Euro €1trn debt volcano to erupt and ‘wipe out German economy

Primavera said:
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Maybe wiped out is a tad too strong. But it's clear that there's some serious shit happening in Euroland. Naturally the likes of Con Artist and Crypiss will dismiss this as well.

THE EU is sitting on a huge debt "volcano" that everyone pretends is dormant but is preparing to erupt with destructive force, a top analyst has warned.

https://www.express.co.uk/finance/p...Brexit-debt-Germany-European-Central-Bank-ECB
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The entire global economy is going to get crushed by debt, this has been clear for well over a decade. Only the timeline and order of collapse is not known. I am expecting a depression that lasts at least one decade, maybe several.
 
Not being a capitalist creepo I don't understand national debts. I know that those that do lie through their teeth at every opportunity for them to remain in charge of a nation's money so that they can cream it off. That's healthy cynicism for anybody that isn't a millionaire. So, in my ignorance I ask myself- ' When the US debt is thirty-two trillion dollars and the government continually votes to spend and cheerfully hand out hundreds of billions more- why is a paltry trillion of debt of concern to Europeans ? Isn't the American model of racing to be a hundred trillion in debt attractive to its European satellites ?
 
Primavera said:
You may well be right.
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About six months ago I heard someone say that the existence of Germany as a functioning society is now in doubt, I was very surprised. Since then I have heard several others say the same thing. The final collapse of the West is likely to be stunningly fast. This is why the Chinese are so confident, they are sure that they have us beat, the West is simply going to die.

EDIT: Michael Yon on Jordan Peterson July 28
 
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Hawkeye10 said:
About six months ago I heard someone say that the existence of Germany as a functioning society is now in doubt, I was very surprised. Since then I have heard several others say the same thing. The final collapse of the West is likely to be stunningly fast. This is why the Chinese are so confident, they are sure that they have us beat, the West is simply going to die.
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The Chinese needs the West and a depression, or even a recession, will fuck them up big time.
 
Primavera said:
The Chinese needs the West and a depression, or even a recession, will fuck them up big time.
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Everyone will be fucked, but the Chinese have a functioning society, and they have been planning for deposing the West and global domination for many decades.

You gotta understand the scope of the change, everything that was built after WW2 will either die or be repurposed.

China and friends of China will win, America will be turned into a shit-hole country.

The Chinese will insist.
 
Primavera said:
The Chinese needs the West and a depression, or even a recession, will fuck them up big time.
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If the German debt implodes then you can be sure that southern European countries like Italy, Spain, Portugal will be totally screwed. Thank the fuck that the Brits had the good sense to get out of the EU in time.
 
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Hawkeye10 said:
Everyone will be fucked, but the Chinese have a functioning society, and they have been planning for deposing the West and global domination for many decades.

You gotta understand the scope of the change, everything that was built after WW2 will either die or be repurposed.

China and friends of China will win, America will be turned into a shit-hole country.

The Chinese will insist.
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Yeh you keep saying that but do you think the people will stand idly by whilst their jobs go down the crapper? The recent riots ought to give an indication of what's in store for China.
 
Primavera said:
If the German debt implodes then you can be sure that southern European countries like Italy, Spain, Portugal will be totally screwed. Thank the Brits had the good sense to get out the EU in time.
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Yes, but unlike America Europe will get a deal from China....Standards of living and freedom (what remains today) will massively decline....and Europe will be made to atone for the sin following America's lead, but they can salvage something.

America cant...we will be extensively punished for our crimes as a lesson to the rest.
 
Hawkeye10 said:
China and friends of China will win, America will be turned into a shit-hole country.

The Chinese will insist.
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Nah. There is an alternative America which exists simultaneously with shameless America. It's the America that the government pretends to be.
Quite how to get rid of the shameless poseurs and build a government of Americans I don't know- but alternative America waits in reserve.
 
Primavera said:
Yeh you keep saying that but do you think the people will stand idly by whilst their jobs go down the crapper? The recent riots ought to give an indication of what's in store for China.
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China's long term problem will be that they will need to import large numbers of humans to keep the Empire running even as the planets human population is in massive decline. It will be the opposite of what you suspect.

Short term the Han are willing to suck it up, I mean suck up almost anything, if the result is glory for the Chinese Empire ...something that almost all Westerners dont know because they cant fathom it.
 
moon said:
Nah. There is an alternative America which exists simultaneously with shameless America. It's the America that the government pretends to be.
Quite how to get rid of the shameless poseurs and build a government of Americans I don't know- but alternative America waits in reserve.
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You need to stop threadbanning me.
 
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