is the euro going to collapse

The_White_Horse

yes or no.

purch

Yes.

See the other thread on EU Treaties.

Mallotum_X

No - too much political will to keep it. Collapse could easily lead to war.

The_White_Horse

i read yesterday that the major banks are preparing for its collapse

Get-real-buy-real

The_White_Horse wrote: »

yes or no.

Of course YES, 100% certain. Same with all other fiat currencies around the world.

Question is how long can they keep these currencies on life support.

Whats the difference between the Zimbarbwe dollar and the US dollar? No difference only a matter of time. Same with every other fiat currency today.

Every single example of fiat currency has 100% failure rate throughout history. In recent history there has been a new monetary system around every 30 or 40 years. The monetary system we are on now started in 1971 when the Breton Woods system ended, which started after WW2.

So we are about the right time for a new system, 40 yrs later again..

Good ideas here.......

http://www.bbc.co.uk/iplayer/console/p00lmvyl

Personally I can't see it happening any time soon, more probable to carry on abusing currency supplies around the world and making the crisis worse.

newDude

The_White_Horse wrote: »

i read yesterday that the major banks are preparing for its collapse

They are required to have a plan B by the FSA.

Mrs_Bones

Mallotum_X wrote: »

No - too much political will to keep it. Collapse could easily lead to war.

I agree about the political will but the way they are going about things by riding roughshod over national sovereignty I think they may be making more war more likely by trying to keep the whole thing together rather than letting it fall apart. Old divisions and hatred is being revived rather than calmed. Greek sentiment towards the Germans is at the lowest point since the last war.

ILW

Mrs_Bones wrote: »

I agree about the political will but the way they are going about things by riding roughshod over national sovereignty I think they may be making more war more likely by trying to keep the whole thing together rather than letting it fall apart. Old divisions and hatred is being revived rather than calmed. Greek sentiment towards the Germans is at the lowest point since the last war.

Which is a little ungrateful as the Germans are paying for the Greeks pensions, public sector etc. whilst in many cases having lower living standards regarding working hours, retirement age, social security et al.

pinkteapot

What would happen to all the euro denominated investment funds?

Mallotum_X

pinkteapot wrote: »

What would happen to all the euro denominated investment funds?

With a total collapse the economic chaos (and possible war) would probably wipe them all out.

I think the investment funds would be the least of anyones worries.

purch

In recent history there has been a new monetary system around every 30 or 40 years. The monetary system we are on now started in 1971 when the Breton Woods system ended, which started after WW2.

:rotfl:

Just by repeatedly typing this nonsense will never make it true.

You can't even spell Bretton Woods, let alone understand what it was, and how it worked.

Perhaps you could explain all of the different monetary systems you allege we have had in the recent past, how they operated and how they differed from each other.