Looking at how Europe's leaders are failing to fix their debt crisis, you might be thinking, 'Hey, even I can do a better job.'
Well, there's a game to put that to the test. It's on the website of the European Central Bank.
In Economia, the monetary policy game, you are at the controls of the European Central Bank. At each step, you have to decide whether to raise the key interest rate, lower it, or keep it where it is. The aim is to keep inflation at two percent or slightly lower. You have a team of advisers and all kinds of data to help you along.
Even with all that, it's not so easy. You, too, could end up bankrupting Europe. Don't take my word for it, try it for yourself here.
The best way to fix Europ's debt crises is to help America vote out Obama his green energy policies are being felt world wide if this fool comes there on a summit to try and get you guys to join his agenda tell him to go to hell the sooner Obama is gone then the sooner America can drill baby drill and have money to loan again .
Where do you get your facts from – Fox? :)
My wife and I have been very blessed in our lives. We have also lived thguorh very tight times ( I. E., blood donations.) We have always felt the love if others. Many times, we picked up the bill for another at a resturant. Other times we paid for another's groceries. Another time we put together a baby shower for a lady we never met who left an abusive home. Instead of money, we gave a man in the rain a sleeping bag, a coat, and accessories along with a gift card for a meal at Denny's. When my wife ad I ran into financial issues, we were blessed by people who remained anonymous with a $500 gift card twice. We always asked why. We had a very hard time accepting. Why us? LovePay it forward It will come back when needed
Yours is a clever way of thninikg about it.
Actually, the solution has nothing to do with President Obama. What needs to be done is to dissolve the EU, let each country return to their old currency, let market forces due their magic, and (if necessary) have certain countries print their currency to pay off their debts–with some inflation. And there you have the rest of the story...
I am grateful that the only place people like Armstrong get to spout their drivel is on forums like this. Only a complete idiot could associate Obama with European fiscal mismanagement.
Learn from the Chinese.
Burn Greece to the ground and collect the insurance money?
Stop using the Euro. The sooner the better.
You should have let me take control.
Chinese Communist Party is changing from within:
MIXED ECONOMY ONLI ONE REMEDY TO THIS CRISIS..STRNGTHEN THE NATIONALISED BANKING SYSTEM AT ALL COUNTRIES. HIKE THE AGRICULTURAL PRODUCTION AND PRODUCTIVITY WITH GOVERNMENT SUBSIDIES. HIKE THE FISHING PRODUCTION AND PRODUCTIVITY .AVOID MAXIMUM, GENETIC ENGENEERING. CONTROL I.T AND I.T BASED INDUSTRIES. DISMISS EURO. DISMISS CONTINENT BASE PACTS. THESE WILL RE-GENERATE ALL DESTROYED ECONOMIES.
The whole problem is the CENTRAL BANKS.
These banksters have fleeced the economies of the world.
Money gets created out of thin air.
Indeed it's just a computer-game! Yet we humans wouldn't be able to do better in real life neither.
The only solution is the least bad option: Germany and northern Europe create their own currency/currencies and leave southern Europe with the Euro. The Euro will devaluate severely which is part of the long term process the PIIGS need to go through.
Well stated, Thomas. Thank you.
Any fool should know that the way to fix this is to have these countries give up on the stupid idea of a "Eurozone". Germany, for instance, needs to pull out and go back to using the Deutschmark but Angie Merkel is just too naive to see that. Like WW1, the so-called "Eurozone" too is a bad idea!!!
HELL YES! Legalize Marijuana and tax it. Al governments could pull out of the red if they did this. And the world would be a much happier place too.
What they should do is get rid of the euro. Go back to individual currency by nation, and only create currency when it is 100% backed by gold.
What they will do, refinance, print more money with zero backing and wait a few months and do it all over again.
Let them all fail and start from scratch .
Note from fifth grade teacher whose sentduts are participating in the Kiwanis essay contest: We have really enjoyed working on this project. It has sparked quite a bit of thinking about the sentduts own acts of kindness and they want to begin a “Kindness Club” here at school. I’m very proud of their ambition. Our class is writing essays on kindness as part of the Kiwanis essay contest. We have really enjoyed working on this project. It has sparked quite a bit of thinking about the sentduts own acts of kindness and they want to begin a “Kindness Club” here at school. I’m very proud of their ambition.
Looks like they want too many things.
I don't see how they can get out of the crisis with a 2% inflation.
Getting out of it via some what higher inflation of 5-10% seems to be much more realistic, and will be done in much shorter time frame. I also think slightly high inflation might be a way to boost government revenue too.
But controlling it once it gets pass 7% is tough, it will become a slippery slope once it gets pass 10%.
Rid ourselves of the central banks all over the world. Each country print their own money, with regional banks, at zero interest to the population until your country is solvent. The very disasters that central banks were created to prevent have occured, because of the banks. fractional reserve lending doesn't work. It makes a very small group of people very rich for doing little more than paperwork.
Excellent response. Central Banks are inherently corrupt and arrogant besides. No one can set interest rates, which are a function of people with money to lend and demand by borrowers. Where does the government (any government) get off determining interest rates or printing currency backed by nothing other then their ability to service the debt through taxation? The Gold standard was very limiting, but at least it was honest. Fiat money is the root of all inflation and excessive governmental influence in the lives of the people.
Obama has already given them nine trillion dollars to bail out the Euro, now would be a good time to stop this moronic funding that was doomed to fail. We bailed them out in the first world war and we bailed them out in WW II, when are we going to learn that every corrupt bank IMF will suck us dry every chance they get. The IMF is corrupt and most banks associated with them are the same, their only interest is keeping the royals debt free at our cost. Congress and the Senate no longer do the bidding of the people, they work for the corporation's while the White House wants to be royalty. If we do not act this place will become a Fascist run feudal system.
Simples. Do what America and Britain have done – print money.
That's 2 clever by half and 2×2 clever 4 me. Thsakn!
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Of course I can, but then again these countries that are in debt up to their eyeballs are asking for the help too late. Maybe they shouldn't have spent more money then they took in, like responsible governments in the first place! Now that they are in so much debt that attempts to roll it over aren't selling. Six months or less until most countries are kicked out of the Euro, so they don't drag down Germany, Belgium or Holland.
I am ready to pay for all the debt of all the countries on this planet now.
I have kept 1 million trillion for the cause.
I am King Sam Rupani of Sweden. People in United States have made me their Interim President.
Come to Houston and I will settle all your debts with grace.
Secretary of treasury and Federal Reserve Chairman will help you.
President Obama and Secretary of State will help you.
America is still land of opportunity....
Wow. I want a toke of that stuff.
What would be the point saving a corrupt system, meltdown is the best way forward as it will get everyone's priorities in order ,aiding the current system will only add to the meglo maniac ideals some countries have...that's my 2 cents..
You've taken on a mighty big name there. I suggest you drop it.
1991 Canada Interest rates were as high as 16% and fixed things ... Canada's average 6.12 ... learn from other countries
Bro .... It can be fixed only by applying islamic banking,otherwise the richer will be richer and the poorer will be the sufferer.........
Just get Germany to write a check and make it all go away.
I predict that the EU will end up with ten members.
They need to adopt EuroA [strong] and EuroB [weak] with a floating market exchange rate between them. European central bankers would be free to structure their fiscal policies in either or a blend of both. This would accomodate higher inflation in weak currency countries and low inflation in strong currency countries.
We need a lot more insthgis like this!
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