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  • One final detail I want to remind everyone about.....its all imaginary, well the value of currency is, we ascribe value to currencies based on commodities that we ascribed values to depending on how rare these commodities are....

    Its all smoke and mirrors, we print money, supposedly based on commodities that we may or may not still hold(gold).  Its all window dressing and is meant to facilitate transactions that at one point in time were handled through barter.....

    All fine and dandy until people realize that the big boys play by a totally different set of rules from the common man.....they take the concept of imaginary money to a whole new level....its called leveraging, its when you have the ability to borrow x number of dollars to every 1 dollar you actually have usually in the realm of 4 to 1 but higher is not unheard of, sound familiar? 

    When everything is said and done, the very concept of money is flawed and will continue to be flawed until it goes away completely.....but with all that being said, I would still rather be part of the haves as opposed to the have nots.....
  • Overspending is where it has gone!  Countries that were in surplus, like we were at one time, decided that "Hey we got all this money, let's go shopping".  Things were overpriced and they spent anyways.  And adding to Cheryl, it is all global currencies that are dropping like flies.  :)

  • Money/wealth has been stolen by those very rich folk in charge of our financial system.  Everything is manipulated.  All our news is manipulated.  Steve Quayle has had alerts for years that never happened.  Yes, the euro is in trouble.  So is the dollar.  One affects the other.  The financial powers will keep this house of cards (the global economy) propped up until it suits them to let it collapse.  Just be prepared, just in case. 

  • Where all the money / wealth has gone? All bail out packages vanishing...

  • Sort of Paul, a bit dramatized but not a good sign.  I won't say that the Euro is going the way of the Dodo but it will no longer be seen as a strong option to US Bonds....not the end of the world it take a bit longer for an 8 trillion dollar economy to just die.....Greece is all of 3 percent of that equation and Spain/Italy are roughly 8-9% respectively....not good but not the end of the Euro....

  • euro collapse? I do not know if this is true or not

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