Greenspan: Why European Union Is Doomed to Fail

Discussion in 'Wall St. News' started by nitro, Oct 25, 2011.

  1. toc

    toc

    Hope not but WWIII is very much possible. Enjoy the days while you can!

    :D
     
    #21     Oct 26, 2011
  2. Avoid government-issued currency.
    Print/circulate/use your own banknotes exclusively among your community.
    http://goo.gl/YSuTF
     
    #22     Oct 26, 2011
  3. nitro

    nitro

    The problem is that the loop is not closed. What happens when they have to pay real estate taxes, or any tax in the governments own currency?

    In the US, something like this is going on:

    "Utah Legalizes Gold, Silver Coins As Currency"

    http://www.huffingtonpost.com/2011/05/22/utah-gold-standard-silver_n_865333.html

    although in the US, this is considered terrorism:

    “Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” U.S. Attorney Tompkins said in announcing the verdict. “While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country,” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.”

    http://www.fbi.gov/charlotte/press-releases/2011/defendant-convicted-of-minting-his-own-currency
     
    #23     Oct 26, 2011
  4. don't know how WW3 can happen, is italy and greece going to invade Germany....
     
    #24     Oct 26, 2011
  5. toc

    toc

    EU failing will lead to several financial houses around the world crashing. US, UK, Ireland and many others are already bankrupt. This crash of financial set ups will start punching holes in the already empty cannister of these countries and economies will suffer heavily. In order to boost economy and create employment the Neocons and their slaves will lauch a mega war to attack the resources and minerals rich nations. Makes sense, one man digs a hole and another fills it, both get paid. :D
     
    #25     Oct 26, 2011
  6. The war must be large enough to bring the world out of recession, Iraq, Libya will not cut it. Probably the only way is yet again a wholesale destruction of infrastructure and lives in Europe.
     
    #26     Oct 26, 2011
  7. the importance of having a strong army can't be understated
     
    #27     Oct 26, 2011
  8. toc

    toc

    if you want peace, then prepare for war

    if you are resources rich country then join alliances, that is the only way to keep the enemy in check :D
     
    #28     Oct 26, 2011
  9. Europe's 20th century was no laughing matter. However, Europe is the only continent that can power world growth in the long term.
    Europe's geography is uniquely complex and suited to having many small countries. That allows for lots of variety of outcomes. If you let that be, you'll get lots of innovation. The proof is in the fact the EU economy is still larger than the US's, despite two devastating wars fought right there in the space of a quarter century.
    Trying to smoosh them all into a single nation will just kill this advantage.

    Blow up the euro. It desperately needs to die.
     
    #29     Oct 26, 2011
  10. rsi80

    rsi80

    That's bad...
     
    #30     Oct 27, 2011