Wednesday, August 3, 2011

The Best Laid Plans of Mice and Men

European Union was always doomed, as we predicted on the original Vault-Co site in 1998. The euro has become a very dangerous spear aimed at the economic heart of every single nation which insists on honoring this funny money.

1 comment:

Anonymous said...

Gotta remember who runs the ECB. If you fought two wars over thirty years against four different endless empires (France, UK, US, USSR) and lost you'd probably get a heck of a lot smarter about getting your way in the future once the smoke cleared. If I'm right the guys who lost WWI - WWII, better known as the siege of neanderland, will wait till PIIGS bonds are selling at ten cents on the dollar and then buy with cash on the barrelhead. At that point they become senior bondholder to most of southern europe. That is called winning a war without firing a shot. Or better yet, they lost both wars and won the peace.