Course set for an economic world war

Skybird · 11-09-10, 10:15 AM

US to bully Germany over trade surplus

US has lived for too long on borrowed money

Germany blasting Bernanke

I do not know if the US will get it's way with the EU or singled-out Germany, I tend to not to think so. But I'm sure that they will bite on granite with China.

Amazing how the anglosaxon idea of globalising the economy first damaged their own economies at home and now leads to the direct opposite of what they claimed they always want: from liberalising trade towards a new era of protectionism and currency war.

THE ICF recently proposed to get back to the gold standard. I do not know if that is realistic or achievable, but something like this, a mandatory way to add back a value to money that reflects real values of an economy, would be highly desirable. Right now, they gamble with casino chips only, with toy-money. What is being tried right now, especially by the Fed, is to play the global game in a "god mode" by using the infinite-money cheat. It seems Washington is determined (=desperate?) to relativise the American economic weakness by weakening stronger economies on other continents, instead of solving the immense structural problems of the no longer competitive US economy. Maybe that approach would work if being run from a position of strength, like in the past. But this stronger position is no longer the case. If this strategy of relativisation still can be successfull with resistence from new, stronger players like China, also India and Brazil, remains to be seen. Regarding the longterm perspectives, I doubt it. The other players are sick and tired of worthless bonds and inflationary printed floods of every new US money chips. Recent weeks ironically have seen a massive shift of investory, out of US bonds and the dollar, towards the - Euro.

A move that can easily backfire - I would not invest in either the Euro or the Dollar.

The EU does not seem to profit from the American weakness, though, having lost reputation and weight on the political stage in the recent 1-2 years, as was to be seen on several international meetings and summits were they were no longer be treated as equally important "partners" by China, the US, India.

The bigger the EU became, the weaker it became. What was it that they say about too many cooks and their brews...?

11-09-10, 10:15 AM	#1
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,602 Downloads: 10 Uploads: 0	Course set for an economic world war US to bully Germany over trade surplus US has lived for too long on borrowed money Germany blasting Bernanke I do not know if the US will get it's way with the EU or singled-out Germany, I tend to not to think so. But I'm sure that they will bite on granite with China. Amazing how the anglosaxon idea of globalising the economy first damaged their own economies at home and now leads to the direct opposite of what they claimed they always want: from liberalising trade towards a new era of protectionism and currency war. THE ICF recently proposed to get back to the gold standard. I do not know if that is realistic or achievable, but something like this, a mandatory way to add back a value to money that reflects real values of an economy, would be highly desirable. Right now, they gamble with casino chips only, with toy-money. What is being tried right now, especially by the Fed, is to play the global game in a "god mode" by using the infinite-money cheat. It seems Washington is determined (=desperate?) to relativise the American economic weakness by weakening stronger economies on other continents, instead of solving the immense structural problems of the no longer competitive US economy. Maybe that approach would work if being run from a position of strength, like in the past. But this stronger position is no longer the case. If this strategy of relativisation still can be successfull with resistence from new, stronger players like China, also India and Brazil, remains to be seen. Regarding the longterm perspectives, I doubt it. The other players are sick and tired of worthless bonds and inflationary printed floods of every new US money chips. Recent weeks ironically have seen a massive shift of investory, out of US bonds and the dollar, towards the - Euro. A move that can easily backfire - I would not invest in either the Euro or the Dollar. The EU does not seem to profit from the American weakness, though, having lost reputation and weight on the political stage in the recent 1-2 years, as was to be seen on several international meetings and summits were they were no longer be treated as equally important "partners" by China, the US, India. The bigger the EU became, the weaker it became. What was it that they say about too many cooks and their brews...? __________________ If you feel nuts, consult an expert.