Paul Krugman slams Irish for voting Yes, predicts collapse of Euro

@GeorgeDillon: Georgie Boy everyone in this forum knows that you are an ignorant fool, but what I did not know until now is that you are absolutely clueless about the difference between left and right.

Living in the U.S. I predicted in 2006 that financial trouble was coming. Too much credit-card spending. Too much house buying with no-money-down and goods made-in-china were everywhere. Today's solution for U.S. AND Europe.[we are China's market] SO a massive cut back on imports from China. Make the goods ourselves and the U.S. and Europe trade more with each other and put it's citizens back in work. In the last ten years many manufacturers from Europe and the U.S closed their factories and moved to China. Western governments need to stand-up and protect it's citizens.Go to your local government politician and demand action. Go to their house, no more excuses.

Being right for all of the wrong reasons, Krugman is a fraud and admits it.

Seagreen, by the end of the business cycle, the Chinese investment in Athlone, will be followed by the Japanese, Europeans, and Americans, will they not? Krugman's announced demise of Europe keeps an American election close, and its aftermath irrelevant - not to mention irreverent.

Just returned from Japan, Am not qualified in international economics in any way, so no opinion. A Japanese engineer commented to me (without malice) that The US and Europe are trying to maintain a standard of living as ever , while not practicing national capitalism, but while doing so on an international level. A relative few using the system to draw money and resources from countries that will allow them to do so ! This has allowed huge sums to be financially relocated with impunity Yes China at some point will make a move eastward, physically also. Taiwan is history.. The US military rape of the twelve year old girl in Okinawa two years ago, has done more dammage than any battle, and eventually will result in all Americans out of Okinawa (5000 have just been transferred to Guam) China has our money, they have Europe's money, they will do with it what is good for China! When the dust settles, we may actually have to live a lifestyle that we can actually afford to pay for.

Krugenholstein is a liberal economist who works for a liberal rag. However, in this case, he appears to make a point. If the Euro fails, what will replace it? It sure won't be the dollar. The Chinese are jockeying to take over the world economy just like the Roman Empire. They are putting workers in projects all over the world. Ireland will get 20K. Detroit has a proposal for another 20K. You put that many young men in one place who march to work every morning in formation and what do you have? It is called in the words of Julius Caesar, an invading army, with the nerve center in Shanghai. They are just doing economically what Adolph Hitler tried to do militarily in creating a world economic system. America is deteriorating just like Europe and that is the agenda of the Chinese.

The only thing keeping the Euro alive is NATO and Cheap Immigrant Filiality !

nobody cares what this loonie thinks.

"A note to the ignorant right-wing posters". You're the only right-winger I see here, hassny. And you're pretty ignorant too!

Krugman is right most of the time on the US economy, but he is mostly wrong on the euro. While the PIGS may well crash out of the euro, the common currency will survive among the core euro-countries because it makes economic sense. A note to the ignorant right-wing posters in this forum: the euro has nothing to do with left or right politics, economic or otherwise.

Irish central's favorite economist, no surprise.

Let's see, Orcas...Paul Krugman has a Nobel in economics, you don't. He said there was a housing bubbles and was right. He said the stimulus in the US was not enough to restart the economy, and was right. He called the actions of the EU damaging and showed they would lead only to more debt and chaos, and so far that's been the case. What's your argument in response? SOCIALIST! Yeah, we really ought to pay attention to you and your ilk and not to the man who has, so far, been correct. Idiot.

Krugman is a zealous leftist with a closed mind. I watch him regularly on Sunday morning round-tables. He is smugly dismissive of any opinion that does not is lock-step with his own. Once he's made up his biased mind, he can't be bothered with the facts.

Ireland, like Spain allowed banks and developers to construct excessive amounts of residential and commercial developments at outrageous prices all over the country. Traveling in Ireland in the mid 90's one could see the expansion of highways, the creation of rather gated communities and a building boom that could not be sustained. The assumption was that the properties would be sold to other Europeans, Canadians and those from the States. It was an absurd assumption allowing thousands of immigrants in to help build these sterile communities. Now they stand half built, half empty and boom has gone bust. The lack of government regulations and control allowed this madness, everyone looking for a fatter pocket book. Now many of the properties are on the auction block but many of us are with limited funds attempting to hang on to what we have and not thinking of purchasing properties which are often half their original selling price. Unemployment, and absurd austerity program and new taxes will do little to enhance or stimulate the economy. We'll return to the Punt in a year or two and through off the yolk of the EU.

How strange! Krugman doesn't like anything that doesn't go along with the socialist agenda. I don't understand why he hasn't realized yet that socialism only works as long as there is other people's money to spend.