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*** BREAKING: P I I G S TECHNICAL DEFAULT? ***

 
Anonymous Coward
User ID: 1462230
United States
07/10/2011 11:53 AM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
At least we are not in denial, unlike the USA??
 Quoting: Anonymous Coward 907315



As an Irish Amero can, I am a bit dissapointed that the GOOD OL Fighting Irish are layin down takin it up the wazoo instead of running these crooks out on a rail! I mean USA at least I understand but u guys? Shame... Erin go broke
 Quoting: felixthegato 1461942




fighting irish? you mean the guys who wear skirts?
Anonymous Coward
User ID: 1293349
United States
07/10/2011 11:54 AM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
What's lovely is that the majority of people on GLP are asking for the same thing. I'd like to write out what I see the world should be looking at.

1. Different system to the current monetary/tax/debt/slavery to currency.

2. Release of technological advances which have been kept from the public.

3. Freedom to put who we really want into leadership positions.

4. A reverse of this ever tightening 'security' noose on our freedoms.

5. Freedom to choose our lifestyles, independent of a common system.

6. Revert back to common law.

7. Freedom to grow crops and eat what we choose - and freedom to decide what not to eat.

8. Removal of the penalties and controls placed upon us all by huge commerce and corporations.

9. Alteration of the current work ethic; life is more than work.

10. More spare time to devote to philosophical matters, care for the Earth and one's fellow man.

11. An end to all those wars that are generated for: The benefit of those who orchestrate aggression for financial profit, to steal the wealth of a nation or, to concentrate power and control to the few or, to weaken a nation because it is thriving and successful.

12. Yes, a common, combination, worldwide law system. Leaving the customs of people and nations intact.

13. A recognition and implementation of a new law which states that: Everyone born to Earth has a right, day one of their lives, to a (proportional per populace) claim to estate of Earth without working for it. Thereby, distributing fairly, the benefits reaped from trade, plantations and minerals hereon. With this also, will be responsibility for the health of their portion.

14. Positions of power can only be obtained through consensus of the world's population, under a lawful judgement that; an individual or group has furthered for the better, the future of mankind, the health of the Earth, our health and our children's health and well-being. This must not be created by the false prosperity mechanisms that we see at work today.

The above would replace the monetary system and reinstate truth, and better the ethics of humanity.
 Quoting: Anonymous Coward 1403425


++++ 1,000,000!!!
Anonymous Coward
User ID: 1458480
Greece
07/10/2011 11:59 AM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
Can you give me the P I I G S for dummies version
 Quoting: Anonymous Coward 1289603


Portugal
Ireland
Italy
Greece
Spain


They be the oikners
 Quoting: Anonymous Coward 519048


I can also you give you the FAGS version:

FAGS:

F rance
A usria
G ermany
S weden

They FAGS, having sucked our blood, then labeled us 'PIGS', and now want to make us their slaves. Fuck you, neo-Hitlers.
Henrique

User ID: 1462257
Brazil
07/10/2011 12:14 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
bump
Anonymous Coward
User ID: 1242234
Iceland
07/10/2011 12:15 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
Spain and Italy are the real problems and already toast ..... but please don't tell them ....they like to dream with soccer and girl scandals !!
The others are just little pigs crying out loud and distracting us !!

ohnooops2
 Quoting: Anonymous Coward 1443902


I don´t know about Italy. Since about 95% of their govt. debt is owed to Italian entities, I don´t see them defaulting any time soon.

[link to www.istat.it]
 Quoting: Anonymous Coward 1242234


cruise

Yes, you are ..parcially right ....but just WAIT to see their hidden debt .......just as Spain !!
Read my lips : COMPLETeLY TOAST !!
Please , don´t tell them : they have had the perfect distractions : soccer , fiesta , girl scandals , Royal family , etc !!

5aana
 Quoting: Anonymous Coward 1443902


This bunk is totally meaningless.
Anonymous Coward
User ID: 1417728
United States
07/10/2011 12:22 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
Ugh, all the Euro-fighting...

Knock it off; this is a good thread.
Anonymous Coward
User ID: 1090353
United States
07/10/2011 12:27 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
I disagree with those of the opinion that it will be slow.

That was the M.O. for a long time, but the worldwide crash will be abrupt.

