Stop blaming America for this mess and take some fucking responsibility!
1. Nobody forced IKB Germany to disregard all risk management and force toxic debt onto it's balance sheets. This goes for many other non-US banks.
2. Europe had a housing bubble that was worse than the one in the U.S. I'm not just talking Ireland and Spain. There are houses in Bavaria not even going for 10,000 EUR.
2. The level of schadenfreude felt by the world against the U.S. when the decoupling theory was being propagared was at extreme levels. Getting cocky always gets you into trouble.
3. Remember when the USD was to be replaced by 'quality' currencies like the RUB, NZD, MXN? This was a lie/bubble. The USD is coming back with a vengance.
4. While EU politicians were bitching, Bernanke cut rates to almost nothing, preparing for the deflationary shit storm that was about the come. He knew exactly what he was doing and played a beautiful game of chess, fooling even top hedge fund managers.
Anti-Americanism is reaching extremes. When there is a problem in the world, blame the U.S., right?
The U.S. mint has been around since 1792. At that time Europe was in a mess. Who is really the new kid on the block when it comes to this economic game/war?
1. Nobody forced IKB Germany to disregard all risk management and force toxic debt onto it's balance sheets. This goes for many other non-US banks.
2. Europe had a housing bubble that was worse than the one in the U.S. I'm not just talking Ireland and Spain. There are houses in Bavaria not even going for 10,000 EUR.
2. The level of schadenfreude felt by the world against the U.S. when the decoupling theory was being propagared was at extreme levels. Getting cocky always gets you into trouble.
3. Remember when the USD was to be replaced by 'quality' currencies like the RUB, NZD, MXN? This was a lie/bubble. The USD is coming back with a vengance.
4. While EU politicians were bitching, Bernanke cut rates to almost nothing, preparing for the deflationary shit storm that was about the come. He knew exactly what he was doing and played a beautiful game of chess, fooling even top hedge fund managers.
Anti-Americanism is reaching extremes. When there is a problem in the world, blame the U.S., right?
The U.S. mint has been around since 1792. At that time Europe was in a mess. Who is really the new kid on the block when it comes to this economic game/war?
