End of the Euro area by 5 years after Nouriel Roubini

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by moinsdewatt » 21/06/12, 21:50

Obamot wrote:The problem is systemic, it's not the fault of the Euro.

The dollar is in much worse position than the Euro, and the lack of confidence that inspires him and the US debt that is immeasurable ...

So I do not believe it!

(Merkel, do not give up ...)


I quite agree with that.
The US points out our difficulties in being able to divert the world from the problem of their own debts and their perpetual billboard operation.
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Re: End of the Euro zone by 5 years after Nouriel Roubini




by moinsdewatt » 12/05/19, 00:08

Hihi Nouriel Roubini was wrong.

The euro always there.
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Re: End of the Euro zone by 5 years after Nouriel Roubini




by Remundo » 12/05/19, 09:00

moue, always there ... with limitless monetary creation and undemocratic management. Long live the € uro!
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Re: End of the Euro zone by 5 years after Nouriel Roubini




by PVresistif » 12/05/19, 11:29

the Euro becomes a perfect currency for the countries of the South, ie low ...
To keep it it suffices that the countries of the North come out and return to Mark; a change of currency, this is done in a weekend at the time of electronics. 99% of the currency are writings in silicon memories ............
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Re: End of the Euro zone by 5 years after Nouriel Roubini




by Remundo » 12/05/19, 13:40

there were some ideas on the subject of a € uro to 2 speeds, namely a € uro historic hard currency and another devaluable currency for indebted countries ... in short, I fear that it is still a gas plant ...

we could perhaps keep a stable € uro currency and floating national euros (within certain limits) and convertible into € uros, this was the system of the ecu, just before the generalization of € uro in the union European.

finally, do not lose sight of the fact that whatever the chosen monetary system, it is the agricultural and industrial production which makes the wealth of a country ...
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Re: End of the Euro zone by 5 years after Nouriel Roubini




by sen-no-sen » 12/05/19, 14:10

the European Union (and by corollary its currency the Euro) is a consequence of the phenomenon of economic coalescence.
When the energy flows across the thermo-industrial nations increase, the latter agglomerate together to form a set that maximizes the dissipation of energy.
So we went through the ECSC (European Coal and Steel Community) in 1951 whose purpose was to quote: "Massively support the European coal and steel industries to enable them to modernize, optimize their production and reduce their costs, while supporting the improvement of the living conditions of their employees and their reclassification into dismissal case(Or more clearly:grow).
https://fr.wikipedia.org/wiki/Communaut%C3%A9_europ%C3%A9enne_du_charbon_et_de_l%27acier
... To arrive at the European Union its 28 member states and its common currency.
Those who predict the end of the common currency are not mistaken, but we must as for all predictions take into account a set of parameters, one of which, not least, seems systematically eluded by our economists:energy.

It is the energy abundance that has allowed the building of the European Union and it is naturally the decline in the supply of the one that will lead us to a decomposition of this one.
The political trend towards an exit from the euro, to see Europe is not to be demonstrated, and this trend is more and more audible since the last oil shock (2005).
We should therefore note a partial dismantling of the EU at the arrival of the 4th oil shock, that is by 5 / 10 years, difficult to predict the state of the EU at this time, but probably a rearrangement of agreements between Member States and the return to national currencies for day-to-day trade.
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Re: End of the Euro zone by 5 years after Nouriel Roubini




by Remundo » 12/05/19, 19:05

it's an idea, which does not convince me to 100%

the European Union is very emptiness from the point of view of its energy and industrial policies as far as the present is concerned.

Whether it exists or not, I think that we would consume substantially the same amount of energy now, although it is true that the ECSC probably accelerated the industrial boom of the time.

the European Union has become an undemocratic ectoplasm driven underwater by banking and globalist lobbies.
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Re: End of the Euro zone by 5 years after Nouriel Roubini




by Ahmed » 12/05/19, 20:29

Remundo, you write:
finally, do not lose sight of the fact that whatever the chosen monetary system, it is the agricultural and industrial production which makes the wealth of a country ...

We must distinguish between real wealth and abstract wealth (although the former is actually the second). You are referring here to the real wealth, but as the note Moinsdewatt in an old message:
The US points out our difficulties in being able to divert the world from the problem of their own debts and their perpetual billboard operation.
However, the American debts and the production of bogus dollars (but which work like "real"!) Are not a problem for them, but on the contrary a solution, since it is an integral part of their wealth ...
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Re: End of the Euro zone by 5 years after Nouriel Roubini




by sen-no-sen » 12/05/19, 20:59

Remundo wrote:the European Union is just a big vacuum from the point of view of its energy and industrial policies for the present.



Yes, but to govern is to foresee ... outside the EU push the states to privatize (1) their tools of energy production (among others) to a period where it is exactly the reverse that would have to be done ...
Citizens are constantly asking for more state intervention, while the trend is towards systematic disengagement, in particular in favor of the private sector ... a sector advancing blindly, piloted by a sort of "invisible hand" (2 ).

Whether it exists or not, I think that we would consume substantially the same amount of energy now, although it is true that the ECSC probably accelerated the industrial boom of the time.

Whether the ECSC existed or not is not the issue. The principle is that multi-state structures such as the EU are a consequence of increased energy flows.
It is not a coincidence that the "brexit" and other attempts at national emancipation occur during the post peak oil period, one can therefore easily imagine that it will be the continuation of the affair in the event of the 4th oil shock.

the European Union has become an undemocratic ectoplasm driven underwater by banking and globalist lobbies.


This is a logical consequence of the phenomenon of economic coalescence.
The power tends to focus now within monopolistic companies, the latter logically influence in the sense that allows them to maximize their profits, which is not synonymous with democracy.

1) In the frame "a free and undistorted competition policy"! : Lol:
2) Term of the economist Adam Smith.
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Re: End of the Euro zone by 5 years after Nouriel Roubini




by sicetaitsimple » 12/05/19, 21:33

sen-no-sen wrote:Outside the EU are pushing states to privatize (1) their energy production tools (among others) at a time when it's exactly the opposite that should be done ...
Citizens are constantly asking for more state intervention, while the trend is towards systematic disengagement, in particular in favor of the private sector ... a sector advancing blindly, piloted by a sort of "invisible hand" (2 ).

<.... the same citizens demanding at the same time less taxes, less taxes, .... We are just collectively (not individually) spoiled children.
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