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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
will reach 80 when ECB goes belly up.
In parallel to this stocks and commodities will fall and fall.... and commoditiy currencies accordingly. I assume AUD will lose much more then CAD.
One should start to sell gold bullions for USD cash.
As ECB is already bankrupt EUR will NOT replace USD.
Rather, USD will replace EUR. Say, when it comes down to dust as ECB goes bust, 1 USD buys 20 EUR.
Blame CHF on Greece parking 200 bln there and Russian tax evasion Oligarchs but not as anything else.
And yes, sell anything you have gold and even more euro for greenbacks...CASH. Yes cash.
No bank account.