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Main Forums => Politics => Topic started by: AZRedhawk44 on December 01, 2010, 02:35:29 PM

Title: American Suicide: We're borrowing from China to bail-out the EU
Post by: AZRedhawk44 on December 01, 2010, 02:35:29 PM

http://www.cnbc.com/id/40454469

Why can't the EU borrow from China to bail themselves out?

The EU's Euro, ever since its inception, has been a collosal flop.  And it was designed with the intention of being a predatory, competitive currency against the dominance of the USD.

There's no reason whatsoever we should be bailing out the EU.

Title: Re: American Suicide: We're borrowing from China to bail-out the EU
Post by: vaskidmark on December 01, 2010, 03:00:26 PM

Question:

Do we have enough paper to pull this off?

'Cause I'm pretty sure there are folks who are not willing to accept the promise of potentially available in the future electrons backing this scheme.

Frankly, I want to see the narcotrafficers and other extra-legal folks who deal in actual hard-copy greenbacks start whining that their assets stacked up in boxes in the attic are declining in value so fast as to make an avalanche look like a mere dusting of powdered sugar.  Grants and Benjamins turning into Lincolns before their very eyes!

stay safe.

Title: Re: American Suicide: We're borrowing from China to bail-out the EU
Post by: Waitone on December 01, 2010, 04:38:10 PM

Breathtakingly stupid.  But then again there is a lot of that going around.

Title: Re: American Suicide: We're borrowing from China to bail-out the EU
Post by: vaskidmark on December 01, 2010, 05:48:12 PM

Quote from: Waitone on December 01, 2010, 04:38:10 PM

Breathtakingly stupid.  But then again there is a lot of that going around.

I'm presuming your comment was directed towards the news contained in the OP.

stay safe.

Title: Re: American Suicide: We're borrowing from China to bail-out the EU
Post by: longeyes on December 01, 2010, 06:13:41 PM

It's not the "EU" we're bailing out, it's the international financiers.