsmark). Why do you think Great Britain is not in the Eurozone, and is generally pessimistic toward the European Union?

Amph

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Quote from: Scamalert on June 12, 2015, 07:51:44 PM

Quote from: Pab on June 05, 2015, 04:54:22 PM

Yes Euro is very much dead,dead from begining
Good article about Europe,Euro,Greece by Joseph E Stiglitz, a Nobel laureate in economics,

http://www.theguardian.com/business/2015/jun/05/greeces-creditors-need-a-dose-of-reality-this-is-no-time-for-european-disunion

Just waiting for Germany to exit the EUR, then will the whole thing collapse.
Its only Germany who is keeping the EUR at resonable exhange rate... the whole problem is that all EU countries wants a piece of the pie... but germany is the only one paying.... There is no union its all about who can gain most from the common funds... EU will fail.

it's not a surprise that EU is centralized like anything else, the only fact that there is a central bank prove this point, every decision made by a single country in EU, is useless, with that kind of system

Quote from: kaykawa on June 13, 2015, 05:40:54 AM

Greece is going to default

they have no choice, but if the central bank would like to keep Greece they should lend them what they need, then they will print even more money to solve the issue that a possible default will cause, they are doing this since ages, i don't see why it should be different now

Scamalert

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Quote from: kaykawa on June 13, 2015, 05:40:54 AM

Greece is going to default

Greece should pay a single cent, even if they could.
The whole debt crisis in Greece are caused by the european central bank.
The greek bonds was pumped artifficial high and all the loans to greece was only made
to prevent french and german banks who have invested in greek bonds, not to loose their invenstment.
The money greece has "borrowed" was never put into greek economy, but stayed strictly inside the bank system, and now will the people of greece have to pay for this. This is scary, that banks can do this, and get away with it. When greece default, then will many greedy banks (who invested in greek bonds) fall, then will we have a new bank crisis, and then will EU fall.

kaykawa

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Greece is going to default

ridery99

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Quote from: Scamalert on June 12, 2015, 07:51:44 PM

Quote from: Pab on June 05, 2015, 04:54:22 PM

Yes Euro is very much dead,dead from begining
Good article about Europe,Euro,Greece by Joseph E Stiglitz, a Nobel laureate in economics,

http://www.theguardian.com/business/2015/jun/05/greeces-creditors-need-a-dose-of-reality-this-is-no-time-for-european-disunion

Just waiting for Germany to exit the EUR, then will the whole thing collapse.
Its only Germany who is keeping the EUR at resonable exhange rate... the whole problem is that all EU countries wants a piece of the pie... but germany is the only one paying.... There is no union its all about who can gain most from the common funds... EU will fail.

EU is a scam

bryant.coleman

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Quote from: Scamalert on June 12, 2015, 07:51:44 PM

Just waiting for Germany to exit the EUR, then will the whole thing collapse.
Its only Germany who is keeping the EUR at resonable exhange rate...

No chance of that happening in the near future. There is some support for leaving the EU in Germany, as evident from the rise of Alternative für Deutschland (AfD) there. But still, the overwhelming majority (80%) of the Germans support their nation staying within the European Union. UK might be a possible candidate to secede from the EU, but even there, the majority of the people favor remaining in the EU.

Erdogan

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Quote from: Scamalert on June 12, 2015, 07:51:44 PM

Quote from: Pab on June 05, 2015, 04:54:22 PM

Yes Euro is very much dead,dead from begining
Good article about Europe,Euro,Greece by Joseph E Stiglitz, a Nobel laureate in economics,

http://www.theguardian.com/business/2015/jun/05/greeces-creditors-need-a-dose-of-reality-this-is-no-time-for-european-disunion

Just waiting for Germany to exit the EUR, then will the whole thing collapse.
Its only Germany who is keeping the EUR at resonable exhange rate... the whole problem is that all EU countries wants a piece of the pie... but germany is the only one paying.... There is no union its all about who can gain most from the common funds... EU will fail.

