For the eurozone, the worst is yet to come | |
Anonymous Coward User ID: 15386845 United States 05/27/2012 03:34 AM Report Abusive Post Report Copyright Violation | |
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G3 User ID: 1531577 United States 05/27/2012 04:02 AM Report Abusive Post Report Copyright Violation | [link to www.telegraph.co.uk] Quoting: Sharty Mc Bean when you read mainstream articles like this, we must be really close to SHTF! Excellent article. Quote: "The trouble is that Greece is a democracy, Spain is a democracy. France, the world's fifth-largest economy and one of the most powerful countries on earth, is a democracy and a pretty feisty one at that. Are all these countries, their electorates supplicant, their future politicians content, really going to subscribe to and live under, for decades to come, a system based on Berlin telling them how much they can borrow and spend? I don't think so." |
Anonymous Coward User ID: 9014106 Australia 05/27/2012 04:04 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 846701 United States 05/27/2012 04:09 AM Report Abusive Post Report Copyright Violation | Germany is in far worse shape than France, they have been hiding under the Euro, all the debt, and all the inflation from the Mark, when it hits them, it's going to be huge. The Euro was a great excuse for politicians to use as an escape for many nations, especially Germany who were all so happy to push for it. |
King David User ID: 16716695 United States 05/27/2012 04:13 AM Report Abusive Post Report Copyright Violation | |
R... User ID: 572408 Netherlands 05/27/2012 04:13 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 16716695 United States 05/27/2012 04:15 AM Report Abusive Post Report Copyright Violation | |
Sharty Mc Bean (OP) User ID: 16705658 Germany 05/27/2012 04:27 AM Report Abusive Post Report Copyright Violation | |
Sharty Mc Bean (OP) User ID: 16705658 Germany 05/27/2012 04:32 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 331367 Austria 05/27/2012 04:48 AM Report Abusive Post Report Copyright Violation | "The trouble is that Greece is a democracy, Spain is a democracy. France, the world's fifth-largest economy and one of the most powerful countries on earth, is a democracy and a pretty feisty one at that. Are all these countries, their electorates supplicant, their future politicians content, really going to subscribe to and live under, for decades to come, a system based on Berlin telling them how much they can borrow and spend? I don't think so." Quoting: G3 Spot on .. what is not mentioned is the what will happen if the flow of goods from germany to the rest of europe stops. So far germany has a 1 trillion target2 balance .. this means the germans gave away goods for 1 trillion euros .. and got 1 trillion money from the rest of europe. Oh wait .. it´s not real money, it is funny money created by the ECB to kick the can ... I always said (and got massive flak) that the EU will turn europe into a second world shithole. I revise that statement. Europe will turn to 3rd world status. |
Anonymous Coward User ID: 407872 United States 05/27/2012 04:53 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 5449673 United Kingdom 05/27/2012 04:53 AM Report Abusive Post Report Copyright Violation | Relax , its jst an opinion piece in a newspaper. Fact that it is main S newspaper means nothing. We all know this same paper was pushing the lies before Iraq war to change public opinion and now its doing the same regarding Iran by slaves such as this guy in this paper. If he really knew better, he would not be pushing pen in a this paper but be a government decision maker. Simply put, its just his opinion and nothing more. |
Sharty Mc Bean (OP) User ID: 16754808 Germany 05/27/2012 04:56 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 16754011 United States 05/27/2012 05:01 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 14308306 Finland 05/27/2012 05:02 AM Report Abusive Post Report Copyright Violation | |
bargoose User ID: 16755169 United Kingdom 05/27/2012 05:07 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 16598548 United Kingdom 05/27/2012 05:14 AM Report Abusive Post Report Copyright Violation | MSM said yesterday that Syriza is losing steam in Greece which implies that a pro-bailout gubbermint will be formed in Greece which further implies that doom is averted and Greece will hang on there. Quoting: Anonymous Coward 14308306 Dream on. If that were to happen, the country would become ungovernable because of civil unrest. |
