Good luck to all and have a great day!

Dear Comrades In Golden Arms,
Some commentators are talking a euro at par to the dollar. I assure you that would be the end of the union and the beginning of the attack on the dollar that is certain to come.

If you have the emergence of national European currencies as a result of the failure of the union, the mirror image strength of the dollar would instantaneously disappear. Credit default swaps would turn their vengeance on the dollar. The Drachma would be incinerated. The Swiss and DM would be the stronger units.

If the EU fails so does the USDX. With no mirror image to hold up the dollar artificially, the US dollar will fall faster than Greece's credit.

Dear Jim,

You said that if the European Union breaks up there will be no USDX index to mirror image the euro.
I don't understand.

Regards,
CIGA Arlen

Dear Arlen,

The USDX would be around, but no longer reactive to the euro. The euro would be replaced with the original currencies of member states in various percentages as a synthetic euro, but the demise of the euro in the USDX would be complete. Further shorting would not be met with the same reward.

The attack of the US dollar would commence immediately.

Respectfully,
Jim