Quote:
Originally Posted by Catfish
It is certainly à la mode to bash the Euro, but if you look behind the especially anglo-saxon stage, astonishingly just of all those agencies like Standard and Poors, Fitch or Moody's always downsize the Euro, while english and US banks and currencies gloriously make their way into the future lol.
As usual it is important to think about who gains the most out of a situation and its own actions ... despite all the public hogwash the european currency is competition and an enemy of the US one, plain and simple. What do you think will happen when oil will be payed in Euro or Yen, instead of US dollars ?
We are in a hot industrial and currency war if you did not realize that before, and american money rating agencies will act accordingly.
Also please to all greeks, you do not really believe what the german Bildzeitung writes is what germans really think, or does anyone believe Silvio Berlusconi's or Rupert Murdoch's media, the "Sun", or even "Fox news" ?
Really  |
Anglosaxon traditions of economy and finance is a branch of its own. The Dollar-run and the Euro-run economies are two totally different philosophies. The difference is that the anglosaxon tradition reaches stellar debt levels earlier, while the Eurppean sphere reaches the same debt levels - just with a delay. Both result in collapses sooner or later, because both are snowballing systems.
If you look at statistics putting into relation the ammount of circulating money and abstract value bookings to the real value of the real economies, you see a still growing bubble spanning from the East to the West and from the South to the North, and most "experts" are busy with trying to pump more air into it. Guess how it will end. It's all bubble-games played by bubble-heads, and 19 out of 20 do not have a smallest clue, are tunnelviewed, unable to see contexts and feedbacks, they are
Fachidioten who cannot think beyond their tight, narrow horizons that end at the rim of their table at the latest.