Putin planning powerful superpower coalition
- Thread starter WoodPeckr
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Italy, Germany and France all have HIGHER debts (as a % of GDP) than the US does, slower growth (much), higher unemployment (much) - what are you talking about.Ranger68 said:
OTB
Can you read? The problem is the DEBT hand in hand with the TRADE DEFICIT.
Good god, man. At least make an effort.
As you said, they could *choose* to pay off these debts. They do not.
The US is NOT in that position - they're relying on foreign capital investment to cover BOTH issues. It's a bad, circular system that's already showing signs of coming down.
Good god, man. At least make an effort.
As you said, they could *choose* to pay off these debts. They do not.
The US is NOT in that position - they're relying on foreign capital investment to cover BOTH issues. It's a bad, circular system that's already showing signs of coming down.
Nearly every large country runs a trade surplus because the US is their largest market and it is, growing quickly and very rich - in real terms. The US does not have a fast growing rich market to export to - just ourselves unfortunately (and that’s not an export). As I said before, we provided 60% of ALL economic growth since 95 - how can we not have a trade deficit?
If you read the article you will discover that the EU is now running a trade deficit with China to go along with its slow growth, high unemployment, huge social obligations, aging population and government red tape - they are, in a word, fucked. GDP percapita in the US is almost a third higher than in the EU and that difference is increasing (yes I have a source). Fucked. They can't even get the UK on board for the Euro and the UK is the fastest growing large economy in Europe - Fucked
These are FACTS (the Fucked are my conclusion ;-)
OTB
If you read the article you will discover that the EU is now running a trade deficit with China to go along with its slow growth, high unemployment, huge social obligations, aging population and government red tape - they are, in a word, fucked. GDP percapita in the US is almost a third higher than in the EU and that difference is increasing (yes I have a source). Fucked. They can't even get the UK on board for the Euro and the UK is the fastest growing large economy in Europe - Fucked
These are FACTS (the Fucked are my conclusion ;-)
OTB
I notice you didn't talk about those living below the poverty level among the many ills of the larger countries of the EU. Check out the stats, where they're available.
Your providing "60%" of all economic growth isn't a fact - it's an interpretation.
Actually, pretty much NOTHING you've said is a "fact" - it's all opinion and interpretation.
And some of it is WRONG. "Nearly every large country runs a trade surplus because the US is their largest market". France - US is sixth. Germany - US is second. Russia - US is 8th. Hong Kong - US a distant second. Taiwan - US is second. Australia - US is a distant second. Italy - US is seventh. LOTS of large countries (not "most" and not remotely "nearly every") do most of their trade with the US - however, even those with the US as their number one export partner don't export more than a quarter to the US. That is, even those who you would say are "dumping" in the US get three quarters of their market elsewhere.
I disagree with your conclusion, and you haven't even really backed it up with anything except lots of rhetoric.
Again, Eurasia possesses three quarters of the world's GDP. Who needs the States?
Your providing "60%" of all economic growth isn't a fact - it's an interpretation.
Actually, pretty much NOTHING you've said is a "fact" - it's all opinion and interpretation.
And some of it is WRONG. "Nearly every large country runs a trade surplus because the US is their largest market". France - US is sixth. Germany - US is second. Russia - US is 8th. Hong Kong - US a distant second. Taiwan - US is second. Australia - US is a distant second. Italy - US is seventh. LOTS of large countries (not "most" and not remotely "nearly every") do most of their trade with the US - however, even those with the US as their number one export partner don't export more than a quarter to the US. That is, even those who you would say are "dumping" in the US get three quarters of their market elsewhere.
I disagree with your conclusion, and you haven't even really backed it up with anything except lots of rhetoric.
Again, Eurasia possesses three quarters of the world's GDP. Who needs the States?
Let me get this straight, you don't think the GDP growth numbers I've supplied are facts, you don't believe the unemployment numbers I've supplied are facts, you don't believe the per Capita GDP numbers are facts.......Ranger68 said:
Talk about the Kettle calling the pot.
