Quote:
Originally Posted by Frank21
lol this is where i quit reading.
If the bankers would not let the EU countrys and especialy taxpayers pay for the bankers debt, then the EU would be perfectly fine.
90% of the so called European debt is debt made by bankers, not by the taxpayers themself.
If the EU would not
By the way it is not ment to solve the european crisis the plan is to bankrupt the EUSSR and the USA. Lower the western countrys and enrich the poor countrys so everyone will have the same read be poor and work for third world wages.
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Yes, the bankers didn't have the debts. The lenders had the debts, they couldn't repay.
Yes the banks should of stopped lending to these countries. Because I expect bankers to have more brains that politicians and voters. Still the bankers knew there was a big chance countries who were not in debt, would bail them out. Still makes the countries and the voters responsible ultimately.
True about lowering the wealth of the rich countries. Those who had terrible economies and GDP, borrowed to a level that was unsustainable. If they didn't know they were borrowing way above their ability to repay, why were they even running the country? The rich nations stood back and did nothing. Just allowed it to carry on.
Now we have all those in debt struggling to repay the debt, threatening the banks and all of our economies. If you have anything in a bank account, you're at risk. The more you have with the financial sector the more you risk. My pensions have been downgraded by a big slice, being level headed about it all, by thinking the leap they took was based on the loans. So a false leap.
If you have a bank account, insurance, pensions, etc you're directly effected. If your income relies on people's ability to spend on a little luxury, like porn, your income might be squeezed. Because people in the poorer sector of the EU over borrowed.
The actual idea of making Europe one State, like the USA is flawed. If not stupid and that's the ultimate aim of these politicians.
America financially is a far more level playing field than Europe. America is a very new country, people who live there are Americans, tot Texans, Californians or Idahoans first. They have a common language, a worker in Boston can up tools and move to San Diego to get a job.
Europe is a collection of countries with very different cultures, history, languages, personalities and financial levels. The differences change as soon as you cross a border.
Thinking that politicians who can hardly agree on the recipe for a goulash can run a single currency is ludicrous. The ultimate blame lies with the bureaucrats who dreamed it was possible. Without have a clue what they were doing. Even the "Father of the "Euro" Jacques Delores thinks this.
Quote:
Originally Posted by mafia_man
When did the "lefties" fuck up?
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When they thought they could join Europe together as one Socialist Union.