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Thread Statistics | Show CCP posts - 1 post(s) |
Shevar
Minmatar
A.W.M
Ka-Tet
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Posted - 2008.01.23 08:32:00 -
[1]
 Originally by: Hiryu Jin
There can never be a "fair" price when it comes to money. Especially when you have to consider a gloabl market. When the EU can take over the rest of the world and standardize money, then you guys can ask for 'fair' pricing.
As for the US economy collapsing... It might, but I don't see how anyone in the world would benefit from it (Other than those evil hedge funds managers).
On a somewhat different note, I found it hilarious that Hugo Chavez (President, soon-to-be Dictator of Venezuela), threatened to cut off oil exports to the US. 90 or 95% of your exports are low-grade crude to the US. Have fun getting re-elected/not lynched when your country goes bankrupt.
Long term it would benefit Europe if the american markets really crash.
The main issue with the american economy has far more debts then for example the European economy (if you include personal loans and such). The result of this is that the US basicly consumes far more then it economically should. Hence if the Americans stop consuming more consumption goods will be available for Europe and upcoming markets like India and China.
But yes short term (1 to 10 years) a crash of the american economy would be rather, err, catastrophic for every economy in the world. This is also true if either China or Europe would crash though, but quite frankly the chances of crashing are far greater for the US hence you constantly hear OMG WHAT IF THE US ECON CRASHES?!?!!
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-The only real drug problem is scoring real good drugs |
Shevar
Minmatar
A.W.M
Ka-Tet
|
Posted - 2008.01.23 08:35:00 -
[2]
Originally by: Shandelzare
before you continue arguing about gdp and which is doing better, Europe or USA, GET YOUR FACTS STRAIGHT!
One of the things is missing on that list is debts by the people and not the goverment, the US debt isn't a big issue by itself. But when you factor in credit card debts etc. it gets problematic.
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-The only real drug problem is scoring real good drugs |
Shevar
Minmatar
A.W.M
Ka-Tet
|
Posted - 2008.01.23 08:40:00 -
[3]
Originally by: Del Narveux
This may have been brought up, but what about that VAT? Its my understanding EU sales get hit by it but US sales do not, this alone would make up for differences in currency.
No it doesn't.
We only pay 20% sales tax, not 50%.
Also americans do have sales tax, only not for items purchased over the internet from a shop that doesn't has an office (or salespoint) in the state the customer is residing in.
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-The only real drug problem is scoring real good drugs |
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