Sovereign Debt Problems - United States Or Europe, Who Is Worse Off?

ByTom Genot

America has a very big problem, due to the financial analysts who calculate and report the US Governments debt. They only look at parts of the fiscal equation before rendering their reports. They only factor in debt where the US borrowed money. In essence where the Federal Government has sold Treasury Bonds. Financial analysts don't factor in other important government debt or obligations. Such as $6 trillion in loan obligations from Fanny Mae and Freddie Mac, which are guaranteed by the Government. Or over $1 trillion in student loans that again are guaranteed by the Federal Government. The US is required to pay on these loans in the case of default.

The reality right now is that more and more student loans and home mortgages are being defaulted on every day. But none of this debt is included in the national debt or GDP numbers. Next in line comes Social Security and Medicare obligations which also are not factored in. This is real debt that amounts to an additional $3 trillion plus dollars. Then as a nation no one factors in the debt created from the individual states that the Government is obligated to pay for. If these real numbers were actually included to determine the true US Debt and GDP numbers, then the United States would actually be in worse fiscal shape than Greece. Currently Greece is the highest indebted country within the euro zone.

What is currently happening today due to the weakness in the euro, its giving strength to the dollar under the wrong conditions. People in masses are dumping the euro and buying dollars as a safe haven asset. This allows the interest rates to be very low for the US Government to borrow more money. This creates an illusion that the US economy is in better fiscal condition than the other economies in Europe. The massive problems in Europe are currently mainstream. This is what everyone is looking at and paying more attention too.

Unfortunately this also diverts attention from the United States making it appear America is in a much better financial situation. It is only a matter of time before the real truth is apparent. The US dollar is still the worlds reserve currency, being used and traded daily in many countries. Once the house of cards that America is currently building itself upon comes crashing down, it will destroy the dollar and not only take the United States out but many other economies with it.

Gold and silver are currently still trading at enormous discounts. It's an exceptional time and opportunity currently to invest in these safe haven assets. Once the European and American economies collapse, very few hard assets will remain that will hold their true value. Investing in physical gold and silver today will insure your financial future tomorrow and beyond.

Tom Genot -

For information, news, articles and videos to invest in gold and silver and where the best places are to buy it. You will also find information for preparing and protecting you, your family and your assets from the pending economic crises and destruction of the US. Dollar. Author Tom Genot provides information and resources helpful to everyone. Insure your prepared beforehand, check us out at www.coinbullion.net.

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Email Address:SubscribeEconomics Article FeedFind More ArticlesSearchSimilar ArticlesWill the Euro Currency Bloc Fail?The Gig Is Up, Over And Done2011 Economic Forecast-Part 1: The World Forecast From a US PerspectiveRecent ArticlesUsing The Yield Curve Data To Predict GDP GrowthUnited States Economy Becoming More Like Germany in the Near Future?What Is Quantitative Easing and Does It Work?Student Loans Leading To More BankruptciesThe Four Economic SeasonsUS Economic Trends for 2012How to Compete With a Computer in Economic AnalysisGlobal Economic Trends for 2012The Risks of Being a LenderBaby-Boom BombSubmitted On January 20, 2012. Viewed 7 times. Word count: 473.

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Failure of the single currency in Europe

Posted: Dec 08, 2011 |Comments: 0 |

I am 62, not an economist or a politician thank god, but I am a businessman and have worked for the past 45 years in four different careers. From a cartographer in the public sector for the first 4 years, then as a parts manager in a garage for 3 years, then as a salesman to managing director for an automotive aftermarket specialist that I helped build into the market leader in a 20 year career, latterly I have worked for 18 years as an independent trainer and management consultant.

I consider myself reasonably intelligent, but more street wise than academically so. I write a bit but read a lot more. I might not be as qualified as some to comment on the situation in Europe at the moment, but think there are one or two points that those eurocrats in all their blind ambitions have missed.

The point I am coming to is that in joining all 17 of the EU's euro zone countries together under one set currency doesn't allow for adjustments to be made for successful verses unsuccessful economies.

