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post #721 of 1006 (permalink) Old 02-26-2012, 12:12 AM
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Re: Financial clusterfuck in Europe

Quote:
Originally Posted by Dougie View Post
The United States´ problems are not pimarily due to increased global competition, the deregulationary policies they have implemented since the 1980´s have caused a lot of severe internal problems for the US. You need to look up the primary reasons of the recession in the US ( housing bubble, financial derivatives etc). Nothing to do with increased global competition, even if China is a big issue for them nowadays as well.

As for Europe, it has no "heavy, socialist policy", it still consists of independent countries. The issues that got Greece into the whole mess are not "trying to be on the same level as Germany", it´s way deeper than that. Those are also the reasons Greece should never have been accepted to EU, but now that they have, it´s a mess that involves the whole Europe.
Yes, yes, I agree, I wasn't going in deep, but just giving an overview of how I see it. I think is a fair assessment to say that the US anti-regulation policies of the right, which in big part caused the housing bubble, add to that the costly decade long conflicts, the US found the mess they are in.

The US mostly liked to see itself as to the right economically, when they were so ahead of the curve, in a bubble it worked for decades, in more globalized world, the trickle down economics becomes a much harder approach. For example, an Auto worked used to live high in the US in the 70ties, noways with factories everywhere it becomes a whole other matter. That's where socialization comes in, you can't depend on companies alone to socialize society anymore.

Europe is not a heavy socialized Continent? Compared to the rest of the world even the US, Europe is quite socialized. Which country in Europe doesn't have free healthcare, lots of assistance in Education, great social safety nets, retirement pensions, high taxes rates generally etc.

I am more left leaning specially economically as one can tell and I think most of Europe is a great inspiration of social and economic policies, much more so than the US, which I think economically it is too wild and free for all type of capitalism, which is causing great inequalities and an actual welfare to the corporation rather than to the people which Europe does, but the EURO currency creates imbalances when countries like Greece and Germany bunched up together.

It is a question of finding a balance, but in no way I would advocate becoming like the US, as I said the US will actually need to become more socialized if they plan on keeping a high HDI, poverty and inequality there are rising sharply over the last 10 years or so.

Having to inject some politics into this, Obama is helping to put the US in the right direction. Now, if in comes another right wing nut job over there, probably say hello another long and costly war with Iran, more tax cuts and deregulation and you will have the US sink even further. I hope it doesn't happen though, nobdy wins really with a sinking US.

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post #722 of 1006 (permalink) Old 02-26-2012, 03:12 AM
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Re: Financial clusterfuck in Europe

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Originally Posted by Rrrainer View Post
[YOUTUBE]http://www.youtube.com/watch?v=eL5hqvTWkYg[/YOUTUBE]

worth your time. even mainstream media is covering the guy.

http://www.welt.de/politik/ausland/a...chwoerung.html
[youtube]eL5hqvTWkYg[/youtube]
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post #723 of 1006 (permalink) Old 02-26-2012, 03:41 PM
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Re: Financial clusterfuck in Europe

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Originally Posted by Jimnik View Post
Man you're left-wing.
Man you're right-wing.

Am I doing it right?
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post #724 of 1006 (permalink) Old 02-26-2012, 08:20 PM Thread Starter
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Re: Financial clusterfuck in Europe

http://www.nytimes.com/interactive/2...ap.html?src=tp

Quote:
The Geography of Government Benefits
government benefits across america have nearly tripled from 7.8% of all personal income in 1969 to 17.6% in 2009. wowza. so much for the american society and its safety net being completely unlike europe...
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post #725 of 1006 (permalink) Old 02-26-2012, 08:27 PM Thread Starter
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Re: Financial clusterfuck in Europe

more fun stuff...

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post #726 of 1006 (permalink) Old 02-27-2012, 12:54 AM
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Re: Financial clusterfuck in Europe

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Originally Posted by Garson007 View Post
Man you're right-wing.

Am I doing it right?
I'm not right-wing.

