|
PureBytes Links
Trading Reference Links
|
When the Saudi's price oil in the Euro and not dollars, I'll believe it,
otherwise....
Kevin Campbell
In a message dated 2/13/99 7:04:11 AM Central Standard Time,
lissen@xxxxxxxxxxxxxxxx writes:
> As investors we should concentrate on the economic and long term
> implications of events on the political scene. The charade in Washington
> is an example of the greater stupidity of one political party over another.
> Seducing or being seduced by women has never been considered an impeachable
> offense. If it were, almost all of our presidents would/could have been
> impeached.
>
> The Brits are making the same mistake about the Euro that they made about
> joining the European Common Market back in the 1950's. Back then, the
> Europeans were so anxious to get Britain in that they were willing to make
> many concessions to Britain. When the Brits finally realized that it was
> in their interest to join the Common Market, De Gaulle humiliated them by
> vetoing any special concessions to them.
>
> Now its the Euro. The Common Market and a common currency is leading to a
> united states of Europe. Every country will have less sovereignty than
> before, but better conditions than existed before. Just as in this country,
> Texas "lost" its independence to become part of the US, so will Britain
> "lose" more of its independence by accepting the Euro.
>
> Our leaders should move quickly and intelligently to protect and enhance
> the position of the $ as the reserve currency. Since recent events have
> shown that our political leaders of both parties are neither very
> intelligent nor able to move quickly, the Euro is destined to become the
> reserve currency. In the 19th and the first half of the 20th century the
> British pound was the reserve currency, in the second half of the 20th
> century the US dollar became the reserve currency, in the 21st century it
> will probably be the Euro.
>
>
> Lionel
>
|