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Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse

 
Anonymous Coward
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07/19/2011 08:30 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
Euro vs USA tards,

You're idiots on both sides. Any GLPer should know reported debt figures are complete BS. USA gov't claims 9.2% unemployment and 3% inflation when both figures are over 15% by everyone's estimate besides theirs. Similarly, they claim debt of approximately $15 trillion when Fannie and Freddie have $6 trillion easy, not to mention the $1500 trillion of derivatives debts that were admitted to exist two years ago before QE1 and QE2.

The ONLY question is whether the collapse will be a collapse of the banking families into restored Republics, or the collapse of Republicans into a permanent fascist world empire. Both systems are slated for collapse without politicians stepping forward that are simultaneously not afraid to challenge the banking families and lucky enough to survive long enough to get their ideas out and build public momentum behind them.
 Quoting: Anonymous Coward 1458601


So some "gentlemen" will, not before long now, throw an option on the table...like GO TO WAR and everything will be restored back to how it used to be...

Soon to go hungry? Soon to be homeless? Soon to be unemployed?
GO TO WWIII to save yourself!
What will your braindead lot will say after so much mindwash by the TV and the Media?
Will be jumping up to the opportunity and will grab the gun.


Bye bye America. devil6
 Quoting: Anonymous Coward 1238394



It would be very interesting to see how this could trigger WW3.

We are 'due' for a World War...and it would fit in with the whole 2012 thing as well.

Interesting times...
Anonymous Coward
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Greece
07/19/2011 08:34 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
I am not wishing for war and destruction. But this will be the first step towards something else...
You got to love TPTB... Always with a bold plan for the future..
As long as it is not their own dead but everybody else's, they never have a problem...
Luvapottamus

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07/19/2011 08:35 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
A comment to the article:

Reason is simple; the British media obsess with Europe because the only way the US/UK can avoid total implosion of the bankrupt Anglosphere financial economy is by attempting to trigger a currency crisis in a rival region like the Eurozone.

The US is completely bankrupt; there is no way out ; this year they will run a $ 2 trillion deficit ; their debt is $ 14 trillion and they have $ 114 trillion unfunded liabilities.

The US regime is fighting 5 losing wars in AfPak,Iraq, Libya and Yemen and 50% of all US states including California are bankrupt.

The US/UK are desperate therefore to avoid the total implosion of their ponzi scheme financial system; they are desperately attempting to trigger a financial collapse in a rival to trigger fund flows into their bankrupt financial system.

This is why every European should understand that the number 1 national security threat to all Europeans is the financial terror orchestrated by the US/UK and launched via their armies of US Credit ratings agencies, US/UK news agencies and US/UK hedge funds.

The US Credit ratings agencies, US/UK news agencies and US/UK hedge funds are engaged in full blown financial terror against Europe in a desperate attempt to trigger a collapse to send fund flows into the bankrupt anglosphere.
 Quoting: Anonymous Coward 1472082


^THIS^

And it's not "Americans" or the "British" that are in control of it. I do think we owe the world a favor to take control and oust the evil dicks that are. In a bloodless way. General strike-don't go to work. Hard to coordinate, but that'd be the most effective.
"A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects."
- Robert Heinlein, Time Enough for Love
Anonymous Coward
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Portugal
07/19/2011 08:37 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
The USA headless chicken will go to war, alright.

Iran Opens Oil Bourse - Harbinger of Trouble for New York and London?

The last three years of global recession have dealt a major blow to American capitalist ideas trumpeted throughout the world on the value of “free markets.” Wall St has been revealed as a form of casino economy, with the bankster insiders gambling with other people’s, and eventually, the government’s money in the form of bailouts. As the Republicans in Congress, scenting victory in the 2012 presidential elections, hold a gun to the Obama administration’s head and rating agencies consider downgrading U.S. government bonds in light of Washington’s possible defaulting, many ideas around the world that previously seemed implausible because of the dominance of the U.S. economy are garnering renewed interest.

