Quit Asking, I’m Still Not Your Daddy
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  • Kenny

    Amazing how Europe still clings to its welfare state.

    Things over there will have to get a lot worse before then can hope to get better.

  • Jacksonian Libertarian

    They are desperate, and will continue to grasp at straws, including the US and China until the end. I wonder how long it’s going to take for the EU to fly apart? I think it took about 3 years for the Warsaw Pact and Soviet Union to fully disintegrate. Like a super slow motion train wreck, you’ll have plenty of time to make popcorn.

  • Luke Lea

    I’m no expert, but aren’t China’s $3.2 trillion in foreign exchange reserves mostly invested in U.S. Treasuries? If they sell those Treasuries and buy Euros instead, who is going to purchase the Treasuries they sell? The Fed? No matter how you look at it, it seems we’re all in this together.

  • Neville

    The Europeans seem to believe that the Chinese will be willing to pay to preserve the European social model as if it were some priceless cultural artifact. It will take them a while to get used to the idea that for at least 20 years the elites in countries like China and India have generally viewed Europe’s governance and strategy as a dysfunctional mess, something to be avoided rather than emulated, as the Chinese “has first to put its house in order” comment suggests.

  • Mike M.

    “Amazing how Europe still clings to its welfare state.”

    There’s nothing amazing about it, and it’s not just in Europe, but here in the U.S. as well. It’s the inevitable outcome of dependence and the official sanctioning of irresponsibility.

    I would estimate that more than 50% of the population of the west is at the point where they literally can’t even imagine life without the welfare state.

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