--- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis

all fun and games...

Why are world investors putting on their money on the Chinese and the Germans? what makes these two nations superior?

I think it's about time Germany pulled out of the EU and brought back the much beloved Mark. The normal joe public doesn't give a flying f*ck for the EU and think we'd be better off not being in it at all. All it's brought is worry and taxes. The only people benefitting from the EU are the 'elected' EU politicians, imo.

We've been tricked in this mess by our so called leaders, my friend...Barosso and the other fat cat are acting like everything is under control...these scumbags with their silly ideas are going to destroy our economies...no hiding from that...

True, the system itself is the real problem. But if you want to wait until the sheep wake up, you have to wait a very long time. Better prepare yourself, the British pound doesn’t look good too.

Actually I have nothing against the Finnish. I wish all the best for the scandinavian countries. I have some finnish friends and they are quite nice.
You started insulting my country that's why I reacted like that.
It's true Portugal and Spain are quite fucked. For Portugal it is just a matter of days...and we will be the next IMF slaves. Bye bye public services...

Yes...The land of the No-Doom, just the best no reality place known to man!

I thought Mallorca was already German.

This is going to end bad, my German friend....but this whole fiasco will get lost in all the other piles of shit that will explode in the coming months...this is truly the endgame...

It´s mostly a question of precedence. Once one goes officially bankrupt, it will then be a question of dominoes. So, that will have to be delayed while the corporate owners of governments consolidate and try to hold the line,

They are producing and exporting industrial nations... So the others that consume more than they produce lend their money from us.

Some have to realize that they are broke, Germany and China have to realize that the others will never pay back.

Germany produces the high quality expensive stuff.


and china produces the low quality cheap stuff en mass.

i believe the best way to own the world, is to make it go bankrupt, so you can buy it for dirt cheap.. so inevitably you just shuffle around the dirty laundry endlessly across as many borders and sovereign nations as you can, until finally, there is enough to fuck everyone... i think that's the plan...
i would not invest in the stock market this year. i'd invest in physical commodities and hide them....

Frankly, any country whose leader's name is Jose Socrates deserves to fail.

That's what you get for electing a super-villain.

Hey, wait a minute...Baraq Hussein....shit!

From someone that just happens to work here Portugal is just as the oeverall european countries.
People do work hard,very hard, the problem ain't them and don't come with that north versus south bullshit it won't do, use your brains don't just comb your hair.

Guess who cause this?

Can't blame Greece,Portugal & Co. .....
It's the will of the occupiers that Germany has to transfer its wealth to other countries.
The E.U. was invented to keep Germany down. Same with the Euro. Since Germany is no sovereign nation w/o a constitution there's nothing the Germans can do. It's up to Finland,The Netherlands etc. to end this insanity

You are right about that, but there are other problems in Portugal. Corruption and misuse of the public money are the biggest. Unfortunately getting in the Euro zone was a terrible act for us. We lost our sovereignty and control of our currency. Portuguese people are hard workers but the political parties are corrupt as hell. It is a well oiled machine.

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You and me.


Most people missed THIS STORY in all of the craziness three days ago:


NEW YORK FEDERAL RESERVE CONFIRMS
INTERVENTION IN THE CURRENCY MARKETS
Friday, March 18, 2011

[link to www.chron.com]


The New York Federal Reserve Bank confirmed that it
intervened in currency markets on Friday for the first time
in more than a decade.

The disclosure came a day after the Group of Seven major
industrialized nations pledged in a statement to join in a
coordinated effort to weaken the Japanese yen. The yen has
surged in the last week to post-war record levels following
the Japanese earthquake and tsunami.

A spokesman at the New York Fed, which operates as the
agent of the U.S. Treasury in currency operations,
confirmed that it had intervened. The last time the U.S.
government intervened in currency markets was the fall of
2000 when it sold dollars and bought euros to bolster the
fledgling European currency.


The spokesman refused to provide any details on the amounts
of the intervention or what currencies were involved.


A stronger yen threatened to deal another blow to the
fragile Japanese economy by depressing the country's
exports.

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Will this effect commedities like meat stocks?

True

Wouldn't it be wonderful if Germany just made a surprise statement and said "Right EU Bitches, we're outta here. Cya all on the other side and thanks for all the fish!"

Come on Merkel, grow some hmmm....Balls! I'm sure that the German public would accept the decision, if she came clean about how much of Germany's money is actually being spent holding up the EU, and would be available to be spent within Germany if they pulled out.

GRRRRRRRR.................

Why should there always be growth? Why?

Can we not just accept a balance sheet which has neither debt nor losses? Who does it benefit to have growth?

We dont have any more money to spent in that case! All money we transfer to the troubled countries we need to borrow ourselves.

Also true, the dogma of endless growth is a lie to.

EU will split soon!!

Lucky bastards! I wish our government would collapse!