Comments on: Obama’s DOOM #EERS

By: Dave_A

Dave_A — Mon, 04 Jun 2012 05:45:18 +0000

Because that’s what always happens when you peg a currency to an inflexibly valued item…

Leaving the Euro but keeping a Euro peg makes things even worse than staying in the Euro, by being still married to Germanic monetary policy but having no ‘skin in the game’ as far as the value of the Euro is concerned – and thus providing absolutely no incentive for their needs to be considered when the value of the Euro is being determined…

The absolute worst situation an economy can be in, is to have the value of it’s money married to a commodity that is outside the control of said economy’s internal markets…

Be that Euros, Dollars, or Gold. The result, in every case, is either fatal deflation, or equally fatal repeated legislative currency devaluation….

By: demsaresatanic

demsaresatanic — Mon, 04 Jun 2012 04:00:52 +0000

is an odd prediction. How do you arrive at that conclusion?

By: publious

publious — Mon, 04 Jun 2012 02:49:48 +0000

I'm sure most of those kids voted for Obama 4 years ago. Best viewed on You Tube Full Screen...

By: lineholder

lineholder — Mon, 04 Jun 2012 01:11:09 +0000

It isn’t that difficult to sort the MPI on the basis of ICD-9 codes (this is usually what is used to set up a disease index for morbidity calculations) Just sort numerically, isolate the codes pertaining to death, and you get a list of people who have died.

By: lineholder

lineholder — Mon, 04 Jun 2012 01:00:56 +0000

With all the talk about what’s going on in FL with the DOJ…there may be another approach that can be taken on this where dead voters are concerned.

ICD-9-CM coding terminology includes specific codes that signify death of a patient. Most health care orgs keep this data in aggregated files (for calculation of mortality rate purposes) Third-party payers usually get this information as well. I don’t know what the legalities of it might be in obtaining access to this data, but it is possible that it could be used for voter registration verification purposes.

By: Tbone

Tbone — Mon, 04 Jun 2012 00:59:42 +0000

Minor in pool.

By: lineholder

lineholder — Mon, 04 Jun 2012 00:34:51 +0000

From what I can tell, they need Germany to be included in the ECB for stability as much as for revenue reasons. Without Germany, how well would the Eurozone survive? Which explains why they’re putting so much pressure on Germany, regardless of the legal limitations

So, the debt within the Eurozone would become accumulative, just like it is in the states…each state may have its debts, but it is all accumulated into the gross debt of U.S.

Debt per population for a nation like Germany would probably see an increase in comparison to what it is now. Tax rates would have to be restructured. The nations each lose a fair amount of autonomy in decision making on financial matters.

Ironic…I bet Germany is looking at states like CA and MI, comparing it to Greece, Italy, Spain, etc., and saying “we don’t want to be like the US” at the same time we’re looking at Europe and saying “we don’t want to go the way of Greece”

By: aesthete

aesthete — Mon, 04 Jun 2012 00:15:56 +0000

there’s not really much point to the Eurozone, I would think.

By: Neil Stevens

Neil Stevens — Sun, 03 Jun 2012 23:58:35 +0000

If Germany exited EMU and revived the Mark, then that would remove the greatest obstacle to the ECB becoming more like the Fed.

By: lineholder

lineholder — Sun, 03 Jun 2012 23:55:52 +0000

You say they probably still have options where inflation is concerned.

Germany has legal restraints that won’t allow them to participate in a centralized banking system.

If Germany extracts itself from the EU…does it still have those options?

By: Neil Stevens

Neil Stevens — Sun, 03 Jun 2012 23:44:03 +0000

I think they probably could get away with a lot more than the Germans are comfortable with, and still keep inflation in check.

By: lineholder

lineholder — Sun, 03 Jun 2012 23:42:42 +0000

That’s a societal influence that I wasn’t aware of. Makes sense, all things considered.

What kind of inflation could the Euro be looking at if the situation doesn’t improve soon?

By: Neil Stevens

Neil Stevens — Sun, 03 Jun 2012 23:40:14 +0000

The Germans think inflation played a major role in the rise of the Nazis. So they fear inflation deeply.

By: lineholder

lineholder — Sun, 03 Jun 2012 23:35:56 +0000

Seriously thought, aesthete, if Germany has legal limitations included in their Constitution that do not allow them to go along with this idea of a centralized banking system in the EU….

Then wouldn’t it be better for them to just withdraw altogether? Or is that even an option?

By: aesthete

aesthete — Sun, 03 Jun 2012 23:32:35 +0000

Some countries (particularly the Nordic countries and the Low Countries) have more or less stuck to the terms of agreement despite no legal requirements in their laws… it’s mostly southern Europe + Ireland which are presenting problems vis a vis sovereign debt.

By: lineholder

lineholder — Sun, 03 Jun 2012 23:29:43 +0000

Thank you…and I can’t say all the time because you might let it go to your head or something.

By: aesthete

aesthete — Sun, 03 Jun 2012 23:28:10 +0000

I guess that’s true, but when you’re talking about >100% inflation a month (in the good months!), any sane form of monetary policy (to include dollarization) is going to involve lots of pain and lots of deflation.

I will agree with you that Germanic monetary policy is a good deal more inflexible than our own, but I wouldn’t call that a bad thing, per se — just in the context of the Euro crisis.

By: lineholder

lineholder — Sun, 03 Jun 2012 23:26:10 +0000

that they hold to what aesthete has mentioned below, and because of the specifics in the post-war agreement with Germany, the nation has held to it whereas other nations had no such legal obligations.

Am I getting that part of it right?

By: Neil Stevens

Neil Stevens — Sun, 03 Jun 2012 23:24:54 +0000

By: lineholder

lineholder — Sun, 03 Jun 2012 23:23:56 +0000

Making it more complicated than it needed to be, I think.

Thanks.