dmartin92
Veteran Member
I am an American that has been living in France for the last 12 years. In 2009, I became a French citizen.
I think there is some truth in what you are saying, Photato. But the truth about the subject is super complicated. In a forum such as this, one could only make very broad generalizations, that are somewhat true, but also not quite right.
There are as many different stories and perspectives on the subject as there are different companies, businesses, and markets.
For lots of markets, the U.S. is the place you need to succeed, if you want to become a major player, worldwide ... but you don't need to be U.S. based, you just need to sell your products there.
You mention currencies, the Euro, etc.
Things change fast with that subject. Yes, early last summer there was some worry about the Euro, but now the worry has shifted back to the Dollar. The twin deficits of the U.S., 1) the Federal budget deficit, and 2) the Trade deficit ... these seem to me like two huge problems that could turn the U.S. into a very economically unstable nation. But maybe everything will work out great for the U.S. ... but the situation there is quite unpredictable. Gold prices have risen dramatically because the smart people with lots of money know how unpredictable things currently are.
And then there is the issue of energy ... such as oil ... the U.S. imports so much of that ... other nations do too, but gasoline is taxed much more in Europe, and so people use their cars less. A slightly different lifestyle.
... altogether, it's a complex mix of subjects ... and I wouldn't count the U.S. as being headed for serious trouble, but there are major, major issues that could effect its economic future, in a very bad way.
Maybe most of Europe will continue to flounder, as it has always has (except for Germany), but the risk of dramatic economic problems is less there. And the U.S. still has many, many good economic points.
It's a super complicated subject.
I think there is some truth in what you are saying, Photato. But the truth about the subject is super complicated. In a forum such as this, one could only make very broad generalizations, that are somewhat true, but also not quite right.
There are as many different stories and perspectives on the subject as there are different companies, businesses, and markets.
For lots of markets, the U.S. is the place you need to succeed, if you want to become a major player, worldwide ... but you don't need to be U.S. based, you just need to sell your products there.
You mention currencies, the Euro, etc.
Things change fast with that subject. Yes, early last summer there was some worry about the Euro, but now the worry has shifted back to the Dollar. The twin deficits of the U.S., 1) the Federal budget deficit, and 2) the Trade deficit ... these seem to me like two huge problems that could turn the U.S. into a very economically unstable nation. But maybe everything will work out great for the U.S. ... but the situation there is quite unpredictable. Gold prices have risen dramatically because the smart people with lots of money know how unpredictable things currently are.
And then there is the issue of energy ... such as oil ... the U.S. imports so much of that ... other nations do too, but gasoline is taxed much more in Europe, and so people use their cars less. A slightly different lifestyle.
... altogether, it's a complex mix of subjects ... and I wouldn't count the U.S. as being headed for serious trouble, but there are major, major issues that could effect its economic future, in a very bad way.
Maybe most of Europe will continue to flounder, as it has always has (except for Germany), but the risk of dramatic economic problems is less there. And the U.S. still has many, many good economic points.
It's a super complicated subject.
But is not the same, Europe is fragmented. There is this Divide North-South and towards the East, let alone the HUGE barrier of Language. Most British are Euro-skeptics, they don't even share the Euro Currency.
Recently there were fears of the Euro dismissal given the disparity with Greece, Spain Portugal and Ireland, brought by the crisis.
Another big difference is Natural Resources, The US has more.