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The Real News Post
Social Networking based News magazine, to get the TRUTH out, to foster Peace & Prosperity™
Author: Europal
Date Posted: 2010-05-18
Viewed: 58,497
Euro debt crisis is mainly non-sense and propaganda by the right-wing Lying US Media
Doubtless you have been reading/hearing lots of news from US Media about Europe, Greece & Euro. And as usual most of it are either lies, or twisted by the right-wing Media in US to suit their agendas.

Euro debt crisis is mainly US right-wing Media LIES

"Europe Debt crisis" are mainly US right-wing Media LIES and non-sense. They are meant to enable the Republican lunatics and right-wing Media to then say:

"See European Socialism is leading to failure"
etc. psycho babble.

When the FACTs are EXACTLY OPPOSITE. That is because Europeans have more sensible amount of Socialized services, such as Socialized health care and College Education, just as USA has Socialized Military, Fire Dept, etc., it is because of these additional sensible Socialized services that European economies as a whole are doing much better than US economy and will continue to do so. Because by operating these essential services, such as Health Care, on Socialized basis, Europeans all get this essential service while spending HALF as much as USA spends on these services, repeat HALF as much, NOT MORE. Which FACTS are why all Conservative parties, repeat the Conservative parties, in UK, France, Germany, Canada, Israel, etc. are ALL 100% for their Universal Socialized health care systems.

Which FACTS you can also see proven by Euro. For if there was an OUNCE of Truth to "Euro Debt Crisis" then Euro would be less than US Dollar.

But instead Euro has gained a MIGHTY, KINGLY, LORDLY 30% vs US Dollar since its introduction in year 2000 at 1 to 1 to US Dollar, even though it is a deeply flawed currency and that is why it has lost value vs currency of all other developed Nations.

So How much longer does Euro have to be MUCH MORE VALUABLE than US Dollar for Americans to realize that "Euro debt crisis" is non-sense and that US is suffering from Republican lunatics, HOAX Democrats and above all a right-wing lying Media/Cabal and that is why Europeans have fundamental advantages over US, such as:

1- All Europeans, like Israel the beloved Nation of right-wing Media/Cabal, operate health care on Universal Socialized basis. So while all Europeans have health care they spend 50% LESS than what US spends on health care, which means LESS Taxes/Debt in this regard

2- European Governments do not waste their people's money on Unnecessary Wars (Iraq War, etc.) or on a Gargantuan Military such as US having more than 200,000 Troops in Europe at cost of $100-Bill/Year to US Tax Payers
3- Europeans have many more regulation on their Wall Street (aka Super Rich) for the benefit of their Main Street

4- Europeans have many more Socialized services, which means get much more Value for our Taxes, compared to Americans, such as:
we can go to University practically for FREE, compare this to US where a simple BS degree can cost you an INSANE $100,000+ and more saddling you with debt for years to come even if you get a good Job.

Euro debt is mainly good debt

More to the point: The Debt that Europeans have is MAINLY very good Debt since it is put into good use, it is used to invest in European people and cities from providing them with FREE health care for Taxes they pay, to providing them with FREE College education for Taxes they pay to giving them modern Transportation systems such as High speed Trains in Germany, France as a result of which public transportation they depend much less on polluting Middle Eastern Oil since these are electric powered. However most of US Debt is bad debt since it is wasted on unnecessary Wars and a Gargantuan Military. Which FACTS you can instantly see proven by Euro being MUCH MORE valuable than US Dollar which means the World is telling you with their money that they much rather keep their money in Europe because European economies are going to do much better than US because Europeans are investing their Debt & Taxes much more in their people.

Some FACTS first

Now are there some economic problems in some European countries? Yes, there is. But these problems pale in comparison to the fundamental problems of US as summarized above or you can read about in more detail below.

1st, economic problems in Europe were caused by near collapse of US economy in 2008

What economic problems Europe is having, is primarily the result of and was initiated by the near collapse of US economy in 2008 and 2009. For 2 reasons: 1st, on a very basic level many European investors, whether private or banks, lost 100s of Billions of Dollars in their US investment, whether from collapse of Lehman Brothers, to total fraud of Madoff, to their investment in US real estate, etc. etc. 2nd, people and businesses in Europe finally saw what a hoax, what a lie, what lunatics, Republican in US were which ideas had influenced much of their decision making in Europe.

2nd, Problems with Greece

Now is Greece having some problems? Yes, but they are not at all what the right-wing LYING Media is US telling you, they are due to:

I- Greece's main industry is tourism, and the beaches and sites in Turkey, which is next to Greece, are just as nice as they are in Greece, so with the stronger Euro Europeans have been by and large by passing Greece and going to Turkey who does not currently use Euro so its currency is much cheaper in relation to Euro. As a result this has devastated Greece's main source of income.

