EUR is currently the strongest (BIG) currency.
All the other Central banks are printing there currency like "mad cows" atm.
Central bank of Europe isnt joining in this ponzi scheme created by all other central Banks.
However Super Mario may eventually start printing too, he was trying to show his balls lately.
All the other Central banks are printing there currency like "mad cows" atm.
Central bank of Europe isnt joining in this ponzi scheme created by all other central Banks.
However Super Mario may eventually start printing too, he was trying to show his balls lately.
Well, the Euro runs an actual inflation (not the fake government stats) anywhere between 3% and 5%, well beyond their 2% target, alongside a 0.25% central bank interest rate.
So in a sense, it shares exactly the same fate like the USD and similar currencies.
As the ECB usually goes into offensive mode near ~1.35$/Euro and into overdrive printing at about 1.37$/Euro, they just debase enough to keep pace with all the other main suicidal FIAT currencies.
All it takes for the Euro to nosedive would be some of the bigger PIIGS run into inabilities to pay their debt, which is as certain as the amen in a church. So far, Super Mario's "extend & pretend" policy of empty words & promises worked more or less. Still, nothing but kicking the can down the road. And we're not even talking all the Euro-denominated unfunded liabilities...
As soon as some real stress hits the Euro, one nation will leave it, many will soon follow.
Seeing Germany at the "core of stability" in the Euro area (collateral lender and backstop of last resort), note that Deutsche Bank is levered like 1:65 already and is one of the most dangerous (failprone) banks on the planet. Our german insurers already ran into serious trouble due to ZIRP and are (as we speak) cutting back on their customer payouts for the very first time in many decades. Similar financial institutions are likely to follow, including pension funds.
Nothing is fixed in Europe, we're just a few years further back on the timeline as more troubled nations. But we're on exactly the same track. Most older Germans view the Euro as the political Monopoly paper it really is, plus they remember the Deutsche Mark (and miss it) too well. Most people of Europe never wanted the Euro, it was put in place by the bankers using their unelected talking heads in Brussels.
In short : it cannot survive.
PS.
The way I see it, most of the FIAT planet had its first encounter with the debt-black-hole in 2008. The only reason TPTB still exist and operate were their central banks going into overdrive on all engines to avoid crossing the event horizon.
However, this merely brought us into an elliptic orbit around that black hole and it won't let go. Right now (as we speak), after a period of seemingly calm flight, we're already headed right back into it, possibly making the next pass already this year. And with every iteration, the stress on the whole corrupt, debt-overloaded system will increase, until it simply breaks apart in a great, colorful show of cascading structural failures.
It's mathematically unavoidable if all the nations stay their course - being owned by their central banks, that's what they're programmed to do, keeping the sheeple calm right until impact.
Since years, those who were able to count 1+1 and had enough braincells and ability to prepare, were and are actively doing so.
)
