European Union members on the European Union

[Pinner]

Originally Posted by Shazam

Not on your life will this happen. China has such a huge trade surplus, they want to keep their currency low; they can't stop buying bonds as a result.

Do they really care if their economic growth slows down ?

They could weather a slow down better than anyone else.

[Hack&Lube]

Originally Posted by Pinner

Do they really care if their economic growth slows down ?

They could weather a slow down better than anyone else.

Just because they could survive it doesn't give them any reason to do so.

The Chinese economy already took a hit during the recession as US orders to factories dropped significantly.

[Shazam]

Originally Posted by Pinner

Do they really care if their economic growth slows down ?

They could weather a slow down better than anyone else.

They're in a period of massive urbanization right now. They're lifting literally billions of people out of poverty. They want to keep this going until their population is down to about USA levels. It'll take about 100 years.

[Cowboy89]

The answer to reduce debt to sustainable levels requires a combination of an increase in taxes and a clawback of government services and benefits. The problem is the generation most likely to benefit from government services and benefits but will not have to face the higher taxes as much because their income generating days are reaching an end just so happens to be the largest demographic in most industrialized nations. So in one person = one vote democratic systems, what did everyone think was going to happen?

[Pinner]

Originally Posted by Shazam

They're in a period of massive urbanization right now. They're lifting literally billions of people out of poverty. They want to keep this going until their population is down to about USA levels. It'll take about 100 years.

?

I guess I'm just thinking about mans seemingly insatiable desire for war and the conquering of land and resources and how it could be done financially now. More politically correct than a conventional or nuclear war.

[mikey_the_redneck]

Originally Posted by Cowboy89

The answer to reduce debt to sustainable levels requires a combination of an increase in taxes and a clawback of government services and benefits. The problem is the generation most likely to benefit from government services and benefits but will not have to face the higher taxes as much because their income generating days are reaching an end just so happens to be the largest demographic in most industrialized nations. So in one person = one vote democratic systems, what did everyone think was going to happen?

Austerity measures?

How about real banking regulations?
How about transparent central banks?
How about handing control over the Federal Reserve to the people?

[mykalberta]

Originally Posted by mikey_the_redneck

Austerity measures?

How about real banking regulations?
How about transparent central banks?
How about handing control over the Federal Reserve to the people?

"The people" cant control their own credit card spending and you want them to run the Federal Reserve?

[Pinner]

The French will shut the country down.

Let's just say that when France's fiscal crunch time comes, as it has for Greece and Spain already, it's going to be inordinately difficult to push through austerity measures. Probably more so than most European nations.
Strikes are already breaking out, just this Thursday, against raising the retirement age past 60 years

http://www.businessinsider.com/franc...rotests-2010-5

[CaptainCrunch]

Send in two guys with a slingshot, the protesters will surrender.

[Cowboy89]

Originally Posted by mikey_the_redneck

Austerity measures?

How about real banking regulations?
How about transparent central banks?
How about handing control over the Federal Reserve to the people?

This doesn't relate to Ron Paul style tin foil hat conspiracy theories. Central banks don't enact social programs and government spending that is unsustainable.

I find those who espouse belief in "Federal Reserve Conspiracy theories" know the least about what they do and economics in general.

[mikey_the_redneck]

Originally Posted by mykalberta

"The people" cant control their own credit card spending and you want them to run the Federal Reserve?

Through a political entiy of course, like Congress.

Just as long as currency control is not in private, secretive hands.

[Traditional_Ale]

Originally Posted by mikey_the_redneck

Austerity measures?

How about real banking regulations?
How about transparent central banks?
How about handing control over the Federal Reserve to the people?

Last US President who had this idea was JFK. Look what happened to him.

And on this note, seeing as I've gone after Christianty and Islam the last couple weeks, lets go after the Zionist Jews next, because they're the ones actually in control of the world banks.

[mikey_the_redneck]

Originally Posted by Cowboy89

This doesn't relate to Ron Paul style tin foil hat conspiracy theories. Central banks don't enact social programs and government spending that is unsustainable.

I find those who espouse belief in "Federal Reserve Conspiracy theories" know the least about what they do and economics in general.

Ron Paul is smarter than both of us. Seriously, conspiracy theory? What theory? That the Fed controls credit and currency?

Central banks print out the money, and lend it to the government at interest. The politicians don't want to raise taxes because that would be unpopular with the voters, so they keep borrowing more, more and more. What are they at now, ...19 straight budget defecits in the U.S.?

You think the people should have to pay for the banks' mistakes? These bail outs are only helping out the banks and Goldman Sachs types....that are supposedly "too big to fail"...

[Pastiche]

LOL

Politicizing the Federal Reserve. That's a GREAT idea.

See Argentina as exhibit A and Venezuela as exhibit B.

[Pastiche]

Central banks print out the money, and lend it to the government at interest. The politicians don't want to raise taxes because that would be unpopular with the voters, so they keep borrowing more, more and more. What are they at now, ...19 straight budget defecits in the U.S.?

Good lord. So a better idea would be to give Congress control of the money supply so they don't have the borrow anymore. Who needs to improse real decisions like spending cuts or tax increases when you can just make more money! Are you aware of the concept of inflation?

[mikey_the_redneck]

Originally Posted by Traditional_Ale

Last US President who had this idea was JFK. Look what happened to him.

Yeah, exactly. He and Lincoln were the only 2 presidents who wanted to change the way currency in the U.S. was issued. He saw that the Fed control has lead to tons of inflation and national debt. Up until WW1, private central banking was a more open controversy in America, but now they dont talk about it.

[Shazam]

Originally Posted by Pinner

?

I guess I'm just thinking about mans seemingly insatiable desire for war and the conquering of land and resources and how it could be done financially now. More politically correct than a conventional or nuclear war.

Poor people like to have lots of children. Rich people living in a society where welfare and pensions exist do not.

[Pastiche]

The only other way to issue currency is to go to a gold standard. I assure you that that will not get you out of the fiscal shortfall problem that we are discussing in this thread.

[Shazam]

Originally Posted by mikey_the_redneck

Yeah, exactly. He and Lincoln were the only 2 presidents who wanted to change the way currency in the U.S. was issued. He saw that the Fed control has lead to tons of inflation and national debt. Up until WW1, private central banking was a more open controversy in America, but now they dont talk about it.

You're out of your mind.

[mikey_the_redneck]

Originally Posted by Pastiche

Good lord. So a better idea would be to give Congress control of the money supply so they don't have the borrow anymore. Who needs to improse real decisions like spending cuts or tax increases when you can just make more money! Are you aware of the concept of inflation?

Well first you wouldn't have to pay interest on the money that is created. It would be a transparent operation. You could control inflation alot better, and actually back money with some kind of collateral, like gold or silver.

Inflation is simply the increase in money supply. The result is higher prices for goods because the value of money is less.