I see an economic diasater coming...

[triffid]

Austerity measures across Europe currently total about 450 billion euros ($600 billion) as the 27 members of the European Union devote their time and energy to combating the sovereign debt crisis. However, as austerity shuts down growth it has been exacerbating the situation, leading to rising job losses and decreased consumption by consumers tightening their belts; that in turn takes its own toll on businesses forced to cut back.
Authorities, said Stiglitz, could ignore austerity if it were only Greece imposing such policies on its people. He added, “but if you have U.K., France, you know, all the countries having austerity, it’s like a joint austerity and the economic consequences of that are going to be dire.”
Despite the fact that euro zone leaders “realized that austerity itself won’t work and that we need growth,” Stiglitz said, they have taken no action to change the situation, and “what they agreed to do last December is a recipe to ensure that [the euro] dies.” He went on to say, “The problem is that with the euro, you’ve separated out the government from the central bank and the printing presses and you’ve created a big problem,” adding, “austerity combined with the constraints of the euro are a lethal combination.”

[triffid]

It should scare us all that our leaders are not focused on job creation.If you have a job,you can eat and your kids can eat at your table.Not off of the garbage of others.Your kids are unique,one of a kind in all of human creation.No one else will ever have your kids.When I hear that Spain has 50% unemployment for its youth 25 and under.I know that their young people cannot plan to have families and to be able to support them.

[triffid]

Despite the fact that euro zone leaders “realized that austerity itself won’t work and that we need growth,” Stiglitz said, they have taken no action to change the situation, and “what they agreed to do last December is a recipe to ensure that [the euro] dies.” He went on to say, “The problem is that with the euro, you’ve separated out the government from the central bank and the printing presses and you’ve created a big problem,” adding, “austerity combined with the constraints of the euro are a lethal combination.”
If you read the above very carefully it is designed to fail.Since the individual nations of the eu cannot print their own money.They are in a similar situation as the individual states of the USA.The states cannot print their own money either.


If your mom told you to sit and wait until she gets back and parks you on the railroad tracks.Wouldnt you be worried?


Theres a mighty big train coming soon in europe!triffid

[triffid]

Austerity measures should include the government leaders who lay down those rules.Not just the little guy,the common man.Economics has seen a lot of bumps in the road in the last four thousand years.If you watched"The Ascent of Money" which I posted a link to.It states in the first 20 minutes that it(money) started about 4000 years ago.The first coins were clay tablets promising to the bearer a certain measure of grain(which you could eat unlike our gold today which you cannot eat).So the first money was backed by grain.Something we might want to go back to?triffid

[triffid]

Fake silver bars selling on ebay.Beware!The acid used for the test is nitric acid.The bars are underweight about 28 grams made from brass coated with a thin layer of silver. Weight of one troy ounce is 31.125 grams.
http://www.youtube.com/watch?v=QI5PWVGuHKo&feature=b-vrec