American Dollar To Overpower Euro in 2011, Says Capital Economics
Economical analysyts across the globe agree; the euro will fall back to where it belongs, under the boot of the mighty American Dollar, in 2011.
The newest report by Bloomberg and Business Weekly has depressed, demoralized and devastated the collective soul of Europe, who since 2002 has held an ill-suited superiority complex after the Euro overtook the United States Standard Dollar, following the tragedy of 9/11.
Analysts agree that the euro will ‘fall to parity’ with the dollar by the end of 2011. After this, it will continue on an indirect sliding scale until the the dollar is 1/3 times stronger than the euro in 2012. Despite being a team-up of 16 nations, the euro will once again fall to the American Dollar.
The London-based economics research firm found that the euro will reach $1.10 by the end of 2010. By the end of 2011, the euro and dollar will match evenly, with the dollar sharing a slight trading advantage. After that point, the euro will continue to fall and the dollar will increase, as economies continue to normalize to pre-9/11 status.
Just over the last several months, the euro has plummeted a drastic 14.2 percent against the dollar. European confidence is wavering in the wake of a European market that has had to use nearly 1 trillion dollars to bail out the most indebted nations, some with drastically weak economies and no true gross domestic product of significant scale.
“Let’s not forget that the euro spent almost three of the first four years of its life below parity,” the report said. “If there is any possibility at all that its life may be coming towards an end, we see no reason why it should not drop to similar levels.”
By 2011, the American dollar will once again reign as the undisputed standard for international mercantilism and exchange. In 2012, the dollar will once again enjoy trading superiority versus the lowly euro.
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Author: Chuck Reagan
Bringing back morality one kneecap at a time.
11:08 am
you make it sound like this somehow makes the avarage american better than the rest of the worlds population.
this is grandscale econimcs we are talking about buddy.
btw why is it exactly that the euro “should” be below the dollar? becous you have a superiority complex? because it makes it easier for you to delusion yourself to the belif that you are the leaders of the world?
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12:27 pm
I totally agree with all Jazze says, and would like to point out GBP is still worth more than the dollar, boo to the yea!
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1:28 pm
The pound will drastically fall as well. And we earned having our money as the standard by saving Europe during WW2.
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1:31 pm
I don’t dispute that it will also fall. Just enjoying the nototion that the strength of a currency = greatness of the people within the country, as Jazze was hinting at
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4:44 pm
you didn’t save anyone. you joined the fight because YOU needed allies.
you had said no untill the day you were sudenly under attack as well. then you could fight too but heck if it would be alone. if you saved anyone it was your own ass.
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4:46 pm
further more i forgot to add. you didn’t conquer europe. we do not need to bow down to you. it was not you comeing in to take charge and save anyone it was a group effort. it was teamwork. and thus the war ened with the paties parting as equals. if you wanna be superior to europw you try to convince america to conquor us… but trusyt me we won’t go down without a fight….and this time there’s no allies.
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6:21 pm
Mate, you only helped when YOU were under attack. You wanted allies so you swooped in when the Japanese attacked Pearl Harbour near the end of the war and took all the credit for the allies’ victory.
Now if Russia hadn’t helped, we’d have all been f’ed in the a.
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4:56 pm
it’s true what Jazze said you actually conquered Nothing in WWII because with or without you will would have won ( remember we had russia and china on our side ) and Hitler even wrote a Book before he suicided himself he know before he started the wars that he would have lost it
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10:01 pm
You’re a total moron, along with all of the other idiots of your site. Go F*** yourselves. Oh, and go F*** the virgin you call Mary, too.
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10:09 pm
Oh yeah, I forgot to mention your tagline…:
“Bringing back morality one kneecap at a time”
Beautiful Christian values. Do you support violence? Do you wish that God will strike down sinners one kneecap at a time?
Your tag sure seems to promote violent persuasion. WTF is wrong with you? Does the better of the country need a tornado to wipe your Kansas ass out? Do us a favor and die with 8LB fridge Abe and let us enjoy our life on the third rock.
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2:33 pm
It’s not all bad really. It means European products will be cheaper therefore they will sell more of them and it also means tourism will increase so more money will pour into the Eurozone. The American dollar is still the reserve currency so for the last ten years it has benefited from being beneath the Euro. A “strong” currency doesn’t always mean “strong” growth. It means more purchasing power but less export power. It’s all relative. I think one day the world will have one currency…but until then we shall see.
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5:07 pm
This is hardly going to happen, US budget deficits continue to balloon. Bernanke is continuing his quantitative easing measures well into 2012. The Euro fell a bit in June but has bounced back ever since. Even a Harvard economics professor believes the Euro will eclipse the Dollar in a decade.
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12:15 am
YOU ARE ALL WRONG! You’re wrong for fighting each other. You’re too proud to realize that you’re both (yanks and europeans) beating your chests and saying that you’re the best. We are all human beings. Americans visit Europe because, even if we don’t want to admit it, like Europe. The most visitors to America are from Europe, so you like America as much as Americans like Europe. So stop pretending.
As per the blog (which was not about war)…
Strength in currency and trade has always and will always be in a revolving door. Levels increase and decrease all the time. The American government has been doing their best to keep the dollar week because it’s one of their methods of eventually “fixing” the economy. The dollar will eventually catch up to the Euro and several years later will fall again. So what’s the big deal? Enjoy your lives.
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