As Euro Slides, Strategists Cut Forecasts

The Wall Street Journal ^ | 23 Jan 15 | Tommy Stubbington and James Ramage

[SkyPilot]

Rip up your euro forecasts.

A day after the European Central Bank unveiled its bond-buying program, the single currency still was in free fall, blowing past analysts’ expectations for how low the euro can go.

Some investors now say the euro could fall to the point where it is on equal footing with the U.S. dollar for the first time since it climbed above the buck in late 2002. “If you would have asked me a few months ago, I would’ve said that parity could be in the cards in the years ahead. Now, we can’t rule it out anymore even by the end of this year,” said Thomas Kressin, head of European foreign exchange at Pacific Investment Management Co., or Pimco, which has $1.68 trillion under management. Late Friday in New York, the euro fell 1.4% against the dollar, to $1.1206, on top of a 2.1% slide the day before. It is now down 7.4% against the dollar since the turn of the year and is at its lowest point in more than 11 years.

[SkyPilot]

The corrupt powers that be are "creating" and now "buying" money that is nothing but hot air and a lie.

The term (like many financial terms) "Quantitative Easing" was invented so that is sounds scientific and based on physics or engineering. In reality, the entire charade is nothing but 3 Card Monte.

The EU Central Bank is moving decimals on computer screens, just like the Federal Reserve. The Euro, like the Dollar, will eventually be devalued so much that massive inflation (well beyond the inflation we have seen for the last 7 years that everyone in government denies we have) will explode.

[Old Retired Army Guy]

As the Euro falls, the breakup of the EU wont be far behind.

[ronnie raygun]

Stupid Americans! europe is the mirror, we have a real live lesson in play and no one is watching right down to the islamitization.

[saywhatagain]

Interesting. First it was the Russian Ruble collapsing.

We expected the dollar to collapse after 4 trillion dollars printed due quantitive easing.. Now Europe can not print currency but they can print bonds for their QE and the Euro collapses as planned.

Yup no manipulation there, eh?

[SkyPilot]

Here are some more financial terms (like Quantitative Easing) that these charlatans have dreamed up. They are copied from the hard sciences, and deliberately invented so that they sound authoritative. Notice the words "absolute", "critical", etc. They even employ religious terms such as "covenant."

Absolute Advantage Absolute Auction Absolute Beneficiary Absolute Breadth Index - ABI Absolute Exclusion Absolute Frequency Absolute Interest Absolute Percentage Growth Absolute Performance Standard Absolute Physical Life Acceleration Covenant Acceleration Life Insurance Acceleration Principle Accelerative Endowment Accelerator Theory Convertible Subordinate Note Critical Mass Critical Path Analysis Quantitative Easing Quantitative Easing 2 – QE2 Quantitative Trading Systematic Sampling Wealth Psychologist Objective Probability Natural Hedge N.V. (NV or Naamloze Vennootschap)

It's all a paper thin lie. The Central Banks have manipulated everything, and now we have unstable, debt based currencies. The US Dollars (Federal Reserve Notes and Bank Notes) are "backed" by either taxpayer debt or private debt, and it is all a house of cards. The real problem the last few yeas is that the world's markets have basically been "given" massive, massive amounts of money that were created out of thin air by the Central Banks to "stimulate" the economy. And what backed this transfer of Trillions? Government debt.

Eventually, this ticking time bomb will go off.

Say hello to one world currency.

[SkyPilot]

As the Euro falls, the breakup of the EU wont be far behind.

I don't see it breaking up per se, but "reorganizing" under new leadership. Think end times.

[SkyPilot]

Now Europe can not print currency but they can print bonds for their QE and the Euro collapses as planned.

I can almost guarantee that this was the agreement reached by the elite Davos, Switzerland this week. They even announced it to the press before the meeting broke up.

Davos '15: Gates, Soros, Pharrell to tackle crises

[rrrod]

AGREE! Europeans are soooo sophisticated and superior to Americans. Europeans, because they are so smart and intellectual superior, embrace Islam and are thrilled to be dominated. Euros enjoy watching their women and children raped by muzzies...and rumor has it they make make it a Olympic sport.......

[grania]

...they can print bonds for their QE and the Euro collapses as planned

So then what happens? The banks will hold these bonds. Will the impoverished countries of Europe be forced to pay back the bogus money with real money if the Euro collapses? Will the leadership in all the countries comply and not let their countries break loose?

This is economic warfare. If it's WW3, German bankers are winning this time.

[ArcadeQuarters]

> As Euro Slides, Strategists Cut Forecasts

Do economic experts ever “forecast” anything *before* it happens? They seem to live in a constant state of surprise.

[SkyPilot]

Do economic experts ever “forecast” anything *before* it happens? They seem to live in a constant state of surprise.

Ever notice, there are lots of people on television telling you what the markets did yesterday?

[SkyPilot]

So then what happens? The banks will hold these bonds. Will the impoverished countries of Europe be forced to pay back the bogus money with real money if the Euro collapses? Will the leadership in all the countries comply and not let their countries break loose? This is economic warfare. If it's WW3, German bankers are winning this time.

Excellent questions, and excellent point.

My answer is I just don't know.

The Central Banks and the market gamblers have created the setting for a perfect storm of economic chaos. They are doing their very best to protect their friends and themselves. Just last month they convinced Congress to put the taxpayers on the hook for Trillions in the house of cards derivatives.

http://libertyblitzkrieg.com/2014/12/05/wall-street-moves-to-put-taxpayers-on-the-hook-for-derivatives-trades/

Taxpayers are already on the hook for over a Trillion in student loans, not to mentions Trillions in unfunded liabilities.

The PIGs of Europe never had any real money to pay back the European Central banks. Greece was even forced to sell some of its islands.

http://www.metro.us/news/paradise-for-sale-bankrupt-greece-sells-islands-to-stay-afloat/tmWmdu---d1PNBawvURMSw/

[Gritty]

The EU is finished. The Swiss are merely the first to act on it.

[taxcontrol]

Race to the bottom

[SunkenCiv]

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