Skip to comments.Adam Fisher: Big Chance Euro Zone Will Devalue or Dissolve(65% chance?)
Posted on 05/14/2010 5:23:50 AM PDT by TigerLikesRooster
Adam Fisher: Big Chance Euro Zone Will Devalue or Dissolve
Thursday, 13 May 2010 01:01 PM
By: Forrest Jones
There is a 65 percent chance euro zone countries will allow their currency to devalue or dissolve and everyone does their own thing, says Adam Fisher, Co-founder, CommonWealth Opportunity Capital, a Los Angeles Hedge Fund.
Europe spent $140 billion aiding Greece, a figure that could have been a lot smaller had the rescue come months ago.
Plus, other countries such as Spain and Portugal are going to come asking for help as well, Fisher says.
We're horribly bearish about the options and likely outcomes, Fisher tells Barrons.
We've added further short positions in the euro, and added U.S. Treasuries and gold.
For Fisher, there are three types of markets today. Those like the United States and the United Kingdom, which have debt problems but ways to get out of them and are improving.
(Excerpt) Read more at moneynews.com ...
Think how badly the EU will crash when they think we are inproving... they believe the lie. They will believe anything.
The solution will be a succession of devaluations that in total add up to global inflation. The national (and state)debts will be inflated to a manageable level and prices will rise.
When the dust settles, the price of gold, silver and oil will reflect reality
Yeah, one ounce of gold would be equal to truckloads of 100 dollar bills.
Liberal Free Trade Globalism does not work....no matter how much US taxpayer $$$ you throw at it.
Amazing that a couple of years ago you had some in the US pushing the Amero and the North American Union....sick people
I guess the EU and the Euro crashing may put and end to all the Amero and NAU talk....then again, Liberal Free Trade Globalists are the dumbest, stupidest group of people out there. At least some Communists have figured out Communism does not work
more likely there will be no way to “price” gold and silver in “dollar bills”, any more than you can price then in strips of toilet paper.
At least TP will have a good use.
The Euro always seemed to me to be a wet dream of France for local hegemony and a tweak at the US. I guess the thrill is abating.
Don’t bet on it.
There is a story on Drudge this morning quoting the head of the Bank of England in which he insists the only way to save the world’s economy is to have a world banking system.
In other words, the EU and the euro on steroids.
Progressives/socialists/Marxists, whenever their ideas fail always insist that the only reason for failure is that they did not go at it on a large enough scale.
Protect your privacy. Replace Google with IXQUICK at www.ixquick.com.
If we do not wish to lose our freedom, we must learn to tolerate our
neighbor’s right to freedom even though he might express that freedom
in a manner we consider to be eccentric.
When the Euro and the economies in Europe collapse, there will be nobody to blame except Obama!
The EU was established to be economic competition for the bully USA. Now the USA is helping bail their socialist asses out? Great thinking, supreme one nobama. Great thinking. nobama...you are the perfect one. Sheer genius.
I don’t think anyone has ever attempted anything like un-doing the Euro Zone. That is going to be a very interesting exercise if they attempt it.
Can’t install a one world currency if all currencies aren’t first devalued and done away with...
So, devalue them but also prop them up by the U.S., for just long enough til each one is done, the U.S. probably last....then boom, one world currency, one world government, one world religion....
Come out of her My people...
The first requirement of a succesful revolution is the destruction of all competing revolutionaries. That extends to economics..destroy all competing economic systems and socialism “works” by default...