FLASHBACK: HARVARD ECONOMIST TELLS US THE EURO WILL REPLACE THE DOLLAR AND BECOME THE WORLD'S RESERVE CURRENCY

HERE'S A SMART LIBERAL INTELLECTUAL FROM HARVARD TELLING US SOMETHING A FEW YEARS AGO:

The euro could surpass the dollar within ten years

Jeffrey Frankel 18 March 2008

One of the world’s leading international economists explains how the euro could surpass the dollar as the premier international currency and examines the geopolitical implications of such a shift.

The International Economy recently asked experts: Ten years from now, which will likely be the next great global currency?

My answer is that it just might be the euro. Contrary to fevered popular speculation in the 1990s, the yen and the mark never had the potential to challenge the dollar as the leading international currency: their home economies were smaller than the US and their financial markets less well-developed and liquid than New York.

The euro, however, is a credible challenger: Euroland is roughly as big as the United States, and the euro has shown itself a better store of value than the dollar.

...we find that the tipping point could come within the ten-year horizon: the euro could overtake the dollar even as early as 2015.

... the United States might now have embarked on a path of “imperial over-reach,” following the British Empire down a road of widening budget deficits and overly ambitious military adventures in the Muslim world, the fate of the pound is perhaps a useful caution

Jeffrey Frankel
Professor of Economics at the Kennedy School of Government, Harvard, and a member of the Council of Economic Advisers during the Clinton administration.

HAHAHAHAHAHA!

THE EURO IS ABOUT TO FALL APART!

THIS "LESSER" EDUCATED MAN - NIGEL FARAGE OF THE UKIP, AND AN MEP - PREDICTED IN 2009 THAT THE EURO WOULD - AND THAT THE COLLAPSE WOULD BEGIN IN GREECE. (CLICK FOR LINKAGE AND VIDEO).

I DON'T THINK HE WENT TO EITHER HARVARD OR YALE - AND HE IS NO LIBERAL: BIO:

Farage was educated at Dulwich College before joining a commodity brokerage firm in London. He ran his own brokerage business from the early 1990s until 2002.
Active in the Conservative Party from his school days until the resignation of Prime Minister Margaret Thatcher in 1990, he left the party in 1992 when John Major's government signed the Treaty on European Union at Maastricht. He became a founding member of UKIP in 1993 and has contested UK parliamentary elections for UKIP five times. He was elected to the European Parliament in 1999 and re-elected in 2004 and 2009.

HE ACTUALLY WORKED FOR A LIVING - A BETTER EDUCATION THAN BEING A PROF AT HARVARD OR A BUREAUCRAT!

THERE ARE SOME THINGS SO STUPID ONLY LIBERAL INTELLECTUALS CAN BELIEVE THEM - AND I MEAN THIS TURKEY AND KRUGMAN AND - WELL, YOU KNOW THE REST OF 'EM!