North America Overtaken by Europe as the World’s Richest Region

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xbhaskarx said:
You can never go wrong underestimating the average OT user.
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avatar299 said:
You know everyone going to ignore this and just start chanting "fuck yeah socialism" right?
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Maybe equities are just fake value, as seen in this crisis. One day worth a million the next day a dollar. Doesnt seem like real wealth to me.
 
This is about assets under management (rich people) and not about total money per capita. Some rich assholes are just moving to South America where there are cheap servants and cheap mansions so they can retain their disgusting lifestyles without a hint of self-sufficiency, that's all.
 
Calcaneus said:
I blame Obama.
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:lol


Oh and btw. we have the biggest pimps of heads of state and government here:

Silvio_Berlusconi_29-01-2008.jpg


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Balkenende_Dutch_politician_kabinet_Balkenende_IV.jpg
 
It's a combination of telling capitalism to fuck off and having higher population number.




It's time to make the United States of Soviet North America.
 
SomeDude said:
It's a combination of telling capitalism to fuck off and having higher population number.


It's time to make the United States of Soviet North America.
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Right, because
1) Europe doesn't have a capitalist economic system
and
2) the Soviet Union was so great at wealth creation
 
xbhaskarx said:
Right, because
1) Europe doesn't have a capitalist economic system
and
2) the Soviet Union was so great at wealth creation
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You seriously don't understand the complexities of life.


Want to? read Noam Chomsky
 
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It shouldn't take a mathematician to see that when you buy more than you sell you lose wealth. America has been doing just that for over three decades. It's time to wake up and smell the coffee...
 
I know that Europe historically kept their wealth in terms of gold/precious stones/metals, and this had changed after a while. I'm not very well versed on the history of wealth, and economies so I have a couple of questions.

Was there any other measure of currency between the classic gold/metal/precious stones, and the equities/stocks of today?

Do you think that our current economic model will stay focused on this risk based stock/trading model even with the emergence of Asia?
 
Kosma said:
More at http://www.bcg.com/Media/PressReleaseDetails.aspx?id=tcm:12-28981

Why did America get hit harder then the EU by the crisis? What is Europe doing right, that the US is doing wrong?
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US had a higher proportion of the actual companies in crisis and they were biggies. This hurt the investors big time.

GM, Merrill Lynch, Citibank, BOA, Chrysler, the two mortgage Mae giants. Some went bankrupt. Most were bought out at pennies on the dollar. Then their buyer's stocks started trading at all time lows since they didn't know what they were getting into - including the US government.

Hopefully, the tide has turned. My 401k is looking better than it has in 2-3 years.
 
fortified_concept said:
Trust me, you don't want to join EU considering what it's becoming.
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The Euro was a fantastic idea and a one world government will come someday. Which could be a great thing.
 
doesnt matter
rich or richest who cares about such a stupid statistic

as long as your country isnt africa poor you can live a decent life and thats all that matters
 
SomeDude said:
No, I'm not.


And the Soviet Union really wasn't Socialism. My take on the new United States of Soviet North America would definitely be the socialist idea.



Again, the Russian Soviet Union wasn't socialist. Please read here: http://www.chomsky.info/interviews/1991----02.htm
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And America isn't capitalist, It's corporatist or whatever new word has been conjured up to bash America with.

Every time a country tries socialism, it fails and they come up with excuses. I'm waiting for the "Venezuela isn't socialist. It's Chavezist" or whatever.
 
SomeDude said:
The Euro was a fantastic idea and a one world government will come someday. Which could be a great thing.
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I'm all for a united world economy but if it becomes like the EU corporatism and oligarchy would have won. There's no accountability for the decisions EU makes and enforces to the EU members making it easier for sellout politicians to obey their puppermasters. EU members especially the weaker ones are losing slowly their sovereignty to a faceless union that is supposedly democratic.
 
MrHicks said:
doesnt matter
rich or richest who cares about such a stupid statistic

as long as your country isnt africa poor you can live a decent life and thats all that matters
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I sort of agree, but I think it's interssting about the huge drop compared to Europe.

Also & slightly off-topic, I seem to recall that Europe didn't do the whole bailout thing, at least in comparison to US. If that's the case, it kind of surprising how the number came out.
 
JGS said:
I sort of agree, but I think it's interssting about the huge drop compared to Europe.

Also & slightly off-topic, I seem to recall that Europe didn't do the whole bailout thing, at least in comparison to US. If that's the case, it kind of surprising how the number came out.
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? We bailed out shitloads of banks..
 
avatar299 said:
And America isn't capitalist, It's corporatist or whatever new word has been conjured up to bash America with.

Every time a country tries socialism, it fails and they come up with excuses. I'm waiting for the "Venezuela isn't socialist. It's Chavezist" or whatever.
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Bullshit. Scandinavian countries are socialist and Venezuela is socialist. And from what I've read Scandinavian countries have much better quality of life than USA while Venezuela's poor population's quality of life is starting to improve.
 
