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Old 02-17-2011, 13:40   #1
GratefulCitizen
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Join Date: Aug 2007
Location: Page/Lake Powell, Arizona
Posts: 3,445
Collapse of the Euro?

Add some economic chaos to Europe.
Mix in a large muslim immigrant population.
Season with news of muslims overthrowing governments around the world.

Sound like a recipe for world war 3.

http://www.thedailybell.com/1690/End...Own-Notes.html

Quote:
<snip>
Now comes Ireland. In news reports that have thus far not attracted much attention, the Irish Central Bank has been printing euros out of thin air to prop up its ailing banks. The whole of Europe will pay for this action, as the result will be increased euro-zone price inflation. We can only imagine the reactions of Germans if this continues – though apparently the Irish action is legal from the EU's standpoint so long as the ECB is "informed" in advance and approves.

<snip>

What Ireland is doing is a stopgap measure; one also apparently intended to staunch capital flight. But we have to wonder now that Ireland has set the precedent, who will be next? If the bailout fund is not expanded, or if the requirements prove continually onerous, are the Greeks and Portuguese going to begin to print euros as well? What will the Germans and other Northern EU countries think of that? Such actions undercut the EU's entire modern rationale. It smacks of desperation.
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