ANARCHY STATE: Eurozone Collapse a Controlled Demolition

[marmar]

Run time: 10:58 https://www.youtube.com/watch?v=Je3eMpRGx70   Posted on YouTube: November 28, 2011 By YouTube Member: cgreene34 Views on YouTube: 303   Posted on DU: November 28, 2011 By DU Member: marmar Views on DU: 1131

 

[onwardsand upwards]

1. Thanks for the warning ...

However, international monetary agreements have failed before, without global economic collapse. The Bretton Woods agreement, where most curencies fixed their value relative to the US dollar, and the US dollar fixed its value relative to gold, held from 1945-1971 (when Richard Nixon pulled the plug).

Over that period, many countries encountered financial crises, it was just a regular event. That's why the IMF was created in the first place.

The collapse of the Bretton Woods agreement was just another crazy event of the 1970s. Countries floated their currencies and life went on.

The collapse of the Euro would be dramatic, but not apocalyptic.

However, you're right that who loses most will depend largely on the actions of politicians. To see who they really serve (the people or the powerful), watch to see whose economic interests their actions (never mind their words) protect...