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To: GROUND ZERO™ who wrote (5314)6/7/2010 7:47:20 AM
From: DebtBomb1 Recommendation  Respond to of 219142
 
June 7, 2010
I Would Like To See The Euro Survive But I Don’t See How It Can.

I certainly expect the Euro to be around in 2012 or 2013, but whether it’ll be around in 2023, I don’t know. It’s becoming more and more a political currency. It wasn’t always. In the beginning, it wasn’t a political currency. It was designed to be a rock solid currency, but, since then, it’s become a political currency and most political agreements or political institutions don’t last. No currency union has ever lasted. It’s been tried before. I wish the Euro would survive. The world needs something to compete with the dollar. The Euro, on paper, makes enormous sense, but, unfortunately, the people who wrote that contract back in 1992 are all gone now and the new guys all want to buy votes. So, I would like to see the Euro survive, but, in reality, I don’t see how it can.
jimrogers-investments.blogspot.com



To: GROUND ZERO™ who wrote (5314)6/7/2010 12:15:16 PM
From: Copeland  Respond to of 219142
 
Their laws make sense if the goal is to pander to the lower classes and to assure more control for them.



To: GROUND ZERO™ who wrote (5314)6/7/2010 2:29:51 PM
From: FJB1 Recommendation  Read Replies (1) | Respond to of 219142
 
Rating Cut by Fitch on Wealthiest U.S. State

Saturday, June 5, 2010

Connecticut is preparing to borrow $956 million to close a budget gap in the fiscal year beginning July 1, after borrowing money last year to cover a deficit of $947.6 million. Not good. Fitch has reduced the states credit rating from AA+ to AA.

“The downgrade reflects the state’s reduced financial flexibility, illustrated by its reliance on sizable debt issuances during the current biennium to close operating gaps in the context of already high liabilities,” Fitch said.

Connecticut is the wealthiest state on a per capita basis with personal income of $54,397 in 2009, according to Department of Commerce.