Comments by "Joey" (@Joey-ct8bm) on "The Euro Is Failing: Why € Fell Below the $" video.

  1. There's one big thing they forgot in this video. US debt is much higher than that of the EU. They don't have a lot of room to borrow anymore and the EU does. Hence the interest rate being lower. EU debt is 95.6% and US debt is 137.20%. A difference of many trillions. The EU is actually paying off debt and the US is losing money. The richer countries in the EU have 80% debt less than the US. Lets take germany a example. Germany has 66.46% debt to gdp. They've massive amount of room to spend compared to the US. They always say that Germany is in trouble, but they kept their debt low for times like this. They're lending money now. 100 billion for the army and 60 billion for a low energy bill for people. They could hold out for 20 years doing this before their debt percentage hits that of the US. They also be competitive on the market. It's a second way to stay competitive. It's actually pretty smart keeping debt low for times like these. If the US would be Germany it would be in a lot of trouble. The US has nothing to fall back on. They can't even cut social programs because they barely have any.
    2
  2.  @stormysavage1677  That's not even 15% of the total GDP. That's even lower than i thought.
    1