
Media wrong again: Europe is about to collapse
Glenn has been relentlessly mocked by the left and others for predicting Europe would not stand -- here's the report from The Blaze: "The Union Bank of Switzerland (UBS) has just released a report titled "Euro Break Up - The Consequences" wherein they predict the death of the euro and the long-term consequences should that occur. The report starts out cheerily enough: "Under the current structure and with the current membership, the Euro does not work. Either the current structure will have to change, or the current membership will have to change." Once again the media was wrong, Glenn was right. Ref. Source 6
Name: HJ
Country:
Comments:About 12 years ago the Euro was the biggest thing out and gave some thunder to US investments. Now look at how it is wobbling. The Euro will now be seen as a shaky investment compared with US which has been standing strong since world war two.
Euro plummets as global oil prices collapse:
The euro has plunged to a nine-year low against the dollar on worries that a victory in Greece by the far-left Syriza party in the January 25 election will result in the country's departure from the European Union. Ref. Source 7
Soaring dollar puts the world on sale for Americans:
The U.S. Currency's value has surged over the last nine months, reaching levels against some world currencies last seen more than a decade ago. In Europe, it now costs just $1.09 to buy one euro, down from $1.37 a year ago and almost $1.50 four years ago. Ref. Source 4
Now that the UK is going to leave the EU the US Dollar will strengthen as the Euro falls. It is likely that anyone who invested in the Euro will be looking to sell it off quickly now.
International Level: International Guru / Political Participation: 3249 100%