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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (2661)	6/27/2019 7:37:33 AM
From: Elroy Jetson	1 Recommendation Recommended By kidl Read Replies (1) \| Respond to 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.

To: elmatador who wrote (2661)	6/27/2019 8:26:09 AM
From: robert b furman	1 Recommendation Recommended By elmatador Respond to of 13801

Hi El, For my 2 cents worth - the euro is a busted currency. It is a plan to isolate non european manufacturers and support non competitive European manufacturers. It stifles market pricing AND COMPETITION. Innovative products and services that dominate Euroland get taxed by bureaucrats: Google Microsoft and Facebook. They stifle their own development. They impose progressive mores on sovereign countries that love their own identity. Even their flagship auto manufacturer cheated when they could figure out emissions technology. It's a poor performing good ole boy club. I say bust it up,and let the people decide how they want to live! As for me, I love to visit Italy and think the French are all over themselves about not too much. That's just me, but to this observer - their system is broken and their never do anything bureaucracy should be abolished and let the individual countries live like they want to. Bob