villages of France
Projected (i.e wild guess) numbers for 2010 or 2011:
GDP per capita (nominal) 2010/2011
Capitalist countries:
USA 44000 $
Socialist countries:
Spain 65000 $
France 75000 $
This is after the dollar collapses to half it's 2008 value with respect to the Euro, caused by totally out of control US govt spending. Of course the Euro have problems too, with overleveraged banks, sovereign debt problems, etc., but surely the dollar will fare worse than the Euro in the years ahead.
One good thing is that this will really shut off imports from the Eurozone.
France centralistic administration system seems generally less efficient than Swizz or German. If you compare modern French administrated Alsace region with neighbouring German administrated Baden region or Swizz administrated Basel region, you must realize that these both are much wealthier than Alsace, while historically, before French takeover of Alsace administration, it was inverse. Aditionally, there is a massive impoverishment in Alsace regarding local language and traditions.
''The fiancial crisis is caused by the sub-prime credits that the Democrats support because they gave opportunities to the poors. What are you talking about? War of Irak? LOL. USA is always involved in wars.''
The deficit is increasing since the Republicans took it on in 2000. I think you and I don't read the same newspapers. USA will be in the deep sh... for years because of Bush and his ''non government'', surely the worst president in the history of the USA. I still can't believe he was reelected in 2004. That guy is the main cause of the actual crisis in the world. It all started under his laxity.
^
I blame Fox News for the political illiteracy in US.
<<The deficit is increasing since the Republicans took it on in 2000. I think you and I don't read the same newspapers. USA will be in the deep sh... for years because of Bush and his ''non government'', surely the worst president in the history of the USA. I still can't believe he was reelected in 2004. That guy is the main cause of the actual crisis in the world. It all started under his laxity.>>
The deficit's been increasing since the 1960's, and is totally out of control now. There's plenty of blame to go around to almost everyone in power in the last decade or so, and not just in the US. Unless they bring the deficit under control rather quickly, the Democrats will get plenty of blame if the currency collapses, bringing the US down with it.
There have been nasty credit and/or housing bubbles in Iceland, Ireland, Spain (the PIIGS?), UK, Eastern Europe, as well as the US. Lots of blame all over.
''The deficit's been increasing since the 1960's, and is totally out of control now.''
I think you mean the debt not the deficit which is not quite the same thing.
USa's national debt:
http://blogs.usask.ca/the_bolt/images/usa_debt_versus_gdp.gif
Conclusion:
Debt has been increasing like a rocket since 1980 (the golden era of Wall Street and agressive traders if you can remember...) . Curiously it reached a a peak under Clinton administration. Bush administration didn't provoke debt to increase considerably with respect to Clinton administration levels.
<<This is after the dollar collapses to half it's 2008 value with respect to the Euro, caused by totally out of control US govt spending. Of course the Euro have problems too, with overleveraged banks, sovereign debt problems, etc., but surely the dollar will fare worse than the Euro in the years ahead>>
Interesting reading regarding the ECB here:
http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article6597813.ece