Next Wunder Tool a Euro Zone $200 Billion “Rainy Day”Fund

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  • #11697
    Helmholtz Watson
    Participant

    [article]191[/article]

    #11700
    Assistanc3
    Participant

    100-200 billion euros that could be helping the homeless, feed the poor AND education, instead a bloated government wants to create a fat wallet

    #11701

    and the good old USA is gonna need same thing — except sooner rather than later (as that is about the total damage for both storms …. and we got remnants of both passing thru SW VA

    #11703
    Assistanc3
    Participant

    the problem is, the problem is dealt with after it has happened, instead of limiting the effects in the first place.

    I truly am impressed with how much money governments waste and societies demand for “cheap” at the cost of the future. We use to make cars that last, fridges and stoves that didn’t need replaced or fixed after a couple years …but now we want cheap houses at the cost of them being easily damaged in the future.

    How much would be added to the US GDP if all houses were fitted with hurricane proof windows? Problem then becomes, over enough time when people don’t need new windows to replace the ones that stand up during a disaster, jobs are lost.

    breaking windows stimulates the economy

    #11707
    Helmholtz Watson
    Participant

    [quote=”Assistanc3″ post=1434]100-200 billion euros that could be helping the homeless, feed the poor AND education, instead a bloated government wants to create a fat wallet[/quote]

    The government largess knows no bounds – can’t have those banks lose 1 penny or franc or Deutschemark or drachma – the Euro they are saving at all cost.

    #11708
    Helmholtz Watson
    Participant

    [quote=”CautiousInvestor” post=1435]and the good old USA is gonna need same thing — except sooner rather than later (as that is about the total damage for both storms …. and we got remnants of both passing thru SW VA[/quote]

    Yes and somehow the equity markets are oblivious or perhaps they just simply shrug and say more printing – yay

    #11709
    Helmholtz Watson
    Participant

    Agree – we have a society of in built obsolescence

    #11803
    ThePitBoss
    Participant

    Always in bailout mode never addressing the underlying cause and effect – what’s the German word for band aid?

    #11843
    Assistanc3
    Participant

    [quote=”ThePitBoss” post=1539]what’s the German word for band aid?[/quote]

    pflaster

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