Thoughts on the stock market and
- Thread starter Dr. Jones
- Start date
MoreFeasts
Member
https://www.voxeu.org/article/are-germans-really-poorer-spaniards-italians-and-greeks
Why should Germans be bailing out Spain, Italy, Greece, Portugal? It's not fair.
Why should Germans be bailing out Spain, Italy, Greece, Portugal? It's not fair.
That's so Stockholm Syndrome. The rapist is really a breadwinner who should be thanked for providing, right?
MoreFeasts
Member
Rape? wut?
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.
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.
D
Deleted member 848
Guest
I was thinking more the people running the country-- why they're making the decisions they're making. Do you think it is because thats what the voters want? I mean clearly they're doing what they think is correct-- and I think they are doing it not simply because thats what their voter-base wants.
The only reason I bring this up is because I wouldn't really classify Germany as a country that has often suffered from inept ruling. They've historically been one of Europe's best, apart from being crippled by the Treaty of Versailles. So I'm cautious before calling their governing body idiots-- again, I know next to nothing regarding their economic policies, or the flaws of their policies. I was simply trying to ask if you knew what the thinking was behind their actions
MoreFeasts
Member
Who thinks this about politicians? You must not be from around here.
D
Deleted member 848
Guest
https://www.cbc.ca/m/touch/news/sto...nt-rathgeber-resigns-conservative-caucus.html
The analogue of an American congressman from close to my hometown just stepped down, and removed every association between him and his political party, the Progressive Conservatives of Canada.
He did this because his party is refusing every motion to try and publicize the spending of Canadian politicians making more than $180 000 a year-- he was big on trying to make the Canadian government as transparent as possible.
He will continue his position as a Member of Parliament-- only he will now be an independent.
So yes, I have every reason to believe that there are politicians out there who are acting in the best interests of the people they represent. I don't have much care for the all politicians are out to get us!!1!! diatribe.
Just wrote a freaking essay and got dc by my hotel...
I'm American so naturally don't care much about other world politics, mostly ignorant pov. My best guess is a populace severely worried about inflation due to lingering Versailles memories. But that hyperinflation has nothing to do with modern conditions. The gold bugginzes here like to point to Weimar "learn urs history er repeate it" while conveniently forgetting the 800% GDP war reparations payable only in gold bullion.
People tend to see money not as a medium of exchange meant to facilitate wealth accumulation but something supplant real wealth. So naturally the hard working Germans don't want to "bail out" the lesser nations by increasing euro volume to healthy levels. They see this as giving true wealth instead of nominal and relatively meaningless euros.
Angela Merkel was well connected and no idiot though. As a politician, she was looking out for her banking donors asses. Poli-sci is the only true science, and we can never undervalue the dual nature of politic speak. She was playing the populist no inflation no bailout angle while also protecting her (and the French) banks. I got a good laugh about the alleged Cyprus money grab when they immediately made it clear the Russians were potential fall boys from this euro fiasco.