Fox McCloud
Member
- Joined
- Oct 27, 2007
- Messages
- 4,726
The only reason the EU is doing well, right now, is that their currency is NOT the world's reserve currency (ours is). We have the distinct advantage of exporting our inflation to the world (which keep the dollar the same, here at home)...sadly though, this has two drawbacks--we can under-export (which we've done, and why we have massive inflation at home), and it gives the foreign nations to buy out our own country from under us.
The EU is doing well because people perceive the dollar as weak, and the Euro as being strong. However, that said, from what I've heard by a few smarter-than-average Europeans, despite the fact that they are not the world's reserve currency, they have a housing bubble, not to mention a few others...and their their economy is in just as much trouble as ours is...or at least will be, the signs just aren't fully showing yet.
Either way, when the dollar is considered useless, the Euro will become the world's reserve currency...guess what they'll do? The same thing as us...the only thing is, they won't be able to do it for nearly as long, as they're already in trouble, not to mention they didn't have near the influence (militarily or economically) as we did.
Not sure what would happen after the Euro and the Dollar crashed...a NAU+EU currency? Geesh, that's a scary thought....though it wouldn't surprise me.
Russia is the one who's sitting well right now--they have 0 debt, and 100% of their currency is backed by gold, silver, platinum, oil, or natural gas....of course, I don't think they're doing it for their people, I think they see what's coming, and they're trying to set themselves up to become a world power once things are pulled out from underneath them.
Also, let's not forget the EU is collectivist over individualist...yes, it might appear they have more rights than us (on the surface), but they're collectivist rights, not individualistic rights.
An excellent example of this (so I've heard) is that if you're a OB doctor, and a woman wants and abortion from you, if you refuse, your medical license can be revoked (before the EU formed it wasn't like this)--definitely a collectivist right there...not to mention (IMHO) an immoral one.
Of course, the UN supports population control...why wouldn't the EU?
The EU is doing well because people perceive the dollar as weak, and the Euro as being strong. However, that said, from what I've heard by a few smarter-than-average Europeans, despite the fact that they are not the world's reserve currency, they have a housing bubble, not to mention a few others...and their their economy is in just as much trouble as ours is...or at least will be, the signs just aren't fully showing yet.
Either way, when the dollar is considered useless, the Euro will become the world's reserve currency...guess what they'll do? The same thing as us...the only thing is, they won't be able to do it for nearly as long, as they're already in trouble, not to mention they didn't have near the influence (militarily or economically) as we did.
Not sure what would happen after the Euro and the Dollar crashed...a NAU+EU currency? Geesh, that's a scary thought....though it wouldn't surprise me.
Russia is the one who's sitting well right now--they have 0 debt, and 100% of their currency is backed by gold, silver, platinum, oil, or natural gas....of course, I don't think they're doing it for their people, I think they see what's coming, and they're trying to set themselves up to become a world power once things are pulled out from underneath them.
Also, let's not forget the EU is collectivist over individualist...yes, it might appear they have more rights than us (on the surface), but they're collectivist rights, not individualistic rights.
An excellent example of this (so I've heard) is that if you're a OB doctor, and a woman wants and abortion from you, if you refuse, your medical license can be revoked (before the EU formed it wasn't like this)--definitely a collectivist right there...not to mention (IMHO) an immoral one.
Of course, the UN supports population control...why wouldn't the EU?