A Continent of Losers

A Continent of Losers | The Brussels Journal

How can Europe be a "Continent of Losers" when euro is spreading at the pace that it is?

I get the impression Europeans don't care. They're liberal, secular, promiscuous, defiant and self-destructive. In fact, they seem to want this. Maybe they deserve it.

lol take away the liberal and secular,the last three could easily apply to the USA

How can Europe be a "Continent of Losers" when euro is spreading at the pace that it is?

What made US great are 2 things: (1) Dollar hegemony (dollar as world's reserve currency), and (2) Pentagon to maintain dollar hegemony - with each supporting the other; that is, without dollar hegemony, there can't be a Pentegon; and without Pentegon, there can't exist dollar hegemony. Since 1999 (in 8.5 years), euro accounts for 25% of the world's currency reserves, while dollar reserves have fallen to 65%. So, EU is doing it by being liberal (almost free) and US is doing it by huge military expenditures. Since currencies are not tied to precious metals since 1971, EU can now enjoy some priviliges that US has since WW2:

1. Print world's reserve currency at the cost of ink and paper.
2. Export it's inflation.
3. Import real goods and services in exchange for printed paper.
4. Service it's foreign debt by printing more paper.
5. Afford itself whatever from a virtually expanded economy (euro hegemony).

If US loses dollar hegemony, it would:

1. Cause hyperinflation within US from dollar dumping abraod - this alone has more implications than I have time to jott down
2. US will have to export real goods and services to earn euros for it's imports
3. US will have to build euro reserves
4. An inflation sensetive domestic economy
5. US wouldn't be able to service it's debt by printing more paper
6. Skyrocket the cost of it's overseas operations
7. Jump in cost of living and imports, including energy (gas at $3.75 per gallon will seem like a bargain)
8. Force US to re-produce real goods and services by bringing back outsourced manufacturing and other jobs

As 911 showed, when you seriously mess with America, she becomes defiantly Christian and nationalistic. Because she's primarily middle-class, her memory is short, however. Her people want to get back to their private, materially satisfying lives, as soon as possible. That's one of the secrets to our success as a nation. But, when push comes to shove, we can rally and thump arse, rather hard and permanently.
:headbang:

As 911 showed, when you seriously mess with America, she becomes defiantly Christian and nationalistic. Because she's primarily middle-class, her memory is short, however. Her people want to get back to their private, materially satisfying lives, as soon as possible. That's one of the secrets to our success as a nation. But, when push comes to shove, we can rally and thump arse, rather hard and permanently.
:headbang:

most countires become nationalistic when they are attacked pino,the middle east is defiantly muslim,and life is cheap to them,they are willing to die for their cause.

Airborne!!!!

most countires become nationalistic when they are attacked pino,the middle east is defiantly muslim,and life is cheap to them,they are willing to die for their cause.

Steel, since the day Mohammer started preaching in AD 610, in Mecca, Islam has been all about armed warfare against its enemies. It has never known anything but offensive warfare. This era is no different. You, the Great Apologist for the Enemies of Christian Man, know very little about your master. One thing you desperately do need to know is that when he finally triumphs over us, with your help, he will demand that you convert to Islam. If you don't, he'll chop off your head.