03-28-11, 07:02 PM
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#11
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Chief of the Boat
Join Date: Feb 2006
Location: 250 metres below the surface
Posts: 190,526
Downloads: 63
Uploads: 13
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Quote:
Originally Posted by Skybird
Age structure and demographic trend.
High vulnerability due to extreme dependency on exports.
High risks due to the Euro rescue.
Highly deficitary budgets.
high debts.
Budget deficits and debts growing due to bailing out other Euro-countries.
Self-imploding spiral of interest-service (="spiral of death"). In the long run, this is the most lethal aspect of all.
"Made in Germany" having lost relevance, others have closed the quality gap since long, even often surpassed us. Brain drain, technology transfer.
Suicidal feedback by exaggerated social system due to few and fewer young peopople having to come up for more and more old people (consider demographics mentioned above).
Fact is that first rasting agencies have started to consider to downgrade Germany's credibility. The markets start to realise that Germany allowed to get hopelessly overburdened with bailing out budget offenders now and in the future.
We accepted more responsibilities than even our economy could shoulder. But the distortions started much earlier, decades earlier: the culture od making debts, debts and more debts.The prediction for out future status already was critical before the economic global crisis and the Euro crisis broke out. The Euro - just gave us the rest.
Wait some years, you will see I am right. Markets alrerady have started slightly against Germany, since aroudn one year - they realised that we bit off more thna we cvould chew, that the Euro obligations we accepted will overwhelm us sooner or later, and also that there is prey to make.
Politicians, of course, do not tell you such things. Where Portugal, Japan (I mean the economy and fiances, not the disaster), Greece, the US and England already are today, we will be in future years not too far away.
You comared Germany to Sweden. You better don'T The Swedes have a relatively stable and solid currency, like the Swiss as well, and they have started to move away from their former super-socalistic community utopia as well. Also, the German bureaucracy is extremely unflexible and petrified. The superimposed EU bureaucracy do not especially help in this.
Sweden and Switzerland are in much better positions than Germany, for several reasons. And they would be stupid to join the Eurozone, or submit to Brussel's regime (Switzerland). They have little to gain and much to lose.
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Lol....stop feeding the you know what
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Wise men speak because they have something to say; Fools because they have to say something.
Oh my God, not again!!
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