Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
redstar:
And...I think we need a new series - $2.00 Euro.

Series?  That would be a one-off, I think....

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Mon Mar 17th, 2008 at 01:50:20 PM EST
[ Parent ]
Naw, it's going to take more than a couple of weeks. Maybe six months?

As soon as the President McCain is sworn in, Helicopter Ben will be given a golden parachute (personally I think he deserves a golden shower...) into a plum private sector job where he can go back to be with his family more and where he will get his own back scratched after scratching those of half of Wall Street the past year or two.

Perhaps there will be a quick interim period with a chairman who lasts less than a year, like there was between Burns and Volcker; perhaps the Federal Reserve will actually be completely re-organized as it will have been the third US Central Bank to go under. Perhaps Paul Volcker himself will come back to do the same thing hed did almost thirty years ago, which is what the situation will demand.

And if he does, then the dollar will come back. But Americans, in particular those who are not wealthy, aren't going to like what things look like in this case.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Mon Mar 17th, 2008 at 06:24:10 PM EST
[ Parent ]
would not surprise me at all - it is indeed likely to be the best thing to do at some point in the foreseeable future.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Mar 18th, 2008 at 05:56:18 AM EST
[ Parent ]
That'd be hilarious! What a huge indictment of Greenspan. And Volcker is just 9 years older than McCain. ;)

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Tue Mar 18th, 2008 at 08:41:04 AM EST
[ Parent ]

Display:

Occasional Series