EE_
6th July 2015, 06:18 AM
It needs to end.
I was listening to a Princeton professor just a bit ago, he made sense that Greece should reintroduce their drachma.
He explained how Europe is different then the US, where one state in the US with high unemployment could be given more unemployment benefits. Also people in the US are more mobile regarding relocating for work. In Europe, you don't have that. There are different cultures and languages.
So moving along in my mind, the euro needs to end.
Now once all the European countries have their own currency again, and their governments inflate their currencies to try to be competitive, how do people protect themselves from the devaluing currencies?
1. By buying/holding a stronger currency. But since all currencies are phony, they are all subject to being devalued.
This becomes a joke, jumping from currency to currency and paying fees to convert.
2. Hold the universal currency that has been a currency for over 3,000 years, real money, where you are your own central bank.
This is a huge problem for the bankers, which I think is playing out right now.
There is one more option, bitcoin. The question is, how long will it be viable?
I was listening to a Princeton professor just a bit ago, he made sense that Greece should reintroduce their drachma.
He explained how Europe is different then the US, where one state in the US with high unemployment could be given more unemployment benefits. Also people in the US are more mobile regarding relocating for work. In Europe, you don't have that. There are different cultures and languages.
So moving along in my mind, the euro needs to end.
Now once all the European countries have their own currency again, and their governments inflate their currencies to try to be competitive, how do people protect themselves from the devaluing currencies?
1. By buying/holding a stronger currency. But since all currencies are phony, they are all subject to being devalued.
This becomes a joke, jumping from currency to currency and paying fees to convert.
2. Hold the universal currency that has been a currency for over 3,000 years, real money, where you are your own central bank.
This is a huge problem for the bankers, which I think is playing out right now.
There is one more option, bitcoin. The question is, how long will it be viable?