“Think About and Prepare For” End Of Euro – TV3 Agenda Interview
David McWilliams interviewed Lara Marlowe and Cormac Lucey about the elections in France (April 23 and May 7) for TV3’s Agenda and the short interview about the French elections, Le Pen and the risks posed to the euro is a must watch.
Key points covered
– “Could the French say ‘au revoir’ to the euro?”
– Brexit vote and Trump election given a “lot of cold chills”
– Le Pen has “promised to take France out of euro”
– Her election would be “catastrophic for Europe and the euro”
– “If people break out from the lunatic asylum … Ireland should leave the euro…”
– ‘Going bankrupt slowly and then suddenly’ as per Hemingway’s warning
– “Money moves when it is panicked …”
– This is now not a “fringe” concern – deep insiders are warning
– Lack of rational debate about risks – blindly dismiss concerns
– “Seeing a slow motion bank run…”
– “Think about and prepare for…”
Interview can be watched on TV3 here (Begins 15.43)
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27 Feb: USD 1,256.25, GBP 1,011.16 & EUR 1,187.41 per ounce
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28 Feb: USD 18.28, GBP 14.70 & EUR 17.24 per ounce
27 Feb: USD 18.34, GBP 14.77 & EUR 17.33 per ounce
24 Feb: USD 18.27, GBP 14.56 & EUR 17.23 per ounce
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