And to answer your question, they shouldn't. It's a currency issue and the boneheads refuse to learn what we learned from the Articles of Confederation over two hundred freaking years ago. You don't have a unilateral currency without unilateral taxation and enforcement powers.
Thoughts on the stock market and
- Thread starter Dr. Jones
- Start date
Why is Germany so ****ing dense?
MoreFeasts
Member
You aren't expressing yourself clearly. Maybe if you splain yourself instead of just slandering people ....
scootsy
Well-Known Member
Agree generally with you here. At this point, the best option would really be the dissolution of the euro (obvi not gonna happen since Latvia was just given permission to adopt the currency) since the EU will NEVER become a single country and top government authority.
D
Deleted member 848
Guest
What do you think Germany's thinking is, behind their actions? Genuinely curious.
Yup.
MoreFeasts
Member
So then why do you say it is the best option?
scootsy
Well-Known Member
Because of this.
Its at the heart of the problem, the EU can't continue being the regulator in the position its in because individual countries can still spend totally recklessly.
Duck Rodgers
Well-Known Member
You solely in EWJ?
Common voter? They don't need to bail out those who "don't work".
It's hard for average joe to understand simple economic principles. Most people seem to think money is wealth like the old gold hoarding kings and Spanish conquistadors did, even though Adam Smith crushed this silliness with production + service base = true wealth.
People like to look down their noses at everyone thinking we all want to be lazy asses, and nobody wants to "bail out" the lazy. It's all a fable built on shoddy logic though.
Good point, although euro encouraged it with cheap interest rates.
No. 1/3rd and shrinking fast. Some of my measures had it up to 400% undervalued (ie market cap to GDP growth ratio). I'm comfortable sticking with it as an out to the big Fed question that none of the bright minds have an answer to.