Euro Area

**Kagemusha** · 05-19-2012, 23:45

nevermind.. Please start talking about euro and EMU if your country is actually part of it.

**ICantSpellDawg** · 05-20-2012, 12:36

Originally Posted by Kagemusha

nevermind.. Please start talking about euro and EMU if your country is actually part of it.

We should extend this line to American policy as well? Oh, that's right, the complete collapse of your economy would impact us, just like the ramifications of our economic and foreign policy affect you and give you a reasonable right to comment on them. Nope, we should keep posting. There is more than one reason why the British decided to stay out of this system, maybe you should have listened to them a bit more in the first place.

So, when do the fireworks start? I've got my popcorn in the microwave.

Didn't we solve similar problems by allowing Hamilton's plan to take on all State debts as Federal? That was a rather simple move, it just required sacrifice from the responsible economies and a loss of free will from the profligate, moronic State economies. You shouldn't have gotten involved in the common currency market unless you wanted to lose you national identity and sovereignty at some point, so what's the hold-up now? Wistfulness or just denialism?

**Kagemusha** · 05-26-2012, 22:29

with your

Originally Posted by ICantSpellDawg

We should extend this line to American policy as well? Oh, that's right, the complete collapse of your economy would impact us, just like the ramifications of our economic and foreign policy affect you and give you a reasonable right to comment on them. Nope, we should keep posting. There is more than one reason why the British decided to stay out of this system, maybe you should have listened to them a bit more in the first place.

So, when do the fireworks start? I've got my popcorn in the microwave.

Didn't we solve similar problems by allowing Hamilton's plan to take on all State debts as Federal? That was a rather simple move, it just required sacrifice from the responsible economies and a loss of free will from the profligate, moronic State economies. You shouldn't have gotten involved in the common currency market unless you wanted to lose you national identity and sovereignty at some point, so what's the hold-up now? Wistfulness or just denialism?

With your monopoly money how do you even dare to interfere. Dollar is bancrupt.Even with its current low point euro/emu area is stronger then dollar. You invented this idea of living of debt and likes of fururnculus still continue shouting the mantra. US debt will be equal to US GDP in less then 10 years and everybody and few others know it already.

So i understand that you would like nothing better then euro to fail, but its not happening anytime soon.

Just take good care of yourselfs my big brother from other side of pond when china owns 2/3rds of your national debt.

**Philippus Flavius Homovallumus** · 05-26-2012, 22:46

Originally Posted by Kagemusha

with your

With your monopoly money how do you even dare to interfere. Dollar is bancrupt.Even with its current low point euro/emu area is stronger then dollar. You invented this idea of living of debt and likes of fururnculus still continue shouting the mantra. US debt will be equal to US GDP in less then 10 years and everybody and few others know it already.

So i understand that you would like nothing better then euro to fail, but its not happening anytime soon.

Just take good care of yourselfs my big brother from other side of pond when china owns 2/3rds of your national debt.

The Euro area is in recession, the US is recovering.

The US Dollar is also a reserve currency.

The US has viable natural resources to exploit - and a strong industrial base (not as strong as it was, admittedly).

The Euro-Area is much weaker than the US, it lacks political cohesion, economic output is depressed and falling, and it is not a reserve currency.

In other words: You're wrong, which is why everyone will by Us Bonds and nobody wants Greek ones, or Italian, Spanish, Portugese, or Irish ones much either.

**Kagemusha** · 05-26-2012, 22:50

Originally Posted by Philipvs Vallindervs Calicvla

The Euro area is in recession, the US is recovering.

The US Dollar is also a reserve currency.

The US has viable natural resources to exploit - and a strong industrial base (not as strong as it was, admittedly).

The Euro-Area is much weaker than the US, it lacks political cohesion, economic output is depressed and falling, and it is not a reserve currency.

In other words: You're wrong, which is why everyone will by Us Bonds and nobody wants Greek ones, or Italian, Spanish, Portugese, or Irish ones much either.

Economical strength is compared by GDP, please take a look.You think continental europe and its holdings is bare wasteland? Like is said, please join the US. British products will get cheaper along the way.

**Philippus Flavius Homovallumus** · 05-26-2012, 23:29

Originally Posted by Kagemusha

Economical strength is compared by GDP, please take a look.You think continental europe and its holdings is bare wasteland? Like is said, please join the US. British products will get cheaper along the way.

GDP measures output not base strength. In any case the US is still the world's largest economy and the Eurozone's GDP is currently contracting, Europe is getting poorer, US GDP is expanding, the US is getting richer.

China is buying US bonds, yes, but so is Norway, Britain - everyone is buying them.

They are buying them quicker even than they are buying German debt.

The US has also not seen governmental collapse, like Greece, Italy and the Netherlands.

The US has economic problems - but it also has a responsible Federal Bank and it issues only one bond for it's debts vs the 17 for the Eurozone.

Edit: Oh, and "European Union GDP" includes we British "leeches" - given that Britain alone accounts for over 2.4 billion of EU GDP "Continental" Europe is a palty ~150,000 ahead of the US, and falling.

Edit 2:

Link: http://en.wikipedia.org/wiki/List_of...y_GDP_(nominal)

**Philippus Flavius Homovallumus** · 05-26-2012, 23:45

I'd also like to know what makes us "leeches" and not the debtor countries in the Eurozone - except the Irish, who are apparently bastards to Kage for some reason.

**Tellos Athenaios** · 05-27-2012, 13:44

@Philip: government collapse is a bit of a strong word for what happened in the Netherlands. To have something collapse you first need it to be in some shape or form that can actually collapse. The Dutch government never was in such shape or form, and the Euro does not have anything to do with that.

**gaelic cowboy** · 05-27-2012, 21:38

Originally Posted by Kagemusha

Economical strength is compared by GDP, please take a look.You think continental europe and its holdings is bare wasteland? Like is said, please join the US. British products will get cheaper along the way.

I never seen a country yet that gets to spend it's GDP.

GNP is the key

**Philippus Flavius Homovallumus** · 05-27-2012, 22:11

Originally Posted by gaelic cowboy

I never seen a country yet that gets to spend it's GDP.

GNP is the key

He's wrong anyay - Eurozone GDP is below US GDP.

**Kagemusha** · 05-26-2012, 22:52

Originally Posted by Philipvs Vallindervs Calicvla

The Euro area is in recession, the US is recovering.

The US Dollar is also a reserve currency.

The US has viable natural resources to exploit - and a strong industrial base (not as strong as it was, admittedly).

The Euro-Area is much weaker than the US, it lacks political cohesion, economic output is depressed and falling, and it is not a reserve currency.

In other words: You're wrong, which is why everyone will by Us Bonds and nobody wants Greek ones, or Italian, Spanish, Portugese, or Irish ones much either.

btw who is buying US bonds? please elaborate?Except china ofcourse