The Hundred Years' German War
Short and sweet yet again.
This is really an eye-opening article. It hits that proverbial nail on the head, and we here in the United States should "start saving..."
We've lost our way with this consumer society mentality. Time for us to get back to being a manufacturing might once again. Read this paragraph:
"Germans on average worked harder and smarter than their European neighbors -- investing rather than consuming, saving rather than spending, and going to bed when others to the south were going to dinner. Recipients of their largesse bitterly complain that German banks lent them money to buy German products in a sort of 21st-century commercial serfdom. True enough, but that still begs the question why Berlin, and not Rome or Madrid, was able to pull off such lucrative mercantilism."
Monday, December 19, 2011
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