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Old 11-01-2013, 09:07 PM
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bobabode bobabode is offline
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"Germany’s austerity program is hurting Germany, too"

http://www.washingtonpost.com/opinio...y.html?hpid=z4

Wondring how accurate this article is? Hoping to get our one resident Deutchlander's take on this subject. HK, wo bist du?
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Old 11-01-2013, 10:29 PM
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Dondilion Dondilion is offline
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Everyone wants the Germans to be as foolish as the Greeks.
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Old 11-02-2013, 07:36 AM
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merrylander merrylander is offline
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I knew this would happen, Germany's economy was pretty much exxport based, well all those other countries went broke buying Mercedes and BMWs and other German stuff. Once austerity was imposed on them by Angie the export market dried up.

Not much different than the dimwits here cutting workers salaries and jobs, In an economy that is 70% consumer driven of course beggaring the consumer is a great idea - NOT!
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Old 11-02-2013, 09:16 AM
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Fortunately for us, quantitative easing has brought the consumer back into the marketplace.

1st dollar.png

Chas
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Old 11-03-2013, 12:25 PM
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Maybe it has but 0% interest rates are sure hurting senior citizens, the only ones benefitting are banks and money managers.
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Old 11-03-2013, 06:15 PM
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Quote:
Originally Posted by merrylander View Post
Maybe it has but 0% interest rates are sure hurting senior citizens, the only ones benefitting are banks and money managers.
It's not 0%. I just checked on a CD I thought was rolling over and found out I was getting .55%. Thank God inflation is under control...otherwise I'd be losing my ass.

At least all of this deficit spending is managing to continue to inflate the stock market bubble. Happy days are here again, huh?

Was it Henry Ford who said that if people actually understood how money worked, there would be a revolution by morning?

Chas
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Old 11-03-2013, 06:28 PM
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mpholland mpholland is offline
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Kind of hard to understand how money really works when you ain't got none!
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Old 11-04-2013, 07:01 AM
Charles Charles is offline
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Originally Posted by mpholland View Post
Kind of hard to understand how money really works when you ain't got none!
That's how money works.

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