by Pater Tenebrarum, Acting-Man.com:
April Fool’s Day Has Become a Permanent Feature
There must be something in the water. After the world was forced to endure the almost physically painful nonsense emanating from various Japanese officials on the alleged benefits of its clearly failing monetary debasement program, it is the EU’s turn to prove it is run by a bunch of economically illiterate nincompoops (to put it as politely as possible).
They are complaining about Germany, the only country that actually still has the economic strength to possibly keep the rickety euro zone from blowing sky high should the debt crisis return. Specifically, they are complaining about the fact that people the world over love to buy German products, while Germany’s citizens concurrently like to save, which leads to Germany sporting a large trade surplus. The other side of this trade surplus are of course Germany’s capital exports and investments abroad, about which we have as of yet heard no complaints uttered by anyone.
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