Quote:
Originally Posted by Skybird
German public debts have exceeded 2 trillion Euros. Calculating all pensions and obligatiosn from current employees in poublic service, analysts estimate the real debt burden caused by the stazus quo and the curreently living people in the range of 6-8 trillion. Compare this to the US with 5 times as big a population - but only (roughly) two times as high a public debt currently. One could argue that Germany financially is worse off than the US. The difference is that markets and most people still have not won full awareness of it - that'S why we still get a better credibility score than America over our financial situation, and find it easier to lease money. But as I see it there is a very solid chance that we will fall from higher, and crash at the bottom with a much louder bang one day in the future. And then it is once again party time in Europe.
Its all madness. M-A-D-N-E-S-S.
|
Taking into consideration what happened last time when German economy collapsed I would prefer not to be anywhere nearby you (Germany) when that happens.
__________________
You talk to God, you're religious. God talks to you, you're psychotic. - Dr. House
|