Re:Federal Government Begins First Shutdown In 17 Years
by adventured on Tuesday October 01, 2013 @01:46AM
(#6474364)
You're incorrect.
The Fed made emergency loans totaling trillions to banks throughout Europe (including Germany). It took down the economies of Spain, Portugal, Britain, Ireland, Iceland, Italy, France, Greece and others. It forced China to implement trillions in unnatural and extreme stimulus, that has unbalanced their economy. It crashed the commodity markets, destabilizing all sorts of poor countries (and so did the prior Fed driven inflation of commodities, helping to cause food based chaos in the third world).
Just take a look at the stimulus measures, interest rate policies, and growth rate of Britain since the crisis. Ditto France and Italy on growth and EU stimulus (two of the largest world economies obviously) - both are just a small slip away from a Greece style disaster on their debt, with zero growth to help it out and a rather stern (rightfully or wrongfully) Germany unwilling to be as loose as the Fed.
The Fed made emergency loans totaling trillions to banks throughout Europe (including Germany). It took down the economies of Spain, Portugal, Britain, Ireland, Iceland, Italy, France, Greece and others. It forced China to implement trillions in unnatural and extreme stimulus, that has unbalanced their economy. It crashed the commodity markets, destabilizing all sorts of poor countries (and so did the prior Fed driven inflation of commodities, helping to cause food based chaos in the third world).
Just take a look at the stimulus measures, interest rate policies, and growth rate of Britain since the crisis. Ditto France and Italy on growth and EU stimulus (two of the largest world economies obviously) - both are just a small slip away from a Greece style disaster on their debt, with zero growth to help it out and a rather stern (rightfully or wrongfully) Germany unwilling to be as loose as the Fed.