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Forget the US

By: Cactus Flower in ALEA | Recommend this post (0)
Mon, 08 Aug 11 9:35 AM | 57 view(s)
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seems like Europe has bigger problems.

I think the likely outcome is the end of the Euro. So better to pre-empt forced failure by doing it voluntarily and letting national currencies float.

If China would also let its currency float then perhaps the price of money would reach a more stable equilibrium. That would be one problem removed, at least.

Looks like we are in trouble again. Yikes.




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