News1 min ago
Am I very clever or is it a coincidence?
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At least ten years ago I predicted that the EU common currency system would show its first crack early in the second decade of the 21st Century, when one of the PIIGS countries (Portugal, Italy, Ireland, Greece, Spain) disobeys all the rules and gets in a mess. It will be bailed out through some fiddle or other.
More cracks will appear and by 2015 one or more of the PIIGS will leave the euro altogether.
This will cause such turmoil, and so deter the newer EU countries from joining the common currency, that the euro will collapse by 2020.
The countries of the eurozone will then be so distracted by their efforts to reinstate their national currencies that the rest of the EU will suffer from neglect and disillusionment, leading to the collapse of the EU by 2025.
So far, I’m ahead of the game. Greece has taken her cue already - and the second decade doesn’t start until 2011!
So folks, watch this space…
More cracks will appear and by 2015 one or more of the PIIGS will leave the euro altogether.
This will cause such turmoil, and so deter the newer EU countries from joining the common currency, that the euro will collapse by 2020.
The countries of the eurozone will then be so distracted by their efforts to reinstate their national currencies that the rest of the EU will suffer from neglect and disillusionment, leading to the collapse of the EU by 2025.
So far, I’m ahead of the game. Greece has taken her cue already - and the second decade doesn’t start until 2011!
So folks, watch this space…
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For more on marking an answer as the "Best Answer", please visit our FAQ.Of course we know of your amazing foresight because you're telling us about it now and your latter predictions are far enough away that we'll all have forgotten.
Personally I predicted that there would be a major Earthquake in Haiti 10 years ago and am confidently expecting San Fran to go in 2015
Watch this space too!
Personally I predicted that there would be a major Earthquake in Haiti 10 years ago and am confidently expecting San Fran to go in 2015
Watch this space too!
I don't regard myself as being particularly clever or prescient but I've been saying for ages now that a common European currency and the EU are experiments ulimately doomed to failure. One size does not fit all and vested national interest will finally cause irreparable cracks to appear.
No doubt others on this forum will disagree. That is their prerogative and I respect their opinions as I hope they will respect mine.
No doubt others on this forum will disagree. That is their prerogative and I respect their opinions as I hope they will respect mine.
Fair enough, jake. That's why I asked whether I was prescient or just lucky. I can assure you that I made that prediction to a lot of people at the time; sorry I didn't post it here. As an honourable man I'm sure you'll take my word for it.
Of course we have to wait until 2015. That's what I said.
Briefly my prediction was based on the absurdity of having a single interest rate for 16 different economies, which will become an impossibility as that number increases. Anyway, how I arrived at my predictions is not the point. What is fun is that the first has come true ten months early. Nothing more to say, really. Let's wait a few years.
Of course we have to wait until 2015. That's what I said.
Briefly my prediction was based on the absurdity of having a single interest rate for 16 different economies, which will become an impossibility as that number increases. Anyway, how I arrived at my predictions is not the point. What is fun is that the first has come true ten months early. Nothing more to say, really. Let's wait a few years.
Norberto - gosh, you're right! I withdraw. Forget I spoke.
bibblebub, I never said I was certain. Only time will tell whether I was right. A different thing. And, sorry, can't help with the horses. That is not one of the many areas in which I am clever.
Well done, Sandy Wroe. Glad I'm not alone. It's nice to have someone to help bear the burden of genius.
I really think that's enough of this nonsense. You'll have a good jeer, I expect, in 2015.
bibblebub, I never said I was certain. Only time will tell whether I was right. A different thing. And, sorry, can't help with the horses. That is not one of the many areas in which I am clever.
Well done, Sandy Wroe. Glad I'm not alone. It's nice to have someone to help bear the burden of genius.
I really think that's enough of this nonsense. You'll have a good jeer, I expect, in 2015.
///Briefly my prediction was based on the absurdity of having a single interest rate for 16 different economies, which will become an impossibility as that number increases. ///
Wonder why you think that.
How many different economies are there in the US? Seems to work ok there.....
California has a GDP of $1.6 Trillion (1,622,116 Million) compared to Vermont who have a GDP of $23,000 Million (23,000 Million).
The UK has a GDP of Eu 1.8 Trillion compared to Latvia who has a GDP of Eu 23,000 Million.
Wonder why you think that.
How many different economies are there in the US? Seems to work ok there.....
California has a GDP of $1.6 Trillion (1,622,116 Million) compared to Vermont who have a GDP of $23,000 Million (23,000 Million).
The UK has a GDP of Eu 1.8 Trillion compared to Latvia who has a GDP of Eu 23,000 Million.
I predict that the Euro will achieve parity with the £ during the next parliament. Not too much crystal ball gazing there.
It seems the weakness of our governments to take the easy way out by letting our currency slip ever since we were on the gold standard.
The demise of our currency has followed the demise of our country!
It seems the weakness of our governments to take the easy way out by letting our currency slip ever since we were on the gold standard.
The demise of our currency has followed the demise of our country!
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