Take Reading 101, then come back.
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A message to the world.
- Thread starter short&naked
- Start date
Take Reading 101, then come back.
Iââ¬â¢m not blaming America, but it is comprehensible what happens. Remember that most of the worldââ¬â¢s economies are attached to USAââ¬â¢s, so if USAââ¬â¢s goes down it is most likely for them to be affected as a consequence.
Quote from short&naked:
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?
Unfortunately, in this case, the US Investment banks, the US bond rating agencies, the US mortgage industry, the US insurance industry, the US Central Bank, and the US government are directly responsible. You are telling me that if some highly skilled and very believable fraudster is able to rip me off that it is my fault. I don't buy it.
Quote from piezoe:
Unfortunately, in this case, the US Investment banks, the US bond rating agencies, the US mortgage industry, the US insurance industry, the US Central Bank, and the US government are directly responsible. You are telling me that if some highly skilled and very believable fraudster is able to rip me off that it is my fault. I don't buy it.
actually.. I think it 'is' your fault
your situation is entirely what 'you' make of it
thats what America is really about
thinking for yourself and controlling your own destiny
Quote from mgabriel01:
actually.. I think it 'is' your fault
your situation is entirely what 'you' make of it
thats what America is really about
thinking for yourself and controlling your own destiny
Not sure what libertarian utopia you have the US confused with but believe it or not fraud is still prosecuted here!
Quote from piezoe:
Unfortunately, in this case, the US Investment banks, the US bond rating agencies, the US mortgage industry, the US insurance industry, the US Central Bank, and the US government are directly responsible. You are telling me that if some highly skilled and very believable fraudster is able to rip me off that it is my fault. I don't buy it.
If a drug dealer offers you coke, do you take it?
We are not just talking U.S. Investment banks. Let's start with Ireland, were the toxic debt made its way into the rest of Europe through Dublin. Why? Because Irish regulation is much less strict than German regulation. Also, IKB and others knew exactly what they was getting into. The cause? Greed.
Spoken like someone who's never stepped out of US border. Have you ever been overseas? Many places put US to shame.
Quote from bpcnabe:
Yes, and we here in the US would prefer that you all stay there and stop rushing our borders for the jobs and inevitable free health care we are forced to provide for you and your family.