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**doolarsva** · 07-13-2012, 05:23 PM

The tumble initiated by the colapse of the American dollar and banking - that they exported around the world with their toxic loans?

Going to bed, but real quick. The US pumped ~2 trillion into the world economy through AIG and other means. The Euro problem is because Greece, Italy, Spain, and Portugal borrowed money effectively against germany's credit that they could not afford. Unlike the US, Europe decided not to counter it 2 years ago when they should have, and now it is the slow drums of death for the Euro. This is a European problem caused solely by Euro's not telling the truth to each other and adding people to the Euro that never should have been, and not having the strong central controls necessary. It was doomed the day it began.

07-13-2012, 05:23 PM	#35
doolarsva Join Date Oct 2005 Posts 498 Senior Member	The tumble initiated by the colapse of the American dollar and banking - that they exported around the world with their toxic loans? Going to bed, but real quick. The US pumped ~2 trillion into the world economy through AIG and other means. The Euro problem is because Greece, Italy, Spain, and Portugal borrowed money effectively against germany's credit that they could not afford. Unlike the US, Europe decided not to counter it 2 years ago when they should have, and now it is the slow drums of death for the Euro. This is a European problem caused solely by Euro's not telling the truth to each other and adding people to the Euro that never should have been, and not having the strong central controls necessary. It was doomed the day it began.
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