January 22, 2015 at 2:38 pm #35030
In Historic Decision, European Central Bank Unleashes Plans for QE Program
Well now Europe will be printing away Euros. $60 Billion is as much or more then what the U. S. did of $80 Billion Dollars. This will help with the total world wide economical collapse. Will Europe collapse first?January 22, 2015 at 3:48 pm #35032
freedom, they all know it is far easier to print money than to fix the underlying spending and regulatory issues that the general public would never stand for being fixed. Any politician that tries would have a short career. Human nature is such that people demand services and at the same time demand that someone else pay for it and they want entitlements in excess of what they pay in taxes. Even here in the US things that people forever claim “I’d paid for these benefits” such as Social Security and Medicare provide benefits far in excess of what people paid in, especially Medicare. Schools? I don’t have the current #’s but I believe average spending per student is about $12,000 per student per year nationally. Here in Vermont we spend far more than that, close to $18,000. Two kids K-12 at $12,000 each comes to $312,000 and that’s before any other city services are provided (police, fire, parks, trash etc). Most people will never pay $312,000 in property taxes in their lives, yet demand nothing but the best for little Johnny. Politicians know this.January 22, 2015 at 4:06 pm #35033
Yes the free everything population. I think by Europe also printing this large amount of QE will collapse the Euro faster. This maybe why the Swiss did what they did last week. I just think that Europe will collapse first, then Russia maybe in trouble too since Europe is a big buyer of there gas. Japan is close too!January 22, 2015 at 4:42 pm #35035
I do hope this means the EU collapses! 80% of the British population would like the UK to leave the EU-although we don’t actually use the Euro.
British Survivalist.January 22, 2015 at 4:48 pm #35038
lonewolf, will the Euro collapse do anything to Britain?January 22, 2015 at 5:00 pm #35041
The question is what will the euro collapse do to China. Humpty dumpty sat on a wall, Humpty dumpty had a great fall….
Will no one control these rogue bankers in the west?January 22, 2015 at 5:22 pm #35042
Brulen, The bankers(top one’s) want the collapse to reset with a new World order and world currency. With the collapse of Europe, The U. S., Russia, Japan, then China has to eat there gold for dinner. No one to purchase there products so what do they do? So your Humpty Dumpty will happen for sure.January 22, 2015 at 6:42 pm #35045
freedom it will soon be like Germany in the 1920s. Eurogeddon. Once it starts its like a tsunami. did you hear the commies in Greece celebrating in the background. No special rules for Greece except the special rules. The swiss are flooding over the border trying to stock up on cheaper clothes and electronics in Germany. Quantitive hyper inflation – to the end of the universe and beyond. Wish them luck.January 22, 2015 at 8:43 pm #35054
freedom they turn production inward to the 300 million middle class income inside china and raise standard of living like the usa did post ww2 can hold off on their side for at least a decade. they have more middle class than just about the population of usa http://www.rttnews.com/1997232/china-s-middle-class-population-to-jump-to-600-mln-by-2020.aspx
we need to grow up the west and lose the sense of entitlements we are no longer the market, no longer the driving force behind most of world shaping trends no longer a first world, if we dont fix it we will be third world so fast we will only have the same out look as Italians on roman empire.
we lost what made us great, we need to find that path again the route we are now on has been played out before we all know where that goes. Maybe we will be first ever to not hit rock bottom and stay there.from top of the pile. That route will require A LOT of hard work do you think those around you will do what it takes or merely sit and watch the super bowl?January 22, 2015 at 9:05 pm #35057
I have been doing business with Spain, France and Italy for over 15 years and have travel there many times. The Socialist governments do not work for the business owners. The business owners in Europe can’t fire an employee if he or she doesn’t work hard so why grow your business. That needs to change. I think that Europe knows that and want to change to a more productive countries.
The U. S. is going into the socialist ways which the Europeans do not understand why we would do that when it has not worked in Europe. So Europe may turn to a more Capitalist then the U. S. we will see.January 22, 2015 at 9:08 pm #35058
namelus, The only problem I see is that Europe is trying QE of $60 Billion Euros that is very similar to the $80 Billion a month QE the U. S. did. This is only printing paper money that has no backing at all. Europe and the U. S. are just printing paper money.January 22, 2015 at 9:43 pm #35060
Had a conversation with a good friend today. A very smart man with common sense. His approach to all of this is “What problem?” I was shocked. If this guy doesn’t get it, this country is in a world of hurt. He believes there will be a correction in the stock market, but then continue to grow. He said that QE worked for us why not for Europe. He said with all the forecasts for economic collapse, nothing has happened. He discounted 2008 as an anomaly.
I suspect the vast majority of our fellow Americans would agree with him. It will be interesting to get his reaction when the house of cards start to fall.
My fear is that this is a precursor to war. WWII got us out of the depression. With the leaders we have in the world today, I suspect they wouldn’t hesitate to start one to save their fortunes, and as a side benefit reduce the population to a more “manageable” size.January 23, 2015 at 3:56 pm #35113
<div class=”d4p-bbp-quote-title”>freedom wrote:</div>lonewolf, will the Euro collapse do anything to Britain?
we don’t use the Euro in the UK, they need our money( to stay in the “club”) more than we need them, 80% of the british people now say they want out of the EU.
British Survivalist.January 23, 2015 at 4:01 pm #35114
Roadracer, Some do not get it at all. The national debt and the debt of SS, Medicare, the bank derivatives, is in the 100’s of Trillions of dollars, the interest on it can’t be payed back. Europe is in the same boat. Now who long can this go on where we keep paying the interest by printing more money I do not know but it will end. When it does it will be the biggest collapse the world has ever seen.
Right now the stock market is making money so they all think everything is good.January 23, 2015 at 4:03 pm #35115
lonewolf, that is good news for the UK. The UK may survive the world collapse but we know that even the countries that survive it will still be very bad.
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