2 Responses to The Genesis of the Euro

1. Pingback: The Genesis of the Euro | Forex news

2. Ole C G Olesen says:

   December 10, 2011 at 9:55 AM

   LOOK AT THE EXCHANGE RATE OF THE EURO …here :

   http://finance.yahoo.com/echarts?s=EURUSD%3DX+Interactive#chart2:symbol=eurusd=x;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

   And besides of having been declared imminent DEAD by ANGLOSAXONS many times .. the EURO has kept its value remarkably well .. one should say

   TRY .. based on exchange rates( and prevailing interst-rates ) to make a CALCULATION.. HOW would a EUROPEAN or almost any other national outside the US have fared had he 10 years ago purchased for 100.000 USD 10 Year US Treasuries ?

   And try to calculate how a US CITICEN would have fared had he purchased for 100.000 USD ..European Bonds ( except greek ofc )

   in the first scenario the foreigner would have been standing with approx 100.000 EURO having lent approx 112.000 EURO to the US Gouvernment .. 10 Years ago… a LOSS of approx 12.000 EURO
   … approx 16.000 USD ..MINUS .. after 10 years

   in the second scenario the SMART US Citicen would have been standing with approx 225.000 USD having lent 100.000 USD to EUROPEAN Gouvernments . He would have more than DOUBLED his Capital !

   CHECK IT OUT .. If You doubt.. use the exchange rates.. and use prevailing interest rates .. where Eurpean Rates have been a couple of percent HIGHER than US rates.. for all the time

   When considering the relentless US APPETITE for BORROWING and MONEY PRINTING .and NO END IN SIGHT FOR THAT … .it is a solid BET .. that the next 10 Years .. could be as the preceeding 10 Years

   SO .. where do YOU think … Your hard earned savings are SAFER ?

   Reply

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