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WTF !! Labor Minister Says France Is "Totally Bankrupt" !!

 
Anonymous Coward
User ID: 33008981
Mexico
01/28/2013 05:16 PM
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WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
[link to www.zerohedge.com]


Turns out it isn't, and the capital was merely rotating from the frying pan and into the 9th circle of insolvency hell. But at least the SNB is still buying up every French bond it can get its hands on to indicate that all is well with the "totally bankrupt state."

And speaking of private capital rotation, well Europe needed it. Recall the chart of European M3 loans to non-financial corporations we showed earlier based on central bank data:
Anonymous Coward
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Germany
01/28/2013 05:19 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
...and "Britain's economy is a disaster!" popcorn

[link to www.theatlantic.com]
Anonymous Coward (OP)
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Mexico
01/28/2013 05:22 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
...and "Britain's economy is a disaster!" popcorn

[link to www.theatlantic.com]
 Quoting: Anonymous Coward 33173981


But Europe recovery or so !!??

[link to www.ft.com]


ahhh
TheMacaroni

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01/28/2013 05:25 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
The Euro has already collapsed they are just waiting for the tsunami to hit before they announce itsecretsgoodnews
Anonymous Coward
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01/28/2013 05:26 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
So I guess the Frenchies will be storming the Bastille again?
Anonymous Coward
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01/28/2013 05:29 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
The United States has more debt than the whole rest of the world put together.

Country Comparison :: Current account balance
[link to www.cia.gov (secure)]

USA! We're Number 194!

flag waver
Anonymous Coward
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United States
01/28/2013 05:30 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
France deserves to burn and perish in flames.

Anonymous Coward
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United States
01/28/2013 05:32 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
The United States has more debt than the whole rest of the world put together.

Country Comparison :: Current account balance
[link to www.cia.gov (secure)]

USA! We're Number 194!

flag waver
 Quoting: Anonymous Coward 24068510


I don't think that is an entirely fair statement. The US has not had a budget in 4 years. Exactly what numbers are they1dunno1 using?
Anonymous Coward
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France
01/28/2013 05:34 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
French matured to be good slaves it's up then to the "master" to milk them up, they might do shit for a week or two but finally they will submit to work overtime and repay the impossible bill, because they're good slave material.
Anonymous Coward (OP)
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Mexico
01/28/2013 05:40 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
France deserves to burn and perish in flames.


 Quoting: Anonymous Coward 33221592


:chuckles:
Anonymous Coward
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United States
01/28/2013 05:42 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
The United States has more debt than the whole rest of the world put together.

Country Comparison :: Current account balance
[link to www.cia.gov (secure)]

USA! We're Number 194!

flag waver
 Quoting: Anonymous Coward 24068510


I don't think that is an entirely fair statement. The US has not had a budget in 4 years. Exactly what numbers are they1dunno1 using?
 Quoting: Anonymous Coward 32877937


Good point. We could be even further in the hole than that.
Anonymous Coward
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United States
01/28/2013 05:48 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
The United States has more debt than the whole rest of the world put together.

Country Comparison :: Current account balance
[link to www.cia.gov (secure)]

USA! We're Number 194!

flag waver
 Quoting: Anonymous Coward 24068510


I don't think that is an entirely fair statement. The US has not had a budget in 4 years. Exactly what numbers are they1dunno1 using?
 Quoting: Anonymous Coward 32877937


In accumulated external debt as of 2013 we have 16.4 trillion in debt, that is nearly 400 billion more than the entire EU. That is nearly more than the next 4 nations in total external debt.
You don't have to be Hawking to realize shit aint good.

We are broke flatter than a dog's dick.
AC/DC current
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Poland
01/28/2013 05:55 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
France deserves to burn and perish in flames.


