Monday, November 26, 2007

The Euro Is Too Rich For Europe

Elaine Meinel Supkis at Money Matters has been on a roll. Here's her latest:
Questions about the survival of the euro rise. From its inception, people have doubted the euro could last long as it is run by a very lose confederation of nations that has grown rapidly in size as Europe's main imperial powers seek to draw in all of Eastern Europe and even more distant places. But since this banking system isn't run by any one dominant person, is has no focus and is an easy victim for outside currency manipulations by countries whose central banks are ruled very closely by the powers that rule these countries, namely, Russia, Japan and China. And the kings in the oil kingdoms who have total control over their banking affairs. Time to see how the present international banking collapse is faring in Europe....MORE
Here are some of her other posts: