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Forums - Politics - Exit polls show dual setback for Austerity: France and Greece

Blacksaber said:
SamuelRSmith said:

I'd vote "hold" on Euros... they make for some classy toilet paper. Also, they burn quite nicely - great for those harsh winter conditions.


They also make a nice paper fort to play in with the kids.


Which would be just as stable as the house that the currency built around the Eurozone.

---

Anyways, holding any currency at this point is a pretty dangerous game. If you're fortunate enough to be in a position to do so, buy into precious metals and mining stocks, they're the only things that will continue to hold value throughout this turmoil (PMs moreso than mining stocks). This is actually essentially all that Ron Paul owns... and his returns have outperformed the "Oracle of Omoha" Warren Buffet, and has had returns of around 22-23% a year... compared to the S&P average of ~3%



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Politics of Austerity is bringing economy down. What needed is balance, but over the course of the last 10-15 years the austerity was given highest priority without any sense to it. That has led to more poor people, poor people spend less, that's why economy is going down and tax-backflow is reducing. That leads to more governmental debts, that lead to a stronger austerity-course, that leads to more hurts for the economy ... until crisis right now.

It's good austerity get's kicked to be replaced by a more balanced politics.



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Mnementh said:
Politics of Austerity is bringing economy down. What needed is balance, but over the course of the last 10-15 years the austerity was given highest priority without any sense to it. That has led to more poor people, poor people spend less, that's why economy is going down and tax-backflow is reducing. That leads to more governmental debts, that lead to a stronger austerity-course, that leads to more hurts for the economy ... until crisis right now.

It's good austerity get's kicked to be replaced by a more balanced politics.


Err... what?

I'm hoping you meant months.



why to go france you elected a communist



The current financial situation in Europe has little to do with the real ideas behind politics. So i don't think this will affect much.
A suit in power is still a suit.



In the wilderness we go alone with our new knowledge and strength.

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SamuelRSmith said:
Mnementh said:
Politics of Austerity is bringing economy down. What needed is balance, but over the course of the last 10-15 years the austerity was given highest priority without any sense to it. That has led to more poor people, poor people spend less, that's why economy is going down and tax-backflow is reducing. That leads to more governmental debts, that lead to a stronger austerity-course, that leads to more hurts for the economy ... until crisis right now.

It's good austerity get's kicked to be replaced by a more balanced politics.


Err... what?

I'm hoping you meant months.

No. 1998 became here in Germany Schröder the new chancellor. In his government formed by social democrats and green party he  created 'Hartz IV'-laws, that changed the job-market. It should reduce governmental payings for unemployed people and reduce unemployment. Unemployment wasn't too much impacted, but following this laws the salary for jobs were reducing (as the pressure was increased to work for lower payment) and therefore the tax-returns were hurt. Other laws did point in the same direction. Since then, we always have laws trying to reduce governmental payments a save money, but it leads to hurt economics.



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killerzX said:
why to go france you elected a communist


France has communists. But Hollande isn't one. He is social-democrat, so neither left-wing or right-wing.



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Mnementh said:
SamuelRSmith said:
Mnementh said:
Politics of Austerity is bringing economy down. What needed is balance, but over the course of the last 10-15 years the austerity was given highest priority without any sense to it. That has led to more poor people, poor people spend less, that's why economy is going down and tax-backflow is reducing. That leads to more governmental debts, that lead to a stronger austerity-course, that leads to more hurts for the economy ... until crisis right now.

It's good austerity get's kicked to be replaced by a more balanced politics.


Err... what?

I'm hoping you meant months.

No. 1998 became here in Germany Schröder the new chancellor. In his government formed by social democrats and green party he  created 'Hartz IV'-laws, that changed the job-market. It should reduce governmental payings for unemployed people and reduce unemployment. Unemployment wasn't too much impacted, but following this laws the salary for jobs were reducing (as the pressure was increased to work for lower payment) and therefore the tax-returns were hurt. Other laws did point in the same direction. Since then, we always have laws trying to reduce governmental payments a save money, but it leads to hurt economics.

Oh, you mean just in Germany. The best performing country of the Eurozone.



SamuelRSmith said:

Oh, you mean just in Germany. The best performing country of the Eurozone.


The other countries in europe mostly did go similar directions. Look Great Britain or Iceland for instance. It did go extremely bad for Iceland. And germany is only performing somewhat good, because is exports more than it imports. But that cannot be sustainable, as the money won in that way has to be reinvested, further helping to build bubbles. As these bubbles burst the accumulated money is lost and germany is left with - less than before.



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Mnementh said:

SamuelRSmith said:

Oh, you mean just in Germany. The best performing country of the Eurozone.


The other countries in europe mostly did go similar directions. Look Great Britain or Iceland for instance. It did go extremely bad for Iceland. And germany is only performing somewhat good, because is exports more than it imports. But that cannot be sustainable, as the money won in that way has to be reinvested, further helping to build bubbles. As these bubbles burst the accumulated money is lost and germany is left with - less than before.


I don't know about Iceland. Britain hasn't implemented any austerity programs, yet. The past decade has been of vast Government growth, not the other way around. The current Government gives off the rhetoric about austerity measures, but spending has increased YoY since they got into power.