Czech President "When will Eurozone Fail!"

elinterventor01Post Master

Vaclav Klaus questions, when, not, if the Eurozone will fail:

http://www.cato.org/pubs/edb/EDB14.pdf

Reagan, Thatcher, John Paul II, and many courageous others lead an assault upon the Soviet Union to bring it down of its own weight. Rather ironic that the recession in Bush's administration, although not caused by him, revealed the structural weaknesses of the EU welfare state, socialist worker's paradise. Oops! Isn't that the model Obama wishes to follow as Biden and he lead to move the capital of the free world to Brussels.

I don't care, it still tastes like Brussels Sprouts, even with bacon!

5/31/108:53 AM

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Flatus the AncientHall of Famer

Remember George Soros, the guy who broke the Bank of England. A few short years ago he was increasing the value of the Euro and other European currencies at the expense of the Dollar.

quote:
Traders believe selling the dollar is a one-way bet, and some latched on to rumours that speculators were building "short" positions on the dollar - betting it will tumble in the coming months.

One hedge fund manager, who asked not to be named, said: "I have heard that both Soros and Buffett are shorting the dollar. There's a growing belief on Wall Street that the dollar is looking like a one-way bet downwards."

http://www.independent.co.uk/n...t-dollar-737224.html

Now it's the Euro's turn:

quote:
Soros Fund Management, along with other hedge funds, has been accused of aggressively short selling the euro to destabilise it. Both the Greek and Spanish prime ministers have condemned "speculators" for undermining the currency.

Some observers say that traders and hedge funds have bet nearly $8bn against the euro as very low interest rates have made funding such massive punts more feasible. Concerns have been expressed about the abuse of the credit default swaps market by shorters – so-called "naked" trading.

http://www.independent.co.uk/n...he-euro-1914356.html

5/31/1011:29 AM

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