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Fifty five years after the signing of the Treaty of Rome, which founded what is now the European...

Fifty five years after the signing of the Treaty of Rome, which founded what is now the European Union, the EU increasingly finds itself on the verge of disintegration. As European politicians routinely put national interest and popularity at home first and blame the EU and the the euro for most of their countries' economic troubles, many fear it's just a matter of time before the house comes tumbling down.
Comments (32)
  • The Geoffster
    , contributor
    Comments (4066) | Send Message
     
    Europe's problems are a mere foreshadowing of what is in store for the U.S. Meanwhile, the Collectivist in Chief wages verbal war on job creators in a desperate attempt to secure reelection and finish what he started with collectivized health care. Romney's not much better, but his election will do what Reagan's did- slow down the inexorable move to socialism.
    14 Apr 2012, 12:18 PM Reply Like
  • Tack
    , contributor
    Comments (14130) | Send Message
     
    Reminds me of what an Eastern European immigrant said in an interview a few years back. He was asked if he was worried that the U.S. would become socialistic. He replied, "Socialistic? You're already socialistic. You're headed for Communism."
    14 Apr 2012, 12:30 PM Reply Like
  • srspa77
    , contributor
    Comments (326) | Send Message
     
    I hear this often.
    14 Apr 2012, 03:02 PM Reply Like
  • coddy0
    , contributor
    Comments (1182) | Send Message
     
    Tack
    You're already socialistic. You're headed for Communism."
    ======================...
    He actually said not what you think he said

     

    He meant Communism defined by third program of Communist Party of CCCP
    The 22nd Congress of the Communist Party of the Soviet Union was held from October 17 to October 31 1961

     

    Stated goal of this program was to overtake USA leadership and build society with

     

    highest standard of living in the World

     

    in other words build Communism
    Target year was 1981

     

    So, this emigrant said that 1961 plan was fulfilled not by communist ruled CCCP, but capitalist ruled USA
    14 Apr 2012, 06:21 PM Reply Like
  • Terry330
    , contributor
    Comments (870) | Send Message
     
    Yes W. Bush was President. Many things have improved.
    14 Apr 2012, 07:41 PM Reply Like
  • Venerability
    , contributor
    Comments (3048) | Send Message
     
    And once again, many of us believe it is totally irresponsible for the narrowly-based US and UK financial media - which has both hated and feared the Euro from the very beginning - to engage in what is effectively rabble rousing.

     

    Maybe the Europeans should counter by pointing out how devastatingly bad too Strong a Dollar would be for the United States and the vast majority of its citizens and how we all therefore NEED the Euro and Eurozone as strong as possible, to fend off a worldwide depression that would equal that of the 1930s.
    14 Apr 2012, 12:43 PM Reply Like
  • apberusdisvet
    , contributor
    Comments (2931) | Send Message
     
    "to fend off a worldwide depression"

     

    Too late, we are already in the beginning of one that, given the delusion (or abject criminality/corruption) of political policy makers, could exceed the duration of that in the 1930s. And all because the banking cartel must survive to the detriment of the productive and the savers. Iceland gave a big middle finger to the banking interests and, a mere 3 years later, has actual GDP increases and a sovereign will to break the bonds of debt servitude. Luckily, Iceland is too small to warrant a NATO "humanitarian" intervention. Iceland's example should be a lesson for the PIIGS, or will the globalist criminals win anyway?
    14 Apr 2012, 02:11 PM Reply Like
  • coddy0
    , contributor
    Comments (1182) | Send Message
     
    Venerability
    Maybe the Europeans should counter by pointing out how devastatingly bad too Strong a Dollar would be for the United States and the vast majority of its citizens and how we all therefore NEED the Euro and Eurozone as strong as possible, to fend off a worldwide depression that would equal that of the 1930s.
    ======================...
    I think you put it too simply minded

     

    There is no doubt that we need

     

    to fend off a worldwide depression that would equal that of the 1930s.

     

    and then you went choice less

     

    In truth there is choice between
    Euro and Eurozone and No (Euro and Eurozone)

     

    Would it unthinkable to suggest that whole European crisis is result of poorly designed idea of Euro and Eurozone

     

    If you agree with this suggestion, you may rethink your conclusion regarding issue of what is the best way to fend off a worldwide depression that would equal that of the 1930s.
    14 Apr 2012, 06:43 PM Reply Like
  • Augustus
    , contributor
    Comments (2232) | Send Message
     