2- Greeks do not pay their Taxes. In fact in Greece it was considered the national past time to not pay your Taxes and you were considered to be a dork if you paid your full Taxes. And the Government had turned a blind eye to this systematic dodging of the Taxes by the population. For example whereas Athens harbor is filled to the rim with Multi-Million Dollar Yachts, as are all the other beautiful beaches in Greece, last year something like 1000 people in entire Greece declared an income of greater than 100,000 Euro!

3rd, If it wasn't because of Universal Nationalized health care things would be much worst in Europe

One of the amazing things, but very typical, by products of the debt problems in Greece has been for the right-wing US Media to state that:
"Look how bankrupt Greece is due to their generous social services such as Universal Nationalized health care..."

Which is utter complete non-sense, but again totally typical of right-wing US Media that it twists any events in support of its position that "Government run health care is bad..." and leads to bankruptcy when the EXACT OPPOSITE is the case here and the lesson to draw from the financial difficulties in Greece. That is IF Greece did not have not for profit Universal Nationalized health care as they have in Germany, UK, France, etc. then Greece debt and deficits would have been much worst than they are now. After all just think about it: health care in Greece, as in all European countries, is taking about 9% of their GDP while every person has health care and NO Greek or European is going bankrupt due to health care costs, while in US that does not have Universal Nationalized health care, health care is taking a back breaking 18% of the GDP and 2Mill+ Americans go bankrupt each year due to health care costs.

With the above said, European union economies, of which Greece is a very small part of, are doing and will continue to do MUCH BETTER than American Union (USA) economies, as evident by:
1- Euro being MUCH MORE valuable than the US Dollar
2- Avg homes in Europe being much more valuable than avg homes in US and not falling in 99% of Europe
3- NO banks having failed in Europe except those that bought US mortgage backed securities or securities issued by Lehman Brothers or deposits made with Madoff's, etc. US misery.
4- US Auto makers went bankrupt, laying off 10s of 1000s of people, while European Auto makers did not.
5- Most of the top 20 cities in the World are in Europe and NOT ONE of them is in US, more on this below.
etc. etc.

Because Europeans are not suffering from a party of Lunatics as US is with the Republican party and even more to the point, Europe is not suffering from a right-wing (aka LYING, war-mongering, fear-mongering) Media as US is with such lying machines as Fixed news, Talkradio, Wall Street Journal, CNBC, Forbes, etc. etc., as a result of which:
1- European Governments invest much more of their People's money (Taxes) in their people and cities via such things as Universal nationalized health care, Universal education to Ubiquitous (electric powered) public transportation etc.
2- European Governments do not waste their people's money on Unnecessary Wars (Iraq War, Vietnam War, etc.) or on a Gargantuan Military

So Euro is KING and will continue to be KING, will continue to be MUCH MORE valuable to the US Dollar, as long as the above problems (FACTS) with US exist

Another way to see that European economies are doing great compared to US: top 20 cities

There are other tangible yet not so mathematical ways of seeing the European economies are doing much better than US, that is look at the list of top 20 cities in the World, which you can see here:


or here:


If you look at the list of the top 20 cities in the World, you will see that 80% are in Europe, and NOT ONE, not even a measly ONE of the top 20 cities in the World is from USA. And ALL the top 20 cities in the are in countries that have Universal Nationalized Health care, what the Republican lunatics and the right-wing Media in US call "Socialism..." and what the Democrats did not even propose set aside pass.

Or look the cars that the Super Rich, such as Romney, in US drive: they are almost all European made cars, from Mercedes Benz, to BMW, to Porsche, etc.

Or look at where the Rich in US go for their vacations and 2nd homes, they go to Europe as per Murdoch, Forbes, Soros, etc. having Multiple Homes in Europe and would NOT be caught dead in a place like Iowa, Nebraska, Alabama, Georgia, Tennessee, Mississippi, Missouri, etc. God forsaken places that Vote GOP. Made "God forsaken" because the same GOP that these buffoons in Middle of America have been Voting for have made NO investment in their People, Cities & States and instead have WASTED their money (their Taxes) on one War after another War after another War that mainly benefit Israel and not the American people. - more here.

Update: Feb/25/2012 - Euro is up again vs US Dollar now to a MIGHTY 34% more valuable

So what happened to "Euro is going to Crash because Europeans have generous Socialized services..." that US Media was running during most of last year and Republican lunatics were referring to in their Con Job that "We need to cut the Spending and Deficits or we are going to end up like Greece (Europe)"?

So you see EXACTLY as what we told you would happen is happening, that is we told you Euro WILL BE a MIGHTY % more than US Dollar because Europeans are NOT suffering from Republican lunatics and worse a right-wing lying Media/Cabal and that is EXACTLY what has happened as per Euro now being a MIGHTY, KINGLY 34% more valuable than US Dollar even though Euro is a deeply flawed currency since it is a currency of a Monetary union without a Fiscal union to back it.

