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Thread: Obama: Solving Euro Crisis of ‘Huge Importance’

  1. #21
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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by AdamT View Post
    No. If the Euro fails, which is unlikely, it will result in more national currencies -- not a more unified currency. Paul is a nutter.
    Quote Originally Posted by Rhapsody1447 View Post
    I would say, if anything, this is proof that an international fiat currency WOULDN'T work. The lesson learned from the EU failure is that you can't tie different countries with different cultures and economies into one monetary union. You will always end up having the rich countries bail out the poor ones and with relatively overpriced and under priced currencies.

    I am not saying that it is reasonable, smart, or going to happen. I am also not sure why you say he is a nutter because he says that OTHERS are pushing for such a system. I believe his claim that some would like to see this happen. As we know some wish to see a global government as well. Why would these people not also like to see an international currency.

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    The Europeans shouldn't one read dime, unless they pass drastic austerity measures.

    Wanna raise my taxes, just so they don't have to cut their out of control spending? Not with my mother****ing money, they won't.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by Baralis View Post
    I am not saying that it is reasonable, smart, or going to happen. I am also not sure why you say he is a nutter because he says that OTHERS are pushing for such a system. I believe his claim that some would like to see this happen. As we know some wish to see a global government as well. Why would these people not also like to see an international currency.
    "Some" would like to see a lot of things, but there is no major movement and not even remote chance that there is going to be a unfied currency or global government in our lifetimes. Unfortunately it's this kind of nonsense that cause people to dismiss Paul and the many reasonable things that he has to say.

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by 1Perry View Post
    And I thought Europe solved this problem many times over already. They were all patting themselves on the back not long ago.
    Germany saved itself by responsible government. Unfortunately for Germany they are tied into the Euro, so now as the only real financially solvent government they are being begged to save everyone else. Problem with saving everyone else is everyone else isnt willing to do the hard work at home, which means Germany is going to likely be sucked down with the rest of them.

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by apdst View Post
    The Europeans shouldn't one read dime, unless they pass drastic austerity measures.

    Wanna raise my taxes, just so they don't have to cut their out of control spending? Not with my mother****ing money, they won't.
    Indeed. If Obama follows through and tries to bail our Europe when we already can't sustain our own spending...

    wow.

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by VanceMack View Post
    Germany saved itself by responsible government. Unfortunately for Germany they are tied into the Euro, so now as the only real financially solvent government they are being begged to save everyone else. Problem with saving everyone else is everyone else isnt willing to do the hard work at home, which means Germany is going to likely be sucked down with the rest of them.
    So you're a fan of Germany's social democracy? I'm surprised.

  7. #27
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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by VanceMack View Post
    Germany saved itself by responsible government." Unfortunately for Germany they are tied into the Euro, so now as the only real financially solvent government they are being begged to save everyone else. Problem with saving everyone else is everyone else isnt willing to do the hard work at home, which means Germany is going to likely be sucked down with the rest of them.
    I would change your first sentence to "Germany saved itself with it's industrious people. If I were Germany, I wouldn't put up with the slackers any longer and kick them out. Germany is willing to bail them out if they can pass modest austerity measures. They can't even do that and in response, they riot in the streets and depict Angelo Merkel as Adolf Hitler. I would say good riddance.

    Welcome, once again, to a Europe run by Germans. Nigel Farage puts it pretty harshly:



    Hell this was in MARCH 2010
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by 1Perry View Post
    Germany does not have the ability to solve Europe's problems.
    ??? The reforms that are required to save the Euro Germany is firmly opposed to.

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by drz-400 View Post
    ??? The reforms that are required to save the Euro Germany is firmly opposed to.
    Can you link to some of these? I am not as well versed in the specifics as I should be. All I know is that the Germans are opposed to balance sheet expansion by the ECB which is quite justified given their history with inflation and statutes that were written when the ECB was setup to prevent this very type of thing from happening.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Germany is saddled with much responsibility to resolve the problems of the less successful European states, but let's not forget that much of Germany's prosperity is also attributable to its export economy and the benefits it received from the Euro and Eurozone free trade policies.

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