Are we seeing the beginning of the END of the EURO??

[GeoFisher]

The Fed and Central banks of Europe that the Good ole United States of America is a better bet than the EURO. The agree to allow the FED to dump trillions of dollars into the European Banks.

Short Term........Quick bumps in the markets worldwide......GREAT for Everyone.
Medium Term - 6-12 months. Inflation. BIG Time Inflation. Gas, Food, Commodity items...........Bad for Everyone.
Long Term 1-3 years........Positive outlook for the United States.

I say positive because I think it guarantees the Euro becomes "less" critical in world markets, ENSURING the dominance of the American Greenback. I'm not too sure that was the case 1-2 years ago.

Also Positive because I still think we're the most dominant economy in the world, and once things start working better, the US is poised to make some big moves.

I read an interesting article about companies moving back from China and that in order to be "successful" with the migration they need to start moving in the next 12-18 months. They KEY factor in the jobs moving back is that industrialized China ( less than 5%) as a whole is experiencing hyper inflation, and the cost of goods is outpacing wages, DRIVING up wages. The average increase in China has been 50% over the past 3-4 years, and will raise an estimated 100% over the next 3-4 years.

To successfully move manufacturing back and retool they need to do it before China's WAGE bubble..........

http://chicago.cbslocal.com/2011/11/...ck-to-the-u-s/

That link is not the article I read..........it states that wages in China rose 50% this year alone.......

Things "might" be looking up in the future..........I HOPE SO.

Later,

Geo

[RoadToad]

That part of the picture looks good, but as for Europe, there's still a whole lot of uncertainty there, that will have effects over here. A lot of "if's" still out there...

[GeoFisher]

That part of the picture looks good, but as for Europe, there's still a whole lot of uncertainty there, that will have effects over here. A lot of "if's" still out there...

Definitely LOTS of uncertainty. This might be a good time to get on some precious metals.......

Gold is overpriced, and bound to collapse........Maybe..........Silver is my bet.

Later,

Geo

[Chubminnow]

Is this where the world begins using one currency? Or am I way off track in this thinking?

[Big Gills]

PM Harper refuses to give one cent to bail out yet another country or countries that show poor financial responsibility with their money. This has cost Canadians alot of job losses. We dont have the money and neither does the USA to go bailing out other countries. I mean you are going thru your own finanical problems and a recession now yourself and all your money should stay put. Is it just me or has common sense taken a back seat in the economy of the US and Europe?

[GeoFisher]

PM Harper refuses to give one cent to bail out yet another country or countries that show poor financial responsibility with their money. This has cost Canadians alot of job losses. We dont have the money and neither does the USA to go bailing out other countries. I mean you are going thru your own finanical problems and a recession now yourself and all your money should stay put. Is it just me or has common sense taken a back seat in the economy of the US and Europe?

I agree.....but a decade ago the world DECIDED that the WORLD wanted a WORLD economy. That has not worked out. Too many cheaters out there.

The serious players.......those that have stakes in every economy around the world, namely the UNITED STATES, must be proactive and make sure these don't fail and cause failure to the AMERICAN economy.

I'm really concerned about this bull, but I'm MORE concerned about an American meltdown, which would cause so much more crap worldwide than the itty bitty economies around the world that have been puking.

Our economic might is greater than the next 5 in line combined........

http://en.wikipedia.org/wiki/List_of..._%28nominal%29

So yea, the United States needs to do something or the ENTIRE WORLD economy might collapse.

Later,

Geo

[GeoFisher]

There are a lot of "interesting" articles about the Euro, the euro zones, and what it really means.

Lots of our European "allies" were and are secretly betting that the Euro could/would bring down the United States. Now we really see that the Euro is simply an artificially inflated wanna be currency. The GREENBACK rules the world, and WILL rule the WORLD.

Quite frankly, I'm glad the European Union is having to crawl back to Uncle Sam. These countries have not been able to stand their own.........by themselves for 100 years, what makes you think they could create an artificially managed economic instrument ( Euro), and be successful. NOTHING to back it.

This gives future American presidents serious.........very SERIOUS negotiating powers. Very similar to the way China has been able to "push" us around the last few years.

Finally, if China is such an economic power, WHY didn't the European Union and the Central banks go to China for this action. I tell you why, the Yuan is not worth CRAP.......

Later,

Geo

[waterdog101]

To successfully move manufacturing back and retool they need to do it before China's WAGE bubble..........

http://chicago.cbslocal.com/2011/11/...ck-to-the-u-s/

That link is not the article I read..........it states that wages in China rose 50% this year alone.......

Things "might" be looking up in the future..........I HOPE SO.

Later,

Geo

I read it somewhere that the factory workers pay in china, was 64 cents per hour. so the 50% increase means china workers will now be making 96 cents per hour. I know their every day supplies they use and buy, are much, much cheaper than ours. but I think it's time for china to let some of their wealth, trickle down. it sure sounds like china's 99% can sure use a pay raise.

[DJD]

I read it somewhere that the factory workers pay in china, was 64 cents per hour. so the 50% increase means china workers will now be making 96 cents per hour. I know their every day supplies they use and buy, are much, much cheaper than ours. but I think it's time for china to let some of their wealth, trickle down. it sure sounds like china's 99% can sure use a pay raise.

Sorry but I had to comment on this...You said "Trickle Down" and of course thats a bad word for most Liberal minded folks.

Also you mentioned 99% and that made me think of the bull dung going on here in the USA. I don't buy into the Occupy Wallstreet crowd because it's a hundred pronged attack on anyone who isn't in agreement of their opinions.

Maybe China is set up as 99% works for very little and the gubment controls the rest of the wealth?? It's not that way here...you have decisions here in the USA. Some make good, average and bad decisions and then expect the gubment to fix it if it doesn't seem fair.

[DJD]

Finally, if China is such an economic power, WHY didn't the European Union and the Central banks go to China for this action. I tell you why, the Yuan is not worth CRAP.......

Later,

Geo

I was wondering this exact thing. Also wondering what caused the collapse over there? I guess part of it was the USA recession? Was it their socialistic ways? More money given out to people than money coming in?

I remember someone posting on here how the USA should model itself after the Europeans since they were doing so well a few years ago. I called BS then and now here we are facing a decision on how to bailout countries with money we don't have??