Quote:
Originally posted by SirMoby
China and Japan own about 40% of the current US debt with a large portion controlled by their central banks. Indian owns more and more of our data infrastructure. Japan makes many of the needed parts in guidance systems so we can't fight a war without them any more.
If we're not careful it won't take a bunch of countries to destroy our economy. Of course our politicians say they won't because we're helping build thier economies but as the Euro grows stronger then automataclly Europe becomes a better trade partner. Today we consider these countries friends but yesterday was different and tomorrow may be different again.
I think the EU may need to drop the value of the Euro a bit in order to increase thier exports but that's going to take a lot of effort. The world just doesn't have confidence in our current economic plans.
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yep alot of people and companies in europe thinks the same only the eu top itselfs thinks not, they said themselfs....the strong euro stops the grow of the european economy....some countries think even that getting their old valuta back is better....for real i think the same, because all went bad the time we have got the euro