Are we witnessing the begin of the end of the Euro and the Eurozone right now?
Or can this currency survive?
In my opion there's no chance that this currency can survive, because there are too many economies with different productivities and financial systems involved.
It doesn't help that most countries are encumbered heavily with debts for many years to come. Even the biggest economies are still making new debts year by year.
We live on a money & debt bubble that has no real equivalent value in goods, resources, immovables, valuables… . Call it the the speculator's bubble - how to create money without creation of value (net product).
My opinion: This bubble will blow up.
What do you think?
Or can this currency survive?
In my opion there's no chance that this currency can survive, because there are too many economies with different productivities and financial systems involved.
It doesn't help that most countries are encumbered heavily with debts for many years to come. Even the biggest economies are still making new debts year by year.
We live on a money & debt bubble that has no real equivalent value in goods, resources, immovables, valuables… . Call it the the speculator's bubble - how to create money without creation of value (net product).
My opinion: This bubble will blow up.
What do you think?
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