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UARS seen on video
On 9/22/2011 7:53 PM, Andre Lieven wrote:
At the moment, their resistance to using the Euro as their currency must look pretty wise in retrospect. Quite. The problem with the Euro is similar to what's wrong with free trade. Going too wide on either, thus connecting profoundly different economies, tends to not work well. If Mexican wages are made the norm for the US, bad things happen to most USians. If nations with balanced banking sectors and budgets tie into nations lacking the one or both, you get some of what is happening in Europe now. There was a great deal of criticism about what the Euro was going to lead to by putting such a group of both rich and impoverished nations together under a common currency, from day one of its creation. But apparently the dream of a pan-European economic future Utopia defeated any thoughts of current reality, or indeed any consideration of how such a union would work over a period of years or decades. One is reminded of the immediate post French revolution... where everything, including dating of years, the names and length of months and measurements were going to get all changed. France's Sarkozy has apparently decided that He knows the best way to settle the Israeli/ Palestinian problem, unlike Obama: http://news.yahoo.com/blogs/envoy/fr...010948169.html Why do I see Napoleon setting his foot for the first time on the shores of Egypt? :-D He wants to wander into that swamp and replace the US in it as its leader, more power to him. :-D :-D :-D Pat |
#12
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UARS seen on video
Andre Lieven wrote:
Pat Flannery wrote: At the moment, their resistance to using the Euro as their currency must look pretty wise in retrospect. Once Greece pulls down the Euro, will the Pound and Dollar really last all that much longer? Looking wise will probably only last a few years. Quite. The problem with the Euro is similar to what's wrong with free trade. Going too wide on either, thus connecting profoundly different economies, tends to not work well. If Mexican wages are made the norm for the US, bad things happen to most USians. If nations with balanced banking sectors and budgets tie into nations lacking the one or both, you get some of what is happening in Europe now. When the United States switched from the Articles of Confederation to the Constitution it opened up the largest free trade zone in the world at the time. The result two centuries later was the biggest economic powerhouse in the world. The result one century later was a Civil War that was largely driven by economic differences. One set of states had low labor costs from slavery. Another set of states had the labor changes of the Industrial Revolution. Doing rules for multi national entities should be about the floor standard going UP to the level of the best, not down to the lowest. I figure that was what NAFTA was supposed to be about. Certainly the floor in Mexico has gone up significantly. At some point it will reach the floor in both the US and Canada and all parties will resume rising. The question is will there need to be a war in between based on similar pressures? Also note that world trade is doing this everywhere. It is driving up economies in the undeveloped world at the expense of economies in the developed world. At some point there won't be any more places to outsource for cheaper labor anywhere in the world and then all of the floors start going up. Unless there's large scale war to reset most of the world. |
#13
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UARS seen on video
Pat Flannery wrote:
wrote: Michal wrote: I didn't know France is now a part of Britain. They've been wishing so since around the 1400s or so... Although there have been periods that the vice was versa, so to speak.... It was that damn crazy girl from Orleans! it was all her fault! In this context St Pauli Girl is the wrong girl. In most contexts she is the right one. |
#14
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UARS seen on video
On Sep 23, 10:23*am, Doug Freyburger wrote:
Andre Lieven wrote: Pat Flannery wrote: At the moment, their resistance to using the Euro as their currency must look pretty wise in retrospect. Once Greece pulls down the Euro, will the Pound and Dollar really last all that much longer? *Looking wise will probably only last a few years.. Quite. The problem with the Euro is similar to what's wrong with free trade. Going too wide on either, thus connecting profoundly different economies, tends to not work well. If Mexican wages are made the norm for the US, bad things happen to most USians. If nations with balanced banking sectors and budgets tie into nations lacking the one or both, you get some of what is happening in Europe now. When the United States switched from the Articles of Confederation to the Constitution it opened up the largest free trade zone in the world at the time. *The result two centuries later was the biggest economic powerhouse in the world. *The result one century later was a Civil War that was largely driven by economic differences. *One set of states had low labor costs from slavery. *Another set of states had the labor changes of the Industrial Revolution. Doing rules for multi national entities should be about the floor standard going UP to the level of the best, not down to the lowest. I figure that was what NAFTA was supposed to be about. *Certainly the floor in Mexico has gone up significantly. *At some point it will reach the floor in both the US and Canada and all parties will resume rising. The question is will there need to be a war in between based on similar pressures? Also note that world trade is doing this everywhere. *It is driving up economies in the undeveloped world at the expense of economies in the developed world. *At some point there won't be any more places to outsource for cheaper labor anywhere in the world and then all of the floors start going up. *Unless there's large scale war to reset most of the world. Two comments: Mexico has problems and its the drug lords are looming large. Second, wars is coming as it always is just give it time. The world of man apparently stands at the brink of another Great Depression so why shouldn't there be another grand war between the 'great' powers? Labor labor everywhere and it can drink all the externalities unto death and beyond by way of its progeny........................................... .Trig |
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