Who is having the worst economy? Europe or the USA?

[FlyingDutch]

The US, cause it's total debt and liabilities according to the Dallas branche of the Federal Reserve in one speeche admitted openly is $99.3 trillion. Months ago.That's far worse then the $11 trillion national debt.
That's more then 7 times the total GDP , income of the US.

In Europe only two countries performe worse, those are small countries. Iceland and ireland. The total bankdebt of Ireland is 11 times the total economy and in Iceland the last figure was 12 times GDP, but that's already months old data.

The ECB, Europen Central Bank avoided the systematic collapse of the US with many central banks, but now they pump money into it, once you get in, you can't out. sideeffect is that we import a lot of the problems the US financial system had as a result. Cause now europe is also part of keeping it floating, pumping unlimited amounts into the system, we also created more money that are not represented by a growth in production or anything of value, so those lead to monetary inflation in the longer run, wich is covered up right now by tricks. In the US by artificially pumping the dollar up.

Real unemployment in the US according to the methods of calculation of 1980, is 18.5%, not 8.1%. Same is with growht figures and inflation in the Us, methods of calculation are altered for politicians to make them look better, the basket of goods to measue the CPI for instance lacks many major important goods and services people need.
Real inflation in N-america and Europe has been between 6-8% on the last 10 years, based on monetary inflation, wich is larger then real inflation usually. Thats why nobody gained any hrowht in purchasing power on average in the US since the last decades, since the goldreserve was done away with completely. Most increased purchasingpower is due to more hours of working, more people working per family or household, because of shares and increase of housingprices. In Europe the same trend, but it started a little later except for Sweden.
Now those bubbles burst, people find out or will find out that their wages per employee where actually worse then in the past, but that they only felt wealthier because of the just summed up artificial wealth creation.
Also because of borrowing money and spending it on consumerproducts.
If you want to see a good website wich hold to the old way of calculating and explains a lot of what i told here:

Shadow Government Statistics - Home Page

Inflation, Money Supply, GDP, Unemployment and the Dollar - Alternate Data Series

Economist John Williams on Real Unemployment Rate

YouTube - Economist John Williams on Real Unemployment Rate

11/13/2007- John Williams On The Glenn Beck Show

YouTube - 11/13/2007- John Williams On The Glenn Beck Show

ShadowStats.com founder John Williams on M3 Money Supply

YouTube - ShadowStats.com founder John Williams on M3 Money Supply

And the best international forecaster Gerald Celente:

Type in Gereld Celente in Google Video.

Here his website:
The Trends Research Institute® - Tracking, Analyzing and Forecasting International Business Trends

He predicted the crisis and is been extremely accurate for decades.

Here another man with 50 years experience who also predicted it and explains it all, Bob Chapman

The International Forecaster

Others who really tell the truth are Ron Paul, Peter Schiff and Paul Craig Roberts. If you search on these names, via Googlevideo and google, you find all you need in combination wiht the info above. Real economics, unlike the story economists are wrongly taught at schools.
That's so nice about the US, there is always an anti movement of people who really get it and are bright, i'm affraid Europeans are even more slept in.
Eastern Europe is on the verge of Collapse and $400 billion for 2009 is necessary to avoid a metldown, Germany and France already said to be willing to help, to avoid a systematic risk, but this will destroy the EMU system and Euro further.
All currencies are inflatingheavily, because they all inflate, the exchangerates don't differ so much. Eastern Europe is disaster and heavily indebted. They played the same game as former communistic countries like the US, UK and Iceland, thinking to gain wealth by massive borrowing. They overdid it. Western europe got infected via England, via the US and via Eastern Europe.Problem is that Western european natiosn rely heavily on export, now with international trade collapsing, it's a disaster. Problem in the US and UK is that most production is outsourced and they have no real economy left, so if the service economy collapses, all that air, then there is not muhc left. Europe is also quickly de industralizing.

The problem really began in the US and they have the highest debtratio's by far, i'm not talking about the official nation debt,but all total debt.
total debt of more then 7 times the economy is not what any major european economy has, 4 times is already pretty bad in Europe.
How can you pay that back?All low interrest rates will only encourage consumerism more to boost the economy, but thedebtlevels are too high, so consumeism never can be restored anymore. It's more of teh same as the last 10 years where we all got in troubles with and the cause of this crisis, too low interrestrates, too much moneycreation. Derivates going buts, value papers to 1-1.5 quadrillion or 20-30 times the world economy.
Derivates are the true problem, but a taboo, cause if they tell you, economists and politicians, you get in panick.
If they collapse by just 10% they never can create enough money to undo it, then inflation gears up to ver high levels, then interrestrates go to double digits and the economy gets killed or any appearance of a supposed recovery..wich is a smoke and mirror game. Then the economy goes in a very deep depression, and all debt cannot be paid because of those high interrests, but those high interrests are necessary to avoid hyperinflation or a argentien style collapse. For extreme examples look at the Weimahr Republic or zimbabwe today!!
All this leads to consolidation, buying up everything for a penny on a dollar of internationalist globalist bankers, and they already admitted it , even on tv, it's just that 99% of the population has no clue where they talk about!!