Not surprisingly, many of these concepts originate in countries not enamored with Washington’s influence, perhaps none so more than “Axis of Evil” charter member Iran, which has seen its economy hammered by more than three decades of U.S.-led sanctions. Now Iran is working a program, that, if it succeeds, could help undermine the dollar’s preeminence as the world’s reserve currency more effectively than a Republican filibuster.

Iran’s sly weapon against the Great Satan’s currency? An oil bourse on Kish Island in the Persian Gulf, which has now begun selling high-grade Iranian crude oil.

Mohsen Qamsari, deputy director for international affairs of the Iranian National Oil Company was modest about the exchange’s initial capabilities, saying, "The commodity stock exchange has been pursuing a mechanism for offering crude oil on the stock exchange for a long time, and it has taken the preliminary steps, to the extent possible. Considering the existing banking problems, foreign customers are not expected to be taking part in the first phase of offering crude oil on the stock exchange, and this will be done on a trial basis. Today Bahregan heavy, high quality, low sulfur crude oil with less sourness will be offered on the stock exchange for the first time. In the first phase, a 600,000 barrel shipment will be offered."

Given that the world currently consumes roughly 83 million barrels of crude oil each day, the initial oil offerings at the Iranian stock exchange are hardly going to make or break the market, but they do represent an attempt by a significant oil producer to divert revenue streams from New York Mercantile Exchange, the world's largest physical commodity futures exchange, which handles West Texas Intermediate benchmark futures, and London's Intercontinental Exchange, which deals in North Sea Brent. All trades are in dollars, effectively giving the U.S. currency a monopoly.

The Kish Exchange dates back to February 2008, when instead of Tehran, Kish was chosen because it had designated as a free trade zone. The Exchange was set up to trade contracts in euros, Iranian rials and a basket of other currencies other than dollars. The previous year, Iran had requested that its petroleum customers pay in non-dollar currencies. But the Exchange initially traded contracts only for oil-derived products, such as those used as feedstocks for plastics and pharmaceuticals. Now the institution has taken the next step.

Even as Congress remains tone-deaf to the recession’s effect on American jobs and the economy, others have taken careful note. On 17 June 2008, addressing the 29th meeting of the Council of Ministers of the OPEC Fund for International Development in the Iranian city of Isfahan, Iranian President Mahmoud Ahmadinejad told those in attendance, "The fall in the value of the dollar is one of the biggest problems facing the world today. The damage caused by this has already affected the global economy, particularly those of the energy-exporting countries. ... Therefore, I repeat my earlier suggestion, that a combination of the world's valid currencies should become a basis for oil transactions, or (OPEC) member countries should determine a new currency for oil transactions."

What it would take for Iran’s new exchange to survive and flourish are some heavy-duty customers that Washington would be wary of picking a fight with, and Tehran already has one – China.
...

[link to www.zerohedge.com]
Least Servant

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07/19/2011 08:39 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
Please extinguish your cigarettes at this time, and return your seats and trays to their fully upright and locked position...
:romaflag:
Not enough to fight, too many to die.
Anonymous Coward
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Portugal
07/19/2011 08:42 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
The bond fund Pimco has its own idea: throwing Greece, Ireland and Portugal to the wolves, and concentrating €1 trillion in "overwhelming force" to defend Spain and Italy.

 Quoting: Intentionally Blank


This is a plausible scenario. If Spain and Italy go down, the EU is history. To forestall that, the three little PIIGS will be on their own.
 Quoting: Anonymous Coward 1006681

It isn't. Do, e.g., Texans have the power to expel North Carolina or Indiana from the Union?
Anonymous Coward
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07/19/2011 08:43 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
Probably should start Googling such phrases as "fuedal" "Knights in shining armour" "peasants" "serfs" "lord of the manor" and such.

The second born, usually unentitled sons, of the above settled the "Americas".

