The Looming Economic Storm in Europe

[The Cyclist]

10 minutes ago, thecyclist said:

For your limited intellect, yeah. For  well read, more intelligent folks there is a lot more to say. 

 

Go on then.

 

Educate those of us that think ' Go woke, go broke ' is all wrong.

[candide]

8 hours ago, JonnyF said:

Protectionism, corruption, technocracy, over regulation and mass uncontrolled immigration was never going to end well for the EU.

 

Hopefully the EU collapses and the great nation states of Europe can become great again when free of the failing federalist project.

 

 

After Brexit, UK has always fared worse than the EU, and there is no obvious reason for this to change.

On top of it, in case of a crisis in the EU, UK would be similarly affected due to the importance of its trade with the EU.

https://commonslibrary.parliament.uk/research-briefings/sn02784/

[roquefort]

3 hours ago, mfd101 said:

But most of the US debt is owed to itself! so not too much to worry about.

 

The huge advantage of running the international monetary system.

Ah, the Magic Money Tree theory. Unfortunately it's not true.

 

Most US debt is owed to foreign or domestic lenders, including banks, mutual funds and pension funds. So assuming you want your pension to continue paying out in your retirement (not to mention social security, Medicare etc) it is a huge problem.

https://www.pgpf.org/article/the-federal-government-has-borrowed-trillions-but-who-owns-all-that-debt/

[roquefort]

3 hours ago, mfd101 said:

But most of the US debt is owed to itself! so not too much to worry about.

 

The huge advantage of running the international monetary system.

Ah, the Magic Money Tree theory. Unfortunately it's not true.

 

Most US debt is owed to foreign or domestic lenders, including banks, mutual funds and pension funds. So assuming you want your pension to continue paying out in your retirement (not to mention social security, Medicare etc) it is a huge problem.

https://www.pgpf.org/article/the-federal-government-has-borrowed-trillions-but-who-owns-all-that-debt/

[mrwebb8825]

I hear President Trump is looking for some new properties for the US. 😁

[Walker88]

4 hours ago, candide said:

After Brexit, UK has always fared worse than the EU, and there is no obvious reason for this to change.

On top of it, in case of a crisis in the EU, UK would be similarly affected due to the importance of its trade with the EU.

https://commonslibrary.parliament.uk/research-briefings/sn02784/

Just look at that Biden-Harris economic boom!

 

That's what's called "an inconvenient truth" to MAGAs.

 

Let's not forget Biden-Harris inherited a Recession and 6.8% unemployment from 45, the architect of real American Carnage.

[thaibeachlovers]

17 hours ago, roquefort said:

The annual interest on the US national debt is already higher than its military budget. By 2050 it will consume more than the entire US federal budget. It's a doom loop. 

Irrelevant IMO. Any society that is as divided as every western nation is, is doomed anyway. They'll just print more money till the inflation in the Weimar republic looks like nothing much.

Perhaps the good times went on too long and bred a soft and greedy society.

Last century they had 2 world wars and a depression to make them man up and get to work, but due to a combination of overpopulation, easy money, lazy work force, rising unemployment, feral youth, a school system that does not educate children for work, an out of control social media and news media that regurgitates propaganda instead of news, people that think they are entitled to everything without any responsibility on their part, selfish greedy people throughout society, belief in nonsense cults eg more than 2 genders, and giving all the money to wars, not to get into the woke nonsense that infects the elites of society, western society is rotten to the core and will fall to the invaders that western nations have been inviting in for decades.

 

The only question I have is if the new Dark Ages will last longer than version 1?

[phetphet]

On 1/6/2025 at 12:59 PM, mokwit said:

The Kinnocks did very well out of the EU.

They made it a family trough. Wasn't the wife caught signing in to get the attendance payments, then departing?