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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (111379)	5/8/2010 10:16:20 PM
From: TobagoJack	Read Replies (1) \| Respond to of 116555

yen, rmb, cad, aud, chf, usd ... zimbabwe dollar ... argentine peso are under the control of their respective issuing bank [sorry, i meant national government - code phrase for money publishing house] even as the bits of papers are backed by no more than the national governments, at least the governments can do the following: - try to prevent capital flight - certainly to print more paper based on own decision / judgement - tax to make up some difference the euro is just and only a fragile agreement by a bunch of wastrel socialist states speaking different languages and answerable to various gods, and backed by nothing more than a paper agreement german housewives care about where their euro are printed when getting cash what do the housewives know? when the euro breaks, by path of zimbabwe or way of argentina, it would matter

To: Jim McMannis who wrote (111379)	5/9/2010 2:11:00 AM
From: mishedlo	Respond to of 116555

There is no taxing authority or political authority in the EU. It is a currency union, not a political union. Mish