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Okay guys time to put on your thinking caps $400,000 prize offered to break up the euro!
11-12-2011, 05:23 AM #1
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,185 Threads:1,485 Joined:Feb 2011
Quote:Economists are terrified about the chaos they expect if some countries decide to stop using the euro. But one person thinks there may be a way to jump ship safely -- and he's got a $400,000 bounty for anyone who can figure out how to do it.

Simon Wolfson, the CEO of European retailer NEXT, is offering a prize of £250,000 -- about $400,000 -- to the person or group that comes up with the solution for how one or more of the 17 countries now using the European common currency can stop using it without causing a massive shock to the global financial system.

"There is now a real possibility that political or economic pressure may force one or more states to leave the euro," said Wolfson in a statement announcing the prize. "If this process is mismanaged it could threaten European savings, employment and the stability of the international banking system. This prize aims to ensure that high quality economic thought is given to how the euro might be restructured into more stable currencies."
Read more: http://money.cnn.com/2011/11/11/news/int...ce=cnn_bin

Food for thought eh? I'm willing to devote some time to this, but right off the bat the IMF has to go. They are the single biggest demon the world faces right now. More to come....


11-12-2011, 05:27 AM #2
Octo Mother Superior
Posts:40,970 Threads:1,566 Joined:Feb 2011
Hemp based economy! yay.gif Oh, wrong thread...no wait hmm.gif
11-12-2011, 05:31 AM #3
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,185 Threads:1,485 Joined:Feb 2011
Well, it's certainly sustainable for eternity, as where the present system is based on unsustainable false hoods, corporate fascism based policies by governments and banks that print "faith based" money out of thin air based on debt nobody can ever repay.


11-12-2011, 06:28 AM #4
Shadow Incognito Anonymous
Back the currency with ink. The more it's printed the less it's worth.
11-12-2011, 05:19 PM #5
Kreeper Griobhtha
Posts:10,990 Threads:756 Joined:Feb 2011
Shut down all the banks and forgive all debts owed them.


What politics from both sides wants to teach us is that things are never complex. If you have your little package and something doesn't fit into that package, You don't know what to make of it so you want to dismiss it or then you will have to do the work of reconsidering your assumptions. - Michael Malice



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