Posted Dec 27, 2013 by Martin Armstrong
The Euro officially began trading January 1st, 1999. That was an eventful year for its also marked the low in Gold. Now at the pre-Christmas Euro summit, the mood was rather grim and even Merkel is wondering if the Euro will survive. The Euro should seriously crack 17.2 years from its birth and that would bring us to 2016. However, the French virtual-communist at the head of the IMF, Christine Madeleine Odette Lagarde, may push the seizure of 10% of all accounts in Europe in 2014. The overvaluation of the Euro, thanks to deflation, will continue to cause the German economy to shrink and as goes Germany – there goes the Euro. The single currency is actually reducing the economic growth in Germany.