THE EUROZONE IS DETERMINED TO GET OUT FROM UNDER THE DOLLAR BASED "POX AMERICANA" OF THE OLD BRETTON WOODS SCHEME...
MY HUNCH IS THAT THE EUROZONE WILL HAVE TO FORM IT'S OWN "NEW BRETTON WOODS" THAT EXCLUDES THE AMERICANS...
AMERICANS WILL NOT BE READY TO JOIN THE WORLD ECONOMY FOR SOMETIME AFTER THE DOLLAR COLLAPSE KICKS IN...WHICH IT MUST TO END THE CURRENT CRISIS...
GERMANY AND RUSSIA ARE ALREADY FORMING A KEY ALLIANCE...
AND OTHER EURO ZONE ECONOMIES WOULD BE WELL ADVISED TO FIND A "NEW WAY" TO DO BUSINESS...WITHOUT US INVOLVEMENT...
AMERICA AND AMERICANS ARE GOING TO BE IN THE ECONOMIC INTENSIVE CARE UNIT FOR AT LEAST TEN YEARS...
AND EVEN THAT WOULDN'T START UNTIL THE FUNDAMENTAL PROBLEMS WITH THE DOLLAR ARE RESOLVED...NOT TO MENTION SIMPLY RECOGNIZED!!
... AND BY THAT I MEAN THE AMERICAN STRUCTURAL TRADE DEFICITS...BUDGET DEFICITS...AND THE HYPER-INFLATION CAUSED BY THE COMING "SERIAL BAILOUTS." ALL OF WHICH ARE UNSUSTAINABLE AND VIOLATE ALL LAWS OF MACROECONOMICS.
SADLY NONE OF THIS IS DISCOUNTED ...OR EVEN RECOGNIZED IN THE MARKETS AT THIS POINT...