Anonymous Coward User ID: 16754355 Ireland 05/27/2012 05:19 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 16755331 United States 05/27/2012 05:24 AM Report Abusive Post Report Copyright Violation | This is as bad as it gets, the Fed could end up bailing out the Eurozone. Quoting: King David 16716695 I can't believe I just said that. How dumb are you? The Fed is ten times more in debt than the Eurozone. If anyone does any bailing out it'll be the Chinese. Then God help everyone. Yeah, but the Feds have a super duper, awesome, bitching Printing Press! |
Anonymous Coward User ID: 13479329 Slovakia 05/27/2012 05:28 AM Report Abusive Post Report Copyright Violation | This is as bad as it gets, the Fed could end up bailing out the Eurozone. Quoting: King David 16716695 I can't believe I just said that. How dumb are you? The Fed is ten times more in debt than the Eurozone. If anyone does any bailing out it'll be the Chinese. Then God help everyone. Yeah, but the Feds have a super duper, awesome, bitching Printing Press! What a sophisticated economic model. Until the reserve status of USD is lost for good. |
Anonymous Coward User ID: 9014106 Australia 05/27/2012 05:29 AM Report Abusive Post Report Copyright Violation | |
King David User ID: 16716695 United States 05/27/2012 05:31 AM Report Abusive Post Report Copyright Violation | This is as bad as it gets, the Fed could end up bailing out the Eurozone. Quoting: King David 16716695 I can't believe I just said that. How dumb are you? The Fed is ten times more in debt than the Eurozone. If anyone does any bailing out it'll be the Chinese. Then God help everyone. The Fed, like the ECB, is leveraged about 30:1. Not bad. 3 trillion should hold the Euro Zone over. The Fed can raise the Capital, remember, they are a Private Bank with deep pockets backing them. I don't see China moving for anything less than a Euro Bond or IMF/World Bank chairs. |
Sharty Mc Bean (OP) User ID: 16754808 Germany 05/27/2012 05:33 AM Report Abusive Post Report Copyright Violation | Lloyd's of London preparing for euro collapse [link to www.telegraph.co.uk] Switzerland prepares for intensifying uro crisis with google translated article: [link to translate.google.de] |
Anonymous Coward User ID: 1464021 United Kingdom 05/27/2012 05:36 AM Report Abusive Post Report Copyright Violation | This is the time to think about stocking up on food and supplies. While I don't think we are going to see war (in Europe), we are going to see economic migrations, food & fuel shortages, more unemployment, and general chaos including large riots. Borders are going to be closed. In the case of the UK, this will probably happen ridiculously late and after a couple of million have already entered the country (because we have gutless incompetents running our country). You can not just "write off" Greece, Spain, Portugal, Italy and others in the southern half of Europe, and expect them to just sit back and accept bankruptcy. If I couldn't put food on the table for my kids, I would go nuts. That's what is going to happen... a short period of extreme chaos and upheaval. Unfortunately, events like this in the past have tended to bring extremists into power. |
Anonymous Coward User ID: 1247261 Turkey 05/27/2012 05:41 AM Report Abusive Post Report Copyright Violation | This is the time to think about stocking up on food and supplies. Quoting: Anonymous Coward 1464021 While I don't think we are going to see war (in Europe), we are going to see economic migrations, food & fuel shortages, more unemployment, and general chaos including large riots. Borders are going to be closed. In the case of the UK, this will probably happen ridiculously late and after a couple of million have already entered the country (because we have gutless incompetents running our country). You can not just "write off" Greece, Spain, Portugal, Italy and others in the southern half of Europe, and expect them to just sit back and accept bankruptcy. If I couldn't put food on the table for my kids, I would go nuts. That's what is going to happen... a short period of extreme chaos and upheaval. Unfortunately, events like this in the past have tended to bring extremists into power. You vote for the "gutless incompetents" so it says alot about the British... |
Anonymous Coward User ID: 1218376 Denmark 05/27/2012 05:41 AM Report Abusive Post Report Copyright Violation | |