Loading ...Who insures Volks credit default swaps ? Its deja vu all over again ..as YOGI would say ! Goodby Volks cost probably 20 Billion plus Lawsuits from Volks owners whose resale value is kaput ! As Volks goes ,so goes Germany and the EURO ..Just as the Dollar was starting to go down on its arraigned cycle with the Europeans ..now it skyrockets and drives US EXPORTS into the Dumpster …
Competing Devaluations here we come ..its a race to the bottom ..Why should the US suffer because of Germany ? We need to DEVALUE NOW ahead of them….! as a preventive meaasure….
Its going to be a Financial crisis Germany has now become GREECE without sympathy … from the Greeks I would add….
So much for German Engineering……Financial Engineering ……Maybe the Greeks will make them a Loan !