There are so many things that our ‘news media’ does not tell us.
The whole time they have been lying about the unemployment problem in America (greatly under-reporting the numbers), they have intentionally not told us about Europe.
Germany, the great powerhouse of Europe is hurting. And they are doing the best they have done in over a decade.
Think about that. They are doing better than we are.
But, they are really doing about the same as we are in the USA. But, they are the BEST LARGE economy in Europe.
The other economies doing well are all doing well because they are well run, small economies. And cultures.
Much like Texas carrying America, ok there are a couple of other states helping. But, much like Texas, the small economies in Europe are helping the big floundering economies survive.
The reason for the stock market problems the last two days were European contagion. Not because of the FED talking about changing future economic policy here.
Europe had some bad numbers come out this week during the European meetings.
And the problems in their economies cannot be fixed any time soon.
Their only hope is to print a lot of money, devalue their euro, cause massive inflation, and then pay off their crazy debts with worthless money.
And that is scaring America, and China.
Because America has already done as much of that as is possible. Without causing a massive inflationary bubble.
If Europe was to over inflate, I think it might help the USA. It would certainly be better than the USA going through hyper inflation.
Don’t you think?