Comments on: Europe Risks Another Global Depression

By: Ron

Ron — Tue, 02 Mar 2010 03:06:34 +0000

“God made women as helpers, but not leaders of men, however, Sarah is a wonderful person and she is in this position not because she is female”

Ok, try to separate your 1950s archetypes from the modern body of politics.

Margaret Thatcher was one heck of a lady and ran a nation, just fine. Even your buddy, Prez Reagan was her ardent supporter.

By: Ron

Ron — Tue, 02 Mar 2010 02:51:37 +0000

In America, there’s no such thing as a third generation Turkish-American, fair skin, who speaks perfect English, & who isn’t assimilated into the American mainstream, able to work in the Fortune 1000 w/o active discrimination.

In Germany, these German-Turks are outsiders, even generations later. How do you account for that? That’s European racism.

By: gaga329

gaga329 — Thu, 11 Feb 2010 18:43:40 +0000

Hey pal. How do I subscribe to you?

By: Sid Finster

Sid Finster — Thu, 11 Feb 2010 14:32:10 +0000

Having lived in the US and various parts of Europe: yes, especially as regards race.

The racial attitudes of the average Belgian or French person would horrify many members of the KKK.

When I lived in DC, I made the acquaintance of a young French citizen. He told me that now that he had seen the US, it was his dream to emigrate.

“Why, I asked? I thought life in France was pretty decent.”

“You don’t get it, he replied. My passport says “Republic of France” but by origin I am half-Jewish, half-Arab. You don’t notice these things and to you, they don’t mean anything. In France, they do. I like it here.”

As oon as I heard the words “France,” “Jewish” and “Arab” the light went on in my head. “Welcome home, brother!”

By: navedz

navedz — Thu, 11 Feb 2010 09:18:09 +0000

When people of a country spends on all kind of unlawful leisure.. you cannot expect them to flourish for life. Someday somewhere down the line.. God holds you accountable. Bailout is not the option… the best option is to love all and be united and spend on necessary things and most importantly stay away from Sins… as defined by God. May God help us all.

By: Rodney's Revenge

Rodney's Revenge — Wed, 10 Feb 2010 20:49:48 +0000

I am a little slow, but I cannot believe that you are suggesting America is more racially and religiously tolerant than Europe? Please tell me I misunderstood…

By: marcusguernsey

marcusguernsey — Wed, 10 Feb 2010 20:34:09 +0000

Tracey1212: You make some interesting facts,and Yes,we were always taught that the USA was the best country in the world.but a lot has changed since then,and no,that is not the fault of the American people.You need to balance all of that nationalistic pride with some hard cold facts about what the current american gov`t is doing and will continue to do.It has gone way beyond a joke now.Yes,America did help many many many countries around the world,but they have also helped to colonize a lot of them along the way.Balance out all the rhetoric.

By: tippygolden

tippygolden — Wed, 10 Feb 2010 15:26:21 +0000

Yep … and just before the housing bubble broke in America the Harper government was opening our housing market to 40 year 0% down mortgages backstopped by the CMHC … or whatever … as a new horizon for economic growth and future prosperity

By: Depression

Depression — Tue, 09 Feb 2010 23:19:43 +0000

Good point. This will occur more and more often as world market becomes stronger.

By: monkeywatcher

monkeywatcher — Tue, 09 Feb 2010 22:48:47 +0000

I forgot:
… and kick them out of the european union immediately for breaking every bit of treaty. Let them join Turkey, Libya or Ägypt. That’s were they belong

By: monkeywatcher

monkeywatcher — Tue, 09 Feb 2010 22:44:11 +0000

EU officials find out that Greece had cooked his books by BILLIONS of Euros for decades. (latest revelation 40 billion of hidden (!!!) debt). On the basis of real numbers, Greece did never qualify for the Euro. Greek society is traditionally functioning by widespread corruption. In fact greek state is unable to keep an honest accounting of it’s finance (typical balkan/mediterrenean). So dead people receive pensions and money is paid to family members and “friends” for nothing. The hole greek society is boardering on anarchy. This parasitic cesspool has been functioning only on european subsidies (at least 50 billion Euros in the last decade) and making a huge debt pile of at least 300 billion (probably more, when all is revealed). Today the hoodlum of greek premier had the nerve to say this: Greece made tragic mistace – LOL!!!
The other mediterranean scoundrels did more or less the same. (Better not think about the numbers involved)
And now Germany and the other civilized parts of europe have to pay the bill?
I say NO! Let them pay back every cent – even it takes hundred years.

By: StatsGuy

StatsGuy — Tue, 09 Feb 2010 20:12:48 +0000

“Guess what government agency was founded in 1915 and inflated the currency to the point where we got two bubbles in two decades. The Fed.”

That, I think, is the point – the Fed responded aggressively in the early/mid 20s, and chose not to respond in the early 30s. So the fact that the 1920s depression was so brief is actually a counter-example. Read Lords of Finance.

“The only thing the government should have done was to meet obligations on FDIC insurance, and do the same for 401k money markets.”

Well, that would have covered me… But the real wealth sloshing around in fear searching for safety was not covered under FDIC caps or 401Ks. What you are talking about would have amounted to a massive transfer of wealth away from the rich. Do you really think that would have passed political muster? I’m curious why you think this would have inflated the money supply, unless you are thinking that the Fed would have _directly_ covered these accounts via its own balance sheet.

By: monkeywatcher

monkeywatcher — Tue, 09 Feb 2010 17:16:03 +0000

I wouldn’t go that lyrical. Let’s tell the truth:
The western civilization has transformed into breeding crooks, parasites, monkeys and massive pollution instead of honest work and intelligence. I say, let the asians take over.

By: bren

bren — Tue, 09 Feb 2010 12:44:31 +0000

money is highly over-rated

By: alainL

alainL — Tue, 09 Feb 2010 10:14:06 +0000

turkeyfish: “…its virtually impossible to design a projectile capable of intercepting another projectile traveling at very great speeds.”

Uh, you need to get out more. We are in a new millennium in case you hadn’t noticed.

http://closingvelocity.typepad.com/closing_velocity/mark_india/