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EUR To Overtake USD As Global Reserve Preference  
User currently offlineLXA333 From United States of America, joined Nov 2008, 279 posts, RR: 0
Posted (5 years 7 months 2 weeks 2 days 1 hour ago) and read 4038 times:

Its only a question of time due to the EURs stability. Slowly the US is deteriorating overall and losing ground as world economic supreme leader to the EU even though most of our citizens would deny it. NYC for example, has lost prominence to London on a major scale when it comes to trading equity. Also, some countries in the EU are trying to work harder by implementing new laws such as the one Sarkozy tried to pass which tried to extend working hours for the french. I see a very strong Europe in the future and I am happy that all europeans are getting over their differences as an ethnic european.



http://www.mckinsey.com/mgi/mginews/rise_of_the_euro.asp


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81 replies: All unread, showing first 25:
 
User currently offlineDtwclipper From , joined Dec 1969, posts, RR:
Reply 1, posted (5 years 7 months 2 weeks 2 days ago) and read 4005 times:

Your link is from 3.08....things have changed just a bit since then on both sides of the Atlantic. I'm not sure if your prediction is very relevant now.

User currently offlineDougloid From , joined Dec 1969, posts, RR:
Reply 2, posted (5 years 7 months 2 weeks 2 days ago) and read 3983 times:



Quoting Dtwclipper (Reply 1):
Your link is from 3.08....things have changed just a bit since then on both sides of the Atlantic. I'm not sure if your prediction is very relevant now.

I think the brother has been, as we say, Out of Touch With World Events. A lot of people in NYC and London are currently trading unemployment checks not equity. Mr. Baroque relates elsewhere the following joke that's making the rounds:

Moe: What does 'confidence in the financial markets' mean?
Joe: I dunno. What does it mean?
Moe. That's when you iron five shirts on Sunday evening.


User currently offlineLXA333 From United States of America, joined Nov 2008, 279 posts, RR: 0
Reply 3, posted (5 years 7 months 2 weeks 2 days ago) and read 3963 times:

Out of touch haha, I dont think so. I live in New York and I volunteer in the financial industry. Unemployment is going on everywhere, but its going on in the US at higher rate. Unemployment is now, almost 7 percent in the USA. So, I guess you're saying that, just like that out of nowhere 0 equity is being traded. Nice. I definitely can rely on you, Dougloid. These kind of things(Global reserve preference) are really really long-term, when the economy bounces back up things will resume, not perhaps the way they were before.


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User currently offlineMarSciGuy From United States of America, joined Jun 2007, 549 posts, RR: 0
Reply 4, posted (5 years 7 months 2 weeks 1 day 23 hours ago) and read 3947 times:

You think unemployment is lower in the EU?!


"There weren't a ton of gnats there where a ton of gnats and their families as well!"
User currently offlineLXA333 From United States of America, joined Nov 2008, 279 posts, RR: 0
Reply 5, posted (5 years 7 months 2 weeks 1 day 23 hours ago) and read 3947 times:

No, the developed EU countries, the original ones in western europe. If we count Bulgaria etc. Different story.

[Edited 2008-12-13 08:17:14]


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User currently offlineDreadnought From United States of America, joined Feb 2008, 8788 posts, RR: 24
Reply 6, posted (5 years 7 months 2 weeks 1 day 21 hours ago) and read 3873 times:



Quoting LXA333 (Thread starter):
Slowly the US is deteriorating overall and losing ground as world economic supreme leader to the EU even though most of our citizens would deny it.

As a single country, the US is still on top of the heap. As far as the dollar is concerned, of course the Euro is going to be very competitive, since the concept of "reserve currency" is directly related to the GDP produced by economies that use that currency. The The US GDP last year was $13.8 trillion, vs $14.4 trillion for all EU countries put together (including Britain and other countries that do not use the Euro). So it's close, but not quite there.

Quoting LXA333 (Thread starter):
NYC for example, has lost prominence to London on a major scale when it comes to trading equity.

Mainly due to Sarbanes-Oxley, which should be largely repealed.

