What is the main difference between Europe and America?

What is the main difference between Europe and America?

The location of the financial assets.

Banks dominate finance in Europe, especially in the struggling south.

Some 85% of financial assets  in Italy, 87% in Spain and 96% in Greece are held by banks and other credit institutions, compared with less than 30% in the U.S. So when the banks don't lend, European economies can't grow.

Even if U.S. banks are struggling, U.S. companies can raise funds from the markets.

When fiscal and monetary policies do not work.

When fiscal and monetary policies do not work.


No matter how many quantitative easing programs  you can use.

In 2006, 63.4% of the American working-age population was employed. That percentage declined to a
low of 58.2% in July 2011 and now stands at 58.6%.

Freedom and security never matched

Freedom and security never matched

According to the US Government:

Every time  Americans makes a call, the US Government  gets a record of the location, the number called, the  time of the call and the length of the conversation.

Every time  Americans send and email or visit a website the US Government gets a record of it.

Every time  Americans pay with a credit card the US Government  gets a record of it.

Every time  Americans create information the US Government "maps" individuals connected  with that information.

The US Government surveillance of people is breathtaking.

 Is the US Government out of control?

Why poverty in America is concentrated most heavily in the mid-western states and old industrial north east?

Why poverty in America is concentrated most heavily in the  mid-western states and old industrial north east?

Because few rural areas are experiencing population growth

According to the Department of Agriculture 15 per cent of the US population spread across 72 per cent of its land area and those aged 65 and over account for 15 per cent of  the rural population but 12 per cent of population  nationally.

Economics is not a highly sophisticated field of thought.

Economics is not a highly sophisticated field  of thought.

You don't need to be an economist to know  what was wrong in the past.

And about the future, careful economic analysis  and data are unable to kill personal interest and ideology at time of making tough choices.

Another victim of Fed exporting inflation overseas:

Another victim of Fed  exporting inflation overseas:

Turkey

Inflation rate (consumer prices):
9.1% (2012 est.)

SOURCE: 2013 CIA WORLD FACTBOOK

Another typical effect:

Antigovernment protests spread as more than  100,000 people took to the streets across Turkey.

Every government knows that the only way they do anything is the way they've always been doing it:

Every government knows that the only way they do anything is the way they've always been doing it: proposing to expand its reach into  the existence of a massive government.