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Europe versus the US ('..has nearly bankrupted itself..')

Posted by ProjectC 
(During the reorganization) - Trade: Greece, Turkey, Egypt, Italy

<blockquote>'The ECB and Germany remain firmly committed to their 'no money printing to bail out..' The US is for instance 'relevant' on the global scene militarily and has nearly bankrupted itself..'

- Acting Man (Source, November 22nd, 2011)</blockquote>


Context

<blockquote>The Problem of Fractional Reserve Banking, Part 2, July 11th, 2010

'..the Bundesbank stares across the Atlantic and sees disaster in the making.'

'The future of the euro..' - Banks '..shrinking their balance sheets..' - 'China's Imminent Bust'</blockquote>