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Post by avordvet on Sept 8, 2012 7:10:05 GMT -5
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Post by Michael Downing on Sept 8, 2012 8:45:54 GMT -5
I have suspected that a collapse in Europe is not our biggest threat and that the unseen bubble about to burst in China will have a much greater effect on the economy world wide. How bad it is in China we may never know until it is too late because they are such a closed society. One threat is that if things get so bad that millions upon millions of people in China have no work and food shortages begin then war may be a solution that allows China to put its people to work and focus on things other than internal issues.
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Post by avordvet on Sept 8, 2012 8:47:44 GMT -5
I have suspected that a collapse in Europe is not our biggest threat and that the unseen bubble about to burst in China will have a much greater effect on the economy world wide. How bad it is in China we may never know until it is too late because they are such a closed society. One threat is that if things get so bad that millions upon millions of people in China have no work and food shortages begin then war may be a solution that allows China to put its people to work and focus on things other than internal issues. What have you been hearing from your Euro-Friends?
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Post by Michael Downing on Sept 8, 2012 9:12:37 GMT -5
Most of my contacts are in Germany and there is still a strong push to nationalize and begin to move away from the Euro. There is a public political face given of confidence and unity behind saving the union but in truth they are fed up with supporting the PIGS (Portugal, Italy, Greece and Spain). It is only the fear that letting those so called partner states collapse and deal with their own internal affairs will bring the rest of the nation states down but a growing number are realizing that they are only postponing the inevitable, Those people believe they would be better off to stop funding the rest and concentrate on what they can do for their own.
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