Will the more economically-stable European powers... like Germany... bail from the socialistic European Union, and flee from the debased EURO?
I could be wrong about this, I guess; but somehow I do not think that this story is good news for the Euro-backed European economy, or for the European Union (or for the world economy in general):
A story like this seems to hint that the Germans are tired of propping up the rest of Europe with their relatively thriving economy.
So get this! Here's another revealing story, which zeros right in on the most important point of all:
As the entire world economy continues to collapse of its own debt-ridden excess, will the more economically-stable European powers... like Germany... bail from the socialistic European Union, and retreat to conservative financial measures designed to protect their own local German (and other) currencies, economies and national sovereignty? Seriously, why wouldn't they do that?
Don't let the cat get yer tongues, O Gentle Ones.
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6 comments:
I could be wrong about this, I guess; but somehow I do not think that
this story is good news for the Euro-backed European economy (or for the
world economy in general):
Well, Doh, Marv.
Well, Do'h, Marv.
Ain't it funny how a socialist country such as Germany - where the feds regulate EVERYTHING, and medical services as well as higher education are basically free to all - can have such a strong economy, as we flounder about? Maybe we need to take some lessons from our socialist friends.
I see Steve Jobs passed away, only a short time after handing over the reigns of Apple. This was a man who changed the world, several times. We are less without him.
It's more complicated than that. What they have done in Europe is have low interest rates that responsible countries like Germany can handle, and that irresponsible countries like Greece cannot. So the Greeks end up going deep into debt and buying things hand over fist. And from who? Why, from one of the world's greatest manufacturing countries, that's who: Germany. So German banks have loved it, German manufacturers have loved it, and they want to keep it all going. This is the folly of export driven economies. Eventually the buyer defaults either literally, or through currency devaluation. It is inevitable.
On another subject, take a look at chart of the S&P 500, or the Dow, on a 2 or 3 year chart, then look up what a "bear flag" is. Check it out - perfectly formed on the right end of the plot. I'm just sayin', it's a classic, if you like that sort of thing, kinda like a comet sighting for the wonks.
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