The reason it has to be abrupt is to upset the populace to such a degree and cause such utter chaos and despair that they will agree to ANYTHING as better than what it will be in the chaos with masses starving, homeless, and jobless.
Anonymous Coward
User ID: 1090353
United States
07/10/2011 12:32 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
I'll be out of NYC by the end of the week. The U.S. is going down as well. Get ready. If I need to leave sooner, I will just leave everything except the stuff I already prepared in advance.
NORMAL GUY

User ID: 1293441
Spain
07/10/2011 12:36 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
What's lovely is that the majority of people on GLP are asking for the same thing. I'd like to write out what I see the world should be looking at.

1. Different system to the current monetary/tax/debt/slavery to currency.

2. Release of technological advances which have been kept from the public.

3. Freedom to put who we really want into leadership positions.

4. A reverse of this ever tightening 'security' noose on our freedoms.

5. Freedom to choose our lifestyles, independent of a common system.

6. Revert back to common law.

7. Freedom to grow crops and eat what we choose - and freedom to decide what not to eat.

8. Removal of the penalties and controls placed upon us all by huge commerce and corporations.

9. Alteration of the current work ethic; life is more than work.

10. More spare time to devote to philosophical matters, care for the Earth and one's fellow man.

11. An end to all those wars that are generated for: The benefit of those who orchestrate aggression for financial profit, to steal the wealth of a nation or, to concentrate power and control to the few or, to weaken a nation because it is thriving and successful.

12. Yes, a common, combination, worldwide law system. Leaving the customs of people and nations intact.

13. A recognition and implementation of a new law which states that: Everyone born to Earth has a right, day one of their lives, to a (proportional per populace) claim to estate of Earth without working for it. Thereby, distributing fairly, the benefits reaped from trade, plantations and minerals hereon. With this also, will be responsibility for the health of their portion.

14. Positions of power can only be obtained through consensus of the world's population, under a lawful judgement that; an individual or group has furthered for the better, the future of mankind, the health of the Earth, our health and our children's health and well-being. This must not be created by the false prosperity mechanisms that we see at work today.

The above would replace the monetary system and reinstate truth, and better the ethics of humanity.
 Quoting: Anonymous Coward 1403425


++++ 1,000,000!!!
 Quoting: Anonymous Coward 1293349


What a perfect system that would/should be......
I like it a lot and maybe you should head a world party with that as your manifesto? Or we should all start a GLP party, and place a representative in all areas we have members? Sad thing is none of us would probably get very far,even though the majority would want to vote for the above, the minority would soon dig some past dirt to discredit the Rep or they would disappear!
The most perfect place to be is... With your own thought,s on a silent mountain with the sun on your back, a breeze on your face and peace in your soul......
Anonymous Coward
User ID: 1462276
Portugal
07/10/2011 12:38 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
Can you give me the P I I G S for dummies version
 Quoting: Anonymous Coward 1289603


Portugal
Ireland
Italy
Greece
Spain


They be the oikners
 Quoting: Anonymous Coward 519048


I can also you give you the FAGS version:

FAGS:

F rance
A usria
G ermany
S weden

They FAGS, having sucked our blood, then labeled us 'PIGS', and now want to make us their slaves. Fuck you, neo-Hitlers.
 Quoting: Anonymous Coward 1458480

PIGS is a British (City of London) acronym
Anonymous Coward
User ID: 1090353
United States
07/10/2011 12:45 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
Many dictators are cheered into position with promises of a better life for the citizens. Hitler certainly was. He even made man of the year.

This will happen on a global scale. Someone will emerge with solutions to all of the problems. The change will be embraced at first.

Just look at how many so quickly cheered that listed proposal for how a new government should be if ideal.

You know how wording can be interpreted in multiple ways and rules can change once the dictator has full control. What sounds like a miracle solution may well turn out to be the worst nightmare for the people. Be cautious to jump on the bandwagon of a new global leader with such great ideas.
Channing

User ID: 1462287
Germany
07/10/2011 12:47 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
A replacement for government controlled fiat currency already exists. It's a peer-2-peer cryptic currency developed by Satoshi. Google it. Don't type the name here.

Last Edited by Channing on 07/10/2011 12:49 PM
Anonymous Coward
User ID: 1460911
United Kingdom
07/10/2011 12:51 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
What's lovely is that the majority of people on GLP are asking for the same thing. I'd like to write out what I see the world should be looking at.

