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Non corrupt politicians are an extinct species :?
Non corrupt politicians are an extinct species :?
The last hope of the USA
- Thread starter Bram J
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Bram J
Retro Guru
Hey Mikee,
If you know where money comes from I might understand your thoughts about the euro (in it's current form), but that would implicate that you would have to know that your own country is in the same shit as the rest of us.
What happens in the City? Who owns the stocks of your central bank? Why is there always inflation? Why is the national debt ever-growing? Why does the economy have to keep on growing?
Why are those producing all the real wealth in the world in debt with the bankers who do nothing more than printing money out of thin air, lending it out and charging interest on it?
We should print our own interest free money.
I know some will understand.
I know many won't.
If you know where money comes from I might understand your thoughts about the euro (in it's current form), but that would implicate that you would have to know that your own country is in the same shit as the rest of us.
What happens in the City? Who owns the stocks of your central bank? Why is there always inflation? Why is the national debt ever-growing? Why does the economy have to keep on growing?
Why are those producing all the real wealth in the world in debt with the bankers who do nothing more than printing money out of thin air, lending it out and charging interest on it?
We should print our own interest free money.
I know some will understand.
I know many won't.
Bram J
Retro Guru
tintin40":2tkd33hi said:al":2tkd33hi said:
Agree. Nothing will change.
What's wrong the main man now?? I'd vote for him
With Ron Paul everything will change.
Must say Obama is not too bad, but he hasn't what it takes to reform the monetary system, which is the only structural solution to the recession.
Just my two cents of course!
velomaniac
MacRetro Rider
When Europe finally realizes that to make the Euro work you have to have a central European government as opposed to many seperate governments and actually achieves it the sneering UK citizens will not be so smug. A big unified and powerful EU will remember who was for the project and who was not.
Only problem is the numerous states will never get it together. Thats why the USA is still a power to reckon with regardless how rubbish there politicians are. All its states sing to the same hymn sheet in all the important matters.
I like the idea of the Euro but it cant work in its present state
Only problem is the numerous states will never get it together. Thats why the USA is still a power to reckon with regardless how rubbish there politicians are. All its states sing to the same hymn sheet in all the important matters.
I like the idea of the Euro but it cant work in its present state
Bram J
Retro Guru
I think I agree. First economic and political unity/co-operation, then maybe monetary unity. IMO Europe wasn't ready for the Euro either. And the current form of the euro is flawed anyway, it will never ever work to the benefit of the people. Whe must abolish the ECB and let the European parliament print out interest-free euros. It will end national debt, it will bring stability and peace.
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I've said the exact same thing on many occasions, velomaniac.
Oh, and while I'm typing, I'll add a bit more. Nevermind the whole political vs monetary union debate for now.
What happens when the Euro collapses? Here's the most likely scenario.
The Euro is one of the 3 most important currencies in the world. If that collapses, the markets (who already are extremely unstable nowadays) wont just crash; they'll implode.
Everyone will be trying to sell their stocks. Due to the supply-and-demand principle of the stocks market, stocks of just about every company will plummet, forcing many of them into bankruptcy.
There'll be loads of unemployed people, and to pay for their unemployment, the government will need to dramatically raise taxes. This only causes a downward spiral, as the surviving companies move to 3rd world countries or China.
On top of that, the people affected by the crisis can't afford anything but the most basic things (if they're lucky), so they'll stop buying consumer products and the economy grinds to an almost complete stop.
This reduces the government's income to such a point that it can't pay unemployment money (or its own debts), and the entire system collapses within two years.
What that would look like? Watch the Mad Max movies and you'll get a pretty good idea (assuming we don't start another world war and nuke the entire human race into oblivion).
Note that I'm not just talking about the countries in the European Monetary Union, but the entire western world. That's the EU zone, the UK, the US and most of Eastern Europe. Most of Asia will take a serious beating as well. You didn't really think that the end of the Euro would only affect those countries within the EU zone, did you?
Oh, and while I'm typing, I'll add a bit more. Nevermind the whole political vs monetary union debate for now.
What happens when the Euro collapses? Here's the most likely scenario.
The Euro is one of the 3 most important currencies in the world. If that collapses, the markets (who already are extremely unstable nowadays) wont just crash; they'll implode.
Everyone will be trying to sell their stocks. Due to the supply-and-demand principle of the stocks market, stocks of just about every company will plummet, forcing many of them into bankruptcy.
There'll be loads of unemployed people, and to pay for their unemployment, the government will need to dramatically raise taxes. This only causes a downward spiral, as the surviving companies move to 3rd world countries or China.
On top of that, the people affected by the crisis can't afford anything but the most basic things (if they're lucky), so they'll stop buying consumer products and the economy grinds to an almost complete stop.
This reduces the government's income to such a point that it can't pay unemployment money (or its own debts), and the entire system collapses within two years.
What that would look like? Watch the Mad Max movies and you'll get a pretty good idea (assuming we don't start another world war and nuke the entire human race into oblivion).
Note that I'm not just talking about the countries in the European Monetary Union, but the entire western world. That's the EU zone, the UK, the US and most of Eastern Europe. Most of Asia will take a serious beating as well. You didn't really think that the end of the Euro would only affect those countries within the EU zone, did you?
Baron von Trumpen Bottom
MacRetro Rider
velomaniac":3dcb8nh4 said:
no thanks we already have an army of un-elected techocrats dictating what the UK should have as law as far as I'm concerned they can shove their metric non bent banana's right up their balloon knot. I'm all for what the EEC was originally for free trade etc not what it's become run by huns and cheese eating surrender monkeys who ignore what laws they pass for others to suit themselves. Looks like Hitler got what he wanted he was just 70 yrs too early.
Better be no more UK money thrown into save a sinking currency.
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