British Elections and Freegold
Posted by Ivo Cerckel on May 8th, 2010
The elections for parliament in the united kingdom of Northern Ireland and Great Britain this week have given no outright majority to any of the three parties.
The smallest of the three parties, the liberal democrats, will decide whether they will form the guv’mint with labour or with the conservatives.
Nick Clegg, the leader of the liberal democrats, is in favour of joining the euro. (1)
As FOA,
the gentleman who pointed out that the Euro Freegold system is designed to withstand the failure of a currency or an economy within the EU,
said a decade ago in the Gold Trail:
The moment England is seen as even a “virtual” member of Euro club; world will jump on gold available at whatever dollar amounts (2)
Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/
NOTES
(1)
Nick Clegg: We should consider joining the euro
The view that Britain’s economy is a cut above is about to take a terrible battering
Monday, 26 January 2009
http://www.independent.co.uk/opinion/commentators/nick-clegg-we-should-consider-joining-the-euro-1515755.html
(2)
The moment England is seen as even a “virtual” member of Euro club; world will jump on gold available at whatever dollar amounts
( FOA (10/25/01; 17:19:54MT – usagold.com msg#125)
More Thoughts and Comments from the Trail House
in;
The Gold Trail: The Message of an Evolving Market…
http://www.usagold.com/goldtrail/
No related posts.
May 8th, 2010 at 19:40
The Euro Can Survive a Greek Default
Greece’s economy would collapse, but the contagion is containable
BY DANIEL GROS
APRIL 29, 2010
http://online.wsj.com/article/SB10001424052748704423504575212282125560338.html
SNIP
In many ways, a Greek default would leave the euro zone in better shape. Its institutions would probably be strengthened, because it would have become clear that the framework is strong enough to withstand the failure of one of its members
De Gucht not worried by plummeting Euro
Belga Thu 06/05/2010 – 11:40
http://www.deredactie.be/cm/vrtnieuws.english/news/100506_De_Gucht
SNIP
The European Trade Commissioner, the Fleming Karel De Gucht, has said in an interview with the German daily ‘Süddeutsche Zeitung’ that the fall in the value of the Euro against the Dollar doesn’t give him great cause for concern. The value of the European single currency has fallen in recent days as a result of the crisis in Greece.