Take the example of Greece verses Germany, one has the most successful economy in Europe the other country has one of the worst performing economy's.  I am not going to cover the reasons why as that is not my remit here. In the good old days the drachma would have been devalued several times now and when compared to the deutschmark, which in the same time would have been revalued in the opposite direction. There would be several drachmas to the deutschmark.

Under the present system one Euro in Greece is the same value as one Euro in Germany, how can that be right? It might have been ok for a few months even possible to cover the discrepancies up for a few years as they did. But most (not all) of the problems with the Euro in Europe today is just this point. There is no working mechanism for adjustments to be made.

The EU has 27 different countries whose economies are working at different rates with different results. The Euro zone has 17 and either it all has to become one country (which is the Eurocrats secret agenda) or there should be a two or better a three tier system to allow for these differences to take place.

Johnny Herbert

Retrieved from "http://www.articlesbase.com/economics-articles/failure-of-the-single-currency-in-europe-5467041.html" John Herbert - About the Author:

John specialises in Sales Skills, Major Account and Sales Leadership training and is the author of TURN the Sales Questioning Technique. After twenty years selling at all levels in industry, and since 1993 John has run his own training business and developed, written and delivered many training programmes, to thousands of delegates covering a multitude of markets but mainly in sales, from blue chip clients such as Securicor Omega Express, Heidelberg UK, Parker Hannifin Plc. and Omron Electronics to SME's such as Jenrick Plc. Camberley Auto Factors, Lloyds tsb, Peapod UK. Cobalt Telephone Technologies and Ondemand Recovery.

Questions and Answers Ask our experts your Economics related questions here... Ask 200 Characters left How many countries use the euro currency? If econnomy eurozone need to recover why kep euro strong against usd and make dificukt to export and industry in general? If we keep euro at 1,15 or 1,25 to USD economy in Europe would export and revi I am iranian living in europe like to visit dead sea in jordan can you please tell me if any of iranian travel agent in europe have such a tour.....belgium germany holland or france merci Rate this Article 1 2 3 4 5 vote(s) 0 vote(s) Feedback RSS Print Email Re-Publish Source:  http://www.articlesbase.com/economics-articles/failure-of-the-single-currency-in-europe-5467041.html Article Tags: euro, currency, europe, economy, two tier europe, germany, greece, eurocrats, single currency Latest Economics Articles More from John Herbert Progressivism Isn't Progress, VIII

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By: John Herbertl Business> Salesl Jul 27, 2011 Discuss this Article Author Navigation My Home Publish Article View/Edit Articles View/Edit Q&A Edit your Account Manage Authors Statistics Page Article Widget My Home Edit your Account Update Profile View/Edit Q&A Publish Article Author Box John Herbert has 13 articles online Contact Author Subscribe to RSS Print article Send to friend Re-Publish article Articles Categories All Categories Advertising Arts & Entertainment Automotive Beauty Business Careers Computers Education Finance Food and Beverage Health Hobbies Home and Family Home Improvement Internet Law Marketing News and Society Relationships Self Improvement Shopping Spirituality Sports and Fitness Technology Travel Writing News and Society Causes & Organizations Culture Economics Environment Free Journalism Men's Issues Nature Philosophy Politics Recycling Weather Women's Issues Need Help? Contact Us FAQ Submit Articles Editorial Guidelines Blog Site Links Recent Articles Top Authors Top Articles Find Articles Site Map Mobile Version Webmasters RSS Builder RSS Link to Us Business Info Advertising More Languages: Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
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Business World News Asian stocks fall on Europe crisis pessimism

Posted: Dec 08, 2011 |Comments: 0 |

:
Date December 08 , 2011
Asian stocks fell as hopes faded that a bold solution might be found to a crippling debt crisis.

Asian stocks fell Thursday as hopes faded that a bold solution might be found to a crippling debt crisis that is threatening to drag Europe into a deep recession.

Benchmark oil rose above $100 per barrel while the dollar fell against the euro and the yen.

