The dow jones industrial average just had its worst May since 1940. Europe is reeling-its economies, its stock markets, its politics. Why all the pessimism? Are we having some kind of 70-year flashback? It's as if people were having nightmares of hobnailed Nazi boots filling the streets.rnThe markets fear that a devastating monetary crisis will destroy the European Union, country by country. As the euro's value falls-against the dollar and even more powerfully against gold-doom-sayers are coming out of the woodwork to state that the euro will collapse, paralyzing the unions economies and then precipitating a decline in world trade, which in turn will give rise to a global economic downturn.
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