View Full Version : My answer to the banker... agree or no?

06-14-2011, 12:04 PM
I was able to attend the 6th and final game of the NBA Finals, as the guest of the boss of the boss of the guys I have hired in a too-big-to-fail bank's wealth management team. A surprisingly young man, maybe in his early 30s. Great seats, sitting just ahead of Don Carter and his wife, whom you saw if you watched the trophy award ceremony.

At half time, this banker and I were out getting beers, and he said to me, whatever political side you're coming from, you simply have to admit that there is no example of a successful mixed social welfare economy in the world.

My answer? 'What about GERMANY?' (I could have added Sweden and Norway as well.)

He didn't disagree, but said he didn't know much about Germany.

There is much we could learn about an economy from Germany, as they have stuck with a high wage, high benefit, high social safety net spending model, rank second in exporting in the world, have strong unions that sit in significant numbers on all their corporate boards of directors, etc.

Agree or not?

06-14-2011, 04:19 PM
There are praps 10 types of world rankings of countrys. Theusofa sits at about No4 to No 34.
I am thinking that every country listed abov theusofa on every list iz more socialist than theusofa.

06-14-2011, 04:21 PM
Successfull -- What duz it meen?????

06-14-2011, 04:24 PM
Germany, like all of the Euro socialist democracies, has never had to live in the real world. They are analogous to the spoiled son in law of a CEO who gets a position he in no way deserves.

Germany's economic miracle happened because the US rebuilt their country following WWII ... because the US shouldered the overwhelming majority of their defense costs for the last 66 years, and kept the Soviet bar out of their panty ... because the US has shouldered the costs of defending their trading lanes ... because the US has loaned them billions which were later forgiven ... because their medical system was largely developed by US investment ... I could go on and on.

The bottom line is that if the US ever cut the Euros loose to fend on their own, they would almost certainly devolve back into the war mongering capitol of the world.

06-14-2011, 04:26 PM
Germany haz lots of efficiency. Theusofa haz lots of waste.

Krappynomix = waste (Germany, theusofa -- allmost every country follows krappynomix).
Religion = waste (Germany haz a religion-tax, not good).
Unions = waste (But somehow Germany's unions aint so bad).

06-15-2011, 02:14 PM
Well, no.

There was no Soviet threat to Western Europe. That was the hallucinatory bad intel from Gehlen's Org, probably designed to cripple both the US and the Soviets in an arms race to the future benefit of the 4th Reich. (Phase two is now well underway, if you haven't noticed, after the fall first of the Soviet empire.)

The dirty fact is, Germany was held cut in two by US and its other European allies' intentional policies, to prevent THEM from once again threatening all other European powers, and the USSR. We talked a good game about reuniting the two Germanys, but that was not our real position or attempt to accomplish.

Certainly AFTER the fall of the hated wall of separation which effectively marked the end of the cold war and the end of the Soviet empire, Germany did the hard work all on their own of reintegrating the East German people and economy.