Sunday, February 28, 2010

Dollar vs Euro

George Soros is creating a stir. Despite all the money printing in the US, with the current crisis in Greece and the dooming bankruptcy of countries like Greece, Spain, and Portugal, suddenly the bottom is dropping out of the Euro. Soros is predicting a Dollar Euro parity. Who would have forecast that. Sure, the European problems are large, but the money printing in the US seems far larger to justify a parity. The only thing that seems clear and certain, both currencies are and will be strongly devalued.

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