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The Euro death watch
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<blockquote data-quote="brett636" data-source="post: 977889" data-attributes="member: 249"><p>Believe me, there is no smugness involved. I do not take joy in people losing their livelihoods, reducing their standard of living, and having their world turned upside down. I am simply giving recognition to the one and only logical conclusion when the socialist ideology is applied to a country or group of countries in the case of the Euro. When governments start providing the basic necessities of the people it doesn't stop there. Politicians realize that they have to promise and provide more in order to remain in power. The people continue to vote in these politicians who do just that only they lose any regard for the future financial stability of their government. Eventually they over promise and they(politicians) can't come up with the financing to meet their obligations and the entire system collapses as we are witnessing now in the Eurozone. The basic math of having more money going out than coming in eventually comes back to terrorize those who ignore it. A lesson I sense you just cannot grasp.</p></blockquote><p></p>
[QUOTE="brett636, post: 977889, member: 249"] Believe me, there is no smugness involved. I do not take joy in people losing their livelihoods, reducing their standard of living, and having their world turned upside down. I am simply giving recognition to the one and only logical conclusion when the socialist ideology is applied to a country or group of countries in the case of the Euro. When governments start providing the basic necessities of the people it doesn't stop there. Politicians realize that they have to promise and provide more in order to remain in power. The people continue to vote in these politicians who do just that only they lose any regard for the future financial stability of their government. Eventually they over promise and they(politicians) can't come up with the financing to meet their obligations and the entire system collapses as we are witnessing now in the Eurozone. The basic math of having more money going out than coming in eventually comes back to terrorize those who ignore it. A lesson I sense you just cannot grasp. [/QUOTE]
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