No offense to King George and Queen Elizabeth and all the other European reigning royalty...god bless their grasping little souls, but he was a first-born...as were the rest of the royals who reign. I think they are all German-Austrian born...Hapsburgs...or relics of same.
Anonymous Coward
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07/19/2011 08:45 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
Please extinguish your cigarettes at this time, and return your seats and trays to their fully upright and locked position...
 Quoting: Least Servant


Jesus, you must be almost as old as I am. Ashtrays and cigarettes to be extinguished on airlines...OMG.

Peace, bro.
The Ponz
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07/19/2011 08:45 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
Fuck you Ponzi Scheme, FUCK YOU!

skull_fing
Anonymous Coward
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07/19/2011 08:47 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
Only Germany can save EMU as contagion turns systemic
 Quoting: Intentionally Blank


Really...
 Quoting: °Epic°


Red Shield <snicker snicker>
Anonymous Coward
User ID: 1362384
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07/19/2011 08:48 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
Probably should start Googling such phrases as "fuedal" "Knights in shining armour" "peasants" "serfs" "lord of the manor" and such.

The second born, usually unentitled sons, of the above settled the "Americas".

No offense to King George and Queen Elizabeth and all the other European reigning royalty...god bless their grasping little souls, but he was a first-born...as were the rest of the royals who reign. I think they are all German-Austrian born...Hapsburgs...or relics of same.
 Quoting: Anonymous Coward 1100144


Them all looted the rest of the world for past four centuries. History is always a BIG cycle and Karma is a real biatch.

Bend over is all I can say.
Anonymous Coward
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07/19/2011 08:49 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
No way on this earth will this ever be allowed to happen because of the implications of violent riots and mass mayhem , thi will and cannot happen take my owrd for it when they come to an agrement by thursday or at least on thursday, your making something out of nothing fucking retard. TAKE HEED THIS WILL AND CANNOT BE POSSIBLE AND WON'T HAPPEN ITS ALREADY BEEN SORTED BUT THE NEWS AS YET TO BE RELEASED TO YOU ARSEHOLES THE SHEEPLE, TRUST ME I KNOW WATCH AND SEE AND THEN COME BACK AND SAY I WAS RIGHT , GOD YOUR SUCH MORONS.
 Quoting: Anonymous Coward 1474120


And if your wrong, are you willing to be a bitch?

butthillary
Anonymous Coward
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07/19/2011 08:49 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
Greece Bonds Collapse, Interest Rates Surge To Near 40% As ECB Announces They Will Allow "Temporary Default"

[link to blog.alexanderhiggins.com]
Anonymous Coward
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United Kingdom
07/19/2011 08:52 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
A crisis that may affect the rest of our lives

Be afraid. Be very afraid. No, not of Murdoch, but of the looming financial crisis from which the phone hacking vortex shields our eyes.

The serendipitous daily drip drip of revelation has so consumed our naive appetites that our eye is as far off the financial ball as it has ever been. I know very little about high finance, but I know enough to know that when the price of gold assumes a level never seen before by mankind, there is something very ugly in the woodshed. The price per ounce of the stuff – $1,600 – is some record.

More: [link to blogs.channel4.com]
short long
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07/19/2011 08:55 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
A crisis that may affect the rest of our lives

Be afraid. Be very afraid. No, not of Murdoch, but of the looming financial crisis from which the phone hacking vortex shields our eyes.

The serendipitous daily drip drip of revelation has so consumed our naive appetites that our eye is as far off the financial ball as it has ever been. I know very little about high finance, but I know enough to know that when the price of gold assumes a level never seen before by mankind, there is something very ugly in the woodshed. The price per ounce of the stuff – $1,600 – is some record.

More: [link to blogs.channel4.com]
 Quoting: Anonymous Coward 1473755

Bubble, pretty bubbles in the air. Are you uncertain? Have you given up on investments and placed all your cash in your mattress, buried gold in your back yard....almost enough fear to pop the bubble....wait for it....wait for it....
Anonymous Coward
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07/19/2011 08:56 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
I'll bring the marshmallows. And a cat.


