[Skybird]

"Money" is a standardised quantification of "value" that society holds consensus over. That's what makes rewaly assets like property or gold more important (and crisis-proof) than "virtual" money, like bank numbers or printed notes and coins (as long as the latter are not made of silver or gold themselves).

And if there ever will be a global doomsday scenario affecting all the world, that killer rock falling down from the sky or a big war, then it will not be toy assets like dollars and euros people use for trading and chnaging, but real items and, if they can afford it, gold, diamonds, and the like.

Dollar and Euro cannot be trusted anymore. Bad news is that the fleeing of many investors into foreign currencies like the Swiss Franken has hollowed out these currencies as kind of safe havens as well, and by that have started to damage the Swiss economy as well. In the past three years, the Franken went dsown from ov er 1.60 per 1 Euro, to now 1.10 per Euro, and still falling. For Switzerland, this means deeply worrying economic and financial problems.

That way, Euro and dollar can ruin other,. so far stable currencies as well, pulling them down along with them. I fear that the Swidsh Krona may be the next.

In switzerland, the camp, so far still a minority, being insane enough to want to join the Euro, is growing. I have my doubts that a mjaoirty of the Swiss people will ever vote for that in the forseeable future, but if they would, this would turn Switzerland into a netto contributor to the transfer union the Eurozone as a matter of fact now is, thanks to French pressure and German cowardice to stand up against that. I do not give the Euro any longtime surviving chance anymore, but as I see it, it will not be given up before it has maximes the utmost possible damage to European economies, especially to thsoe that currently still are seen as relatively strong. Not before the last netto contributor has been ruined, they will give it up, I fear. Because doing so would mean to admit that the Euro and its hopelessly premature timing and corrupted ruleset was a giant mistake. and as we all know, most politicians are turning into monuments of righteousness when needing to admit they were wrong.

Will not be the first attempt stalling to install European currency unions in Eurpean history, there hjave been several. But none of them went so far like the Euro, and none of them were so damaging and costly.

Bernanke is a zero. I personally think he got totally lost in too reality-disconnected theories, and - like many - just hoping for miracles out of nowhere. He should have become a newspaper printing machine operator. Printing paper that one day later gets put into the bin is something he is really good at.

Beyond that I hope that people start insurgencies and uprises against European governments and force them to quit on the Euro, and that more countries follow the example of the Swedish Reichsbank and prohibit trading with American credits and bonds. An utopiuc drea, I know. But at least dreaming must still be allowed in this politically corrected dictatorship.