Will the EU exist in ten years? How long will the German taxpayers put up with this shit?Good luck.
5 countries will kill the Euro
- Thread starter papajohn56
- Start date
well you are basically trying to tell me that the US can just amount the huge debt that they have since they have the military superiority, which is true. but for how long? I'm not saying the dollar will crash tomorrow or in 5 years. But the most of us will be alive to withness it (unless 2012 is true
(or you guys manage to get the spending problem under control) )
well you are basically trying to tell me that the US can just amount the huge debt that they have since they have the military superiority, which is true. but for how long? I'm not saying the dollar will crash tomorrow or in 5 years. But the most of us will be alive to withness it (unless 2012 is true
We'll be forced to get it under control. It will be a definite necessity in the very near future
Ya the US really cannot take over the world to enforce its monetary policies. It can take over a few countries at a time.
Now everyone is taking turns making sure they are not the next place.
In the meantime China and Russia, Venezuela, and Japan are quietly making deals for buying and selling oil and other raw commodities while America is entrenched in debt and 2 wars it cant win.
In that picture above do you have any idea how much money and waste goes into making that fist pumping bravado?
Now everyone is taking turns making sure they are not the next place.
In the meantime China and Russia, Venezuela, and Japan are quietly making deals for buying and selling oil and other raw commodities while America is entrenched in debt and 2 wars it cant win.
In that picture above do you have any idea how much money and waste goes into making that fist pumping bravado?
If the current way US politics are is any indication of how they will be in 5-20 years, I see VERY little chance for that to happen. They will just keep arguing, one party will block the other party etc. until it's way too late.
Just look at how long it took for the US to catch up to the rest of the modern world and get a health care system that has at least some chance of working or at least it did before the politicians took it completely apart making it as corrupt as the rest of the current system.
We could have easily gotten it under control if Bush did the responsible thing and didn't listen to the idiots telling him to bail people out and Obama didn't bush a bill people didn't want (not to say health care reform wasn't needed) and instead spent the year looking into programs that didn't support themselves, programs that were similar, and consolidated then have used the savings to reform or pay off the debt.
Having said that, there are economists who have been saying for well over a decade that if the entire debt was paid off, our economy would collapse. But, (and I hate to say this) if you look back at one of Glen Beck's programs several months ago he did a lovely line drawing on his board about who owes money to whom for America's and the other Developed nations. It was scary - everyone is dependent on everyone else to pay off their debt.
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US should print Euros and distribute to all of these European countries. Let everyone get equal numbers. Then the resulting inflation in each country will be at the same rate, and hence, international trade will not suffer. At the same time, all debts will be paid off as well.
When Chinese yuan goes up against US dollars, we can print some yuan and distribute it to everyone, including the Chinese people. The resulting inflation will make sure that dollar holds against yuan.
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US should print Euros and distribute to all of these European countries. Let everyone get equal numbers. Then the resulting inflation in each country will be at the same rate, and hence, international trade will not suffer. At the same time, all debts will be paid off as well.
When Chinese yuan goes up against US dollars, we can print some yuan and distribute it to everyone, including the Chinese people. The resulting inflation will make sure that dollar holds against yuan.
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I am in agreement that the spending is obviously out of control and has been for awhile.
That being said, the length in which it took for the US to reach this preordained health care system "milestone" isn't a good argument to why we won't be able get our spending under control. In fact introducing this recent health care reform or whatever you think the rest of the modern world had that we didn't will only exacerbate spending.
US medical care is amongst the best in the world if you are covered or have the money. Just look at John's hopkins or the Mayo Clinic, they are doing amazing things. A health care system's efficacy in terms of the individual's life is all relative to what their issues are. If you have a serious disease and need specific care, a health care system that is all free for everyone but doesn't have specialists available to save you really doesn't help much.
I would rather have a sector of highly talented doctors, surgeons and practitioners who can treat the most complex medical problems with a mediocre general health system than a free health care platform for everyone that runs off questionable government programs and lacks in specialty and attention you may need. It's equivalent to hiring a public defender vs. the top lawyer you can find, you pay for results and expertise. I know people that complain about the health care in Canada and in the UK saying that if you really need help beyond basic checkups, medicine and diagnosis' they end up having to pay for a private practitioner anyway. Thinking you can have the best treatment or coverage for everyone off the nation's dime is idealistic at best, mostly delusional.
Oh there's no blocking. Both parties love the federal reserve and the ability to create money out of thin air. The Democrats so they can fund a never ending string of bullshit social programs like this doomed from the start health care "reform" and GM takeover. Republicans for a never ending string of empire expanding wars.
Lulz...
The Japanese Yen is not worth less than the dollar, the currency just works on a different nominal basis. 1 yen = 1 cent. There is no quarter yen or .01 yen like we have for the dollar, its all just yen. So, 10000 yen = 100 bucks, so it seems like their currency is worth less, but its not. Its really about the exact same. Actually its abit better than the dollar, 94 yen to a dollar.
India bought a ship from Canada a couple years ago and saved it from becoming a coral reef.
The web of debt graphic is pretty amazing how it shows the inter debt relations to each other.
Thought Ireland would be in good shape since introducing the tax break that attracted GSK and others.
On the ships graphic - no N. Korea?
The web of debt graphic is pretty amazing how it shows the inter debt relations to each other.
Thought Ireland would be in good shape since introducing the tax break that attracted GSK and others.
On the ships graphic - no N. Korea?
The CHF is depending on the price of gold about 70-90% covered by gold that's stored in the Swiss national bank.
Even if it wasn't covered, the reason why the CHF is going to be worth money is because it's one of the most stable and reliable currencies in the world, just that reputation will keep it from fluctuation wildly. On top of that we had the good sense to stay away from the Euro and it's just starting to pay off. The Swiss National Bank actually just bought about $50 billion Euros in order to keep the CHF from appriciating so much that exports would suffer.
Yes that was exactly my point. Monetizing the debt is not going to work to get out of debt without ruining the economy and even the most socialist politician knows that. The only way is to cut spending or increase taxes and neither one of those are going to happen for exactly the reasons you listed above.