Who Really Gains from the Euro?

**yunowu** · 23-09-2011, 06:50 PM

Who Really Gains from the Euro?
http://www.theglobalist.com/storyid.aspx?StoryId=9348

Not surprisingly, the Southern members do not tire of arguing that Germany gains the most, obviously to the South’s detriment. As proof, they contend that Germany (and other Northern members) are running sustained and increasing trade surpluses with the Southern members. In effect, Europe’s South argues, it not only creates jobs in Germany but also transfers jobs from South to North.

Sounds familiar, does it not ? Germany is a mini China in Europe...

Is the conclusion of all this truly surprising? The real devaluation of Germany in the eurozone (higher inflation in the South means the Southern countries had a real revaluation and Germany a real devaluation) is not what Germany engineered. Nor does it suit Germany (although it suits the country’s exporters) — and it causes losses in terms of less investment and employment in the country.

**yunowu** · 24-09-2011, 12:06 AM

IMF became a bailout machine ?

**yunowu** · 24-09-2011, 07:31 AM

Geithner and the boys are doing their best to compete for capital..
Bullish Dollar Sentiment Surges By Most In Years, As CFTC-Based Rumors Of Euro Demise Are Not Exaggerated

http://www.zerohedge.com/news/bullish-dollar-sentiment-surges-most-years-cftc-rumors-euro-demise-are-not-exaggerated

**yunowu** · 24-09-2011, 08:45 AM

What Really Ails Europe (and America): The Doubling of the Global Workforce
http://www.theglobalist.com/storyid.aspx?StoryId=4542

Amidst the Great Recession, people are finally coming to grips with the fact that the global labor force has virtually doubled in size in the last 15 years. In this feature from June 2005, Harvard University's Richard Freeman explored what the addition of countries like China, India and the ex-Soviet Union has meant to the global labor pool.

The entry of China, India and the former Soviet bloc to the global capitalist economy is a turning point in economic history. For the first time, the vast majority of humans will operate under market capitalism, with access to the most modern technology.

Ala New World Order..

In advanced countries, real wages and/or employment are likely to grow more slowly than in years past. In developing countries that have traditionally been part of the global economy, manufacturing jobs are at risk.

wage reduction is more likely..

Large numbers of rural workers in China and India could lose from globalization, creating dangers of social unrest, particularly in non-democratic China.

Looking forward to years of social unrest even in China.

The huge number of highly educated workers in India and China threatens to undo the traditional pattern of trade between advanced and less-developed countries.

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