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How about some rampant speculation?
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<blockquote data-quote="vantexan" data-source="post: 974754" data-attributes="member: 24302"><p>It's just such an ethnocentric viewpoint that we Americans should spend our money to bail them out. THEY formed the European Union, THEY let it get this bad. And bailouts only tend to lengthen the misery, not cure it. Pouring money down a hole doesn't fix anything. And you did say, more or less, that a Republican unwillingness to bail them out will result in a global meltdown.</p><p></p><p>I pointed this stuff out last year and some on here scoffed at the idea that Europe was doing badly. As Margaret Thatcher famously pointed out the problem with Socialism is that you eventually run out of other people's money to spend. And I heard an economist say recently that the problem is that modern technology has lead to an overcapacity in our ability to produce goods. Money gets tied up in inventory, there's very little liquidity, and it results in one financial crisis after another. And unfortunately as 59 Dano pointed out, it may take a huge blow-out like WWII to right things. I see a war against Islam in our future, or against China/Russia. Bad times ahead.</p></blockquote><p></p>
[QUOTE="vantexan, post: 974754, member: 24302"] It's just such an ethnocentric viewpoint that we Americans should spend our money to bail them out. THEY formed the European Union, THEY let it get this bad. And bailouts only tend to lengthen the misery, not cure it. Pouring money down a hole doesn't fix anything. And you did say, more or less, that a Republican unwillingness to bail them out will result in a global meltdown. I pointed this stuff out last year and some on here scoffed at the idea that Europe was doing badly. As Margaret Thatcher famously pointed out the problem with Socialism is that you eventually run out of other people's money to spend. And I heard an economist say recently that the problem is that modern technology has lead to an overcapacity in our ability to produce goods. Money gets tied up in inventory, there's very little liquidity, and it results in one financial crisis after another. And unfortunately as 59 Dano pointed out, it may take a huge blow-out like WWII to right things. I see a war against Islam in our future, or against China/Russia. Bad times ahead. [/QUOTE]
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