[TigerLikesRooster]

We have been having a weird see-saw game. One day American economy slips again, and Euros watch it with glee. Next day, EU economy slips further, and Americans feel Schadenfreude. We will have a few more episodes like this before both fall off the cliff.

[TigerLikesRooster]

P!

[pnh102]

Heh. Sounds more like there will be a rise in populist governments in Germany, France and the other productive nations in the EU that are sick of bailing out the losers and will themselves want to dump the Euro.

[FromLori]

I noticed this line in the articled..

“Indeed, over the past decade, Greece, Ireland, Portugal, and Spain all ran up extraordinarily large budget and balance-of-payments deficits that will be extremely difficult to correct without their own separate domestic currencies.”

While that may be true of Portugal and Greece it’s not true of Ireland at all they were doing fine actually better then Germany, France, etc. until they were forced to take on the banks bad debts.

On a side note I think the Irish would be better off opting out of their New World Order European Union and in any case I don’t think it is our responsibility to bail them out again.

Why the Irish Crisis is Going Global

“And its public debt, about 65 percent of GDP, is far below Greece’s crushing load, which is 126 percent of GDP. Ireland’s debt levels are even lower than those in France, Germany and the United Kingdom.”

in full

http://finance.yahoo.com/news/Why-the-Irish-Crisis-is-Going-usnews-4028366968.html?x=0

Up to €50 billion—nearly $50,000 for every household in the Emerald Isle

http://online.wsj.com/article/SB10001424052748704506404575592360334457040.html

Ireland’s Debt Servitude

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100008812/irelands-debt-servitude/

[Happy Rain]

The Euro has always been Monopoly Money—there is no Euro nation—there is France Germany Greece etc there is no Euro--when nations decide to stop playing the board game--nationalism—the normal behavior of peoples bound together by distinctive customs cultures and mores will make the paper subjective script when times get tough.
The USA has “invested” trillions in propping up a Europe as stable as it was in 1919 only this time instead of a few nations defaulting we will have to eat the debt of a whole continent. and on top of the Obama debt we,our children,and their children,will have to develop the ability to graze in order to survive.

[Nervous Tick]

>> We will have a few more episodes like this before both fall off the cliff.

Can’t you just let me enjoy my American schadenfreude for a little while, without bringing me down with that off the cliff stuff?

:-)

[Oatka]

Indeed, over the past decade, Greece, Ireland, Portugal, and Spain all ran up extraordinarily large budget and balance-of-payments deficits that will be extremely difficult to correct without their own separate domestic currencies.

i.e. "Quantitative Easing" until they go Weimar Republic.

[UCFRoadWarrior]

It is more and more obvious Globalism is Dead.

The first major nation that drops a unified currency, stops or limits free trade, and gets out of the WTO, IMF, etc...is going to be a big winner

[The Comedian]

"Economic Holocaust" ping.

Increasing volume ping list watching the slow motion Economic Holocaust.

FReepmail me if you want on or off
The Comedian's "Economic Holocaust" ping list...

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