KM4RT Posted May 30, 2010 Share Posted May 30, 2010 Greek bailout by IMF and Co Spain's credit rating downgraded Spending cuts in Spain, Portugal, others Germany umad in general, especially about short selling Will the EU survive this crisis? Discuss. Quote Link to comment Share on other sites More sharing options...
christo-f Posted May 31, 2010 Share Posted May 31, 2010 WHo wants to buy some Euro based bonds? I've got Greek, Italian, Irish, Portuguese and Spanish, going cheap!! Buy them and use them to bet on the next German election. Quote Link to comment Share on other sites More sharing options...
Decyferon Posted May 31, 2010 Share Posted May 31, 2010 I always thought something like this might happen with the Eurozone, I don't see how countries like Greece or Portugal were able to have the same currency as the Germans. The German economy was much stronger and it just seemed weird to me, like the economies were misbalanced and others would be pulling the weight of others. I was glad the UK didn't join the euro however we are getting caught up in all this bullshit even though we are not a euro currency country. I think the EU will survive this, simply because these poorer Euro countries will need the EU to back them up and provide support. Quote Link to comment Share on other sites More sharing options...
Pet Posted May 31, 2010 Share Posted May 31, 2010 Sell currency, buy gold. Quote Link to comment Share on other sites More sharing options...
UPS! Posted May 31, 2010 Share Posted May 31, 2010 Im sure they will but this is the perfect example of why a unified currency would be a mistake. It must especially suck having your money system tied into a country like greece that has civil unrest and riots everytime they close down a coffe shop. Fuck that shit. I also read today however that the Asian markets are moving closer toward recover, however the dollar gained on the yen but fell against the Euro. Money matters are crazy shit, anything outside a stack and the dudes on wall street can deal with it for all im concerned Quote Link to comment Share on other sites More sharing options...
Zig Posted May 31, 2010 Share Posted May 31, 2010 Warning Signs Of Full Spectrum Collapse Are Everywhere http://neithercorp.us/npress/?p=512 alarmist, yea i know but what the hell. Quote Link to comment Share on other sites More sharing options...
KM4RT Posted June 1, 2010 Author Share Posted June 1, 2010 I was kinda pissed at the panic in equity markets and the AU$ sell off. Quote Link to comment Share on other sites More sharing options...
KM4RT Posted June 1, 2010 Author Share Posted June 1, 2010 There are benefits to eu membership and unified currency....economic efficiency, stability, access to intl marketa especially by weaker economies. Quote Link to comment Share on other sites More sharing options...
e2ekillr Posted June 1, 2010 Share Posted June 1, 2010 I always thought something like this might happen with the Eurozone, I don't see how countries like Greece or Portugal were able to have the same currency as the Germans. Let me tell you basically nobody over here wanted the damn Euro in the first place, every halfway sane person knew that economies like Italy and Greece would cause problems sooner or later. However, our europhile gov shove it down our throat without asking. Same thing with Maastricht, Lissabon, Schengen etc. Quote Link to comment Share on other sites More sharing options...
christo-f Posted June 1, 2010 Share Posted June 1, 2010 What country are you in, if you don't mind me asking e2e? Quote Link to comment Share on other sites More sharing options...
e2ekillr Posted June 1, 2010 Share Posted June 1, 2010 ^ Ha, you didn't notice yet? guess: Quote Link to comment Share on other sites More sharing options...
christo-f Posted June 1, 2010 Share Posted June 1, 2010 Hmmm,beautiful blonde girls and beer......, Poland? Jks, say hi to Fritz and Gunter for me. Quote Link to comment Share on other sites More sharing options...
RIPS Posted October 5, 2010 Share Posted October 5, 2010 "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan 1966 Quote Link to comment Share on other sites More sharing options...
KM4RT Posted November 16, 2010 Author Share Posted November 16, 2010 Bump. Collapsing Irish banking system, no word yet of a bailout. Austria is complaining about Greece failing to meet austerity measures. Are Spain and Portugal next? What's the future of the eurozone? It seems to be the root cause - 16 nations, with differing economies, operating under a single central bank, a single interest rate, a single currency. Quote Link to comment Share on other sites More sharing options...
once upon a crime Posted November 18, 2010 Share Posted November 18, 2010 socialism???? nahhhh, its all bush's fault.... LMAO Quote Link to comment Share on other sites More sharing options...
bodice_ripper Posted November 22, 2010 Share Posted November 22, 2010 we collapsed. its been coming for years and years and years Quote Link to comment Share on other sites More sharing options...
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