Quelques commentaires sur la "Hat Trick Letter" de Jim Willie du 15 décembre
Jim Willie parle du détachement des P I G S de l'euro pour un retour à leurs monnaies nationales à venir peut-être au printemps et d'un Euro recentré sur le noyau dur européen, la RFA
Les décisions quant à la valeur relative de ce Nouvel Euro renforcé reste entre les mains de l'Allemagne.
Elle sera fonction :
- des délibérations sur la destruction de la dette, ... ,
- des réflexions sur les salaires ,
- du potentiel à l'export et
- de la profondeur de la récession dans les nations-partenaires les plus faibles,
- de la dévaluation à venir des PIGS. (ex-partenaires)
Il doit donc y avoir ein Kolossal marchantache international en cours.
Sans utiliser les mêmes biais, ni les mêmes arguments, ni la même démonstration Jim Willie en revient exactement aux différents éléments de mon analyse sur la dévaluation de l'Euro (notamment vis-a-vis de l'Argent)...
Effacement des dettes // équilibre économique international // parité des salaires dans le Monde
Il reste dans le vague absolu sur la dévaluation ...
Très intéressant qu'il mette l'accent sur les relations secrètes Allemagne / Russie actuelle...

La France (politiquement liée à certains intérêts US) est dans les choux.
Nota : EMU = European Market Unit
En rouge foncé, ce que j’ai commenté ci-dessus.
When the European Monetary Union fractures, the new central core of the Euro currency will be revealed. When that historic event occurs, essentially the revival of the Deutsche Mark, the USDollar will resume its decline in a powerful manner. The EMU breakdown is a process already begun, without proper publicity, centered on continued Euro currency usage. The final EMU breakdown is a decision squarely on the German table, made before or after the sovereign defaults from a string of weaker nations. The big issue is how valuation the Germans wish for the Euro currency (pre-breakup) to lose. The stress behind the birth process extends from deliberations on debt reduction, spending reforms, wage issues, export potential, and violence in distressed member nations. Whichever nations break from the EMU first, and embrace an old former currency, will benefit from big advantages in currency devaluation, but will endure other hardships like higher interest rates and unemployment. The partnership between Germany and Russia remains a hidden important element in the Core Euro launch. Energy and commodity contracts must be forged between the two key nations. Germany controls this process. All appeals for debt negotiations go through the Bundesbank. No decision is made at the Euro Central Bank without German approval. What remains unclear is whether the FOREX currency market will anticipate the carving off of Greece, Spain, Portugal, Italy, and Ireland. Those nations must go it alone with a return to their old currencies. If widely anticipated, the Euro currency will not decline much,
factored in. Besides, the USDollar will continue to look miserable, broken, bloated, ruined, discarded, and lacking vigor.
THE RETURN OF THE DEUTSCHE MARK WILL COME IN THE FORM OF A CORE EURO. IT WILL BRING STABILITY TO THE ENTIRE EUROPEAN REGION IN THE FIRST FEW MONTHS. LATER, ITS POWERFUL RISE WILL BRING GREAT
CHALLENGE TO GERMAN EXPORTERS. THE NATION WILL BE A VICTIM OF ITS
OWN SUCCESS. $$$
The re-emergence of the Deutsche Mark is assured, except it will be called a variant of the Euro. The codenames to date are the Core Euro or the Nordic Euro. It will become the official currency of Germany and certain stronger Central Europe nations. They will each be blessed with trade surpluses and no great debt challenges. If France manages to be included in the Core, it will be a miracle and pure gift. The Germans will need squires to carry their bags, an expedient perhaps. France has been given so many promises, and France possesses so many nuclear weapons, that it will in all likelihood be kept in the same group as Germany. Stability will come after the launch to the continent racked by numerous sovereign downgrades and actual debt defaults. The initial months will bring a sense of calm, of decisions made prudently. Later, the effects from the currency on trade export will leave France reeling but Germany struggling. France must then deal with internal strife in resentment for the decision not to revert to the Franc currency, with rising nationalism. Germany will use the challenge of its own successful economy to usher in a handful of gold-backed new currencies, serving as advisor to the Persian Gulf and to Russia. The interim solution that would settle the Euro currency from its anti-US$ rise could turn out to be the IMF basket currency concept.