Funny Money
Phillip Roman | February 28, 2010 | 10:33 amI have not posted in a long while. Hey! I have been busy. This post is materializing because I am using it as a tool to further my procrastination. I am supposed to be studying for the CFA exam but I find myself here talking to myself (or maybe you).
A few days ago I was surfing on Drudge (this was on my MacBook Air and not my iPhone because the underaged workers who built my iPhone did a crappy job and I have been recently running into a few problems). I read an article about George Soros and the evil speculators who are planning on making tons of $$$ on the fall of the euro. Soros’ explanation of the underlining problems are very logical, Greece cries and the euro dies.
He believes that unless the European Commission is given sweeping powers over taxation and spending, the single currency will always be vulnerable to financial turbulence in individual states.
Then I notice another article that states the IMF is considering a global currency to replace the dollar in the future. Ok, that makes a lot of sense. Lets just impose the problems and flaws of the euro onto the whole world. Globalization is fun!
