Germany Practices Unselfishness

Off Topic Politics & World Issues
21

As we (meaning Europe and the USA) de-industrialize, China will revert to the position it held for 18 centuries – largest economy in the world.

This doesn’t mean we will be poor, just overtaken.

But notice one thing – we can feed ourselves. Can Europe? Can China? We have plenty of fresh water. Does Europe or China?

I suspect that after the coming massive depression (which is when China takes over as economic hegemon), half of the planet will live a fairly comfortable but slightly meager existence.

22

[quote]JEATON wrote:

The vast majority of world debt is denominated in US dollars. Not gold. Not silver. Not the Sterling. Not the Yuan.

The US dollar.

As Europe continues to implode, there will be a greater demand for the dollar. I have said this for the last six months, when everyone was saying the dollar would plummet and gold would rocket. In that time gold has basically remained the same, the Euro has plummeted and the Dollar has taken off.

As Deflation continues to exert itself in the coming five years or so this trend will continue.

You don’t want to be in the Sterling.
You definitely do not want to be in the Euro.

Having said this, the cratering of the Euro looks to be near a short term bottom and due some kind of bounce. It will probably be just enough to sucker the most people in for maximum damage.

That’s all I got to say 'bout that…
[/quote]

You can’t keep printing money and expect people to keep on taking it. When it is America’s turn on the debt chopping block the dollar will be wiped out just like the Euro is going to.

Any deflation will be met with the printing of money, this is basic keynesianism. The dollar may be rising it terms of other currencies but at the same time it is worth 1/1215 an ounce of Gold.

In the year I have been talking about gold it has risen 20%.

23

[quote]JEATON wrote:

[quote]300andabove wrote:

[quote]John S. wrote:

You realize that you guys are going to enter the crisis first right? And just like when we printed money for you, you will print money to “save” us. You are going down with us.[/quote]

Eh you do realize that the UK is not in the euro right - we will do just fine thanks out on our Island and watch the Dollar & Euro blow up !

God Bless the Sterling ![/quote]

The vast majority of world debt is denominated in US dollars. Not gold. Not silver. Not the Sterling. Not the Yuan.

The US dollar.

As Europe continues to implode, there will be a greater demand for the dollar. I have said this for the last six months, when everyone was saying the dollar would plummet and gold would rocket. In that time gold has basically remained the same, the Euro has plummeted and the Dollar has taken off.

As Deflation continues to exert itself in the coming five years or so this trend will continue.

You don’t want to be in the Sterling.
You definitely do not want to be in the Euro.

Having said this, the cratering of the Euro looks to be near a short term bottom and due some kind of bounce. It will probably be just enough to sucker the most people in for maximum damage.

That’s all I got to say 'bout that…
[/quote]

Gold has remained the same ? Have you been on planet Mars per chance ?

And no everyone and his mother, is getting off the Dollar, as fast as humanly possible.

Yes you can keep printing it, Hello Germany Post World War 2 as i stated earlier !

Euro has the capability to get out of it if it wanted to, there are enough economies there to survive it… of the 50 US States, which ones is gonna pull the US out of it ?

24

[quote]300andabove wrote:
of the 50 US States, which ones is gonna pull the US out of it ?

[/quote]

Well, if America comes to it senses and kicks out the keynesians we will go through a depression like 1920. It will be over in a year or two then we will have an economic boom.

Also, if someone comes out with an alternative energy we will have an economic boom. There is wild cards out there that can happen but for the most part I agree we(the US) is fucked.

25

[quote]John S. wrote:

[quote]300andabove wrote:
of the 50 US States, which ones is gonna pull the US out of it ?

[/quote]

Well, if America comes to it senses and kicks out the keynesians we will go through a depression like 1920. It will be over in a year or two then we will have an economic boom.

Also, if someone comes out with an alternative energy we will have an economic boom. There is wild cards out there that can happen but for the most part I agree we(the US) is fucked.[/quote]

Especially since they are admitting failure of stimulus . . .

26

Some of you guys are totally clueless about the Euro. Germany is not being selfless at all in propping up the Euro because Germany needs the Euro.

Here is how the Euro helps Germany. Germany has a strong export driven economy. A high valued currency like the Deutschmark is not conducive to maintaining a high level of exports and expanding the German economy. By bringing the softer economies of countries like Greece into the Euro they have been prevent the Euro from increasing in value and slowing German exports.

So there is nothing selfless in the Germans trying to save the Euro. As Eprem pointed out the Germans weren’t dragged into it. In fact it was quite the contrary. Germany dragged everyone else into the Euro because it allowed Germany to selfishly use poorer nations for it’s own benefit.

27

[quote]John S. wrote:

[quote]300andabove wrote:
of the 50 US States, which ones is gonna pull the US out of it ?

[/quote]

Well, if America comes to it senses and kicks out the keynesians we will go through a depression like 1920. It will be over in a year or two then we will have an economic boom.

Also, if someone comes out with an alternative energy we will have an economic boom. There is wild cards out there that can happen but for the most part I agree we(the US) is fucked.[/quote]

Hahahahahaha, right.

So if we kick and Keynesians out, we will enter a depression, which implies the markets are adjusting/equilibrating, and after this adjustment the economy will be back on its feet and booming?

And you think this will take a year, or two?

lulz