Give them more money to spend. In a few weeks: Give them MOAR. Next year: MOOAAR!!.

Scamalert

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Quote from: Pab on June 05, 2015, 04:54:22 PM

Yes Euro is very much dead,dead from begining
Good article about Europe,Euro,Greece by Joseph E Stiglitz, a Nobel laureate in economics,

http://www.theguardian.com/business/2015/jun/05/greeces-creditors-need-a-dose-of-reality-this-is-no-time-for-european-disunion

Just waiting for Germany to exit the EUR, then will the whole thing collapse.
Its only Germany who is keeping the EUR at resonable exhange rate... the whole problem is that all EU countries wants a piece of the pie... but germany is the only one paying.... There is no union its all about who can gain most from the common funds... EU will fail.

bryant.coleman

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Quote from: oblivi on June 09, 2015, 04:43:13 PM

Everything that has a negative impact on conventional banking has a positive side effect on Bitcoin. There are past incidents that point to that conclusion.

Theoretically, it might be true. But I am not seeing any evidences for the same in practical cases. For example, when the Cyprus bank savings account haircut was happening, everyone went ballistic here, saying that the Bitcoin adoption will sky rocket as a result. But nothing happened. The adoption failed to receive a significant boost from Cyprus.

oblivi

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Quote from: ?? on ??

Quote from: Amph on June 07, 2015, 09:46:53 AM

this is a good news for bitcoin

now they will have no excuse for not jumping on bitcoin

No, it isn't. Bitcoin doesn't make anything better in that case.

Everything that has a negative impact on conventional banking has a positive side effect on Bitcoin. There are past incidents that point to that conclusion.

Amph

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Quote from: ?? on ??

Just found this article on reddit:

Austria government stops guaranteeing bank deposits

http://www.thelocal.at/20150410/bank-deposits-no-longer-guaranteed-by-state

I guess Raiffeisen is in trouble, because they already lost a lot of business due to trade sanctions against Russia and the Ukraine conflict.

TL;DR Austrian banks are now unprotected like Bitcoin exchanges.

no more reason to store you money into "safe account" then, at least for austria(i'm storing everything on my wallet), this is a good news for bitcoin

now they will have no excuse for not jumping on bitcoin

knowhow

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im pretty sure eur may collapse because some bad managements made for some countries,but pretty sure the euro wont die soo easy they made a projection about it and well the situation of the world had for sure been projected to affect the eurozone as all countries facing some kind of problem soo this wont last forever....

bryant.coleman

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Quote from: qiwoman2 on June 06, 2015, 09:08:17 AM

I am surprised the EUROZONE isn't too phased about a GREXIT. If Greece leaves the EURO I see it getting a good thrashing as other peripheral EURO nations will then find it distasteful, then you got the U.K going for a referendum in 2017 about leaving the EUROPEAN UNION completely..I wouldn't be surprised if we see the Euro less than a dollar by the end of 2015..

If any of that happens, the Euro can loss as much as 30% to 40% of its current value against the USD. Right now, the Euro is still a little bit more valuable when compared to the USD, with the exchange rate being 1€ = 1.11$. The UK referendum is a long way off. And I have strong doubts on whether it will happen or not. But the Grexit is a more immediate and serious threat. It can destroy the Euro.

DiamondCardz

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Quote from: qiwoman2 on June 06, 2015, 09:08:17 AM

I am surprised the EUROZONE isn't too phased about a GREXIT. If Greece leaves the EURO I see it getting a good thrashing as other peripheral EURO nations will then find it distasteful, then you got the U.K going for a referendum in 2017 about leaving the EUROPEAN UNION completely..I wouldn't be surprised if we see the Euro less than a dollar by the end of 2015..

Perhaps, though as a resident of the United Kingdom I'm acutely aware that us leaving the EU is suicidal and the only reason this is coming up as a referendum is UKIP and the amount of chavs living in council houses who constantly spout about immigrants coming into the country while living off the state, in a council house, and leeching child benefits and the NHS with their family of 12. I don't think we'll truly leave.

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