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 Krugman Is Worried About EuropePosted on Mar 16, 2009
The American economy is certainly a cause for concern at the moment, but Paul Krugman is more troubled by issues abroad, declaring in his New York Times column on Monday that “the situation in Europe worries me even more than the situation in America.” Uh-oh.
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By Jason!!, March 17, 2009 at 6:23 pm Link to this comment
Oh and if it was just my “opinion”. Look at what is happening over there.
Russia (and others) are looking to implement a new currency based on a new monetary system. They are calling it a “world currency”. Krugman supports this bs. Whoever controls the banks controls the world.
They have their strategic game on and we are pussy footing around trying to manipulate the American people into believing the crap they are doing. Wake up.
Epic fail.
Report thisBy Jason!!, March 17, 2009 at 6:17 pm Link to this comment
Aegrus,
Not so.
Derivatives are a byproduct of the current monetary system. Its flawed as the markets have just shown. There are many symptoms ppl try to point to but it’s the core that is sick. All obama is doing is prolonging the inevitable. Sectors need to fail in order to get the loss of the books if you will and the core needs to change.
They want to keep the system the same. Why would you want to keep a system when markets are based on debt?
The deck is stacked against the consumer unless you’re in the top 1% income bracket.
Your getting screwed by this system and now you’re paying to save it and protect their wealth.
And you dont even realize it. *sigh
Report thisBy tropicgirl, March 17, 2009 at 12:13 pm Link to this comment
Oh Krugman, You SHOULD be very, very worried about Europe. Because of you and your kind suckering Europe into your New World Order and humanity-killing trade agreements. Your fantasy “world-rearranging” desires will undoubtedly crash and the people of Europe will go back to using their better judgment—a REASONABLE, self-sufficiency, protectionist, and socially conscious ideal. You and your bankers are a sick, sick, influence and the whole world knows it now.
Good luck with your new world plans. Hope you like solitude.
Do you even listen to yourself?
“Guaranteed health insurance and generous unemployment benefits ensure that, at least so far, there isn’t as much sheer human suffering in Europe as there is in America. And these programs will also help sustain spending in the slump…”
We in America all thank you, and yours, for the “sheer human suffering”, you sick, twisted man.
Report thisBy Aegrus, March 17, 2009 at 10:50 am Link to this comment
Jason, have you any idea how far reaching the derivative market is? You’re right on a moral ground, but have presented another narrow argument based on opinion rather than general knowledge.
It’s wrong to call this capitalism too. This is fascism in the making. The only reason the banks and lenders are being fed money is because Obama is trying everything he can to find a way to deal with this crises without letting them fail. Why shouldn’t we let them fail? If the banks and lending institutions go bankrupt, the swine who trade derivatives win and all our capital evaporates overnight.
Report thisBy Jason!!, March 17, 2009 at 9:31 am Link to this comment
PaulRever,
That is a big line of crap. #fail!
EU dumped significant sums of money into our market hoping to turn a buck. They made a bad investment plain and simple.
Should I pay for your bad decision? No.
Should I pay for the bank bailout? No.
Stop looking to blame someone and look in the mirror. Frankly, I could give a shit if EU lost money.
It’s not too big to fail end everyone should stop the fear mongering. It needs to be rebuilt. Period.
Report thisIf we do not move from the fractional monetary system we will continue to operate with monopoly money. The people are the losers under this system but the elite’s behind the democratic / repub party will not tell you that. You need to wake up and get a grip on what is really going on and stop relying on those who messed it up in the first place.
By PaulRevere, March 17, 2009 at 5:38 am Link to this comment
(Unregistered commenter)
This crisis is completely American made, and then american banksters managed to infect and involve Europe in their scams…
and now Europe is to pay for it?
America must pay.
The present capitalist system is destroyed, the dollar is in reality worthless, the dow =0… except for manipulation on collossal scale to rig “free markets” (by obama also… what “change”?), this won’t last, the harder will be the fall.
America destroyed the world economy. It is high time the worlds destroys america the warmongering bankster scammer once and for all.
Enough!
Report thisBy Shift, March 16, 2009 at 9:09 pm Link to this comment
I am against saving the Corporate oligarchs. Instead the focus needs to be primarily at the bottom. This article does a reasonably good job of explaining why the government actions at the top are unlikely to succeed. Worth a read !
http://www.truthout.org/031609A
Report thisBy P. T., March 16, 2009 at 6:52 pm Link to this comment
European central bankers (that means especially the Germans since they’re the ones with the money) believe that a loose monetary policy strengthens unions and the welfare state.
Report thisBy coloradokarl, March 16, 2009 at 5:39 pm Link to this comment
I enjoy Paul Krugman,I truly do, But he is NOT the tell all end all in high finance. This economy is turning as we speak and the S.B.A. money will do more than all the tarp and stimulus moneys combined. Europe is getting everything they deserve and I think it’s justice for their ill-fated foray into Globalization. The hidden hand is getting swatted.
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