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"Germany" "lives in separate realities"

Euros will be short lived now, and the reality will catch them once the DM get to more appropriate 2 USD or 2 Francs.

Euro as a even worst Gold Standard could very well manages to bring wars back ( remember that Austerity was the talk of the day in France circa 1936, Germany being freed from GS, was investing like mad in its industrialisation, getting far ahead of its "masochistic" neighbour)

by fredouil (fredouil@gmailgmailgmail.com) on Tue Feb 10th, 2015 at 12:07:20 PM EST
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If I recall correctly, France was late to leave the gold standard because it had devalued the Franc wrt gold before returning to the gold standard, while the UK overvalued the pound, possibly thinking that asserting the old value as the new would make it so, which it did not. As a result gold flowed out of the UK and gold flowed into France as French exports were more competitive under gold. But that became a hollow victory when the UK, Germany and the USA left the gold standard.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 10th, 2015 at 11:37:11 PM EST
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