    Worry about the dollar becomming too strong?
    The dollar, euro, and yen are becomming valueless. The race is only to find out which one achieves that status the soonest.
    Does Zimbabwe have their economic disaster because the Zim dollar is too strong? Hell, it is not worth the cost of printing.
    The disaster on the way is the result of out of control social program promises that require printing money to support. It is printed and given away.
    And, while examining the reliability of the promises, do a little reading about the Greeks who are supposed to rely upon govt. for drugs and healthcare. No medication available for something simple such as diabetes. Sellers won't take Greek promises for the supplies.
    The problems with the PIIGS just happened to be the first countries to have full exposure. The UK and USA are well on the road to achieving the same scoring of an Own Goal.
    As for the US and the Pols running things "responsibly" look at any large city government. They can pretty easily look at the check book. Looming disaster is evident but ignored. The people in state govts come from this group, and the ones in Washington come from the state govt. pols with "experience." They have spent their careers being intentionally ignorant. The world is full of Greeks in training.
    14 Apr 2012, 12:59 PM Reply Like
  • srspa77
    , contributor
    Comments (326) | Send Message
     
    Europe can't get along? Shocker!
    14 Apr 2012, 03:01 PM Reply Like
  • American in Paris
    , contributor
    Comments (5504) | Send Message
     
    More fear mongering by the message board crowd.

     

    It is interesting how everyone down plays the fact that Germany is a socialist state. The American Right glosses over that fact. But of course, the facts never got in the way of ideological nonsense by the American Right.
    14 Apr 2012, 03:06 PM Reply Like
  • coddy0
    , contributor
    Comments (1182) | Send Message
     
    American in Paris
    More fear mongering by the message board crowd.
    ======================...
    overstatement
    Venerability does not make crowd
    14 Apr 2012, 06:54 PM Reply Like
  • Augustus
    , contributor
    Comments (2232) | Send Message
     
    AiP:
    "It is interesting how everyone down plays the fact that Germany is a socialist state. "

     

    ======

     

    Bismark was the originator of the state run and guaranteed pension fund. The other programs derived from his ideas. If the State can do . . . ., then it should also do . . . . Finally it is being revealed that there is no value in any of the guarantees from the State.
    14 Apr 2012, 07:45 PM Reply Like
  • Glyndwr
    , contributor
    Comments (13) | Send Message
     
    You mean like the way loony libs ignored the obvious addition to the deficit that Obamacare would cause???
    17 Apr 2012, 02:18 PM Reply Like
  • Augustus
    , contributor
    Comments (2232) | Send Message
     
    An addition to the deficit, in loony lib analysis, is good because it means that the service did not cost anything. The thinking goes like this - A debt never repayed has no cost.
    17 Apr 2012, 02:39 PM Reply Like
  • wenlock00
    , contributor
    Comments (55) | Send Message
     
    Compared to Europe, I found some of the poverty I saw in the US quite shocking. Will we see Europeans via austerity becoming more US like, or will we see the US raising its social game? I sometimes wonder why black america does not do more for Africa for example. Perhaps part of the problem is there are just to many people in the world and they are not all really needed. Here in Europe the financial system is heavily geared to encourage people to have children, yet there are few jobs for them. Technology will further lessen the demand for labour. The future does not look bright and the politicians struggle in achiving basic compromise when radical change is probably needed.
    14 Apr 2012, 03:34 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3533) | Send Message
     
    "Perhaps part of the problem is there are just to many people in the world and they are not all really needed."

     

    Yes. People are the problem! Without people there would be no pollution, wars or poverty. Let's go for it. You first:-(
    14 Apr 2012, 04:11 PM Reply Like
  • wenlock00
    , contributor
    Comments (55) | Send Message
     
    Subsidising contraception rather than solar power might be a better option in terms of return? :-)
    14 Apr 2012, 04:22 PM Reply Like
  • rasanders22
    , contributor
    Comments (579) | Send Message
     
    Guess they ran out of other peoples money.
    14 Apr 2012, 06:53 PM Reply Like
  • Terry330
    , contributor
    Comments (870) | Send Message
     
    The wealthy have more wealth each year with all the tax cuts.
    14 Apr 2012, 07:45 PM Reply Like
  • rasanders22
    , contributor
    Comments (579) | Send Message
     
    The top 1% pays ~38% and the top 10% pays ~%70 of the individual income tax bill for the eintire country. The bottom 50% pays ~2%. I think that is evenly distributed. Dont forget that even though the rich have more money each year, the government prints out more money each year. We dont have a fixed money supply.

