The post you are reporting:
To me this looks clearly the case of someone who regularly reads DoverForum from Calais, and spotted PaulB. Otherwise it would be a coincidence.
I have wondered in the past who reads the Forum, and believe there are economists who do, as not many local forums have continuous coverage and opinions on economy and government decisions regarding the economy.
The letter states the euro is overvalued.
It is. So too is the super-pound overvalued, and in so being, paralyses fair trade with the East, be it the east of Europe, Asia, or Africa. As well as South America, for that matter.
However, the only solution the British Cabinet and the eurozone governments have had so far in curbing bankruptcy since 2008, has been the printing of hundreds of billions of pounds and possibly trillions of euro.
Often this comes about through digital money, but which has the same effect as paper money.
We must beware, because the balance could tip overnight.
Money has a psychological value, and to overprint it too often could spark off a reaction that spreads quickly, determining mass exodus from shares, bonds and even bank accounts, and massive inflation.
Most economic crashes come about all over a sudden and through rapid chain reactions, and usually start with one spark somewhere along the line in the links of the chain.
Everything, and I mean everything, that has to do with eurozone debt and British debt, has to do with overvalued shares, overvalued house prices, private and State debts that cannot be paid off in the conventional way, and it is all interlinked.
For example, if Greece, Italy, Spain and Portugal default, British banks would lose hundreds of billions of pounds in exposed loans, and Germany and France too.
Add to that other EU countries whose banks have also lent to these four mentioned countries.
It has nothing to do with competing with the USA, which has its own economic problems similar to those of Britain and Europe.
This has all to do with debt that can never be repaid.