The bailouts are a method of entwining them all together forever; exactly as the Bankers planned
-
Allison
President
TopBucks.com| PinkVisual.com|
[email protected]
Follow Me on Twitter:
http://www.twitter.com/PV_Alli
ICQ: 120353154
Check out PVLocker.com
Comment
-
Yes Loan,a bit different then classic bank loan taken by average joe,but that money must be returned.LOAN ? it's a loan if you can make the payments, when they default in a couple of years down the road, it will be forgiven and all the countries doing the loaning will be fucked. This whole thing sounded great in theory, but in practice, it's a never ending money drain on the 'haves'
Comment
-
Obviously it can never work over the long term. Countries (all countries) can't manage their own domestic financial affairs, under the own laws and rules - they certainly can't do it in accordance to someone else's and aren't going to take a hit for the greater good of people that don't even like you. Inviting every gangster economy in Eastern Europe into the fold certainly isn't going to make anything better. Ultimately everyone will have to revert back to acting in their own interests, rather than the collective interests of the whole. I'm sure Germany will be among the first to break away from the Euro and then the EU. Why should the producers suffer for the non producers and the responsible suffer for the irresponsible and the productive suffer for the non productive?Comment
-
It's not a question of IF but WHEN. Ever since the Fall of the Roman Empire, various individuals and organizations have tried to cobble Europe back together. Always failed.Comment
-
On the one hand you're right, but on the other literally it's not the country that offers the welfare, it's german citizens and residents and many of them don't like the current situation. In this case Germany has to find balance between the amount of welfare it offers to other countries and keeping its own taxpayers happy.
Right now economic activity in Germany is on a roll, but market economy has cycles...Nadya-EuroRevenue
ICQ: 400525519 nadya[at]eurorevenue[dot]com
Skype: nadyay7
*See who I am at AdultWhosWho*Comment
-
-
It can happen...but it can be also in 200 years...Comment
-
Make a bank with Chaturbate - the best selling webcam program
Ads that can't be block with AdBlockers !!! /// Best paying popup program (Bitcoin payouts) !!!
PHP, MySql, Smarty, CodeIgniter, Laravel, WordPress, NATS... fixing stuff, server migrations & optimizations... My ICQ: 27429884 | Email:
Comment
-
USD is supported by China. No way China would let USD fail and harm its economy by losing their main trade partner.
Just look at the numbers:
http://www.uschina.org/statistics/tradetable.html
Not to mention that China is the main investor in US economy.
Thus in my opinion it's too early to speak about US(D) collapse because everyone realizes that it will be collapse of the entire world's financial system.Nadya-EuroRevenue
ICQ: 400525519 nadya[at]eurorevenue[dot]com
Skype: nadyay7
*See who I am at AdultWhosWho*Comment
-
correct, money is money, if China lets US fail it will lose money because:
1. US is the main importer for them
2. US economy collapse will lead to decreased or negative profit rates on Chinese investment projects.
3. US collapse will affect other US trade partners most of which trade with China as well.
All mentioned above will lead to trade and financial imbalance which will result in the entire economy imbalance and of course it will start the well known "snowball effect".Last edited by Lilit; 11-29-2010, 02:29 PM.Nadya-EuroRevenue
ICQ: 400525519 nadya[at]eurorevenue[dot]com
Skype: nadyay7
*See who I am at AdultWhosWho*Comment
-
yea but china doesn't so much trade as just buy raw materials, manufacture, and then sell back to whoever is doing the 'trading'
whereas i agree with you that china would definitely feel an impact, what exactly would be bad for China? If the US went down, it would take us, europe, and most of the developing nations along with it (taking 'aid' from us), leaving a huge vacuum power to be filled by BRIC, but under this scenario, with no competition.
hell, you could even say china was planning to invade both SK and India, leaving china, russia and brazil, with no competition and no chance of anyone saying 'nay'Comment
Comment