Euro doomed to fail?

John Maulding often has some good opinions and thoughts to offer. I don’t always agree with him but…

http://www.marketoracle.co.uk/Article8639.html

Also note the reference to a New World Order by way of a common world currency. Of course, if you’ve followed my rants, you know that introducing a new currency is nothing but a way to induce inflation by stealth. Inflation (i.e. currency devaluation) by any other name = New Currency.

“Another possible outcome, which you hear almost no mention of, is the possibility of a new Transatlantic currency. When I mention this possibility, everyone laughs, but think about it for a second. The economic crisis on both sides of the Atlantic is enormous. Both are resorting to the same formulas – large fiscal stimulus and quantitative easing (a word invented by central bankers because ‘printing money’ smacks too much of Zimbabwe). There is a real risk that the entire financial and monetary system on either side of the pond needs to be re-designed. If that were to happen, I am pretty confident that the Fed and the ECB would at least sit down and discuss the possibility of a joint currency. That would also allow the UK to join a currency union without too much egg on its battered face.”

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