OTB
Could you tell me please, how long exactly have you lived in Europe?Ranger68 said:
There is no way that the European standard of living comes even close to that of Canada or the USA.
This my friend is a FACT...I have lived there for the first 29 years of my live, and things haven't gotten any better.
I talk to my family at least once a week.
"Nearly every large country runs a trade surplus because the US is their largest market and it is, growing quickly and very rich - in real terms. The US does not have a fast growing rich market to export to - just ourselves unfortunately (and that’s not an export). As I said before, we provided 60% of ALL economic growth since 95 - how can we not have a trade deficit?onthebottom said:
If you read the article you will discover that the EU is now running a trade deficit with China to go along with its slow growth, high unemployment, huge social obligations, aging population and government red tape - they are, in a word, fucked. GDP percapita in the US is almost a third higher than in the EU and that difference is increasing (yes I have a source). Fucked. They can't even get the UK on board for the Euro and the UK is the fastest growing large economy in Europe - Fucked
These are FACTS (the Fucked are my conclusion ;-)
OTB"
Sorry - where are the facts in this post? That they have "high unemployment" is an *opinion*, an *interpretation*. Had you said they have "higher unemployment than the States" that would be better.
So, where are "the facts"?
If you need help, ask langeweile - he posted the definition not long ago.
Okay, you guys obviously have comprehension issues.langeweile said:
The US economy is in serious trouble due to its MASSIVE, HISTORIC foreign trade deficit, and its MASSIVE, HISTORIC debt.
That's the last time I'm going to say it.
(Though undoubtedly NOT the last time one of you is going to say that "other countries have the same debt-load so what's the problem". LOL)
No comprehension issues, we just think you are wrong - just because you repeat it doesn't make it so.Ranger68 said:
Ranger the insult monkey.
OTB
No, you clearly can't comprehend, because half the posts coming back are all about this standard of living and that level of unemployment and that level of debt. Read back in the posts and you'll see. Langeweile's latest nonsense post makes no mention of the facts of my argument.
Comprehension issues. Clearly.
Or the typical Republican mode of argument - confuse the issue.
LOL
Enjoy that fading empire.
Comprehension issues. Clearly.
Or the typical Republican mode of argument - confuse the issue.
LOL
Enjoy that fading empire.
I won't disagree with you, that the deficit is out of control. The USA has a serious problem here. I am not an economist, but I couldn't imagine that a deficit can be good,either way you slice it.Ranger68 said:
My other commnets were relating to something else. You are probably correct in your assesment that in comparisson european countries have less debt. The question is, at what price.
Disposable income in Germany is at something like $200 a month. My moms last tax rate before retirement was 52%. If she wouldn't have left Germany to live in a cheaper country, her pension would be barely enough to live on.
Growth is stagnating, population is declining, outsourcing is at an all time high. The 35 hour work week is being reconsidrerd by some major companies etc, etc, all the signs of a economy and society in trouble.
Like I said earlier I am not an economist, but I have the luxury of having lived in Europe, Canada and the USA. I can judge by just every day living what the issues are.
The high debt policy of the USA is not logical, but neither is the high tax policy of Europe and to some degree Canada.
This will get worse with the emergence of low cost producing countries like China, India and maybe south america one day. While in the past we ( as in industrial states) were able to rely on innovation, the other countries in play are certainly closing the gap on innovation and education.
It is futile to discuss the timing of it. It will come sooner or later, but it will come.
The "old" industrial nations need to rethink their current policies. I wish I had the answer on how?
bbking said:
Hey wait, This ins't the global warming thread. Mabe he is yelling WOLF, WOLF, WOLF.
I would have stopped long ago but the Republican clone-idiots in here keep on confusing the issue.bbking said:
Silly statements. Kinda like the ones Bush made about the Iraq invasion?
LOL
Too funny.
Lots of economists agree with my "silly statements". But you go on saying it. I'm sure you'll feel better. LOL
wow rump ranger has spokenRanger68 said:Nope.
BUSH IS AN ASS! BUSH IS AN ASS! BUSH IS AN ASS!
LOL
Dude, if you had a clue you'd be frightening. LOL