Quoting LXA333 (Thread starter):
Also, some countries in the EU are trying to work harder by implementing new laws such as the one Sarkozy tried to pass which tried to extend working hours for the french.

i.e. away from Socialism.

Quoting LXA333 (Thread starter):
I see a very strong Europe in the future and I am happy that all europeans are getting over their differences as an ethnic european.

No question, it is good news - I have nothing against a strong Europe.

Quoting MarSciGuy (Reply 4):
You think unemployment is lower in the EU?!

http://www.bls.gov/fls/flsjec.pdf

US Unemployment (and I expect EU as well) has spiked in the past couple of months, but is generally lower.



Veni Vidi Castratavi Illegitimos
User currently offlineDtwclipper From , joined Dec 1969, posts, RR:
Reply 7, posted (5 years 7 months 2 weeks 1 day 21 hours ago) and read 3866 times:



Quoting LXA333 (Reply 5):
No, the developed EU countries,

And have you checked out the inflation situation in the EU? Have you seen the headlines about government aide to finical institutions in the EU?



Are you AFKLLHXXXX with a new user name?


User currently offlineDougloid From , joined Dec 1969, posts, RR:
Reply 8, posted (5 years 7 months 2 weeks 1 day 21 hours ago) and read 3851 times:



Quoting LXA333 (Reply 3):
I live in New York and I volunteer in the financial industry.

Well, thats simple then. You don't live in the United States and you don't work there either.

Also, I think perhaps you're trolling, shall we say, interested in starting another brushfire war here?

Well, you're a bit late to the dance if that's your game. We had this discussion all year.

Quoting LXA333 (Reply 5):
No, the developed EU countries, the original ones in western europe. If we count Bulgaria etc. Different story.

Oh, but I thought it was one big happy family, you know, room under the Big Tent For All? Do you mean to suggest that....there's a decided difference in ....equality of stature in the EU?


User currently offlineWardialer From United States of America, joined Sep 2001, 1182 posts, RR: 0
Reply 9, posted (5 years 7 months 2 weeks 1 day 20 hours ago) and read 3825 times:

And dont forget, Europe is MORE stable economically than the US.
US is still a sinking ship compared to Europe and the US Dollar will not exist at all.

The US is so much in debt right now due to bailing out the banks (or who knows will be next), that the US will run out of money and the US will soon have to convert to the EU currency.


User currently offlineDocLightning From United States of America, joined Nov 2005, 19389 posts, RR: 58
Reply 10, posted (5 years 7 months 2 weeks 1 day 19 hours ago) and read 3805 times:



Quoting Dreadnought (Reply 6):

As a single country, the US is still on top of the heap.

You can't think of it that way anymore. You have to think of it as a single economy. The EU has transcended the idea of a sovereign nation by uniting the economies of all the members.

And as a unified economy, the EU has a larger GDP than the U.S.

The U.S. empire is falling. The patriots refuse to acknowledge it. That's part of what the GOP of the last decade was trying to do; hide the collapse of the U.S.A. by invading countries and waving flags and crosses around.

But even the Bible preaches that pride is a sin, and with good reason. When the money ran out and people were suddenly without places to live, they found that all that pride didn't buy a warm place to stay or food to eat or medicine to treat their ills.

Acknowledging your weaknesses, swallowing your pride, is the only way to save any semblance of the greatness of the U.S. Our global empire is going the way of the British Empire, that much is sure. And yet, there is a way to rescue ourselves, much as the British did by joining the EU.

The next great empire will not be China or India; it will be a unified Europe.


User currently offlineLXA333 From United States of America, joined Nov 2008, 279 posts, RR: 0
Reply 11, posted (5 years 7 months 2 weeks 1 day 19 hours ago) and read 3800 times:

As for the latest unemployment statistics, I know whats going on everyday where I work as an intern. 6.7 %, soon to be 7 meaning that above 21 million people are unemployed.

http://www.wfmz.com/view/?id=586425

And Dougloid, I know the new eastern european countries count, but do they really in major problem solving? When it comes to those problems Germany usually plays the major role in the EU from what I've seen.

And as for the in-debt thing, 2 months go there was no more space in Times Square to put a 17th digit to signal that we're in tens of trillions of debt. Horrible.

