 FROM THE FRYING PAN INTO THE FIREDollar > Euro According to the Federal Reserve[1],
the outstanding banknotes denominated in US Dollars (USD) amount to 750
billions. According to the Bureau of the
Public Debt[2], United
States’ public debt amounts to 8,745 billion US Dollars. Totaling 9,495 billion US Dollars. The debt is increasing by 800
billion US Dollars each year. The US Dollar collapse, with this
situation, is worse than probable. And, at this point, the more they
will try to avoid it the worst it will be. For everyone. But the Euro can’t be the
alternative currency. According to the European Central
Bank[3],
the outstanding banknotes in Euros amount to 660 billions that will become 888
billions by the end of 2007. According to the Organisation for
Economic Co-operation and Development[4] the public debt of the European Countries is
more than 5,200 billion Euros. Totaling 6,088 billion Euros, which
at the current exchange rate are equal to 7,914 billion US Dollars. By the
way, two-thirds the banknotes in Euro are guaranteed by banknotes and
securities denominated in Dollars. That means that the US Dollar value
loss would automatically reflect on the value loss (purchase power) of the
Euro. The alternative to the Dollar isn’t
another legal tender currency but a real value currency. Dhana (www.dhana.org) was issued for this purpose, the
only real value world currency, guaranteed since its first issue by capitals of
enterprises for a nominal value par to a gram of platinum per one Dhana. Thanks for the attention. Best Regards. February, 20th 2007 [4] http://www.oecd.org/home/0,2605,en_2649_201185_1_1_1_1_1,00.html Holos Holding S.A. – Register of Trade and Companies of Luxembourg Section B 73818 |