Despite
whatever additional monies that Congress allows the Feds, specifically the IRS,
to bleed out of our wealthy American, our economic recovery and growth will
still be dependent upon the economic recovery and growth of the Eurozone.
LONDON
(CNNMoney) -- The eurozone has slipped into recession for a second time in four
years, as the sharp fall in activity in debt-ridden southern Europe economies
weighed on output across the region.
Eurostat's
first reading of gross domestic product for the three months ended in September
showed a contraction of 0.1% in the eurozone, after a decline of 0.2% in the
second quarter -- confirming the 17-nation currency area is back in recession
for the first time since 2009.
Efforts by
governments and households to reduce debt, rising unemployment
and uncertainty over the fate of weaker members of the eurozone are depressing
activity.
Leading
economies Germany and France managed to eke out modest growth, but the pace of
German economic expansion slowed to 0.2% in the third quarter, from 0.3% in the
second, confirming evidence of a
deceleration seen in export and industrial production data.
France
delivered a positive surprise, posting growth of 0.2% compared with
expectations for a flat performance. But Italy remained stuck in recession and
economists warned that the near-term outlook for the region was poor.
Top 10countries with which the US trades.
For the month of September 2012
The values given
are for Imports and Exports added together.
These Countries represent 66.75% of U.S. Imports, and 60.25% of U.S. Exports in goods.
These Countries represent 66.75% of U.S. Imports, and 60.25% of U.S. Exports in goods.
Year To Date
Total
in Total in
Billions Billions
Country Name of
U.S. $ of U.S. $
Canada 50.21 462.30
China 46.64
389.76
Mexico 39.66
369.48
Japan 17.16
162.77
Germany 13.54
116.74
UK 8.78
83.15
Korea, South 8.13 76.72
Brazil 6.26
57.53
France 5.71 54.19
India 5.55
47.53
So, in order for America to be successful economically
without going to the expense of developing new trading partners, we need (AS A
COUNTRY) to make sure that the economies of these countries stay healthy and
grow, as their success is our success despite any disputes we might have over
our different political and spiritual beliefs, cultures, and lifestyles.
On Friday, November 16, 2012, we learned from The Telegraph:
Greece
will eventually need another debt writedown, the head of Germany's central bank
has said, as IMF managing director Christine Lagarde urged Europe's leaders to
forge a deal next week to help the country get "back on its feet".
The chairman of China's $482bn (£303bn) sovereign wealth fund has warned that the eurozone's current strategy to tackle the debt crisis is "leading us up a blind alley".
French officials angrily rejected a charge by The Economist on Friday that France was the "time-bomb at the heart of Europe", accusing the magazine of sensationalist journalism.
A crucial meeting of eurozone finance ministers next week will be key to getting Greece "back on its feet", IMF chief Christine Lagarde said, as she cut short her visit to Asia to attend the talks.
 |
| Eurozone demonstrators... |
What is really
amazing to me and perhaps it is because the same issues are happened first in
the US is the fact that our so called Business Leaders, Elected Officials,
Banks, Real Estate Firms, Insurance Companies and Investment Brokers
collectively not only “screwed” the average American but placed us all in a
position where the only way that we can survive is to accept less of a salary
or wage while simultaneously lowering our lifestyle while all the “HAVES”
continue to live like they always have.
In countries like
Greece, we are seeing citizens being forced to accept less of a wage as the
government cuts back on its expenses.
Why should WE
suffer because of the arrogant, greedy mistakes of the wealthy?
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