It has been noted that the euro was never a stable currency. In fact, its original purpose was likely to usher in a convenient crisis which would give the EU the power over eurozone countries for political reasons, a move that is likely to aid in the anti-Christ’s rise to power. And while bailouts for Greece and Ireland have been touted as crises that the EU and IMF can handle, Spain may be the eurozone country that runs the EU and IMF monetary well dry.
According to a www.bloomberg.com article on Monday, Nouriel Roubini, the New York University professor who predicted the global financial crisis, Spain is the, “big elephant” in relation to Europe’s financial disaster because, “there may not be enough money to bail out the Iberian nation.”
That notion has certainly been weighing heavy on the minds of investors as “Spanish and Portuguese bonds dropped while the euro slumped to the lowest levels in more than two months against the dollar.” And of course if Spain does end up needing a bailout and the dollar ends up being stronger than the euro, world leaders will be expecting the US to transfer its wealth right on over to Europe – which certainly has the potential to bring about the demise of the dollar. Enter new One World reserve currency and government.
All of the instability in the euro is causing the value of silver to spike, according to a www.cnbc.com article on Monday. In fact, Manhattan coin dealer Lee Rosenbloomadmits that, “This is probably the strongest demand there’s been in the last 25 years.” Since gold has gotten so expensive, those who can’t afford it are investing in silver coins which are presently about $30 an ounce. 2010 Silver American Eagle bullion coins are being reported as hot items right now.
