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The American dollar takes a fall.


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No, the demise of the Euro is due to the severe financial crises in Greece and Ireland. The Greeks seem to regard paying tax as a lifestyle choice and the tax incentives to attract inward investment in Ireland were unsustainable. This is exactly what was predicted when the Euro was first proposed.

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In my view the problem is really the lack of political unity. Every country is looking at the crisis in a different way and each of them tries to propagate its own ideas. The result is hardly any action and if there is action it is too little too late. In many cases any policy would be correct as long as it is consistent, but at the moment there is no policy. The USA has the advantage of a single policy and so do countries like China and Brasil. The situation is worsened by the lack of trust in the politicians. They have obviously failed in many respects, as mentioned by HappyInHeels. The result is that extremist parties get a large vote and run on cheap nationalistic and `anti Europe' platforms. In short: a big mess. Sorting it all out will require some new type of politicians. Y.

Raise your voice. Put on some heels.

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In short: a big mess. Sorting it all out will require some new type of politicians.

Y.

I dunno about ' politicians '. Maybe just ' normal people '. I think it requires just a very small bit of common sense that all to many people dont have. Its a real simple thing : Dont spend more then we take in/earn.

Im not left or right in my leanings, I look at things as ' common sense '. I make ' x ' amount from my working and have to pay ' y ' amount in bills. Whatever is left over is mine to do with as I choose. Very simple thing.

It would seem, in the U.S. and in Europe ( part of it ), They can take ' X ', add ' Y ' to it, and print up ' Z ' and say ' we cant be broke! We still have some blank checks left to write amounts on! ' because the check-book isnt empty of checks. Balance sheets?!?! Eh.. they really need not be looked at.

REPEATEDLY ARGUMENTATIVE, INSULTING AND RUDE. BANNED FOR LIFE.

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The problem is that we live in a world where everyone expects to have a trade surplus. So, for example, we end up with a British policy towards China that says, 'We need you to sell us your goods cheaply so that we can sell our services to you expensively.' Hm, something of the perpetual motion machine in there.

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  • 2 weeks later...

Great Scott man.....wood and metal has the answer! It's not complicated geopolitical stuff but coesm down to a glut of flip-flops. The simple answer comes from the guy who lives closer to "Margaritaville" than any of us. Any complicated can be figured out in the Florida Keys I think. Bartender,, a round for all the hhplace forumers here while we discuss all thes things in our flip-flops, er I mean heels. :santa_hat: HappyinHeels

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