Citigroup (NYSE:C) Says Euro Could Reach $1.39 in August

For the first time since February, the euro could go as high as $1.39, says Citigroup (NYSE:C).

Supposed reasons for this are the "stabilization" of the sovereign debt crisis in Europe, and the probability of the Federal Reserve starting to print money again in an attempt to stimulate the economy.

Now the Federal Reserve disaster is sure to happen, as they will continue to destroy the value of the dollar and wreak havoc on the future of American children.

As far as the lie about sovereign debt crisis being stabilized, that isn't even close to happening, in spite of the mainstream media outlets regurgitating that to their readers.

That story has been circulated in order to manage concern among the populations of Europe in order to keep them subdued and from rebelling and rioting; something that has already happened across the region.

So even though it's a coverup, that has had the temporary effect of lulling people into a false sense of security, while the problems which brought the situation to the forefront of the news cycle remain in place.

One of the metrics used in an attempt to convince people the EU is stable, is the meaningless stress tests, which were so lax, almost anyone could pass them. Even Citigroup, not long after the tests said 24 of the banks in reality should have failed the tests, not the 7 that were allowed to be exposed.

Stabilization of Europe is also asserted to be a reality because of the narrowing of spreads between those nations under enormous debt and Germany, which is used as a standard to measure by in the EU.

I wonder why the downgrading of Ireland national debt hasn't been talked about much lately? Somehow it just doesn't fit into the narrative, so is an inconvenience to talk about.

As long as people believe this, it's possible the euro will reach these heights and even probable.

Just don't believe the underlying reasons for this are from a stabilized Europe. There is just too much optimism being thrown around about Europe to be believable.

No economy the size of Europe could have in any meaningful way turned things around on a dime like it is being purported about the EU.

The feeling is the real condition of Europe is now officially off limits to mainstream media outlets, and you're not going to hear much about the depth of the financial disease until conditions force it to come out into the open again. That probably won't take too long, unless the media blacks it out.