High Finance

A Trillion Dollars will be flung down the great toilet of the Euro problem. It started in Greece and has spread all over Euroland. The Euro is under attack from speculators forcing it down in value against the Dollar,Pound and other currencies. Therefore more and more Euros have to be poured in just to meet the original need estimate. The lower the Euro goes the more has to be found.

What a paradox.

Britain is not in the Euro scheme but has been asked to prop up Greece. So as the Euro falls in value our Pound buys more Euros. However as the Euro falls more are needed and Britain must buy more and therefore invest more not less.

So currencies are just a joke now and Gold is going "mental." It has now reached 1220 dollars for an ounce of Gold!!!!!

So if more and more investment in Euros and more and more Euros are needed, which are falling in value, money is being thrown down not one but two toilets! As European Governments have agreed to save Greece it gives speculators carte blanche to attack and drive down the value of the Euro resulting in more and more Euros being required. Then there is the interest on the loans that Greece are getting. Greece is bankrupt so how can it pay back these huge loans and interest??? Default looms large on the horizon!

By agreeing to back Greece, Europe has followed it down the toilet. Spain, Portugal and Eire all have huge problems and could be the next dominoes to fall. Britain is not far behind and suffering a lot, currency wise, with this "Who will be the Government" uncertainty. An interesting financial Summer beckons with riots and discontent all over Europe.