European Economy in a nut shell

[LS_Sonoma]

http://biggeekdad.com/2010/09/eu-economy/

[10phone2]

Great video. I'm surprised they haven't starting taking valuable goods from other countries because they can't pay the money they owe

[wagner]

God we are fucked ....

[Scotty2Hotty]

Stop spending money you don't have.

[pdqwagon]

God we are fucked ....

 

X2

[Mowgli1647545497]

From another site:

Myth #5. China's Economy Is Going to Steamroll America's!

 

What You've Heard:

According to The New York Post, America already owes China so much money that China can destroy our economy whenever it wants. So if you're reading this from inside the United States, we hope you like the taste of steamroller, because you and everything you love is about to get steamrolled by China's economic steamroller. And thanks to the gap between Chinese super students and America's bumper crop of dumbasses, Americans probably need to be told that China's economy isn't an actual steamroller.

 

Actually:

The media tends to portray America like China's deadbeat brother-in-law who keeps borrowing money and promising he's good for it. But the truth is that China is far more dependent on the U.S. than the other way around. If they decided to pull the rug out from under the U.S., they'd be pulling it out from under their own economy.

As for China's educational superiority, it's definitely true that China kicks America's ass in educating its children, and they even produce more college graduates than America. It's just that their colleges suck. One Chinese professor said that the average Chinese engineering graduate may not know more than a typical auto mechanic.

 

From an early age, Chinese students are corralled into career paths based on test scores. A bad day in seventh grade might shut you out of entire industries. Unfortunately, the idea that childhood intelligence has anything to do with future success has been pretty much completely debunked.

The things that tend to matter are how hard you're willing to work at your job. And if it's some bullshit your seventh grade teacher decided you should do for the rest of your life, we're guessing that's only as fast as you can work while making the wanking motion with one of your hands.

 

But probably their biggest problem is something called the dependency ratio. It's a simple idea that is shockingly good at predicting economic success and failure. Basically, you put people who are of working age on one side of the scale and people who are too young or old to work on the other. The more the workers outweigh the babies and old people, the more your economy tends to thrive. For instance, America did great when the baby boomers were passing through their working years and is facing a slowdown now that they're retiring.

This ratio is also one of the main reasons China is kicking so much ass at the moment. There are so many working-age people that they had to put policies in place to keep them from having too many kids. You've probably heard of the one-child policy. An earlier public campaign cut China's fertility rate in half in the '70s. That was good for China's dependency ratio up to this point. That's half of a generation of useless, non-working babies off the books. But over the next 25 years, China is gearing up to age faster than any developing country ever. By 2035, 280 million Chinese will be 65 or older. Senior discounts alone will cost China billions.

 

So if you are working for China in 25 years, like the media predicted, chances are it will be at a nursing home.