 Quoting: Anonymous Coward 33221592


:chuckles:
 Quoting: Anonymous Coward 33008981


devil6You go first ;

Vosotros sois primeros ana
Anonymous Coward
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United Kingdom
01/28/2013 05:55 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
Just a matter of time before economic doom becomes a reality for the masses then sheeple will realise they have been had. But it will be too late for them.
Anonymous Coward (OP)
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Mexico
01/28/2013 05:58 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
THEY WILL GET ANOTHER 5 DE MAYO DEFEAT !!

cruise
insertfunnyusername

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01/28/2013 06:00 PM

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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
eurozoneout
Anonymous Coward (OP)
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01/28/2013 06:04 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
[link to www.telegraph.co.uk]
Anonymous Coward
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United States
01/28/2013 06:06 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
I don't think that is an entirely fair statement. The US has not had a budget in 4 years. Exactly what numbers are they1dunno1 using?
 Quoting: Anonymous Coward 32877937


Good point. We could be even further in the hole than that.
 Quoting: Anonymous Coward 24068510


In accumulated external debt as of 2013 we have 16.4 trillion in debt, that is nearly 400 billion more than the entire EU. That is nearly more than the next 4 nations in total external debt.
You don't have to be Hawking to realize shit aint good.

We are broke flatter than a dog's dick.
 Quoting: Anonymous Coward 32865254


But Chuck Schumer said on T.V. last week that the budgetary controls that the USA is operating under is even better than operating under a budget. If the framework is better, surely the data is as well?

Also, Krugman, nobel laureate, was on bloomberg T.V. today and he said the USA's deficits and debt are not a problem at all. He did not call out GLP specifically, but he said people who think the US debt/deficits are important don't know what they are talking about. (doomtards)

1dunno1
Anonymous Coward
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United States
01/28/2013 06:49 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
The United States has more debt than the whole rest of the world put together.

Country Comparison :: Current account balance
[link to www.cia.gov (secure)]

USA! We're Number 194!

flag waver
 Quoting: Anonymous Coward 24068510


I don't think that is an entirely fair statement. The US has not had a budget in 4 years. Exactly what numbers are they1dunno1 using?
 Quoting: Anonymous Coward 32877937


In accumulated external debt as of 2013 we have 16.4 trillion in debt, that is nearly 400 billion more than the entire EU. That is nearly more than the next 4 nations in total external debt.
You don't have to be Hawking to realize shit aint good.

We are broke flatter than a dog's dick.
 Quoting: Anonymous Coward 32865254


America is the most powerful effective wealth creation machine human civilization has ever known. Enormous leaps in technology innovation and industrialization. America can and by all accounts will come back even stronger.

France is a socialist nation it doesnt create wealth it redistributes it and tries to improve standard of living of all on the backs of the few. America is not in no way in the same boat as the EU.

Socialism works for a short period of time. America & its capitalist economy is built to produce wealth for the long haul.
Anonymous Coward
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01/28/2013 06:53 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
No country with fiat money can go bancrupt.
Anonymous Coward
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United States
01/28/2013 06:58 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
I don't think that is an entirely fair statement. The US has not had a budget in 4 years. Exactly what numbers are they1dunno1 using?
 Quoting: Anonymous Coward 32877937


Good point. We could be even further in the hole than that.
 Quoting: Anonymous Coward 24068510


In accumulated external debt as of 2013 we have 16.4 trillion in debt, that is nearly 400 billion more than the entire EU. That is nearly more than the next 4 nations in total external debt.
You don't have to be Hawking to realize shit aint good.

We are broke flatter than a dog's dick.
 Quoting: Anonymous Coward 32865254


But Chuck Schumer said on T.V. last week that the budgetary controls that the USA is operating under is even better than operating under a budget. If the framework is better, surely the data is as well?

Also, Krugman, nobel laureate, was on bloomberg T.V. today and he said the USA's deficits and debt are not a problem at all. He did not call out GLP specifically, but he said people who think the US debt/deficits are important don't know what they are talking about. (doomtards)

1dunno1
 Quoting: Anonymous Coward 32877937


Well, as long as the jews keep on telling us that the jewish money train will keep on chugging along, I guess we'll all be just fine.

