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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (654303)	5/9/2012 6:53:50 PM
From: tejek	Read Replies (2) \| Respond to of 1578933

If Europe is in a severe recession, what does it matter? Think about it. Either way exports will suffer. Better to have a recovering Europe, then one that is going deeper and deeper into recession due to extreme austerity. There is no way around the recessionary pressures. Fundamentally, Europeans will have to wean themselves off of the government teat. Of course they don't for a whole host of reasons to which you clearly are oblivious. Massive deficit spending (a la Krugman) will only move the problem around. If most of that spending actually went toward production, such as infrastructure and industrial capital, it could work. Oh hell..........it will not be moved around. You all have so little of the necessary info but you continue to come to these profound and provocative conclusions that rarely are true. But let's not kid ourselves. Most of that spending would just go toward propping up government entitlement programs. The only endgame out of this is inflation, which is a hidden tax on wealth. Socialists will love this, and wealthy liberals like George Soros will make up for it by shorting currencies. The people who get screwed over will be the ones who worked hard for a living and saved up money the old fashioned way. Inflation is a long way down the road. Let's worry about it when we get close. You all come up with the same old boogie men to keep your ideology intact. We're onto you.