The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: elmatador who wrote (2661)	6/27/2019 7:37:33 AM
From: Elroy Jetson	1 Recommendation Recommended By kidl Read Replies (1) of 13801

The Euro will still be treasured in Italy, even if it isn't their new quickly depreciating national currency - just as US Dollars, Swiss Francs and German Marks were accepted in Italy when their official currency was Lira. I remember driving over the border from Switzerland and I owed an Italian road toll of 8,600 Lira, which was a little less than 5 Swiss Francs, as the Italian currency quickly and continuously lost it's value. Periodically Italy would lop-off three zeros and introduce the "even newer Lira". The Euro might become the currency of only Northern Europe, but that's where almost all of the production is and even more of the economic wealth. It's always been almost inevitable that Greece and Italy would return to banana republic status again using play-money as a currency. They're Venezuela. . This 2,000 Lira note was worth about $1.12 on that trip. Coins were utterly worthless. I'm sure Italians can't wait to get back to this shit. This 100,000 Lira note, an quantity once unthinkable as currency note, was worth only about $56.

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