And as for, Europe being the next empire, I'll be damn happy as long as its not a "speculative" nation like China.

[Edited 2008-12-13 12:23:05]


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User currently offlinePhoenix9 From Canada, joined Aug 2007, 2546 posts, RR: 8
Reply 12, posted (5 years 7 months 2 weeks 1 day 19 hours ago) and read 3786 times:



Quoting DocLightning (Reply 10):
The U.S. empire is falling. The patriots refuse to acknowledge it. That's part of what the GOP of the last decade was trying to do; hide the collapse of the U.S.A. by invading countries and waving flags and crosses around.

Put on your flame suit Doc...


Back on topic: Please correct me if I am wrong, I thought most of the modern currency transactions did not rely on gold reserves and the world economy has separated itself from having enough currency to match the gold reserves of the country. Given the global growth in past couple of decades, there is probably not enough gold to match the total world currency.

As long as the oil trade is done in US dollars, it would be hard to have EUR take over it.



Life only makes sense when you look at it backwards.
User currently offlineGeekydude From China, joined Apr 2004, 401 posts, RR: 2
Reply 13, posted (5 years 7 months 2 weeks 1 day 19 hours ago) and read 3769 times:



Quoting LXA333 (Reply 11):
And as for, Europe being the next empire, I'll be damn happy as long as its not a "speculative" nation like China.

Honestly, I don't think China will be become the next superpower. For all the fear-mongering rhetorics, I do not really care if China can surpass the US or any other country in terms of GDP or any other measure. But I do care if the people, all the poor people, can be fed properly, can have access to basic healthcare, can receive basic education, can excerise more freedom, et etc, in the future. It might be presumptuous of me, but I believe most ordinary people in China share my view.


But just out of curiosity, please define "speculative"?



FLIB 152 'heavy' low approach...Caution wake turbulance!
User currently offlineKlaus From Germany, joined Jul 2001, 21406 posts, RR: 54
Reply 14, posted (5 years 7 months 2 weeks 1 day 19 hours ago) and read 3743 times:



Quoting DocLightning (Reply 10):
The next great empire will not be China or India; it will be a unified Europe.

The thing is that the United Europe does not try to become an "empire". Empires are basically built on authoritarian rule by a central power. Europe works primarily by creating functioning infrastructures and is relatively successful at that. The emphasis is no longer(!) on the exploitation of others but on their integration in stable and self-sustaining political and economic systems.

But of course there is also still a bunch of major problems, some internal, some external, such as the infamous (but at least much reduced) agricultural subsidies which undercut the viability of farmers even in the third world.

Quoting Phoenix9 (Reply 12):
As long as the oil trade is done in US dollars, it would be hard to have EUR take over it.

There is a school of thought which associated the Iraq invasion with Saddam's (economically excellent) decision to switch over from the Dollar to the Euro as denominational currency. Unfortunately the longer-term consequences of the Iraq war will probably help bring about the demise of the Dollar as at least the exclusive oil currency.

The Iraq invasion has started several tectonic shifts away from the previously still existing "post-war order", and the total dominance of the Dollar is one of the things which will most likely cease to exist not too far from now.

Quoting Geekydude (Reply 13):
Honestly, I don't think China will be become the next superpower. For all the fear-mongering rhetorics, I do not really care if China can surpass the US or any other country in terms of GDP or any other measure. But I do care if the people, all the poor people, can be fed properly, can have access to basic healthcare, can receive basic education, can excerise more freedom, et etc, in the future. It might be presumptuous of me, but I believe most ordinary people in China share my view.

For all its currency reserves now, the chinese government will have a hard time keeping its population happy through a major worldwide economic slump, but they have no choice but to attempt it anyway, which in itself is not the worst possible thing. We can only hope it will lead to improvements especially for the poorest people and to a liberation on the political level at some point.