1. Different system to the current monetary/tax/debt/slavery to currency.

2. Release of technological advances which have been kept from the public.

3. Freedom to put who we really want into leadership positions.

4. A reverse of this ever tightening 'security' noose on our freedoms.

5. Freedom to choose our lifestyles, independent of a common system.

6. Revert back to common law.

7. Freedom to grow crops and eat what we choose - and freedom to decide what not to eat.

8. Removal of the penalties and controls placed upon us all by huge commerce and corporations.

9. Alteration of the current work ethic; life is more than work.

10. More spare time to devote to philosophical matters, care for the Earth and one's fellow man.

11. An end to all those wars that are generated for: The benefit of those who orchestrate aggression for financial profit, to steal the wealth of a nation or, to concentrate power and control to the few or, to weaken a nation because it is thriving and successful.

12. Yes, a common, combination, worldwide law system. Leaving the customs of people and nations intact.

13. A recognition and implementation of a new law which states that: Everyone born to Earth has a right, day one of their lives, to a (proportional per populace) claim to estate of Earth without working for it. Thereby, distributing fairly, the benefits reaped from trade, plantations and minerals hereon. With this also, will be responsibility for the health of their portion.

14. Positions of power can only be obtained through consensus of the world's population, under a lawful judgement that; an individual or group has furthered for the better, the future of mankind, the health of the Earth, our health and our children's health and well-being. This must not be created by the false prosperity mechanisms that we see at work today.

The above would replace the monetary system and reinstate truth, and better the ethics of humanity.
 Quoting: Anonymous Coward 1403425


++++ 1,000,000!!!

 Quoting: Anonymous Coward 1293349


Just one very important addition to this imo and that's the
THE ABOLITION of SECRET SOCIETIES.
Without the masons, various religious orders (Jesuits) and economic secret groups such as the Bildebergers the world will be a freer place.
It is these groups that have planned our demise.
Anonymous Coward
User ID: 1437442
United States
07/10/2011 01:21 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
At least we are not in denial, unlike the USA??
 Quoting: Anonymous Coward 907315


We'll never go broke! We can print our own money!!! (If the Fed would let us, of course.)
Least Servant

User ID: 1379655
United States
07/10/2011 01:23 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
Don´t worry. Italy will bail you all out.

.
 Quoting: Anonymous Coward 1461941


Us too?? YAY 5a
 Quoting: Anonymous Coward 1462018


Yeah... Berlusconi is very generoud :D
 Quoting: Anonymous Coward 1461941


sideways



Last Edited by Least Servant on 07/10/2011 01:23 PM
:romaflag:
Not enough to fight, too many to die.
physicist
User ID: 1422133
United Kingdom
07/10/2011 01:31 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
It's likely to pertain to interest rate derivatives (which constitute ~80% of the total derivatives market; 100's of *Trillions* of USD).

Wikipedia:
The interest rate derivatives market is the largest derivatives market in the world. The Bank for International Settlements estimates that the notional amount outstanding in June 2009 [1] were US$437 *trillion* for OTC interest rate contracts, and US$342 *trillion* for OTC interest rate swaps.

If any of this goes poof, notional becomes nominal and suddenly a bank is insolvent. Not technically insolvent, but cash-flow insolvent.

If that happens, the effect will be like a nuclear detonation. Lehman x 1000. (Lehman was 600Bn, this is 600 Tr).

By the way, european banks and indeed all banks borrow short and lend long. They hedge this exposure to movements in short-term rates using interest rate derivatives, so they are all essentially strapped to this ticking nuclear bomb. Good luck evertone.
Anonymous Coward
User ID: 331367
Austria
07/10/2011 01:52 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
I can also you give you the FAGS version:

FAGS:

F rance
A usria
G ermany
S weden

They FAGS, having sucked our blood, then labeled us 'PIGS', and now want to make us their slaves. Fuck you, neo-Hitlers.
 Quoting: Anonymous Coward 1458480


Oh, a joker.

Your stupid little arrangement of islands did cost me as taxpayer:

500 Euros so far .. the germans paid much more.

500 euros ? Not much .. yeah .. that is AFTER taxes .. which at our taxrate means every austrian has to work at least a week only for your little debt mountain.

But it´s worse .. its almost 3 weeks if you do the math and only count the people that do productive work.

And all for a country where 60% are working for the state, almost nobody pays taxes, people enter retirement with 50.

I think we should stop all those bailouts and sell greece to the turks.

2 problems solved with one operation.
Dynamitrios

User ID: 1455728
Greece
07/10/2011 02:07 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
just to show you how evil and "in your face" this whole scheme is... they created a "magical" sigil just for their little plot to flourish...



