"Euro will be dead in five years"

[Skybird]

http://www.telegraph.co.uk/finance/f...ive-years.html

Let's hope so. The final crash-down will hurt and will do a lot of damage. But better an end with horror, than a horror without end.

Four of the economists said that despite the wider suspicion that Greece or some of the weaker economies may be forced out of the currency, the most likely country to leave would be Germany.

Well, that part I will not believe until it happens. Germans are so eager to prove they are the friendly euroopean neighbour and no longer the bully of the block, that it makes them stupid beyond suicidal tendencies. Which is especially true of it's politicians. that the EU commission openly pushes the project of turning the currency union into a transfer union and a club of solidaric debt-sharing, so far has triggered only remarkably little protest from the governmental parties, and the opposition as well.

The fourth case against the 750 billion bailout project has just been filed at the German Constitutional High Court. All four cases are still open. The question is whether or not the court will allow to get intimidated by governmental pressure, or will follow the laws of the Federal Republic of Germany, and it's Basic Law. From a legal point of view, the issue is clear, and this bailout must be considered illegal and incompatible with the German constitution and the sovereignity of the German parliament, and state (assuming of course that soveriegnity still has any meaning anymore in Euroland, which from a EU-commission point of views simply is not the case)

economists say that while years ago they saw a drift of investors and stockholders away from the dollar and towards the Euro, the euro currently gets abandoned en mass (what a surprise). Part of the people "in panic" go back to the dollar (a big mistake in the long run), but a majority seems to flee into other currencies (and gold, of course, which currently is not so attractove anymore due to the high price niveau and solid gold haveing become rare).

Funny. Years ago I had a clash with Subman who now is long since gone, over gold. He laughed when I said that I had made some minor investements into solid gold (the only way to make business with gold, if you ask me, just some "Kaufoptionen" in times of trouble are worth nothing), as a final iron reserve for times of real drama and emergency (meteor impact, nuclear war, world epidemic decimating mankind, stuff like that ) He said that there is no profit to make from trading with gold, and no interest worth the name. I said that you do not buy gold for doing such things, but to have a solid iron reserve that in case of emergency you can trade for substantial items and goods even long after stockmarkets have gone down the drain and printed banknotes are worth nothing anymore.

Additionally, the price of gold since then has more than doubled. That means I have doubled my wealth as far as I had invested it into gold. Gold prices need to fall by 65% comparted to the present, before i would have made a real loss. I will never trust in just some printed papers.

However.