For once the reality agrees with me know I can be happy neither proud and I
am not able to because the fact that is happening that it is not another that
the euro has returned behind something like that as 15 years with what
demonstrates that the whole road made up to now to the crazy thing has been an
absolute manipulation and don't unite economic reality, and the worst thing of
all this it is that now the "euristas" will have to pay all that we
wear out thinking that the euro was really worth 1.4 dollar.
The community foreign currency debuted in January of 1999 with a crossing
of 1,1747 dollars. Today the road free to the BCE to buy sovereign debt
deflates the rate of the euro below this level. The fall of the euro reaches in
today's session a psychological barrier: the 1,1747 dollars with those that
began to quote in their premiere, in January of 1999.
The election of the euro like one of the clearest bear bets for 2015 is
based on great measure in the almost opposed directions of the monetary
politicians in the euro area and in United States. While the Federal Reservation
finishes for next month’s a first adjustment to the rise in the types of
interest, the European Central Bank could announce next week the setting in
march of the prospective program of purchase of sovereign debt.
The entrance in negative rates of the inflation in the euro area would
accelerate the intervention terms foreseen by the BCE, with the objective of
bringing near the IPC to its objectives, next to 2%. But my readers know my
theory that I continue maintaining for me the devaluation of the euro it should
contribute to the re activation of the industry and the consumption economy in
the euro area for it they have always read me that the BCE should devaluate the
euro by means of the setting in circulation of but Eurus but there is no way
the BCE what goes he is necessary to make it is to buy sovereign debt with that
that until the states non redo their deficits the society won't find out alone
of the bad part of the devaluation that is to say ascents of prices in the
whole consumption.
This is this way because the alone BCE has a mission that is that the
inflation this in 2 % annual as now it is in -0,1% it is clear it is necessary
to go up the prices 2% and this naturally is gotten moving away Eurus of the
consumption to buy that clear sovereign debt the consequent reaction it is that
the state debt lowered with what its function will be the one of maintaining
the current revenues they will decrease this way the deficits at 0 such and
like Germany wants, but among so much to the included consumers the Germans
everything will go up us of price.
The perspectives of a turnaround of the inflation also collide with the
growing collapse of the petroleum, and with the weak forecasts of growth in the
euro zone. Today the World Bank has clipped its estimates of GDP for 2015 and
2016, due, mainly, to the control in the euro zone, in Japan and in several of
the main emergent economies. There is no way like they come the mission of the
politicians and the official economists it is not to facilitate the economy to
the society but just the opposite
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