     

    There is that quote from the bible(I think). Give a man a fish you feed him for a day. Teach a man to fish, you feed him for a life time. Our government has been giving out a crap load of free fish.
    14 Apr 2012, 08:11 PM Reply Like
  • Terry330
    , contributor
    Comments (870) | Send Message
     
    Quote from old China. Todays wealthy do not allow peasants to fish on their property.
    14 Apr 2012, 08:24 PM Reply Like
  • rasanders22
    , contributor
    Comments (579) | Send Message
     
    We have millionairs made and lost each day. Billionairs are made but less often. Mark Zukerber of Facebook, Larry Paige of Google are just 2 quick examples of people making large wealth in a realatively short time. If they can do it, so can you. So whats in your way?
    14 Apr 2012, 08:34 PM Reply Like
  • Terry330
    , contributor
    Comments (870) | Send Message
     
    Two people out of 314 million in US. You must be a Republican.
    14 Apr 2012, 08:52 PM Reply Like
  • rasanders22
    , contributor
    Comments (579) | Send Message
     
    Refute my argument. You claimed the rich pay less in taxes, I showed other wise. You claimed the rich don't let others make money. I gave 2 examples in about 30 seconds of research. You are the only obsticle in your way.
    14 Apr 2012, 09:13 PM Reply Like
  • Augustus
    , contributor
    Comments (2232) | Send Message
     
    rasanders32,
    When the socialists complain about inequeties, masters and slaves, do they ever wonder if the contractor who built Bill Gates' home made a nice profit on it?
    14 Apr 2012, 09:24 PM Reply Like
  • rasanders22
    , contributor
    Comments (579) | Send Message
     
    Nope. All they know is that if someone is rich, they stole it. The only hard working people are the middle class and the poor.
    15 Apr 2012, 03:51 AM Reply Like
  • Terry330
    , contributor
    Comments (870) | Send Message
     
    Hard core Conservatives are pushing their own version of communism in US, like masters and slaves. Masters will own 96% of everthing but make up only 2% of population.
    14 Apr 2012, 07:52 PM Reply Like
  • Augustus
    , contributor
    Comments (2232) | Send Message
     
    Is that a Joke? Conservatives create Masters and Slaves?
    The socialists have made population enslavement legal in every country they control.
    In the US, the individual owns themselves and their produce, except for the increasing part claimed by the socialist O'Bummer.
    The wealthy cannot employ or enjoy their wealth on a lonely desert island. It must be invested and spent to have any value to the individual owning it.
    Once in circulation it can be used to buy a set of gold Grillzzs, whiskey for Saturday, or a larger farm with more cattle. Continual poor spending choices, encouraged by socialist government dictates, develop into poor outcomes.
    14 Apr 2012, 09:05 PM Reply Like
  • Venerability
    , contributor
    Comments (3048) | Send Message
     
    Coddy Dear,

     

    (Phishing via Document Folders)

     

    One knows American in Paris was not commenting on my comment. He/she was commenting on Seeking Alpha's original rabble rousing comment.

     

    By the way, the difference between what has been allowed to happen the past 30 years and what occurred during America's justified rise to wealth and power:

     

    Wealth before the Great Hegde Fund Revolution - which is what it actually was - is that great wealth used to be created by BUILDING enterprises - manufacturing, resources, agricultural, energy, media, or other enterprises, but actual enterprises which created true "trickle down" of jobs, infrastructure, and other multiplier effects.

     

    Since the Great Hedge Fund Revolution and its attendant Cult of Short Selling, we have managed to institute a system whereby a great portion of "Wealth" is actually negative wealth coming from various kinds of Short Selling - whether you are talking about the hollowing out of the developed countries' manufacturing sectors, the derivatization of financial assets to the point of near no return, or the simple piracy of crowding out the vast bourgeoisie from their former participation in financial markets as an important part of their share of the world's wealth.

     

    In the US, both major parties have been completely complicit in this fiasco, with very little real difference between them.

     

    I'm sure I was not the only one sickened by President Obama allowing Whitney Tilson to stand behind him at that "Buffett Rule" propaganda event. I don't know Tilson, and he is possibly a lovely human being in person. But his "wealth" has come largely from Short Selling. It is not created wealth, but negative wealth - wealth essentially stolen from others. One would think, if one did a study, that the jobs lost from the businesses Tilson in his career helped to destroy via Short Selling would greatly exceed any minimal number of jobs he has created in his own business.

     

    This is an important argument - fellow GOP'ers - because it is going to be pounded into public consciousness with Mitt Romney's candidacy. In fact, since President Obama has so many limousine liberal Hedge Funds on his side, one could see this coming election as being very, very bad - not good - for the predatory Hedge Fund community as a whole.

     

    And now we have George Soros - who has made nearly his entire fortune taking Other People's Money - spurring on his naive little Move On Org'ers to help destroy Europe, where the whole philosophy of creating a growing, bourgeois planet - an anti-Empire planet - really began. One does know the word bourgeois is French?
    15 Apr 2012, 12:00 PM Reply Like
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