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The Stalls of Higher Thought

Europe to U.S. – “STFU and Get Your Own House In Order!”

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$14,703,782,663,755.17 – The US National Debt has continued to increase an average of
$3.93 billion per day
since September 28, 2007!

azizonomics: And what might put Europe and the global financial system to the sword? Recrimination. It’s not my fault it’s everyone else’s fault. Now former ECB policy-maker and Euro-hawk Jurgen Stark has weighed in to tell Euro-hopping U.S. Treasury Secretary Geithner (in less direct language) to shut up and go home.

From Zero Hedge: Finger-pointing in the direction of Europe shouldn’t prevent others from putting their budgets in order and doing their homework before handing out advice to Europeans.

Of course, Stark has a point. Europe is a complete mess , European policy makers are stumbling and slumbering forward to the gates of Hades. But America? The American economy is a jaundiced sham; where Europe has maintained a sliver of its former industrial might (i.e. supply chains, heavy & light industry, consumer manufacturing) in Germany, Scandinavia and the Netherlands, America prefers to ship a significant majority of its consumption (and even a lot of its infrastructure) from China (and subsidise the shipping costs through massive military deployment).

And what is it that Geithner (and the United States)is bringing to the table?

Absolutely NOTHING!

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Written by mattliving

September 17, 2011 at 10:47 am

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