Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who wrote (21435)	1/12/2002 10:21:42 PM
From: Zeev Hed	Read Replies (2) of 99280

Steve, to me, the Euro (and additional steps being undertaken in the area of more uniform taxation) is resurrection of Charlemagne's dream (that lasted less then a century and plunged Europe back into the dark ages) of a unified Europe (and of course, the later dream of the "Third Reich"). It is possibly feasible, but not before the various parts of Europe are strong enough to maintain their cultural and historical heritage within a true federation within a single political entity. Dividing the monetary and fiscal counter balance along diverse political entities is, IMTO, a recipe for long term disaster. There will be a period in which this problem will be masked (as the US economy finally gets out of its current malaise and start to have once more payments deficits in the $40 B/month range, an element which will eventually weaken the dollar vs the Euro) for some time, but eventually, the economic tensions within Europe may bring to social unrest which will cause unraveling of that unnatural new order. It seems that you and I are the lonely voices in the desert decrying that lunacy (g). Zeev

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