Yup ohyeah

Just keep on printing that moolah.

[link to www.usdebtclock.org]

What could possibly go wrong?
Anonymous Coward
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01/28/2013 07:41 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
France deserves to burn and perish in flames.


 Quoting: Anonymous Coward 33221592


coooo-ul !!!!!!!!
Anonymous Coward
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United States
01/28/2013 07:48 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
No country with fiat money can go bancrupt.
 Quoting: Anonymous Coward 33200643


Sure it can, banks, corporations and individuals all hold government debt as assets. Once you have diluted something to the point where it no longer holds value, you have reached a point of bankruptcy and all those bonds held by governments corporations and individuals is worthless.

Eventually all this debt will be repudiated as you can't even issue enough new debt to pay interest on the past debt.

Learn about exponential math.

.
Lusciouslee

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United States
01/28/2013 07:52 PM

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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
Bunch of ignorant a on this thread.
Xxx
Anonymous Coward
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01/28/2013 07:53 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
No country with fiat money can go bancrupt.
 Quoting: Anonymous Coward 33200643


Sure it can, banks, corporations and individuals all hold government debt as assets. Once you have diluted something to the point where it no longer holds value, you have reached a point of bankruptcy and all those bonds held by governments corporations and individuals is worthless.

Eventually all this debt will be repudiated as you can't even issue enough new debt to pay interest on the past debt.

Learn about exponential math.

.
 Quoting: Anonymous Coward 961432


Nothing to worry about for at least 20 years.
Anonymous Coward
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United States
01/28/2013 07:54 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
Iceland is the only western country that isn't bankrupt to the Bankster criminals.
Anonymous Coward
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01/28/2013 07:55 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
No country with fiat money can go bancrupt.
 Quoting: Anonymous Coward 33200643


well, then, why did the Soviet Union economically collapse
to the point that they don't even exist anymore?
Anonymous Coward
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Egypt
01/28/2013 08:01 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
Don't panic - France just secured the gold in Mali, they're the 3rd biggest exporter of gold...and sure there's other riches . But they were worried about some Manuscripts, and Islamists, remember that one.
Oh and congrats to Mali, IMF granted them a 18.4 Million Dollar loan today. Quick I would say, isn't it? Coincidence?
Balloons

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Denmark
01/28/2013 08:01 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
France deserves to burn and perish in flames.


 Quoting: Anonymous Coward 33221592


naughty
Put a lion in a cage for years without food and watch what happens.
Its appetite will of cause grow and grow, and then you point your finger at its hunger?
Anonymous Coward
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United States
01/28/2013 08:21 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
No country with fiat money can go bancrupt.
 Quoting: Anonymous Coward 33200643


Sure it can, banks, corporations and individuals all hold government debt as assets. Once you have diluted something to the point where it no longer holds value, you have reached a point of bankruptcy and all those bonds held by governments corporations and individuals is worthless.

Eventually all this debt will be repudiated as you can't even issue enough new debt to pay interest on the past debt.

Learn about exponential math.

.
 Quoting: Anonymous Coward 961432


Nothing to worry about for at least 20 years.
 Quoting: Anonymous Coward 33200643


How much of your income was devoted to food, shelter, energy 20 years ago versus today?

Even the fed admits inflation, dramatically understated, but they admit it, heck they mandate it.

Again, learn some math you will be a wiser individual for the effort.

.
Anonymous Coward
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01/28/2013 08:23 PM
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Re: WTF !! Labor Minister Says France Is "Totally Bankrupt" !!
No country with fiat money can go bancrupt.
 Quoting: Anonymous Coward 33200643


well, then, why did the Soviet Union economically collapse
to the point that they don't even exist anymore?
 Quoting: Anonymous Coward 32903826


They didn't collapse because of debt.