The Euro has tumbled 5% since the beginning of November.
Its been blatantly obvious for at least the last two years that the EURO is going to collapse completely.
Increasing Mass Unemployment across Europe was worsened exponentially by the EU,s decision to allow mass immigration when there was no work for Europeans let alone millions of uneducated dangerous immigrants. Portugal, Spain, Italy, Greece, France, Sweden, and even Germany now have huge economic and social problems to deal with, and still the immigrants are allowed to flood in.
The ECB has been creating money out of thin air, they call it “quantitative easing”, In other words printing money, for a while. Couple that with negative interest rates and things don’t look rosy for the euro.
By pumping money into the system they hoped to stimulate growth in the Eurozone, it hasn’t worked. The bail out money given to Greece is simply money created out of thin air by the ECB. All that has done has put Greece further into debt.
The Euro has been artificially propped up for the last 7 years with various schemes and fixes by the European bank. It should have been devalued when Greece had its second collapse and before the debacle in Cyprus happened.
It’s a Ponzi scheme which eventually will crash. The EURO is going to crash through the floor very soon and will lead to financial disasters on a scale never witnessed before.
|Juno for your news|
|You cannot trust the mainstream media|