So even though Euro is a deeply flawed currency, because Europeans have sensibly more socialized services such as all Europeans have universal socialized health care, and because Europeans do not waste their money on Unnecessary Wars or a Gargantuan Military is why Euro is and will continue to be KING to US Dollar.

(1) Euro US Dollar exchange rates since the intro of the Euro, showing Euro was introduced at actually slightly less than 1 to 1 to US Dollar

(2) Cost of health care in European countries with Socialized health care vs US showing that while ALL Europeans have health care they spend 50% LESS on health care compared to US that has for profit Wall Street run health care

(3) Margaret Thatchers Conservative party is 100% for their Universal nationalized single payer health care

(4) Bastards have NO Shame: that is Same Wall Street Journal that rails against Social Services that Europeans have, calling them Socialism & will bankrupt US, lists as the Happiest Countries in the World almost ALL European Countries

Private Message Author Recommend Article Follow This Author

COMMENTS     Posted: 157    Pending: 0

By Guest:   AkHole 2015-08-03

Well then how about then:
Greek business exodus hits ‘epidemic proportions’
as you can see here:

what now?

By Member: Europal 2015-08-03

NOTE: none of these Greece companies leaving are going to USA. But they are going to European countries such as Germany that have much more Socialized policies than Greece.
So Greece is reminder that rampant Capitalism as Greece had brings disaster, but State manged Capitalism as they have in Germany, Denmark, Norway, etc. brings prosperous and successful economies and Societies. For example just check out how much a Rich person in Denmark, Norway, etc. pay Taxes compared to same in Greece. And you will have your answer.

So Germany, Denmark, Norway, etc. with many Social services, such as Government run Universal Socialized Healthcare, Government run Universal College education where their People can practically go to College Free, etc. have thriving economies and Low unemployment, while Greece where being Rich and not paying Taxes was the mantra, are basket cases.

By Guest:   wisdom4u 2013-01-11

Man only this news site and ONLY this news site was 100% right on the Euro prediction.
That is while entire Wall Street owned Media from New York Times to Wall Street Journal to CNBC etc etc. ran 1000s of articles about "Euro Debt Crisis" and "Euro is going to collapse" due to their Socialized health care and other generous Government provided Social services you guys, this site ALL ALONG stated that because Europeans have Socialized health care and other generous Government provided Social services is exactly why Euro will be KING to US Dollar and you were 100% right and Wall Street owned Media 100% wrong. My hats off to you.
I wonder when American people going to realize that if they want the truth they can only get it here and they will only get lies upon lies from right-wing Media, aka Wall Street owned Media from New York Times to Wall Street Journal to CNBC etc..

By Guest:   True_Man 2012-12-05

Another example of how European economies, People, Cities are doing Much better than USA, how USA has been wasted by a true enemy within which is the Zionist cabal that controls the US Media and is using it to wage War on US is this report about the best cities to live in the World, here:


as you can see 80% of the top cities of the World due to:
"Overall, European cities continue to have high quality of living as a result of a combination of increased stability, rising living standards and advanced city infrastructures,"
are in Europe and NOT EVEN 1 of the Top cities in the World is in the USA.
Still the mother fawking lying machine that is US Zionist controlled Media keeps lying and lying about "Euro Debt Crisis" because for example Europeans have Socialized services such as all Europeans have Government run Universal Socialized health care, when their beloved Israel has same Government run Universal Socialized health care

By Guest:   akkhol 2012-11-13

What will undo Europe (and the US) is changing demographics. The social nets that were built post WWII worked then because more people were paying in than taking out. In all mature economies, the demographics have changed as our societies have aged and we've had fewer babies, as we enjoyed our prosperity.

Now we have fewer people paying and more taking out. It is simple arithmetic. Add debt/down economy. That's where we are. The difference between Europe and the US is in how generous the social benefits are, that's it.

Both the Euro and the Dollar are destined to devalue. History tells us so. The only real question is time.

By Member: ThinkDeep 2012-11-13

Nothing could be further from TRUTH than the right-wing doom & gloom Con Job that you have written.

I mean there is so much LIES and TRASH in what you have written, which are all the KEY parts of Republican Con Job, that is just amazing. But in summary, if you (Republicans & the right-wing Media) actually gave a SQUAT about the Debt & Deficits then you would be for:

1- Taxing the rich more

2- Outing the US Military by 70% to put it in line with size of US economy to World economy, given that US economy is 15% of World economy. Keeping in mind that after this cut it would still be the Worlds LARGEST Military BY FAR.

3- Operating key industries on Socialized basis so that they cost MUCH LESS, and that is why for example ALL Conservative parties, repeat for you Republican lunatics, ALL Conservative parties, in Europe, Canada, Israel, etc. are 100% for their Government run Universal Socialized Health care.

