Re: Re: Destinations for Eurozone Capital Flight!



I wouldn’t read too much into the Bloomberg article, the US has been in direct competition with the Eurozone for a decade, fearing that the Euro would knock the Dollar off the top spot as a reserve currency, which is probably what the founders of the Euro intended when they set it up.

They nearly succeeded, until Lehmans brought the lot down and the US held on with Dollar printing while the ECB sat on its hands and watched its southern countries implode. The trouble for the West is far from over, the US’s debt is mind boggling and the Eurozone is hanging on by a thread.

The outcome is anyone’s guess, even gold had lost its lustre. The whole world is shifting money around like headless chickens.