france is doing better than north america...
you cant compare china and india to america LOL
the whole EU economy has been mismanaged but not bc of welfare.
I drink your milkshake! a metaphor for capitalism
- Thread starter rickyb
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you cant compare china and india to america LOL
the whole EU economy has been mismanaged but not bc of welfare.
If you promise people benefits you can't deliver because your economy can't produce enough to cover them, that's mismanagement. You can't wave a magic wand over it and fix that.
Prove that France is doing better than the U.S..
they do produce enough to cover them.
the EU currency doesnt work for one. finance is a disaster secondly.
well nothing is going to prove that to you, but they have a higher standard of living because their costs of goods is cheaper than america even though they get smaller paychecks in part because they choose to work less. for example the frenchman down the block pays $1 per month for his phone bill and its got everything. the healthcare is cheaper. college is cheaper.
They couldn't pay for their entitlements and are in serious debt now. Debt owned by banks which if they fail to pay their bills the banks will collapse. Which could lead to a worldwide collapse. Everything is so integrated that a small country can cause huge turmoil.
no its not.
im guessing most of the US debt is from war and bailing out banks. and cutting taxes on the rich.
Prove that. I'm all ears. Paris costs as much as New York to live in.
the guy is from paris.
You don't get it. Not talking about our national debt. I'm talking about banks lending out billions of depositors money. If the country they lent to fails to pay the banks can't pay back their depositors as well as make any profit. They'll be shut down. And American banks are heavily invested in European banks. It's a dominoe effect.
The guy came from paradise to suffer with you? Look up the cost of living on Numbeo.
banks made risky loans and did illegal activity and shouldve gone bankrupt.
greece wasnt bailed out, french and german banks were. alot of the greek debt was erroneous and should be wiped off.
i just did and you didnt want to hear it no suprise.
How was it erroneous? If you borrow to pay for social programs and can't pay it back how is it erroneous? Not talking about what banks did in the U.S. before 2008, I'm talking about what's going on in Greece right now. Why is it in Bulgaria, a former communist country next door to Greece, banks are very strong? They refused to lend to Greece.
Well I just looked it up. Paris is 15% cheaper than New York but about 3% more expensive than Toronto. Hardly a cheap place. France overall is about 8% more expensive than the U.S. but to their credit rent is 33% less. You can say it's cheap but you have to back it up with hard numbers.
goldman and the greek govt covered up the numbers to do it.
some of it was from the US backed greek dictatorship.
greeks also had their gold stolen by the nazis.
i forget what else. the debts cant be paid back, so they should be written off. FYI its called a haircut.
again, bailout is not for greece, it was for german and french banks.
not what i said, they have a higher standard of living than north america.
alot of millenials are socialist not because of professors but because capitalism is serving them so poorly.
they can look forward to:
-never ending debts
-
wages-environmental collapse.
Where do you think they get their info about socialism?alot of millenials are socialist not because of professors but because capitalism is serving them so poorly.
they can look forward to:
-never ending debts
-
-environmental collapse.
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