All of which Steps you Republicans & right-wing Media oppose, proving 100% what lunatics, what TRUE ENEMY within they are.

By Guest:   Vibri_Wulandari 2012-09-26

I'm Canadian, I live in Canada where our economy is stable and never went into the ditch during the economic crash. What we have is (relatively) fair income distribution, more strict credit regulations, and much lower tax loopholes compared to US, socialist system in health care and education. It's true that we have more red tapes compared to US and during economic boom, we didn't feel it as much, but as I mentioned, we never sank into depression after LB collapse, we don't have high unemployment rate, and statistically people live more happily than our neighbors in the US because we don't worry about losing income, not being able to pay medical bills, paying back student loan, etc. Yes, you can say that I am a socialist, but it works. It doesn't work in Italy, Spain, and Greece because the system is combined with heavy corruption and regulations that benefits certain groups.

By Guest:   baserds 2012-09-17

Me again with the facts. Look what years of Democratic i.e socialist left wing programs like Obamacare aka NHS has done to the debt of these countries!
External debt (as % of GDP):

1. Ireland: 1,239%
2. United Kingdom: 451.4%
3. Switzerland: 391.3%
4. Netherlands: 367%
5. Belgium: 353.7%
6. Denmark: 283.2%
7. Hong Kong: 265.7%
8. Sweden: 262.3%
9. France: 254.4%
10. Norway: 246.9%
11. Finland: 244.8%
12. Austria: 241.3%
13. Portugal: 207.3%
14. Germany: 183.9%
15. Greece: 178.9%
16. Spain: 169.5%
17. Australia: 139.9%
18. Italy: 136.6%
19. Hungary: 110.3%
20. United States: 104.46%

These countries would have to be full of lunatic mentors to join a sinking ship like the Euro, trashed by ridiculous NHS. Only someone dumb as a pile of horse manure would add an NHS to a flaming runaway inferno like the US Debt to GDP. Oh yeah, the Democrats did. Obamacare.

By Member: ThinkDeep 2012-09-17

Baserds, you freaking Moron:

1- If you give a SQUAT about Debt then you would be for Government run Universal Socialized Health care(NHS), since NHS means spending 50% LESS, repeat for you lunatics, 50% LESS, on health care while everyone having health care. And that is why ALL Conservative parties, repeat for you Republican lunatics & lying US Media, ALL Conservative parties, in Europe, Canada, Israel, etc. are 100% for their NHS

2- The above FACTS are WHY Euro has gained a KINGLY, LORDLY 32% vs US Dollar since its introduction in year 2000 at 1 to 1 to US Dollar, even though it is a DEEPLY flawed currency and that is why it has fallen vs currency of most other developed Nations. Which is ultimate indication that due to you Republican lunatics, US is not a developed Nation and thus lacks something as essential as NHS which would CUT spending & DEBT due to health care by 50%!

3- Obamacare is a JOKE since it is anything but NHS, since it mandates us to buy health care from same Wall Street backed companies that have brought us current bankrupting health care system in US.

By Guest:   cancord 2012-09-17

moreover you freaking Moron, do you realize that Debt a KEY part of Capitalism? That is Governments finance their operation mainly via issuing Bonds (aka Debt) and raising Taxes.

So investors buy a countries Bonds (aka Debt) if they think it is better investment value than putting their money in Cash or Gold, etc.

So a country having a high Debt can mean that investors think it is such a good investment that they rather finance its operations by buying its Bonds rather than putting their money in Cash or Gold, etc. investments. And that country having such willing investors in its Bonds would then rather finance its operations via more Bonds (aka Debt) rather than raising Tax revenues.

All of which FACTS you can see by Euro being KING to US Dollar.

But if you are such a lunatic to be against NHS, something that all Conservative parties, in Europe, Canada, Israel, etc. are 100% support, then I doubt you will have the intelligence to understand these key concepts of Finances.

Gr8 related article here:

By Guest:   sense 2012-09-14

So what happened to "Euro is going to Crash" that Republican lunatics & lying US Media were saying last many month? Because Europe has many more Socialized services, such as Government run universal socialized health care, socialized college education, etc.

And we were telling you WRONG WRONG.
That is EXACTLY because Europeans have many more Socialized services, such as Government run universal socialized health care & college education, etc. than Americans is because their economy and thus currency will do much better than US. Because their people get these essential services for FREE or for nominal fees, for Taxes they pay, and thus both their People & Government spend much LESS, not more, but LESS, on these essential services, which means LESS Debt or Taxes regarding these essential services. Such as while all Europeans have health care they spend 50% LESS than US on health care.

And that is why Euro has NOW gained to a TRULY MIGHTY, KINGLY, LORDLY 31% vs US Dollar since its introduction in year 2000 at 1 to 1 to US Dollar.

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