As FX has increased in popularity .....and still there is no ...Thread ....to chat on this topic.......while there are many threads for nifty chat and discussions.
This thread I am particularly opening to chat about FX only.....
And There by keeping the other FX related threads clean ( like Trading The bars).....Those threads are for only certain specific topic...
Ok....First ...thing I am asking for....
What is Euro crisis....?
Tried googling.....but no avail....could not understand properly
Hope someone would explain.....
Had...Done all scalp trades Today....ended in Red....
What is Euro crisis?
Quite simple actually, the poorer euro countries like greece , ireland, spain, portugal took loan from the richer euro countries like france,germany and now they can't pay back. So who is going to bail out the poorer euro countries?. difficult to answer. if they default, their credit ratings go down , which means they cannot borrow or no one will invest in their bonds.
and if they default, france and germany are going to lose lots of money, so they have to take loans from some other country and you are stuck in a loop,and other countries can't loan out because they would end up in the same situation. Look pretty worse.
But the Banksters are there, flying like eagles to feed off the dying euro. they will force the govt's to print more and more money by making govt's issue bonds, because govt's need money at the moment to keep the economy going and hence the euro govt's will go into perpetual debts.
And you will be thinking why all this debt, because the bankster want more control over euro. Hence they create crisis when they want more control. It's always been like since hundreds of years, and people are too deep in the sleep to wake up and realize this. Very sad actually.
And folks remember...debt = money and that is why your money is worth less then what it was worth a year ago..
The euro is at the lowest in years now. Dollar looking strong now. I would buy lots of euro now and keep them for few months.
just watch euro ,will rise in the coming months..
Also a note on symbol of Euro..
Inspiration for the € symbol itself came from the Greek epsilon (Є) – a reference to the cradle of European civilisation – and the first letter of the word Europe, crossed by two parallel lines to ‘certify’ the stability of the euro.
—European Commission
Oh my , the irony...