User currently offlineDougloid From , joined Dec 1969, posts, RR:
Reply 15, posted (5 years 7 months 2 weeks 1 day 17 hours ago) and read 3676 times:



Quoting Geekydude (Reply 13):
Honestly, I don't think China will be become the next superpower. For all the fear-mongering rhetorics, I do not really care if China can surpass the US or any other country in terms of GDP or any other measure. But I do care if the people, all the poor people, can be fed properly, can have access to basic healthcare, can receive basic education, can excerise more freedom, et etc, in the future. It might be presumptuous of me, but I believe most ordinary people in China share my view.

Do you ever watch P.O.V. (Point of View), Mr. Dude? They had one recently called Up the Yangtze and it was stunning. It started out with a Chinese American wanting to make a travel documentary but ended up with the story of a very poor family. Mr. Yu was a farmer who squatted on a piece of land along the river where he could farm and feed his family. One of his daughters went to work on a river cruise boat for tourists. Mr. Yu was a peasant from Fujian, and he was seen as something of a hillbilly. Looking at him struggling to feed and clothe his family and knowing that he is probably younger than me was ....I was pretty much speechless. Hard work had literally worn him out.



http://www.pbs.org/pov/filmarchive.php

Quoting LXA333 (Reply 11):
And Dougloid, I know the new eastern european countries count, but do they really in major problem solving? When it comes to those problems Germany usually plays the major role in the EU from what I've seen.

Well, what problems are you talking about?

Quoting LXA333 (Reply 11):
As for the latest unemployment statistics, I know whats going on everyday where I work as an intern. 6.7 %, soon to be 7 meaning that above 21 million people are unemployed.

http://www.wfmz.com/view/?id=586425

And Dougloid, I know the new eastern european countries count, but do they really in major problem solving? When it comes to those problems Germany usually plays the major role in the EU from what I've seen.

And as for the in-debt thing, 2 months go there was no more space in Times Square to put a 17th digit to signal that we're in tens of trillions of debt. Horrible.

And as for, Europe being the next empire, I'll be damn happy as long as its not a "speculative" nation like China

You've got a great future in Europe, I think. You'll find plenty of fellow travelers there.

You underestimate China, I think. I think Mr. Dude will tell you that there are no people in the world who can work harder than the Chinese. Every one I met who'd come over to take delivery of one of our airplanes at Douglas were no nonsense, get the job done people, and not a cork sniffer among them either.

Fact is, they remind me a lot of Americans before they began to doubt themselves. Get used to it-this is their century, not ours.


User currently offlineKlaus From Germany, joined Jul 2001, 21406 posts, RR: 54
Reply 16, posted (5 years 7 months 2 weeks 1 day 17 hours ago) and read 3666 times:



Quoting Dougloid (Reply 15):
Fact is, they remind me a lot of Americans before they began to doubt themselves. Get used to it-this is their century, not ours.

That can't be – this is the japanese century as we all know since the 1980s, isn't it...?  mischievous 

Hype and reality. Im not sure they're even step siblings.


User currently offlineCubsrule From United States of America, joined May 2004, 22726 posts, RR: 20
Reply 17, posted (5 years 7 months 2 weeks 1 day 16 hours ago) and read 3655 times:



Quoting LXA333 (Reply 5):
No, the developed EU countries, the original ones in western europe. If we count Bulgaria etc. Different story.

Depending on what numbers you use, I see France between 7 and 8%. Germany was 7.5% in November. Britain is around 6%. Belgium is between 7 and 8. Shall I go on?



I can't decide whether I miss the tulip or the bowling shoe more
User currently offlineAcheron From Spain, joined Sep 2005, 1595 posts, RR: 2
Reply 18, posted (5 years 7 months 2 weeks 1 day 16 hours ago) and read 3645 times:



Quoting Phoenix9 (Reply 12):
As long as the oil trade is done in US dollars, it would be hard to have EUR take over it.

In the next few meetings, the OPEC plans to discuss switching to the Euro as the preferred currency for oil trading with the organization.


User currently offlineKlaus From Germany, joined Jul 2001, 21406 posts, RR: 54
Reply 19, posted (5 years 7 months 2 weeks 1 day 16 hours ago) and read 3641 times:



Quoting Cubsrule (Reply 17):
Depending on what numbers you use, I see France between 7 and 8%. Germany was 7.5% in November. Britain is around 6%. Belgium is between 7 and 8. Shall I go on?

