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Bonjour wsc! Your understanding of the economics I can only describe as: not even wrong. No money printing is going on, governments do not buy, but emit (..sell
by polotics 9y ago
Bonjour wsc! Your understanding of the economics I can only describe as: not even wrong. No money printing is going on, governments do not buy, but emit (..sell) bonds. The real issues are competitivity differences between countries, aging populations in dire need.of immigration (say a half syrian like Steve Jobs) and some wildly inefficient top heavy administrations, also Target2 imbalances. Read up! Bonne chance en Thailande ;-)
- wsc981 9y agoBut the ECB is printing money, see: http://www.independent.co.uk/news/business/Leading_business_story/the-one-chart-that-shows-the-ecbs-money-printing-scheme-is-failing-a6984181.html http://www.independent.co.uk/news/business/Leading_business_... And yes, technically countries are not buying bonds, but selling bonds to the ECB. But the ECB is acting on behalf of the countries. Finally, I expect most immigrants that have a proper education & perhaps money would prefer to e.g. the USA. Increasing immigration as a solution to an aging population is also something that, in the long run, is not sustainable (for many reasons, including ecological). It's time with think of other solutions and perhaps Japan will be able to lead the way in this area, in the future.
- polotics 9y agoWow I disagree with every single thing you wrote. Sorry would take too long to discuss