IMAGE ( [link to www.indymedia.ie] )

a free man chooses, a slave obeys
Anonymous Coward
User ID: 1458480
Greece
07/10/2011 02:11 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
I can also you give you the FAGS version:

FAGS:

F rance
A usria
G ermany
S weden

They FAGS, having sucked our blood, then labeled us 'PIGS', and now want to make us their slaves. Fuck you, neo-Hitlers.
 Quoting: Anonymous Coward 1458480


Oh, a joker.

Your stupid little arrangement of islands did cost me as taxpayer:

500 Euros so far .. the germans paid much more.

500 euros ? Not much .. yeah .. that is AFTER taxes .. which at our taxrate means every austrian has to work at least a week only for your little debt mountain.

But it´s worse .. its almost 3 weeks if you do the math and only count the people that do productive work.

And all for a country where 60% are working for the state, almost nobody pays taxes, people enter retirement with 50.

I think we should stop all those bailouts and sell greece to the turks.

2 problems solved with one operation.
 Quoting: Anonymous Coward 331367


bullshit, disinformation:

almost nobody pays taxes: I pay 30.000 a year: FOR ALL EMPLOYEES, it is prepaid: directly to the taxpayer, you dont even see it (public sector also)

retirement: I will retire at 67. Nobody retires at 50 anymore. That was about 15 years ago, in Drachmas

Indirect taxes are huge: 23% VAT, gas at 1.62 per litre, real estate is very heavily taxed.

ALSO,

the average Greek worker, did not borrow anything, was not involved it the huge SEIMENS scandal and so on. Dont confuse the politicians with the average person.
LadyLeo

User ID: 853309
United States
07/10/2011 02:20 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
U.S. Hedge Funds Increasing Shorts against the Big PIIG

[link to www.economicpolicyjournal.com]
Anonymous Coward
User ID: 331367
Austria
07/10/2011 02:23 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
the average Greek worker, did not borrow anything, was not involved it the huge SEIMENS scandal and so on. Dont confuse the politicians with the average person.
 Quoting: Anonymous Coward 1458480


Great .. then why should i as average person pay for your criminal politicians ?


The average greek worker got in addition to his wage:

25 euros for warming up their cars before driving away (telecom OTE)
420 bucks for "washing their hands" (railroad OSE)
Bus drivers got 320 euros for "not arriving late at work"
290 euros for "carrying files and folders" for people in government offices.

Come on .. they all sucked the euro-tits ....

[link to www.investmentpostcards.com]

..hard
[link to www.ariva.de]

But .. every farmer know how it will end:
[link to theinvestmentinsight.files.wordpress.com]
Anonymous Coward
User ID: 331367
Austria
07/10/2011 02:25 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
Oh .. you forgot:

"Real estate is heavily taxed"

Sure .. but only "finished" houses, afaik almost no greece buildings are finished for that reason , they all look more or less like the Akropolis.
Anonymous Coward
User ID: 1429006
United States
07/10/2011 02:27 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
At least we are not in denial, unlike the USA??
 Quoting: Anonymous Coward 907315


Believe me it's better that way! There will be less of them when TSHTF, more to go around for others.
Anonymous Coward
User ID: 1429006
United States
07/10/2011 02:30 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
I can also you give you the FAGS version:

FAGS:

F rance
A usria
G ermany
S weden

They FAGS, having sucked our blood, then labeled us 'PIGS', and now want to make us their slaves. Fuck you, neo-Hitlers.
 Quoting: Anonymous Coward 1458480


Oh, a joker.

Your stupid little arrangement of islands did cost me as taxpayer:

500 Euros so far .. the germans paid much more.

500 euros ? Not much .. yeah .. that is AFTER taxes .. which at our taxrate means every austrian has to work at least a week only for your little debt mountain.

But it´s worse .. its almost 3 weeks if you do the math and only count the people that do productive work.

And all for a country where 60% are working for the state, almost nobody pays taxes, people enter retirement with 50.

I think we should stop all those bailouts and sell greece to the turks.

2 problems solved with one operation.
 Quoting: Anonymous Coward 331367


bullshit, disinformation:

almost nobody pays taxes: I pay 30.000 a year: FOR ALL EMPLOYEES, it is prepaid: directly to the taxpayer, you dont even see it (public sector also)

retirement: I will retire at 67. Nobody retires at 50 anymore. That was about 15 years ago, in Drachmas

Indirect taxes are huge: 23% VAT, gas at 1.62 per litre, real estate is very heavily taxed.

