Just keeping it simple...
In order of market influence, starting with XLF
For some perspective:
Today, the Labor Department reported that nonfarm payrolls (jobs) decreased by 216,000 in August. Today's chart puts that decline into perspective by comparing job losses during the current economic recession (solid red line) to that of the last recession (dashed gold line) and the average recession from 1950-2006 (dashed blue line). As today's chart illustrates, the current job market has suffered losses that are more than six times as much as average (20 months after the beginning of a recession). In fact, if this were an average recession/job loss cycle, the number of jobs would have begun to increase five months ago.
"The FHA's aggressive lending programs have continued throughout the housing downturn, causing its market share of the mortgage industry to grow from 2% in 2005 to 23% today"Now that's ridiculous... not to mention clearly manipulated behavior on the part of likely the Fed, FHA and probably Barney Frank.
If your goal were to have absolute discretion regarding a fiat currency's exchange value for real assets...a unified currency eliminates a lot of headaches and that is the clear objective of the EURO. We have to start somewhere.And if the long-term adgenda in EURO could succeed then that agenda could move on to unifying other currencies under its umbrella. The end result could be a harmonization of the most dominant currencies in the world - with absolute control by central banks of that currencies exchange value as they see fit.