Germany slams 'stupid' US plans to boost EU rescue fund

Germany slams 'stupid' US plans to boost EU rescue fund

www.telegraph.co.uk

Germany and America were on a collision course on Tuesday night over the handling of Europe's debt crisis after Berlin savaged plans to boost the EU rescue fund as a "stupid idea" and told the White House to sort out its own mess before giving gratuitous advice to others.

(visit the link for the full news article)

I think that most investors are stupid or something ... and they think that money grows on trees and "money makes money" .. but as we all can see ... money is printed as debt and in current system money makes debt not more money ..... most "money makes money" systems where is no work involved and no energy spent are Zero-sum systems and only Banks/Brokers make money using spreads/comissions ... remaining systems are debt collectors

www.telegraph.co.uk (visit the link for the full news article)

reply to post by greenCo


A broke individual giving another broke individual financial advice...That's hilarious.

The question one should be asking the other is obvious.

I would tend to agree with Germany.

The US needs to get it's own financial house in order before it gives advice to others.

The US is not in any position to offer advice based on the financial health of the US.

We are just trying to get the EU in more debt to us than it already is.

People talk about us owing China $1 trillion, well the world owes the US around $15 trillion as of this month, including current EU debts. We would like to get that number higher. The world owes us far more than we owe it (almost 4x more) and we want to keep it that way.

reply to post by Wildbob77


You got that right! Our illustrious leader is so brain dead it's a wonder more countries aren't telling him where to stick it!

Originally posted by Wildbob77
I would tend to agree with Germany.

The US needs to get it's own financial house in order before it gives advice to others.

The US is not in any position to offer advice based on the financial health of the US.

Well, yes, it is....
The euro is definitely on the way out and the EU itself is gonna not be such a cozy little association anymore. Who likes cleaning up somebodyelse's mess? It was a stupid plan itself, if you want to throw that term around.

The Germans should have known better (unless they thought they had a shot to become the actua. driving force of the EU. A far nicer plan that another blitzrig, right?)

The Western power countries are not going to flock to the Chinese, and they will reluctantly perhaps turn to the dollar to save their asses. Admittedly, the dollar ain't that strong, but given the situation, what can they do?

It's not real money. It's simply ones and zeros in some international data bank, backed by nothing.

A few key strokes and it's "all good"

I'm quite astounded that the states needs to interfere with other countries affairs. especially with the crisis thats unfolded. Let`s not claim to have learnt from our mistakes, or try to remain power because we have this experience under our belt. Which in time won't matter after the bored politicians can't feed themselves, through our money WE created, and through OUR under payed labour.

reply to post by greenCo


Interesting but you should not bite the hand that feeds you, actually it if wasn't for the generosity of the US tax payer with the corrupted Federal Reserve through the IMF the EU will be bankrupted already along with the US.

US fed has swap trillions already trying to boost both economies, US tax payer has been used to boost the EU back in 2008, then in 2010 and very soon will do it again.

Why? because the precarious situation that the EU is right not is the direct effect of the corruption that US started with the mortgage business that spread all over the globe including China.

The only reason Germany is so mad about US intervention is that they can not stop them as US is the biggest funder of the IMF and even when US is not a member of the EU is have Veto power.

How about that.

reply to post by whaaa


Nothing but gambling money that is what economies means to the fat rats in charge of the global economies.

reply to post by whaaa


You are wrong. There are real people who own various goverment bonds around the world. Many hedge funds, mutual funds or individuals invest this way. How would you like to have your personal savings zeroed?
;

The USA gave 43 EU banks bailout funds from the $700 billion TARP (courtesy of W).

U.S. Bailout Funds Saved European Banks -- Without Much Transatlantic Reciprocity

If they don't like getting advice from the US on getting their own rescue fund in shape, then they can go stick it. Just give us back all those billions we gave their banks, and we'll go our separate ways.

This is just more proof why that bank bailout was a bad idea all around. The only country that got it right was Iceland, let the corrupt banks collapse, it's cheaper to pick up the pieces than to try and save the plutocrats and aristocracy their skin.