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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 476.10

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Jan 27 4:00 PM EST

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To: TobagoJack who wrote (90279)	5/16/2012 8:52:24 PM
From: maceng2	Read Replies (3) of 219831

I was listening to a radio talk show about the Greek euro subject. People were calling in with all sorts of concerns about thier holiday money and travellers cheques etc. There is a strong rumour that any euros printed with a "Y" in it means that they were printed in Greece and might be devalued. By comparison a "Z" means they were printed in Germany. A currency expert who travelled in the former USSR during their break up made some good points... (1) All fiat currency notes are in fact a massive confidence trick. There are only worth what people believe they are worth. ALL euros will almost certainly be worth the same, no matter where they are printed, but there is a very small chance people might start not wanting the Greek made euros just because they dont trust them. (2) Any euros [printed anywhere in the eurozone] in Greece on the day a currency conversion occurs [IF it occurs] will be over printed as dracmas and will then be tied to the dracma. They will officially then become dracma euros and will likely depreciate quickley in the following weeks & months. (3) If you have real euros, people will just love taking them but your change will be in dracmas when you buy something, and they will not be a desired currency when you go to another country or travel back home. Therefore, it would be sensible only to keep low denomenation notes so you dont get dumped with loads of change in dracmas. He said exact same thing happened in former USSR with the rouble. Ukrainian roubles were not worth the same as Russian roubles and therefore were overprinted when they split up.

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