And equities not being real money, please. You may as well say money is not real money. WTF is a dollar or a Euro or a yen anyway? Who cares about a piece of paper? And gold standard, it's just a shiny metal. If you really don't believe in the value of equities you may as well advocate moving to a currencyless, barter system.
 
avatar299 said:
Every time a country tries socialism, it fails and they come up with excuses. I'm waiting for the "Venezuela isn't socialist. It's Chavezist" or whatever.
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As a Venezuelan this is true, And Chavezist means "All the money goes to Chavez friends and whoever kneels to him."
 
fortified_concept said:
WTF does Noam Chomsky has to do with Soviet Russia? You think Chomsky's a Stalinist?
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Yeah, I kinda messed up. In the past Noam CHomsky said that the United States and Canada should dissolve states and become one since they are both in general classless and very similar societies.


And yeah, you are right, he wasn't a stalinist.



In general I think capitalism is in for a decline. Latin America is moving toward socialism as is Japan. With the United States not being the major parasite of the world (aka world hegemony fading, not able to initiate coups in a more politically awakened world)) the whole capitalist system is probably going to have to die - and thank goodness for that.
 
Arjen said:
? We bailed out shitloads of banks..
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"We" being Europe I assume. If that's the case, my mistake.

It seems like I kept hearing stories of companies asking for money and being denied.
 
this article is bullshit.

I think it hardly accounts for the billions upon billions made in drug trade. Our latin partners are BAAAAALLLLIINNNN.

And as soon as they make speedboats that can cross the Atlantic in about 6 hours Trade is gonna EXPLOOOOOOOOODE
 
HAIL HAIL EUROPA KNOW
THROUGH DEATH AND NIGHT WE GO
HAIL HAIL EUROPA SEE
VIGIL AND VICTORY!
 
fortified_concept said:
read my second post
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I just did. I think you have a point the EU isnt transparent at all. But then again there is no proof these politicians have puppetmasters either. I'd rather have idealisitc politicians making decisions then big corporations.
 
ChoklitReign said:
Thanks a lot, Canada. And Mexico. And Latin America. Fuck, we are poor.
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what the hell u talking about? we're holding up our own bargain. Canada is one of the very few developed countries that escaped the crisis almost unscathed

Not one single bank failed here. Not one single taxpayer cent needed to help any bank. Foreclosure is almost unheard of here.

It's only because stupid U.S car makers that we got un-employment so high in southern Ontario.

Fuck U.S. I'm ready for Canada joining E.U. I want my E.U citizenship damnit!!!
 
fortified_concept said:
Bullshit. Scandinavian countries are socialist and Venezuela is socialist. And from what I've read Scandinavian countries have much better quality of life than USA while Venezuela's poor population's quality of life is starting to improve.
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How can a nation have a much better quality of life than in the US unless they are giving people money to live there?

I get that there are countries that are better, but US is not that bad of a place to be unless Scandanavia has no poor people to begin with.
 
JGS said:
"We" being Europe I assume. If that's the case, my mistake.

It seems like I kept hearing stories of companies asking for money and being denied.
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Well i don't know the specifics for other countries
But the Dutch goverment bought Fortis and ABN-AMRO and lent a big pile of money to the ING
 
This makes for good headlines, and I have no doubt that is precisely the aim of the BCG. but the demographic picture is so dire for Europe that it's really a meaningless statistic.
 
JGS said:
How can a nation have a much better quality of life than in the US unless they are giving people money to live there?

I get that there are countries that are better, but US is not that bad of a place to be unless Scandanavia has no poor people to begin with.
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THe United States is horrible. Everything is way to privatized in this country. Including the military industrial complex and mainstream media.
 
canova said:
what the hell u talking about? we're holding up our own bargain. Canada is one of the very few developed countries that escaped the crisis almost unscathed

Not one single bank failed here. Not one single taxpayer cent needed to help any bank. Foreclosure is almost unheard of here.

It's only because stupid U.S car makers that we got un-employment so high in southern Ontario.

Fuck U.S. I'm ready for Canada joining E.U. I want my E.U citizenship damnit!!!
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You gais are so cute when you fake hatred for america.
 
JGS said:
How can a nation have a much better quality of life than in the US unless they are giving people money to live there?

I get that there are countries that are better, but US is not that bad of a place to be unless Scandanavia has no poor people to begin with.
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:lol :lol

are you serious? there are many developed countries have much better quality of life than the U.S

- Switzerland
- Australia
- Canada
- Germany
- Scandinavian Countries
- Austria
 
canova said:
:lol :lol

are you serious? there are many developed countries have much better quality of life than the U.S

- Switzerland
- Australia
- Canada
- Germany
- Scandinavian Countries
- Austria
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Do you think this is because of capitalism?
 
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