re: OT- Cooking the Books

Of the 28 countries in the EU, at least 19 of them are in unsustainable debt accumulation and 25 of them are deficit spending (spending more than their tax revenue). And 10 of them are even spending annually more than their entire country's annual GDP, while the remaining 15 are deficit spending between 15%-50% above their tax revenue.


Spain tax payers, for instance, would have to pay 100% tax just to nearly break even with their government's annual spending.

These countries are deficit spending and their debt is skyrocketing at rates that can't possibly be sustained.

Banks in Europe are at NEGATIVE interest rates, meaning it actually costs the consumer money just to store their earnings in a bank.

The Euro was $1.59 in 2008, it's now at $1.11 and this is after we have DOUBLED our M2 money supply from $6 trillion to $12 trillion of currency in circulation. How the hell does the Euro go down when we should essentially have inflated the Dollar by 100%?

And the refugee crisis is going to push these countries over the cliff. A bunch of foreign speaking immigrants who aren't working because of a language, education, and labor skill barrier, but are now siphoning gobs of welfare benefits out of the tax coffers, is going to bowl through their economies.

Japan is in even worse shape than Greece as far as debt is concerned. The only saving grace they have is a strong manufacturing and export industry. But they supplant that with selling goods at lower costs than everyone else. But they can't keep that up. They're losing too much money and going too far in debt.

So go ahead and invest in EU and Japanese emerging markets. I dare ya.