I wish to relay the prediction that things are starting to come to a head in Europe. I expect in the next 6 months to see major issues in Europe and then to watch people flee the Euro and buy Dollars. Ensure that any of your savings that are held in Euro’s are switched to Dollar as the problem in Europe continues to unfold.
We are now looking towards a second bailout for portugal and Italy is also on the cards as they are in a bad way also.
You may recall my blog originally posted on Thursday, 29 April 2010 on my old blog site regarding the PIGS of Europe which then became the PIIGS of Europe (Portugal, Italy, Ireland, Greece and Spain) Well, as you have seen on the news it is becoming a more talked about subject this year as realisation kicks in.
These countries are now burdening Europe and causing a transfer of wealth from the richer nations to the poorer ones using tax payers money. Countries will eventually tire of constantly bailing out the weaker countries much like a father would tire of bailing out his useless son, only in the case of countries the bond is nowhere near as strong.
Once these countries do get tired and decide to stop, then nature will be allowed to take its course with the start of the collapse of the Euro and a return to a Europe that will once again, be arguing and warring with each other. It’s only a matter of time and a shift in social mood.
If you do still hold Euro, then i urge you to take action now. It is likely better to do it now and get ahead than try to chase along with everybody else when the move happens as it will likely unfold very swiftly once the penny drops.