It should be noted that different countries use significantly different methods for determining the respective levels of unemployment.


User currently offlineLXA333 From United States of America, joined Nov 2008, 279 posts, RR: 0
Reply 20, posted (5 years 7 months 2 weeks 1 day 16 hours ago) and read 3627 times:



Quoting Dougloid (Reply 15):
Well, what problems are you talking about?

I'm talking about voting power in the EU and how the "big 4" control most of the power in it, particularly Germany as I stated before. If they oppose anything they have the power to reject whatever law. I'm not against it, but all of the other smaller EU countries want to play a role too.



As for China being the next superpower, I don't even think it will be the one after due to future implosion within the economy/the ability not to control it, if you want to consider it a Soviet style superpower in which most of the GDP is put into Military expenditures or any other department then yes they can be strong in that aspect.

As for the EU being the next superpower, not anytime soon in my opinion, because its GDP per capita is almost 14k per capita less now than the US. On top of that there are going to be countries within a few years that will join that are very weak compared to European standards( basically the whole western balkans). The US still dominates and continually will until a later date when all of Europe is developed.



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User currently offlineAlessandro From , joined Dec 1969, posts, RR:
Reply 21, posted (5 years 7 months 2 weeks 1 day 15 hours ago) and read 3614 times:

I think gold is the winner, €uro and US$ can slough it out for 2nd and 3rd spot.

User currently offlineKlaus From Germany, joined Jul 2001, 21406 posts, RR: 54
Reply 22, posted (5 years 7 months 2 weeks 1 day 15 hours ago) and read 3602 times:



Quoting LXA333 (Reply 20):
I'm talking about voting power in the EU and how the "big 4" control most of the power in it, particularly Germany as I stated before. If they oppose anything they have the power to reject whatever law. I'm not against it, but all of the other smaller EU countries want to play a role too.

You are quite mistaken about how the EU works.

At this point, every one of the 27 member countries has a veto!

Which means a significant imbalance to the disadvantage of the more populous countries — my vote as a german citizen has only a fraction of the weight the vote of a luxembourgeois citizen does, for instance.

It is more the rule than the exception that one of the smaller countries threatens to block decisions if they don't get special concessions from the bigger ones.

Even the proposed Lisbon treaty was to preserve significant influence for the smaller countries so the large ones would never be able to push through anything if the smaller ones were against it.

It's actually a pretty sweet deal for the smaller countries and it will remain so. Which is fine with me, but a universal veto for everyone is just destructive when it applies to pretty much every decision.


User currently offlineCubsrule From United States of America, joined May 2004, 22726 posts, RR: 20
Reply 23, posted (5 years 7 months 2 weeks 1 day 12 hours ago) and read 3531 times:



Quoting Klaus (Reply 19):
It should be noted that different countries use significantly different methods for determining the respective levels of unemployment.

 checkmark That's absolutely true. Even where I've seen corrected numbers, though, I've never seen unemployment being lower on the Continent-- IIRC, you need to add 1-1.5% to French and German numbers to 'convert' them to American numbers (but it's been a while-- that might not be right).



I can't decide whether I miss the tulip or the bowling shoe more
User currently offlineDougloid From , joined Dec 1969, posts, RR:
Reply 24, posted (5 years 7 months 2 weeks 1 day 11 hours ago) and read 3527 times:



Quoting Klaus (Reply 16):
That can't be – this is the japanese century as we all know since the 1980s, isn't it...?   

Hype and reality. Im not sure they're even step siblings.

I do seem to recall hearing that from somebody, although I do not remember whom. Well, we hosed 'em good with Radio City. Maybe those yanquis were a bit smarter than those japanese fellows gave them credit for, perhaps?





 Wink

Quoting LXA333 (Reply 20):
Quoting Dougloid (Reply 15):
Well, what problems are you talking about?