I guess you're doing it wrong, whatever "it" is.
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post #727 of 1006 (permalink) Old 02-28-2012, 02:06 PM Thread Starter
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Re: Financial clusterfuck in Europe

http://www.zerohedge.com/news/goldma...2%AC1-trillion

Quote:
Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP)
as per usual, germany will bleed eventually.

i see myself emigrating in the near future.
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post #728 of 1006 (permalink) Old 02-28-2012, 03:50 PM
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Re: Financial clusterfuck in Europe



Relax Rainer. Germany'll be fine.

Besides, if push comes to shove and Germany ends up bleeding you'll have nowhere to emigrate to.

Quote:
Originally Posted by philosophicalarf View Post
Armstrong says in-competition testing will never catch anyone, only out-of-competition testing and the blood passport can.

Tennis has no blood passport system, and does basically no out of competition testing.

The methods and drugs used by Armstrong in 1999 would work in tennis right now, with zero chance of being caught (not slightly surprising to anyone familiar with the topic, btw).
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post #729 of 1006 (permalink) Old 02-28-2012, 03:53 PM
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Re: Financial clusterfuck in Europe

I was reading this on the train back from work the other day and found it pretty interesting:

http://www.spiegel.de/international/...814920,00.html

Quote:
Originally Posted by philosophicalarf View Post
Armstrong says in-competition testing will never catch anyone, only out-of-competition testing and the blood passport can.

Tennis has no blood passport system, and does basically no out of competition testing.

The methods and drugs used by Armstrong in 1999 would work in tennis right now, with zero chance of being caught (not slightly surprising to anyone familiar with the topic, btw).
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post #730 of 1006 (permalink) Old 02-28-2012, 03:53 PM
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Re: Financial clusterfuck in Europe

Rainer will get a job in Zürich and emigrate to the parasites
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post #731 of 1006 (permalink) Old 02-28-2012, 03:55 PM
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Re: Financial clusterfuck in Europe

Is that Aaron Paul in your avatar?

Quote:
Originally Posted by philosophicalarf View Post
Armstrong says in-competition testing will never catch anyone, only out-of-competition testing and the blood passport can.

Tennis has no blood passport system, and does basically no out of competition testing.

The methods and drugs used by Armstrong in 1999 would work in tennis right now, with zero chance of being caught (not slightly surprising to anyone familiar with the topic, btw).
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post #732 of 1006 (permalink) Old 02-28-2012, 03:57 PM
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Re: Financial clusterfuck in Europe

Yes it is
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post #733 of 1006 (permalink) Old 02-28-2012, 04:33 PM Thread Starter
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Re: Financial clusterfuck in Europe

i'm gonna emigrate to sweden or norway, the two countries closest to perfect nationhood.

@ har-tru

Quote:
SPIEGEL: But you push for lower interest rates or access to "cheap money," for instance. Both steps would help you as an investor.

Soros: That is true. But it would also help all other investors and it would help to preserve the global financial system. In that sense, I am concerned about my own interests.
if i was a hedge fund manager, active or inactive, or anyone with close ties to the banking industry, i'd push the same agenda as soros. one of the pitfalls of the current crisis is that pretty much every "expert" has vested interests in one way or another. impartial pundits are virtually non-existent.
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post #734 of 1006 (permalink) Old 02-28-2012, 09:51 PM
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Re: Financial clusterfuck in Europe

But then you have to learn a new language.

How many famous Germans do you know that moved to Scandinavia?
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post #735 of 1006 (permalink) Old 02-29-2012, 01:54 AM
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Re: Financial clusterfuck in Europe

Sweden sounds like a good place for living, nice people, I would have my own röda stugor, go hiking and watching birds each day and then Bergman films in the evenings with my family. I would do it if I didn't have to earn money, pity.

Quote:
if i was a hedge fund manager, active or inactive, or anyone with close ties to the banking industry, i'd push the same agenda as soros. one of the pitfalls of the current crisis is that pretty much every "expert" has vested interests in one way or another. impartial pundits are virtually non-existent.
Crisis situations have always been great opportunities for people that handle money flows. The best opportunity there is, in fact. Eventually, in hindsight we will probably look at this thing as a great wealth transfer from some people to some other people. The former will be a clear majority, no doubt, I don't think I said something that most people don't know already. The best thing an average person can do right now is try to protect what they have from vultures, focus on themselves, adopt healthy skepticism and even earn something with some luck.
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