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07-03-2008, 04:31 PM
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#1
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Taze me bro!
Join Date: Dec 2006
Location: The Great State Of Washington
Age: 49
Posts: 23,799
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Euro May Be Poised for `Explosive Breakout,' Citigroup Says
Quote:
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July 2 (Bloomberg) -- The euro may be nearing an ``explosive breakout,'' reaching record levels against the U.S. dollar, according to a Citigroup Global Markets Inc. research note.
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Here you are, if you really really think you should.
Well there should be little doubt about it, we will need to change over to the Euro, hell when you lose your currency do you regain your sovereignty?? |
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07-03-2008, 04:45 PM
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#2
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Senior Member
Join Date: Dec 2007
Location: jax beach FL
Posts: 2,300
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Re: Euro May Be Poised for `Explosive Breakout,' Citigroup Says
Short term bitch of a problem but long term it will be good for US exports, 3rd party growth and a less adventurous foreign policy. Hopefully it will lead to a withdrawal from imperial military garrisons in Europe.
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Socio-biology and selection is a fact of life and death not a political option
Politics is a continuation of war by other means
Calling congress a parliament of whores insults the morals and principle of crack whores
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07-03-2008, 05:05 PM
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#3
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Open Access
Join Date: Jun 2008
Location: S.C. low country
Age: 60
Posts: 770
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Re: Euro May Be Poised for `Explosive Breakout,' Citigroup Says
Quote:
Originally Posted by michaelr
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I would never trade my dollars for another fiat currency maybe for gold or silver. Europe may look like its united but if you look a little deeper the have a lot of underlying problems. actually it makes our product more competitive and in turn causes our currency to gain against the euro |
"I place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt."
Thomas Jefferson, third US president, architect and author (1743-1826)
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07-03-2008, 05:10 PM
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#4
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Taze me bro!
Join Date: Dec 2006
Location: The Great State Of Washington
Age: 49
Posts: 23,799
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Re: Euro May Be Poised for `Explosive Breakout,' Citigroup Says
Actually a stronger Euro will tank the dollar. It is at its lowest point now, and falling fast. OPEC nations may not want the stuff anymore. That is not a good thing.
Cue up "The End", and crank it up as this crash is going to be heard around the world.
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07-03-2008, 07:37 PM
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#5
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Open Access
Join Date: Jun 2008
Location: S.C. low country
Age: 60
Posts: 770
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Re: Euro May Be Poised for `Explosive Breakout,' Citigroup Says
Quote:
Originally Posted by michaelr
Actually a stronger Euro will tank the dollar. It is at its lowest point now, and falling fast. OPEC nations may not want the stuff anymore. That is not a good thing.
Cue up "The End", and crank it up as this crash is going to be heard around the world.
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yea I know but no harm in wishful thinking |
"I place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt."
Thomas Jefferson, third US president, architect and author (1743-1826)
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07-03-2008, 07:38 PM
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#6
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Senior Member
Join Date: Mar 2008
Location: here, just existin
Posts: 1,934
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Re: Euro May Be Poised for `Explosive Breakout,' Citigroup Says
wow look at that, the even bigger socialists with a stronger central government have the better currency...  |
Politics is the art of looking for trouble, finding it whether it exists or not, diagnosing it incorrectly, and applying the wrong remedy.
Ernest Benn
Quote:
Originally Posted by Freedom for All
Since the genders aren't equal, that's a non-existent hurdle, and women have too much to lose to become the equal to men anyway.
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07-04-2008, 03:43 PM
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#7
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Senior Member
Join Date: Dec 2007
Location: jax beach FL
Posts: 2,300
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Re: Euro May Be Poised for `Explosive Breakout,' Citigroup Says
Looking over the usual suspects I don't think anyone knows what this means, too many cross-currents.
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Socio-biology and selection is a fact of life and death not a political option
Politics is a continuation of war by other means
Calling congress a parliament of whores insults the morals and principle of crack whores
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07-05-2008, 04:51 AM
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#8
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Senior Member
Join Date: Apr 2007
Posts: 5,537
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Re: Euro May Be Poised for `Explosive Breakout,' Citigroup Says
Quote:
Originally Posted by michaelr
Actually a stronger Euro will tank the dollar. It is at its lowest point now, and falling fast. OPEC nations may not want the stuff anymore. That is not a good thing.
Cue up "The End", and crank it up as this crash is going to be heard around the world.
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What does it matter? There is no gold standard behind the dollar. We could just quit using the dollar and switch to the Euro, or scratch the dollar all together and switch to an Amero once Canada, Mexico, and the US form their own union. You know how most people hate going to the dentist. Well, Socialism may be like that. Let's just go there and get it over with, then head out to the drug store to pick up our pain-killing prescriptions. (We'll need em).
Last edited by Burning Giraffe; 07-05-2008 at 04:53 AM.
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07-05-2008, 11:03 AM
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#9
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Senior Member
Join Date: Sep 2006
Location: North America
Posts: 14,345
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Re: Euro May Be Poised for `Explosive Breakout,' Citigroup Says
Do the Europeans like the idea of a tanking dollar? No they do not and why? BEcause the US will kick their collective asses in the import export realm. Look.. We are working now. We have jobs. Our economy is doing pretty well. We have less than 6% unemployment. In Europe they have massive unemployment.
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07-05-2008, 11:47 AM
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#10
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Taze me bro!
Join Date: Dec 2006
Location: The Great State Of Washington
Age: 49
Posts: 23,799
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Re: Euro May Be Poised for `Explosive Breakout,' Citigroup Says
Quote:
Originally Posted by justoneman
Do the Europeans like the idea of a tanking dollar? No they do not and why? BEcause the US will kick their collective asses in the import export realm. Look.. We are working now. We have jobs. Our economy is doing pretty well. We have less than 6% unemployment. In Europe they have massive unemployment.
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Are you nuts? It is YOUR administration that HAS tanked the dollar, nice deflection from reality. |
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