ALSO,

the average Greek worker, did not borrow anything, was not involved it the huge SEIMENS scandal and so on. Dont confuse the politicians with the average person.
 Quoting: Anonymous Coward 1458480


Amen brother, this is what needs to get out to the masses

resist
Anonymous Coward
User ID: 1458480
Greece
07/10/2011 02:36 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
the average Greek worker, did not borrow anything, was not involved it the huge SEIMENS scandal and so on. Dont confuse the politicians with the average person.
 Quoting: Anonymous Coward 1458480


Great .. then why should i as average person pay for your criminal politicians ?


The average greek worker got in addition to his wage:

25 euros for warming up their cars before driving away (telecom OTE)
420 bucks for "washing their hands" (railroad OSE)
Bus drivers got 320 euros for "not arriving late at work"
290 euros for "carrying files and folders" for people in government offices.

Come on .. they all sucked the euro-tits ....

[link to www.investmentpostcards.com]

..hard
[link to www.ariva.de]

But .. every farmer know how it will end:
[link to theinvestmentinsight.files.wordpress.com]
 Quoting: Anonymous Coward 331367


You're taking examples and trying to stereotype them on the total. There are 3-4 public companies that should be closed down: but again, they do not represent the 4million working Greeks. OSE, public railways, has 8000 employes. Yes they should close down or be sold. But the private sector works twice as hard as the Austrian private sector with half the pay.

The problem is that the financial functionality of Greece and other countries was based on the weak currency model: daily devaluations and then a bigger one, and then the cycle again.

Countries with hard currencies, like Germany, had a different model. These two financial models were just thrown together ad-hoc 10 years ago: what do you expect?

Again you are totally wrong to blame the whole working class of any country: you are IGNORANT of the realities of this country.
Anonymous Coward
User ID: 331367
Austria
07/10/2011 02:43 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
Again you are totally wrong to blame the whole working class of any country: you are IGNORANT of the realities of this country.
 Quoting: Anonymous Coward 1458480



As long as i have to pay for your lavish livestyles without being asked i can be ignorant as much as i want.

You pay 30.000 in taxes for your workers .. i am totally shocked, i paid 26000 and some last year .. and i am employed.

Oh .. this does not include the quarterly taxes i pay directly to our "IRS" for my other incomes.

Seems i pay more taxes as single person than your whole company.

And i pay sales tax 20% and fuel is almost 1,50 for cheap diesel.
LadyLeo

User ID: 853309
United States
07/10/2011 02:50 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
Domino effect: financial debt contagion in danger of spreading from Greece

[link to www.marketwatch.com]
Anonymous Coward
User ID: 1458480
Greece
07/10/2011 02:54 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
Again you are totally wrong to blame the whole working class of any country: you are IGNORANT of the realities of this country.
 Quoting: Anonymous Coward 1458480



As long as i have to pay for your lavish livestyles without being asked i can be ignorant as much as i want.

You pay 30.000 in taxes for your workers .. i am totally shocked, i paid 26000 and some last year .. and i am employed.

Oh .. this does not include the quarterly taxes i pay directly to our "IRS" for my other incomes.

Seems i pay more taxes as single person than your whole company.

And i pay sales tax 20% and fuel is almost 1,50 for cheap diesel.
 Quoting: Anonymous Coward 331367


what workers? i am talking about my personal tax. After 25.000 eur/years the rate is 40%.


This just shows why the Euro will not exist in 3 or 4 years. It is the equivalent of a transvestite currency. You Austrians are just the barking dogs of the Germans: you can take your currency back, we do not want anything to do you.
GeekOfTheWeek

User ID: 1383040
United States
07/10/2011 02:59 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
Please redesign our financial system, it is outdated!

We don't need a medieval financial system in our technologically advanced world!

 Quoting: Kimchi



+ 1000000!

The economy sucks in every single fucking country in the world!

Incompetent leaders? Gimme a break!

The SYSTEM is not applicable any more. That is a fact.
 Quoting: Démodé


Bring on the Star Trek era, where everyone gets what they need just for doing their part... :-) I'm so ready for it!
I love physics. It bonds us eternally, it's what makes our computers work, it's what's in my morning cup of coffee, it's the thing that keeps the universe from vanishing due to lack of belief...
Anonymous Coward
User ID: 331367
Austria
07/10/2011 03:00 PM
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Re: *** BREAKING: P I I G S TECHNICAL DEFAULT? ***
This just shows why the Euro will not exist in 3 or 4 years. It is the equivalent of a transvestite currency. You Austrians are just the barking dogs of the Germans: you can take your currency back, we do not want anything to do you.
 Quoting: Anonymous Coward 1458480



Fine .. one point we agree.

But still there is some debt to pay back.





GLP