Japan s Nikkei 225 fell 0.6 percent to 8,670.82, dragged down by weaker-than-expected machinery orders. South Korea s Kospi lost 0.3 percent to 1,913.69 and Hong Kong s Hang Seng shed 0.7 percent to 19,111.64.

Australia s S&P/ASX 200 dropped 0.2 percent to 4,286. Benchmarks in Singapore, Taiwan and India also fell. Mainland China and Malaysia rose.

One point of friction has surfaced over a proposal by French President Nicolas Sarkozy and German chancellor Angela Merkel, leaders of the two economic powerhouses among the 17 nations that use the euro. They are demanding far-reaching changes to the treaty governing the European Union to enforce fiscal discipline among its members.

That proposal is being met with resistance by the European Council, an institution that defines the priorities of the entire 27-nation EU. Its president, Herman Van Rompuy, favors going a simpler route amending existing rules that apply to the 17 euro countries to avoid the trickier step of requiring every country to approve the new treaty.
The disagreement has soured hopes for an immediate solution to the crisis.

"Normally this kind of talk would take place behind closed doors. The fact that it s in the open suggests it already has and normal channels have, at least temporarily, broken down," analysts at DBS Bank Ltd. said in a research note.

Additionally, certain provisions in the Franco-German proposal, such as setting automatic penalties for countries that overspend, are controversial and have the potential to delay an agreement.

Urgency was added to the situation Wednesday when ratings agency Standard & Poor s threatened to downgrade the bonds of all EU countries because their economies were intricately linked with the 17 nations that use the euro.

The intensifying debt crisis and lack of radical solution such as the issuance of eurobonds have roiled global stocks for months. Germany has resisted eurobonds due to fears that pooling debt would drive up its own borrowing costs, expose its taxpayers to the bad debt of weaker countries, and remove incentives for struggling nations to get their finances in order.

"Germany and the rest of Europe are going into two directions. The rest of Europe wants Germany to stand behind the euro but Germany does not want to be the lender of last resort," said Francis Lun, managing director of Lyncean Holdings in Hong Kong. "Because it ... will be the German taxpayer to foot the bill and I don t think that s what Germany wants."

Asian shares faced multiple headwinds. Australia unexpectedly eliminated 6,300 jobs in November. Most economists had predicted total employment would rise by 10,000.

Meanwhile, Japan s core private-sector machinery orders fell a seasonally adjusted 6.9 percent in October, the second consecutive month of decline. Financial markets had expected a 0.5 percent increase, Kyodo News Agency reported. That hurt industrial shares such as Nippon Steel, which lost 1 percent, and industrial supplier Mitsui & Co., down 1.5 percent.

Tokyo Electric Power, operator of the crippled Fukushima nuclear power plant, plunged 7.6 percent after a news report said the government is set to effectively nationalize the utility.

Samsung Electronics rose 2 percent, as Citigroup Global Markets rated its stock "a buy," saying it was expected to be the only profitable major display panel maker in the fourth quarter of 2011.

On Wall Street, the Dow rose 0.4 percent to close at 12,196.37. The Standard & Poor s 500 index rose 0.2 percent at 1,261.01. The Nasdaq composite index fell marginally to 2,649.21.

Benchmark oil for January delivery was up 13 cents to $100.62 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 79 cents to end at $100.49 per barrel on the Nymex on Wednesday.

In currencies, the euro rose to $1.3404 from $1.3394 late Wednesday in New York. The dollar fell slightly to 77.64 yen from 77.66 yen.

Retrieved from "http://www.articlesbase.com/economics-articles/business-world-news-asian-stocks-fall-on-europe-crisis-pessimism-5467334.html" Worldnews - About the Author:

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Swan added that Australia s economic fundamentals remained strong "but as this decision shows, we are facing turbulent times in the global economy with serious risks arising from Europe".Retailers had been calling for a rate reduction to help bolster tepid sales heading in the final few weeks of 2011 and Australian National Retailers Association chief executive Margy Osmond welcomed the move.

