It's
eviden that the intention of Draghi of putting into operation the machine
of manufacturing Eurus is the possible salvation of the economy of the UE and
the euro area I know that to Germany he doesn't like but it is that they should
understand that the euro area now is a poor area and therefore if he wants to
save her there is not another solution that to recognize the reality and to
make it poor officially and this is made devaluating its currency otherwise the
deflation it took to the industries banks and all the productive agents again
to the crash.
I
have come him explaining the crisis for some time it is deepened in the euro
area because there is no way to take place competitively in the current world
for two reasons one because we no longer have inventive and it takes us to it
to a poor offer and with a lot of competition, and the other and more important
is that the euro puts it outside of the commercial logic of the added value,
this has caused a depreciation in chain of the whole economy of the UE, they
have closed industries, they have created unemployment, and the Europeans don't
consume for fear and because their products are expensive.
The
test of what I say is the industry of the automobile the vehicles more sold in
Europe they are the oriental of low half range it is that we don't make in
Europe cars of this segment of having bought then if we make but they are
expensive and they don't arrive to the benefits of those manufactured for
example in Japan, it is more some European marks sell its mark manufactured
there, this could not continue we are not able to in the UE to live alone of
AUDI, BMW and Mercedes Benz.
The
avalanche of Eurus that will introduce in the market the European Central Bank
starting from next month of March continues making jag in its rate. In hardly
24 hours, the community foreign currency has collapsed from the 1,16 until the
1,11 dollars. This is the formula that I requested that was the BCE the one
that not devaluates the market of foreign currencies because the market made us
cheaper but it didn't provide us Eurus to invest and to work, now the BCE if it
will propose it we will see that we make us.
In
their fall, the biggest in a day from the year 2011 with descents of 2%, the
euro renovates its minima from September of 2003. The foreign currency
collapses to 1,111 dollars, breaking other two barriers, that of the 1,13 and
the 1,12 dollars, and even putting in danger the 1,11. In less than one month,
the community foreign currency has collapsed from the 1,209 dollars with those
that he closed 2014. The speed of these descents and the magnitude of the QE
announced yesterday for the BCE they vivify the debate of a possible parity
between the euro and the dollar.
Before
the BCE and even of the unexpected revolution loosened by Switzerland in the
market of foreign currencies, signatures of as much influence as Goldman Sachs
and Pimco had impacted in the options of a parity euro dollar. From the euro
has become one of the bear bets last year, more reiterated by the investment
signatures, largely to the direction differences in the monetary politicians of
the euro zona and of USA. But I believe that in the bottom they knew that there
was not another solution for the area euro.
The
historical program of debt purchase started yesterday for the BCE contrasts
with the forecasts of a future ascent of the types of interest on the part of
the Federal Reservation. The FED, in fact, he has had to promise patience
before carrying out the first adjustment to the rise in the types amid the accelerant
that registers the American economy. There is fallen in front of the Swiss
franc, the Pound and the Yen, the blow to the euro is not limited to its
crossing in front of the dollar.
Starting
from now the European economy will recondition its provisioning’s and its
production will think more of manufacturing here because it will be similar of
cheap that in Japan or Korea and with the injection of Eurus that they will
have go to stop to the industries and the consumption the reactivation in logic
it can be a fact.
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