The Euro is about to implode?

I know this for a fact, I saw it staring me in the face on an Internet article this morning.

American or (very likely) British in origin I am not certain.

Explanations for this thinking? Rumour, conjecture, facts, explanations, details? NOWT!

It was simply stated as fact! Therefore it is bound to happen. Right? RIGHT????

Well, my anonymous friend, a short comment on this. Last week the Euro rose 3 cents against the US Dollar. So if the Euro is about to implode, what is going to happen to the Dollar? The Dollar cannot implode, can it? Sink, yes. Sink, sink, sink? Yes, yes, yes!

Stick your money in British Pounds instead? Latest rate for the Pound against the imploding Euro - 1.13. In 2009 the value was 1.43. Sounds like the Pound has already imploded!

Actually if you take a quick look at history you will discover that the Pound has sunk, sunk, sunk against whatever currency the (envy, envy GRRRR) Germans (envy, envy, GRRRR) have been using since 1971. The last time that I checked, the Pound had lost over 500% in value against the Mark or Euro over the past 40 years.

This does not stop the pundits in the UK from making their usual snide comments about the Euro (hee, hee it looks in a bad way). Curiously they seem incapable of noticing that despite all the Euro's problems, the Pound continues to struggle to retain parity against it! And this with a monetarist (hence encouraging ludicrously high unemployment and a disgustingly deflated economy) Conservative Party led government!

So, my anonymous friend, a little historical lesson for you. Whatever currency is backed by those responsible for the German economy, it will not only survive, it will eventually profit. Even the Swiss understand that (see the peg they introduced the other week to stop speculation).

The Euro is about to implode? Then I am about to marry a society heiress, move into a villa in the South of France and will be living on caviar and champagne for the rest of my existence. It won't happen? NO, IT WILL NOT HAPPEN!