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To: GROUND ZERO™ who wrote (5246)	6/5/2010 1:50:27 PM
From: carranza2	1 Recommendation Read Replies (1) \| Respond to of 219261

No, but I do think that there is a danger that the EU might become substantially different, perhaps with the more profligate nations thrown out. The EU is simply not in the interests of France and Germany, especially Germany. I suppose the euro might cease to exist. History shows that eventually all fiat currencies go into the ash heap. All, without exception. It seems that those who control them cannot manage them. There is something about having a finger on the monetary trigger that seems to compel the policy maker to issue too much paper, with predictable results. Gold has historically been the great disciplinarian. A paper currency convertible into metal required that the policy maker not issue excess paper because holders of paper would demand the metal. This scheme kept currencies stable, inflation under control, etc. A shame that we cannot go back in time to 1971 and keep Nixon from doing what he did. You might recall that DeGaulle recognized that the US was printing too much paper, and therefore kept raiding our gold stocks. Nixon ended the convertibility scheme and here we are.