Phillip Tilley

The Euro must die

December 17, 2010 |  12 comments
Image Credit: sxc.hu In August of 2008 I wrote the article in this column titled “2012 and the Economy”. I explained why the currency we use today, the Federal Reserve Note dollar, may come to an end at the end of 2012. A new currency would have to emerge to replace the old one. If that were to happen today, the world would switch from Federal Reserve Note dollars, the current world reserve currency, to the Euro. So between now and the end of 2012 the Euro must die!

Some of you might think that is impossible while others will say it is already happening, and it is already happening. Remember, twenty years ago nobody thought the Europeans could put aside their differences to have a common currency, but the impossible happened.

We need look no further than the economic crisis in Europe to get an idea of what will happen. First it was Greece with 110 Billion Euro ($145 Billion), currently it is poor Ireland with 85 Billion Euro ($113 Billion) and likely the next countries will be Portugal, Spain and Italy. The funding for Ireland came from the EU fund which has 750 Billion Euros in reserves, and from the IMF or International Monetary Fund. If Spain needs a bailout it would need more than the remaining Euros in the EU bailout fund.

That leaves the IMF. The IMF is largely funded by the U.S. and its representatives on the board of governors are Timothy Geithner, the current U.S. Treasury Secretary, and Ben Bernanke, the current chairman of the Federal Reserve. It would seem the IMF has set into motion the sinister plan to bring about the end of the Euro so the Federal Reserve can bring about the end of the Federal Reserve Note dollar all on time with the long term goal.

In the U.S. with mid-term elections over, the current administration no longer has to lie about how bad the unemployment situation is. They can now slowly reveal the real unemployment rate and blame it on the election of the Republicans. Already they admit at a time when jobs which fuel the economy should be growing they are actually shrinking and the unemployment rate went up officially to 9.8%. Every economist agrees it will stay high for the next several years at least.

Jack Kleinhenz, chief economist at the National Retail Federation recently said, “A fourteen percent rally in the Dow Jones industrial average since late August has made households feel wealthier”. That is a ridiculous statement. The common man with any common sense does not have any common currency to put in the stock market and could not care less what the Dow does. They will feel wealthier when they go back to work, stop having their houses foreclosed on and can stop worrying about making ends meet.

But I fear the Euro is doomed by evil deeds done by evil men doing the evil that evil men do. Wake up people, the money matrix has you.[!gad]In August of 2008 I wrote the article in this column titled “2012 and the Economy”. I explained why the currency we use today, the Federal Reserve Note dollar, may come to an end at the end of 2012. A new currency would have to emerge to replace the old one. If that were to happen today, the world would switch from Federal Reserve Note dollars, the current world reserve currency, to the Euro. So between now and the end of 2012 the Euro must die!

Some of you might think that is impossible while others will say it is already happening, and it is already happening. Remember, twenty years ago nobody thought the Europeans could put aside their differences to have a common currency, but the impossible happened.

We need look no further than the economic crisis in Europe to get an idea of what will happen. First it was Greece with 110 Billion Euro ($145 Billion), currently it is poor Ireland with 85 Billion Euro ($113 Billion) and likely the next countries will be Portugal, Spain and Italy. The funding for Ireland came from the EU fund which has 750 Billion Euros in reserves, and from the IMF or International Monetary Fund. If Spain needs a bailout it would need more than the remaining Euros in the EU bailout fund.

That leaves the IMF. The IMF is largely funded by the U.S. and its representatives on the board of governors are Timothy Geithner, the current U.S. Treasury Secretary, and Ben Bernanke, the current chairman of the Federal Reserve. It would seem the IMF has set into motion the sinister plan to bring about the end of the Euro so the Federal Reserve can bring about the end of the Federal Reserve Note dollar all on time with the long term goal.

In the U.S. with mid-term elections over, the current administration no longer has to lie about how bad the unemployment situation is. They can now slowly reveal the real unemployment rate and blame it on the election of the Republicans. Already they admit at a time when jobs which fuel the economy should be growing they are actually shrinking and the unemployment rate went up officially to 9.8%. Every economist agrees it will stay high for the next several years at least.

Jack Kleinhenz, chief economist at the National Retail Federation recently said, “A fourteen percent rally in the Dow Jones industrial average since late August has made households feel wealthier”. That is a ridiculous statement. The common man with any common sense does not have any common currency to put in the stock market and could not care less what the Dow does. They will feel wealthier when they go back to work, stop having their houses foreclosed on and can stop worrying about making ends meet.

But I fear the Euro is doomed by evil deeds done by evil men doing the evil that evil men do. Wake up people, the money matrix has you. Comments (12)

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