Much obliged.

grinning
 Quoting: Anonymous Coward 1474349


You know, even the idea of roasting a cat may be grounds for criminal indictment. I wouldn't be so casual with my metaphors if I were you.
Anonymous Coward
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Puerto Rico
07/19/2011 09:01 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
Only Germany can save EMU as contagion turns systemic
 Quoting: Intentionally Blank


Really...
 Quoting: °Epic°


Germany should let it collapse and save their hard earned Deutsch marks to snap up good deals.
Anonymous Coward
User ID: 1238394
Greece
07/19/2011 09:01 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
A crisis that may affect the rest of our lives

Be afraid. Be very afraid. No, not of Murdoch, but of the looming financial crisis from which the phone hacking vortex shields our eyes.

The serendipitous daily drip drip of revelation has so consumed our naive appetites that our eye is as far off the financial ball as it has ever been. I know very little about high finance, but I know enough to know that when the price of gold assumes a level never seen before by mankind, there is something very ugly in the woodshed. The price per ounce of the stuff – $1,600 – is some record.

More: [link to blogs.channel4.com]
 Quoting: Anonymous Coward 1473755


You are going to WAR pall.
You of course don't know this yet but THEY do.
Anonymous Coward
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Germany
07/19/2011 09:01 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
If only I were in charge of Moody's for a day...

Luvapottamus

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07/19/2011 09:04 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
I'll bring the marshmallows. And a cat.


Much obliged.

grinning
 Quoting: Anonymous Coward 1474349


You know, even the idea of roasting a cat may be grounds for criminal indictment. I wouldn't be so casual with my metaphors if I were you.
 Quoting: Anonymous Coward 961432


shill

I'm kidding, just as you were...

Oh Shit

hiding

Last Edited by Luvapottamus on 07/19/2011 09:08 PM
"A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects."
- Robert Heinlein, Time Enough for Love
Anonymous Coward
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07/19/2011 09:06 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
If only I were in charge of Moody's for a day...


 Quoting: °Epic°


Just give me 10min as the chairman of FRB.
WOMAN WHO RUNS W/ WOLVES

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07/19/2011 09:38 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
Only Germany can save EMU as contagion turns systemic
 Quoting: Intentionally Blank


Really...
 Quoting: °Epic°


Germany will do it even if its populace is against it. But it will be only a temporary solution to and unsolvable problem. Sooner rather than later we will have a global financial collapse. God help us then. Because all trade will cease, government subsidies will stop, martial law will be declared and utilites may shut down. It is hard to comprehend exactly what else will occur since the last time this happened was in 1345 and was called the "LOMBARD COLLAPSE" and it was the greatest financial disintegration the world has ever seen and played a role in the length, duration and severity of the "dark ages".

HOW BANKERS RIGGED THE FIRST AND WORST, GLOBAL FINANCIAL COLLAPSE 650 YRS. AGO AND 1/2 WORLDS POPULATION DIED, "THE DARK AGES"


Checkout this link: Thread: HOW BANKERS RIGGED THE FIRST AND WORST, GLOBAL FINACIAL COLLAPSE 650 YRS. AGO AND 1/2 WORLDS POPULATION DIED, "THE DARK AGES"

Last Edited by WOMAN WHO RUNS W/ WOLVES on 07/19/2011 09:40 PM
The process has begun
pur33nergy7

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07/19/2011 09:41 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
 Quoting: Anonymous Coward 1238394


NO WAY MURKANS!!!

OLE USA GOES FIRST!
Keep THAT in mind!
Poor poor israel, no money no honey soon...

lmao lmao lmao lmao lmao


Israel holds the gold tho...for now anywayexplosion
36 years of tears and thinkin' back, I'm the finished product of the making of a maniac.
Anonymous Coward
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07/19/2011 09:45 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
If it happens, it's been planned, and there's absolutely nothing any of us can do to stop it.


