3301628

Re: US Federal Spending

October 20th, 2006 12:33 PM

Any countries in the G8 falling apart quickly would have dire repercussions on relatively unnegligable portions of the world.

3302569

Re: US Federal Spending

October 20th, 2006 06:33 PM

But that would have flow on effects to the EU. Economic collapse in the EU most certainly would have a massive effect on the world economy.

3302572

Re: US Federal Spending

Joe Bonham

October 20th, 2006 06:35 PM

One country collapsing would cause the whole EU to fall apart?

Gee, either European countries have extremely fragile economies or you don't have much confidence in the EU...

3302633

Re: US Federal Spending

October 20th, 2006 07:01 PM

It's called interdependence.

Germany has a very big economy, and its role in the EU is also big. We're talking about collapse here, not just a downturn.

3302641

Re: US Federal Spending

Joe Bonham

October 20th, 2006 07:05 PM

Well, that's a bummer.

3303078

Re: US Federal Spending

October 21st, 2006 02:39 AM

The EU economy basically is the German economy. There's a reason why the EU-bank has its seat in Frankfurt. The German economy is the third largest in the world, so obviously it would have a huge impact on the global economy.

3303472

Re: US Federal Spending

Joe Bonham

October 21st, 2006 07:01 AM

Its fortunate that we don't have to be dependent on other countries then. (At least not yet...)

3303560

Re: US Federal Spending

October 21st, 2006 07:51 AM

Actually, the US is heavily dependent on other countries, primarily China. Noone has to be dependent, but the doctrine of globalisation is quite popular amongst the rulers of the world, and so each nation is tied into the other by treaties and such.

Anyway, the real topic of this thread is the massive increase in federal spending.

3303951

Re: US Federal Spending

October 21st, 2006 10:39 AM

Also you have a big interdependance with us, canadians.

Just look at the trades between both our countries, biggest in the world.