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Topic:
What is the lesson of the Eurozone crisis? [Locked] |
imaloon1  Posts: 674
Registered: 2003-9-15 07:19:53
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
The problem is that a long time ago sovereign currency gave way to fiat currency.
Anything else is just window dressing on a failed argument
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Sin_of_Onin  Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
imaloon1 posted:
The problem is that a long time ago sovereign currency gave way to fiat currency.
Anything else is just window dressing on a failed argument
There is a history of problems associated with gold backed currencies as well. One of the most powerful weapons at the disposal of Europe during the age of imperialism was mercantilism.
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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theredkay1 Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
Abaddon_Ambrosius posted:
Without electricity there can be no electrocutions. Back to the stone ages!
FACT!
"I am terrified of debt" just isnt the winning argument against debt that you think it is.
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Abaddon_Ambrosius Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
There's no sane stance you can take which denies my factual statement.
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In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
theredkay1 posted:
Abaddon_Ambrosius posted:
Without electricity there can be no electrocutions. Back to the stone ages!
FACT!
"I am terrified of debt" just isnt the winning argument against debt that you think it is.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
|
Abaddon_Ambrosius Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
Abaddon_Ambrosius posted:
There's no sane stance you can take which denies my factual statement.
Therefore...
you guys are...
-----signature-----
In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
The only factual statement you presented was meaningless drivel.
The factual nature of the statement was never in question.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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theredkay1 Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
Abaddon_Ambrosius posted:
There's no sane stance you can take which denies my factual statement.
Nobody is denying it.
A country that has no water wont have to worry about drownings! A planet without oxygen wont have to worry about house fires!
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Abaddon_Ambrosius Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
Crippling oneself and one's people with ongoing massive debt -- beyond short-term debt which you can easily rotate in 1-3 years -- is a self-destructive choice.
Water and air are not choices.
-----signature-----
In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
Abaddon_Ambrosius posted:
Crippling oneself and one's people with ongoing massive debt -- beyond short-term debt which you can easily rotate in 1-3 years -- is a self-destructive choice.
Water and air are not choices.
Your post stinks of circular logic and emo BS but you can try and save it by backing up your claim with specific mention of the 1-3 year rule.
As for the Eurozone crisis, I don't see how debt or social programs are the driver. To be clear I am arguing that debt is a major issue in the Eurozone but it is not a simple calculation of government debt but the nation's capital flow balance and how that impacts their production.
Spain has a lot of debt by the way but it isn't driven by government debt but private debt. Imagine that.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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