The EUR vs The USD
Here’s a very interesting essay by Peter Schiff on possible future scenarios that could arise from the current debt situation facing Greece – and how the way that situation is handled could impact on both the euro and the dollar.
Categories: Economy
It has become very interesting that the dollar has risen againt the euro. Of course the minions in the US governemnt are slapping themselves on the back trying to convince the
American people that this is a sign of new strength of the US dollar as well as a s ign that the the economy is turning around.
The truth is the dollar hasn’t risen, the euro has dropped due the financial woes of Greece.
Soon it will become apparent the the situation is stabilizing and guess what…you guessed it, down will come the dollar.
It should also be pointed out that the USA government WANTS the US dollar to drop.The reason is simple, the $3.4 trillion that it owes China et al is owed in American dollars. So, the lower the dollar drops, the less the USA has to pay back. This is the reason why the US government has transferred billions of dollars into other currencies.
Don’t be fooled by thier tactics, divest yourselves of US dollars and do it fast.