Quote:
Originally Posted by daddi
In what way are things worse in Europe than the US? Unemployment in the US is 8,2 percent, that maybe a bit lower than the +9% Germany has but at the same time Germany is not stifled by Chinese loans like the US. Did you know that if the US treasury would collect all the dept that the US government ows there would be a total collapse of the US economy. Iceland went through a total collapse of all the banks in the country and had to get help from the IMF, 3 years later we have paid almost 25% of that help back and still only have 7,5% unemployment. Stop whining and get to work rebuilding the USA like it was built during the babyboom, the biggest problem facing US economy today is people expecting the government to pay without realizing that the people make the government.
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Icelands problems were irellivent to the world given the tiny size of the country. I mean in economic terms, not physical. Europe's problems are not.
When Europe implodes the US will not, in my opinion be able to avoid the fallout as the worlds financial institutions are so intertwined. Pretending we can redo the baby boomers years is silly unless of course you're Chinese. Those times are past and wont be returning in my lifetime. I see a bad moon risin...
- Peter.
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2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S