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2011-09-25 Economy

The Euro, Rise of Germany, and Subprime Mortgages

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Posted by Bobby 2011-09-25 12:37|| || Front Page|| [3 views ] Top

#1 The plan for the creation of a "United States of Europe" goes back to the '20s and took a big leap in 1950 with the Steel & Coal treaty. After that everything that has happened since from the Common Market to the Euro has been in aid of a centralized non-democratic European super/pseudo state.

See also http://eureferendum.blogspot.com/

Posted by AlanC 2011-09-25 13:17|| 2011-09-25 13:17|| Front Page Top

#2 > Even if Greece goes bankrupt, those Mercedes and BMWs were bought with cash borrowed from German banks. So without the euro, there would probably have been less conspicuous consumption, and Germany might not have become the powerhouse it is today.

This is such a stupid thing to say. It's like taking out a loan to smash a window.

Posted by Bright Pebbles 2011-09-25 14:46|| 2011-09-25 14:46|| Front Page Top

#3 The world's economy has been running on smoke and mirrors for 40 years or more. The longer it goes on, the harder the fall, but the laws of mathematics will not be denied.

Posted by Glenmore 2011-09-25 15:03|| 2011-09-25 15:03|| Front Page Top

#4 "It's like taking out a loan to smash a window."

Isn't that what the Euro (and accompanying tranzi policies) did, BP? ;-p

Posted by Barbara 2011-09-25 15:30|| 2011-09-25 15:30|| Front Page Top

#5 FWIIW I think that nationalism causes wars is largely a myth.

They were wars for exclusive trading zones aka empires.

Posted by phil_b 2011-09-25 20:10|| 2011-09-25 20:10|| Front Page Top

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