By: Worldnewsl News and Society> Culturel Dec 07, 2011 Discuss this Article Author Navigation My Home Publish Article View/Edit Articles View/Edit Q&A Edit your Account Manage Authors Statistics Page Article Widget My Home Edit your Account Update Profile View/Edit Q&A Publish Article Author Box Worldnews has 13 articles online Contact Author Subscribe to RSS Print article Send to friend Re-Publish article Articles Categories All Categories Advertising Arts & Entertainment Automotive Beauty Business Careers Computers Education Finance Food and Beverage Health Hobbies Home and Family Home Improvement Internet Law Marketing News and Society Relationships Self Improvement Shopping Spirituality Sports and Fitness Technology Travel Writing News and Society Causes & Organizations Culture Economics Environment Free Journalism Men's Issues Nature Philosophy Politics Recycling Weather Women's Issues Need Help? Contact Us FAQ Submit Articles Editorial Guidelines Blog Site Links Recent Articles Top Authors Top Articles Find Articles Site Map Mobile Version Webmasters RSS Builder RSS Link to Us Business Info Advertising More Languages: Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
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Sovereign Debt Problems – United States or Europe, Who Is Worse Off?

Posted: Jan 20, 2012 |Comments: 0 |

Recently Standard and Poor's downgraded 9 European Countries including the number two EU member France. For now, it seems the number one EU economy Germany is off the hook. There are six Euro-zone Countries that currently have equal or greater debt to GDP ratios than the United States. Greece and Italy currently have higher GDP ratios while Ireland and Portugal are just about the same as the US. Currently the United States is at 100% Debt to GDP. 

A big problem for America is that the financial analysts who do all the reporting on the United States debt and calculate all the financial data, only look at parts of the fiscal equation to render their reports. They mostly only factor in debt where the US borrowed money, where the Federal Government has sold Treasury Bonds. Financial analysts don't factor in other important government debts or obligations. Such as $6 trillion in loan obligations from Fanny Mae and Freddie Mac, which are guaranteed by the Government. Or over $1 trillion in student loans again guaranteed by the Federal Government. The US is required to pay on these loans in the case of default.

The reality right now is that more and more student loans and home mortgages are being defaulted on every day. But none of this debt is included in the National Debt or GDP numbers. Then there is Social Security & Medicare obligations which again are not factored in. This is real debt that amounts to an additional $3 trillion plus dollars. Then as a Nation no one factors in the debt created from individual states that the Government is obligated to pay for. If all these factors were included in the real numbers used to arrive at the US Debt & GDP, the United States would actually be worse off financially with a higher debt to GDP ratio than Greece, which is the Euro-zone's highest indebted country.

What is currently happening today due to the weakness in the euro, is giving strength to the dollar (under the wrong conditions). People in masses are dumping the euro and buying dollars as a safe haven asset. This allows the interest rates to be very low for the US Government to borrow more money. This creates an illusion that the US economy is in better fiscal condition than the economies of Europe. The massive problems in Europe are currently mainstream; this is what everyone is looking at and paying more attention too.

This diverts attention from the US making it appear America is in a much better financial situation. It is only a matter of time before the real truth is apparent. The US dollar is still the world's reserve currency, being used and traded daily in many countries. Once the house of cards America is currently building itself upon comes crashing down, it will destroy the dollar and not only take out the United States but many other economies with it.

Gold and silver are currently still trading at enormous discounts. It's an exceptional time and opportunity currently to invest in the best forms of safe haven assets being gold and silver. Once the European and American economies collapse there truly will be very little left that will hold its true value. Investing in these precious metals today will insure your financial future tomorrow and beyond.

Tom Genot -

Retrieved from "http://www.articlesbase.com/economics-articles/sovereign-debt-problems-united-states-or-europe-who-is-worse-off-5588413.html" Tom Genot - About the Author:

For information, news, articles and videos to invest in gold and silver and where the best places are to buy it. You will also find information for preparing and protecting you, your family and your assets from the pending economic crises and destruction of the US Dollar. Author Tom Genot provides information and resources helpful to everyone. Insure your prepared beforehand, check us out at www.coinbullion.net.

