The vultures are out and about! The concerns about the impending bankruptcy of Greece draw more circles. The euro zone is located in a first major test since the entry into force of the Lisbon Treaty. The southern European attempt to use a financial sabotage to stop the train of the super-state and thus the invocation of the smaller nationalities will promote probably unsuccessful. Chancellor Angela Merkel conjures therefore with more and more strongly the EU economy, government, the next major step towards a world government official and public. The world currency is once again becoming the focus of public attention. The fluctuating exchange rate of the euro, the tumbling indices, the weakening dollar bill, the pressure Obama to upgrade the ¥ en, the increasing governmental and non-governmental gold reserves and the rapidly declining confidence of the citizens, investors and investors - all of which could herald be for a speedy reform. also urges the pressure from Brussels in this direction seem the threatened sanctions against indebted countries are not an effective means to, but more of a laughing stock. A hard line of the EU, some countries can not or are no longer propped up long time - whether in finance or in general economic sector. Therefore, a collapse seems only a mere matter of time. Another problem is that only Greece has about 170 billion euros of debt with German, French and Swiss banks and therefore a spin-off would not particularly useful, as is a failure to support is linked with fatal consequences.
The European single currency is already almost on the edge. The Federal Finance Minister Dr. Wolfgang Schäuble, but does just as if the problems Athens has nothing to do with the euro zone would have - the dangers are apparently overlooked or misunderstood. Or ignored? Just as the debt of Germany - with around one billion euros and an annual interest burden of 40 billion euros - and continue to overlook government bonds are issued to private investors.
surprising thing: the Greeks have now forced managed (71.5%) - also behind the threatened bankruptcy of the Portuguese (83.3%) - proportionately the highest gold shares to the foreign exchange reserves. The United States (68.7%) and Germany (64.6%) are in these statistics only ranked three and four. The amount of the precious metal is, however, this proportion (1st place: the U.S., with 8133 tons, place 2: Germany by 3408 tonnes and 3005 tonnes of IMF imposed 3rd place) and so appears not even to Greece among the top twenty. A trend - at least - is clearly visible: The rise gold purchases, the price of gold rises and the currencies are losing their purchasing power.
While the Government of the Member States to this - almost banal - plague worries are elsewhere more concerned about the declines of the currencies: China worries that the United States, its debt could get rid of a dollar crash. The "housing bubble 2.0 or feared by U.S. experts next Mega-Crash forecasts can be more clear and dark be. Although Washington is alarmed, but widespread optimism and "always loud ticking time bomb" can be economic experts strongly doubt the end of the forecast recession. This is expressed so much on the dollar, that the deliberations will quickly urgent to evaluate the price of gold to the world in €. But be careful here, because: Analysts fear - to the horror known deficiencies that uncovered lies and deceit affair between Goldman Sachs, and threatened states, and by anxious investors - a currency crash and the euro zone. More and more often the question is asked how long the interest rates probably remained so low.
logical consequence of so many bad news actually this seems to be a world currency. There would be hopefully smaller fluctuations, more uniform purchasing power and the same common progress. But we should give the dominant estate and the strongest leverage our society really in a hand? Should not take place before a change in the thinking of the people before we build in the current, human mentality dictatorship or a currency can be set up? Is the global currency in the near future possible? It seems top-to date - key point: special drawing rights. Not entirely serious names, like "Globo" or "GLOBET" but already discussed seriously. The IMF, which would rise to the World Bank is already the Favorite enemy of the global justice movement. Joseph Stiglitz, economist and advocate of world currency, is glad that "the most important issue at all" made it into the final declaration of the UN financial summit in New York, because many countries are affected by the world monetary system. "The global debate is a big step forward."
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