Monday, May 24, 2010

The Decline of the Euro

Just one year ago, the euro, we were told, was going to be the world reserve currency. Today, a prominent US Senator predicts the death of the euro. Which is it?

Or is this just an orchestrated attempt of Europe to increase their exports to the US by making their goods cheaper here?

Or does the 20% decline in the euro to the dollar have sinister motives from currency traders such as George Soros?

Who knows anymore.

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