So, if it does happen, everyone with a good stash of pre-Fukushima organic food and potable spring water is welcome to email me their location.


In case the internet is permanently down, just send up some smoke signals in the general direction of Atlantic Canada.


I'll bring the marshmallows. And a cat.


Much obliged.

grinning
 Quoting: Anonymous Coward 1474349


I loVe cats! A liTtle butter and salt...yum!
WOMAN WHO RUNS W/ WOLVES

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07/19/2011 09:45 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
bumpyodabump


US banks have so much money tied up in Europe. Get ready for all out collapse.
 Quoting: Anonymous Coward 660580


bump
The process has begun
Anonymous Coward
User ID: 1474561
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07/19/2011 09:45 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
If it happens, it's been planned, and there's absolutely nothing any of us can do to stop it.


So, if it does happen, everyone with a good stash of pre-Fukushima organic food and potable spring water is welcome to email me their location.


In case the internet is permanently down, just send up some smoke signals in the general direction of Atlantic Canada.


I'll bring the marshmallows. And a cat.


Much obliged.

grinning
 Quoting: Anonymous Coward 1474349


I loVe cats! A liTtle butter and salt...yum!
WOMAN WHO RUNS W/ WOLVES

User ID: 1428070
United States
07/19/2011 09:51 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
A comment to the article:

Reason is simple; the British media obsess with Europe because the only way the US/UK can avoid total implosion of the bankrupt Anglosphere financial economy is by attempting to trigger a currency crisis in a rival region like the Eurozone.

The US is completely bankrupt; there is no way out ; this year they will run a $ 2 trillion deficit ; their debt is $ 14 trillion and they have $ 114 trillion unfunded liabilities.

The US regime is fighting 5 losing wars in AfPak,Iraq, Libya and Yemen and 50% of all US states including California are bankrupt.

The US/UK are desperate therefore to avoid the total implosion of their ponzi scheme financial system; they are desperately attempting to trigger a financial collapse in a rival to trigger fund flows into their bankrupt financial system.

This is why every European should understand that the number 1 national security threat to all Europeans is the financial terror orchestrated by the US/UK and launched via their armies of US Credit ratings agencies, US/UK news agencies and US/UK hedge funds.

The US Credit ratings agencies, US/UK news agencies and US/UK hedge funds are engaged in full blown financial terror against Europe in a desperate attempt to trigger a collapse to send fund flows into the bankrupt anglosphere.
 Quoting: Anonymous Coward 1472082


^THIS^

And it's not "Americans" or the "British" that are in control of it. I do think we owe the world a favor to take control and oust the evil dicks that are. In a bloodless way. General strike-don't go to work. Hard to coordinate, but that'd be the most effective.
 Quoting: Luvapottamus


No the city state called the "City of London" a sovereign country unto itself within LONDON is where the financial Anglophile empire is run from and Wall St. is also complicit along with both our governments.
The process has begun
Anonymous Coward
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07/19/2011 09:52 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
:hide:
 Quoting: hillcrest3


Hottie...

The bond fund Pimco has its own idea: throwing Greece, Ireland and Portugal to the wolves, and concentrating €1 trillion in "overwhelming force" to defend Spain and Italy. That major players should utter such thoughts shows how fast events are moving.

HOW SOON BEFORE ITS EVRY NATION FOR THEM SELVES?
Dire Wolf
Top Hat

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07/19/2011 09:53 PM

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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
My God. We're looking over the edge here. We're that close. Make ready your departure my friends, for that great and terrible day draweth nigh.
Anonymous Coward
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07/19/2011 09:54 PM
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Re: Breaking News * Urgent * Telegraph: EU On Verge of Systemic Economic Collapse
The USA is on the brink of collapse. You want to know a secret? China and other nations don't want to loan the USA any more of their pile of dollars ~ they want to cash them in before they become devalued and worthless. Obama may not be able raise the debt ceiling because your creditors wont allow it. Game might be over soon. China doesn't want to be chumped and played a fool.

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