lostyankee
enthusiast
Posts: 1264
Reg: 10-27-05
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05-07-12 07:40 PM - Post#149108
Thoughts anyone? Amazing the changes across Europe in the last several weeks.
Will the anti-incumbent trend follow in the US?
What effects will the socialist victory in France have on debt negotiations? Will France and Greece drive the Euro-zone into another recession by refusing austerity measures?
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weblady
member
Posts: 44
Reg: 10-27-06
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06-15-12 08:29 PM - Post#150205
In response to lostyankee
If Greece drops out of the Euro and votes to defeat austerity, it will affect us very much over here. Hold on to your bank accounts ladies and gentlemen, you are in for a bumpy ride down, down, down. Look for more layoffs in the future and possibly some bread lines. It doesn't look good at all.
I hope not, I have enough, I can't imagine it getting worse.
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carygold
enthusiast
Posts: 4975
Reg: 05-30-08
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06-16-12 12:24 PM - Post#150216
In response to weblady
Business people on Bloomberg TV are saying the drop in US employment is due mostly to a reduction in exports to Europe.
However as of April we were on track to beat the 2011 export numbers which were the second highest in history, next to 2008's numbers.
The analysis is that the monetary experiment of the Euro is a failure and can only be fixed by removing the Euro or creating a common banking system which is unlikely to happen in the current political climate.
Also, the reports are that Spain, having their own housing crisis, is the real threat to global stability, due to the effects on the banking industry.
It appears, that each country is having issues for different reasons, Greece's problem is an over leveraged government, Spain has a banking problem, while Italy and France have some combination of all of the above.
I know the media likes to point at socialism and capitalism as the line in the sand, but both systems are failing in Europe.
I know that there is a lot of money out there, cheap money. Money is in abundance globally. The problem as I see it, is that the money is now concentrated into the hands of a small number of people, globally.
I have no idea how things are going to work out, but one thing is for sure historically, when the economy is bad only a few people have money. Prosperity is when everyone has money, the super rich, the rich, the middle class and even those getting by are getting by on their own labor.
Somehow we need to get back to this balance of money, in the US, in Europe and every other country as well.
I hope it doesn't take a depression to do it.
If CEO's increased their pay at the same rate as Average Americans
their pay would average $1,384,890 not $10,621,000 |
Edited by carygold on 06-16-12 12:26 PM. Reason for edit: No reason given.
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civicminded
Community Guide
Posts: 9256
Loc: Lone Star State
Reg: 04-24-02
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06-16-12 12:52 PM - Post#150218
In response to carygold
Hopefully we don't have a depression, and hopefully the balance mentioned is not the "balance" the progressives seek. There is a difference. Good luck to Greece, Europe, and the West. But good or bad it will not affect the masses that have nothing already. When we have prosperity in our Country, they still don't.  
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