We live in turbulent times the last few weeks Europe has lurched from crisis to crisis.
Today even Germany is taking a bit of a hammering.
I have to say this smacks of the old European Exchange Mechanism, this was bet against by the markets costing governments millions most of which went into profit for bankers and gamblers.
I cannot help but think that this is someone betting against the euro. Someone trying to make a lot of money out of the governments break the Euro pocket the coin regardless of the consequence.
I can see a few countries that might be pleased to see off this new kid on the block. America got very jittery when Iraq threatened to deal it's oil in a then more stable Euro. So annoyed they went to war and euro sceptic Britain followed like the poodle.
The thing that is bewildering in this is that the real dodgy dealer is Uncle Sam. Their sub prime mortgages took the financial world apart in 2007, when the world wakes up to how much more America owes than it earns, There is going to be some serious questions asked - with no proper answers out there.
Greece is viable compared to the States.
The interesting thing about this is that it dates not from profligate Democrats but from George Bush and the republicans who decided to cut the taxes of the rich.
Big things happening in Europe with big decisions being made.
Britain is independant or was that isolated, you chose the term. It could have been tough on us inside the Euro, outside we are at the mercy of the markets.
And since when have they ever been merciful?
Of course where they miss the plot is the bottom line.
At the end of the day we can all say:
Well actually we do real work - it's time for you to join us.
Get paid like we do
and pay taxes.
R
Today even Germany is taking a bit of a hammering.
I have to say this smacks of the old European Exchange Mechanism, this was bet against by the markets costing governments millions most of which went into profit for bankers and gamblers.
I cannot help but think that this is someone betting against the euro. Someone trying to make a lot of money out of the governments break the Euro pocket the coin regardless of the consequence.
I can see a few countries that might be pleased to see off this new kid on the block. America got very jittery when Iraq threatened to deal it's oil in a then more stable Euro. So annoyed they went to war and euro sceptic Britain followed like the poodle.
The thing that is bewildering in this is that the real dodgy dealer is Uncle Sam. Their sub prime mortgages took the financial world apart in 2007, when the world wakes up to how much more America owes than it earns, There is going to be some serious questions asked - with no proper answers out there.
Greece is viable compared to the States.
The interesting thing about this is that it dates not from profligate Democrats but from George Bush and the republicans who decided to cut the taxes of the rich.
Big things happening in Europe with big decisions being made.
Britain is independant or was that isolated, you chose the term. It could have been tough on us inside the Euro, outside we are at the mercy of the markets.
And since when have they ever been merciful?
Of course where they miss the plot is the bottom line.
At the end of the day we can all say:
Well actually we do real work - it's time for you to join us.
Get paid like we do
and pay taxes.
R
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1 comment:
all this and the value of the euro is fairly constant...one wonders what they are all up to.
We just have to keep heads down and carry on
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