I'm talking about voting power in the EU and how the "big 4" control most of the power in it,

OK, fella. You've got the floor. I'm finished with EU politics for a while.


 bomb 


25 Geekydude : Thanks for the link. I will check it out. But I can imagine the life of a poor Chinese peasant. Despite an oppulant facade tourists often see in Beij
26 Dougloid : It was really interesting. Mr. Yu had been chased out of his village because his father had gotten sideways with the Red Guards and he found this chu
27 Post contains links Tugger : You don't know what's going on. "6.7 %, soon to be 7 meaning that above 21 million people are unemployed"? Uh, no. I'm guessing you are using the ent
28 Geekydude : That's correct. Pick an introductory Macroeconomics textbook and you will see that the umemployment rate is calculated as the ratio of the number peo
29 Mham001 : I've been hearing disinterested analysts say that Europe and Britain in particular, are going to be hit much harder than the US in this downturn. They
30 DocLightning : Which is precisely why Europe is going to develop a truly great empire; because they are doing it sustainably.
31 Ual777 : Thats just stupid. See the two above. That NYU degree must not teach much on economics.
32 SKAirbus : In europe there is far less scaremongering going on which is reducing in higher job cuts etc... Although the credit crunch has caused an economic slo
33 Flighty : The thing about the dollar that nobody seems to get is: the lower it goes, the stronger its upward pressure gets. This is a naturally balanced system.
34 Wardialer : What will happen to the US, is that there going to convert to EUROS really soon, because the US dollar will just not exist anymore. People dont believ
35 Flighty : Well, this recession is an endless source of entertainment, talk, and common purpose for us Americans. Although it is basically the story of a housin
36 Wardialer : By next year, the US will eventually convert to EUROS because the Dollar is falling and is very unstable. People here dont believe me, but thats the t
37 Klaus : Now if you could only get rid of that "empire" misnomer...! Not here, at least not now. The christmas shopping season seems to be going quite well. T
38 Alessandro : I doubt it, but I think more and more people will go for gold instead. The €uro zone is growing very slowly, Slovakia is next.
39 Dougloid : This country boy does not work for free. That ought to tell you the value of the work and the alleged education that led up to it. My old man always
40 Flighty : Exactly... a trillion bucks for them is $1,000 per person!! Really not much money by American standards. Anyway, I am glad that China has some money
41 Johns624 : It's a FACT? A fact is something which has been proven. Where is your proof? In the real world, the Euro is the number 3 currency in the world, behin
42 Klaus : You're kidding, right? The Pound's backing economy is so small by comparison to either the USA or the Eurozone that it is a relatively speculative re
43 PPVRA : The dollar became world reserve currency as a result of the undoing of the Bretton Woods System. That system pegged the USD to gold, and other currenc
44 DocLightning : Hegemony? All currencies gain and lose strength and all empires eventually fall. There is not a single "empire" that has survived continually since t
45 Klaus : You are mocking me, are you not?
46 FXramper : When my folks moved to Portugal in 2000 the US dollar got like a 1.25 Euro exchange.
47 DocLightning : I would never...
48 Post contains images Klaus : Ah. Okay. Then you're excused.
49 Johns624 : Read my example. So much about money IS emotional. That's why no matter how much the rest of the world dislikes the US or UK, they'll always want dol
50 Klaus : "Civilian" people on the ground in some areas may be slow to recognize that there's a new currency around; It's a completely different matter as far
51 Flighty : Does it? What if I suggested that cheap dollars inspire bigger exports, which increases upward pressure on the dollar? That is what I was talking abo
52 Post contains links PPVRA : This article might interest you.
53 DocLightning : Danke. Which is why the Taj Mahal stopped accepting the USD and started accepting the EUR?
54 MillwallSean : The main reason why the dollar has lost its position, and it has, is the insane increase in debt that the present US administration has managed to ach
55 Flighty : We still have a debt less than many European nations. I agree though, we have been pursuing a wrong strategy. ?? Good for us? I don't see why we need