Questions and Answers Ask our experts your Economics related questions here... Ask 200 Characters left How many presidents of the united states of america? How many cities in the united states of america ? How many people are in the united states of america ? Rate this Article 1 2 3 4 5 vote(s) 0 vote(s) Feedback RSS Print Email Re-Publish Source:  http://www.articlesbase.com/economics-articles/sovereign-debt-problems-united-states-or-europe-who-is-worse-off-5588413.html Article Tags: sovereign debt, united states, europe, eu, debt, us debt, national debt, gdp, eu economy, federal government, us dollar, euro zone Related Articles Latest Economics Articles More from Tom Genot Economy of Pakistan

Economic history First five decades Pakistan was a very poor and predominantly agricultural country when it gained independence in 1947 from Britain

By: echol Business> Industriall Jul 09, 2010 lViews: 711 Progressivism Isn't Progress, VIII

It sounds like "progress," but that's only one example of how they deftly make one thing look (or sound) like another in order to produce the desired emotional effect. Everyone likes progress! But few people realize that progressivism is about as far from progress as tyranny is from liberty....

By: Michael Humel News and Society> Economicsl Jan 24, 2012 Occupy Wall Street movement against financial inequality gains momentum

In order to narrow the gap between the rich and the poor, people come forward with a slogan "You are the 99 percent, we are the 99 percent." AS the American government always backed the rich people, rich become wealthy and poor become poorer.

By: annphilipl News and Society> Economicsl Jan 24, 2012 Significance of Foreign Direct Investment on Developing Countries

The foreign direct investment can increase growth in two ways. The investment increases total investment by attracting higher levels of domestic investment. Also, through interaction of the more advanced technology with the host country's human capital, foreign direct investment is more productive than domestic investment.

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Some ways to prepare your family for disaster when kids are involved. Tips to ensure your family's safety.

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After acquiring Omega Ro, a leading name in the logistics industry of Romania, Ekol Logistics, one of the largest integrated logistics firms of Turkey, now adds Germany - Arad (Romania) line to its existing intermodal train service between Worms - Trieste.

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By: Tom Genotl Finance> Personal Financel Jan 12, 2012 The US Dollar and Euro vs. Gold and Silver

Gold does not have very many industrial applications or everyday uses in general. However the one thing gold has always been good for, is value protection. Throughout history gold has always maintained its true value regardless, the economic circumstances it encounters. Currency devaluation is always accompanied by inflationary monetary policy.

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The United States is in the throes of crushing debt, politicians are not doing a good job at all reducing the amount money the government is spending and the national debt only increases day by day.

By: Tom Genotl News and Society> Economicsl Dec 31, 2011 Silver's Price Manipulation

Price manpulation on silver has been an ongoing problem for decades. Here is one such way markets have always been able to keep silver prices surpressed. What is the safest way with the least amount of risk for you to invest into precious metals?

By: Tom Genotl Finance> Investingl Dec 25, 2011 Discuss this Article Author Navigation My Home Publish Article View/Edit Articles View/Edit Q&A Edit your Account Manage Authors Statistics Page Article Widget My Home Edit your Account Update Profile View/Edit Q&A Publish Article Author Box Tom Genot has 20 articles online Contact Author Subscribe to RSS Print article Send to friend Re-Publish article Articles Categories All Categories Advertising Arts & Entertainment Automotive Beauty Business Careers Computers Education Finance Food and Beverage Health Hobbies Home and Family Home Improvement Internet Law Marketing News and Society Relationships Self Improvement Shopping Spirituality Sports and Fitness Technology Travel Writing News and Society Causes & Organizations Culture Economics Environment Free Journalism Men's Issues Nature Philosophy Politics Recycling Weather Women's Issues Need Help? Contact Us FAQ Submit Articles Editorial Guidelines Blog Site Links Recent Articles Top Authors Top Articles Find Articles Site Map Mobile Version Webmasters RSS Builder RSS Link to Us Business Info Advertising More Languages: Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2012 Free Articles by ArticlesBase.com, All rights reserved. Powered by the Parse.ly Publisher Platform (P3).

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