Country Currncy Code Rate Fixed on Entry Austria Austrian schilling ATS 13.7603 1998-12-31 1/1/1999 Belgium Belgian franc BEF 40.3399 1998-12-31 1/1/1999 Cyprus Cypriot pound CYP 0.585274 2007-07-10 1/1/2008 Germany German mark DEM 1.95583 1998-12-31 1/1/1999 Estonia Estonian kroon EEK 15.6466 2010-07-13 1/1/2011 Spain Spanish peseta ESP 166.386 1998-12-31 1/1/1999 Finland Finnish markka FIM 5.94573 1998-12-31 […]

The turmoil within Europe over this austerity policy is reaching astronomical proportions. This crazy failure to comprehend that you cannot raise taxes and increase regulation while expecting an economic recovery is stunning. All the ECB is doing is bailing out banks while interest rates go negative wiping out the savings of elderly and pension funds. […]

The entire vision that a United States of Europe would prevent war has proven to be just another academic theory gone seriously wrong. Brussels has been fighting against any opportunity for the people to vote on exiting the Euro from Scotland down to Spain and Italy. They could not prevent a democratic election where the […]

  We are in a very fluid period, which can be confusing, yet it is important to comprehend that NOTHING but NOTHING is ever PERMANENT. On the one hand, gold will eventually decline for its final low on the benchmarks. The only thing that will call that into question is a Monthly Closing ABOVE 1350. […]

  The extreme support for the Swiss against the dollar lies at the 80-81 level. Resistance forms now at the 88-90 area followed by 93. The extreme collapse was due to the tremendous losses incurred by the central bank and the complacency among traders, including hedge funds, who basically just follow the crowd. You have […]

QUESTION: Hi, Your call on this has been absolutely and impressively correct. You have said that  the Dollar is going to ‘vertigo and that the Euro is dead”. Is it possible to give us some idea of what you mean by this please? As always, thanks. ANSWER: Here is the chart I displayed at the […]

The IMF is increasing the pressure on the EU and stops further loans to Greece. The IMF is trying desperately to scare the Greeks into staying inside the Euroland. The Troika will no longer provide loans to the current government. The European Commission and Wolfgang Schäuble want to let the Greeks know that the previous course […]

In the United States, there was approximately $1.29 trillion in circulation as of October 1, 2014, of which $1.25 trillion was in Federal Reserve notes. Interesting enough, this was nearly matched now by the Euro. According to the European Central Bank , which publishes its balance sheet every week, circulating euro banknotes has just crossed the […]

The fear of a resurgence of the Euro Crisis has weighed on the common currency driving it down sharply trading at 1.2156 at 6:05 EST. The euro fell to $ 1.2122 intraday, marking the lowest level in two and a half years. However, our Yearly Bearish Reversal is 1.2156 precisely where we are trading at […]

President Jean-Claude Juncker of the EU has instructed all member countries to provide information on their tax decisions (breaks) provided corporations to the authorities in Brussels from 2010 to 2013. Brussels is now on the offensive to raise money and they are now targeting international business. Taxes should be determined whether competition is distorted by selective tax breaks in the […]