56 MillwallSean : Well as ususal it depends on how you count. The US debt is by far the largest in the world. No one even comes close. At the moment its somewhere betw
57 Babybus : I think we all know that unemployment figures on both sides of the Atlantic are completely inaccurate and manipulated. By signing people off as sick
58 Post contains links AirCatalonia : Just adding some fresh news to the discussion: Fed slashes key rate to near zero - CnnMoney.com Obama warns they are running out of tools to fight the
59 Cubsrule : I think regardless of whose numbers you look at, the US comes out ahead. I'm not sure how much it matters, but it's not true that the US has higher u
60 Klaus : You should also look at who it is who's lending you the money. The US have primarily foreign lenders, in Germany for instance the debt is owed primar
61 Dougloid : I'd tend to agree with that but you have to know that there's a lot of power in owing people a lot of money, and you know pretty well that China, Jap
62 MillwallSean : Now you have a point in that, but the threat that China can do so is enough to keep the terrorbalance. Just like the US cant impose major tradesancti
63 GSOShutout55 : Just curious, what parts do you wish to be repealed, and why?
64 Dougloid : That's not a "terrorbalance" as you call it-nothing of the sort. It's a relationship that has a lot of advantages for both sides. Fact is, there neve
65 Post contains links Cubsrule : The question wasn't directed at me, but I'll take a stab at it (and, shockingly, remain on topic). SOX was a knee-jerk reaction to a string of corpor
66 Alessandro : A bit more complicated than that, let´s say that PRC decide to use the money US owe them in a hostile way. The US economy will suffer big time, big
67 Dougloid : Nope. It is as simple as not killing the goose that laid the golden egg, particularly out of spite which is what a lot of you guys seem to think woul
68 Alessandro : So it´s very profitable to export to the US right now? I don´t buy that, to buy factories at low cost and dissemble them has been done many times he
69 Post contains links Dougloid : But they aren't going to do it, don't you see? You haven't given me a viable scenario where that would be in their own self interest to do such a thi
70 Klaus : The point with China is that they now have enough leverage to make a whole range of instruments ineffective which the US once had to exert its influen
71 Dougloid : In theory, that's so and there's no doubt it is leverage.. I imagine China's trade surplus with Europe could be seen the same way. But what I'm not h
72 Klaus : No. The operative difference is that our debt is primarily internal. China doesn't hold much if any of our debt. Especially Germany has such a sustai
73 Dougloid : I'm not nearly as obsessed about it as people on your side of the pond seem to be, and I keep asking myself "Why is that? Why do people insist on com
74 Klaus : That someone takes an interest in the very real difficulties the USA is in is usually not a sign that same person is malevolent or otherwise defective
75 Dougloid : That's quite true, and that imposes a burden on people who are watching from afar, as it were, to get their facts right, doesn't it? However, as some
76 Klaus : If you think there's no intelligent life in a particular discussion, why lower the level of the devate even further by reiterating your own unsubstant
77 LXA333 : Well isn't this thread still alive and doing well hehe.
78 Dougloid : Because I'm as intolerant of conventional wisdom as you are, I suspect. I hardly think that I've got some unreasonable/unsubstantiated prejudice when
79 Post contains links AverageUser : Klaus, it very much depends on what pillar the issue belongs to! Kindly see : http://www.eu2008.si/en/About_the_EU/Decision_Making/index.html And of
80 Alessandro : The question was if they could, yes they can, will they do it? I doubt it. Contrary to PRK the PRC isn´t an aggressive state military nowadays. PRC
81 Dougloid : Well, that's like asking if I could blow my brains out with a revolver this very minute. Yes, I could, because there happens to be a loaded pistol wi
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Miniskirts, Here To Stay? I Sure As Hell Hope So! posted Wed Apr 27 2005 09:29:06 by Zippyjet
Hillary To Be Picked As Kerry's Running Mate! posted Wed Jun 30 2004 17:42:19 by Jcs17
Iceland To Introduce The Euro As Legal Tender? posted Mon Nov 3 2008 08:09:19 by Slz396
US Federal Reserve Cuts Interest Rates Again To 3% posted Wed Jan 30 2008 11:17:33 by SINGAPORE_AIR
Rep. Dingell Wants To Tax Us Out Of Global Warming posted Thu Sep 27 2007 15:43:42 by RJdxer
Why Refer To God As "He"? posted Thu Jun 21 2007 16:14:04 by Zrs70