[MD] economics-platt

[Platt Holden]

On Fri, Jun 4, 2010 at 5:57 PM, Fam. Kintziger-Karaca <
kintziger_karaca at hotmail.com> wrote:

> Hi Platt
> With so many of the electorate now feeding at the government trough, it's
> doubtful if America's headlong rush to be like Europe can be averted. And,
> the
> economic problems of Europe will soon become multiplied tenfold in the U.S.
> Western civilization will gradually wither away to be replaced by the
> growing
> Asian giants. As we speak, China can plunge America into the abyss by
> demanding
> payment of U.S. debt.
>
> China can plunge.....
> its a pattern that is very well known here , it happens in Europe all the
> time
> France can plunge Portugal, Belgium can plunce Holland, Germany can plunge
> greece....etc
>
> I'm not very sure of what i'm reading about the American perception towards
> Europe's
> economical problems, is the perception in the US that our problems are , in
> fact bigger than the
> US -economical problems?
> The perception here is that America is in bigger trouble--
>
> Hi Adrie,

I think the perception there is correct, although both Europe and the U.S.
are headed down the road to ruin.



> I think (personally) that the dicision to stay militarised after WW2, is
> showing the paycheck now..
> Europe invested in healthcare what America invested in military assets.
> Healthcare is the golden egg here.
>

Yes, U.S. bailed out Europe from the devastation of WWII and then provided a
military umbrella against the communist threat, allowing Europeans to create
their cradle-to-grave welfare culture. Now the chickens are coming home to
roost on both continents.

Regards,
Platt



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