Author Topic: Is the EU Going to Topple?  (Read 104418 times)

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Offline Libertas

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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #301 on: March 24, 2015, 12:22:11 PM »


Darth Soros, Dark Prince of the Sith - The chances of Greece leaving the euro area are now 50-50 and the country could go “down the drain,”

http://www.zerohedge.com/news/2015-03-24/george-soros-warns-greece-going-down-drain

Well, nobody knows evil and making things go down drains like the Dark Prince...
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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #302 on: April 01, 2015, 07:46:39 AM »
Heh.  Greece threatens to go to Bitcoin!

http://www.zerohedge.com/news/2015-04-01/greek-finmin-greece-will-adopt-bitcoin-if-eurogroup-doesnt-give-us-deal

Has to be an April Fool's joke, right?   I mean why would Bitcoin want them?  And how the heck is this going to resolve past debt obligations or spawn new generation?  It won't!

This I think is a load of Obama...
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Offline Weisshaupt

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Re: Is the EU Going to Topple?
« Reply #303 on: April 01, 2015, 08:17:54 AM »
Has to be an April Fool's joke, right?   I mean why would Bitcoin want them?  And how the heck is this going to resolve past debt obligations or spawn new generation?  It won't!

Actually this is one of the smarter ideas I have heard.  Bitcoin doesn't have to want them.. and they can't deny them either.  ANYONE can mine bitcoin.
If the Greece put state resources behind mining bitcoin it would give the currency a bit of needed offical backing, and the govt could no longer cheat and just print it.. and state resources would probably allow Greece to become the premier bitcoin trading house if they wanted to be..

There are actually a lot of possibilities with this..
 

Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #304 on: April 01, 2015, 08:38:54 AM »
Has to be an April Fool's joke, right?   I mean why would Bitcoin want them?  And how the heck is this going to resolve past debt obligations or spawn new generation?  It won't!

Actually this is one of the smarter ideas I have heard.  Bitcoin doesn't have to want them.. and they can't deny them either.  ANYONE can mine bitcoin.
If the Greece put state resources behind mining bitcoin it would give the currency a bit of needed offical backing, and the govt could no longer cheat and just print it.. and state resources would probably allow Greece to become the premier bitcoin trading house if they wanted to be..

There are actually a lot of possibilities with this..

From a medium of exchange point of view, perhaps, even then though it will make interstate/global commerce problematic and the Euro's for sure will boycott business with Greece and discourage others from trading with them.

And it does nothing to solve their debt issues...unless they are prepared to fully go it alone and tell creditors to bugger off and operate without debt financing.

Frankly I don't think they can survive that way...

This is country has always been socialist and has always robbed Petros to pay Paulos after all...
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Offline Weisshaupt

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Re: Is the EU Going to Topple?
« Reply #305 on: April 01, 2015, 10:19:56 AM »

From a medium of exchange point of view, perhaps, even then though it will make interstate/global commerce problematic and the Euro's for sure will boycott business with Greece and discourage others from trading with them.

And it does nothing to solve their debt issues...unless they are prepared to fully go it alone and tell creditors to bugger off and operate without debt financing.

Frankly I don't think they can survive that way...

This is country has always been socialist and has always robbed Petros to pay Paulos after all...

It would just mean that if you want to trade with Greece, then you convert to bit coin, and you already have an international exchange built for doing that.
Greenland left, cancelled their debts, and got themselves on a sound footing. Greece COULD do the same, but as you said.. the culture is such that really becoming successful would be difficult.  Going with Bitcoin would allow them to mine bitcoin, which is itself a business that can create value.  Enough to run a full socialist state? Probably not,  but maybe enough to jump start a government back into being fiscally responsible. Culturally it would be difficult for them, but that is reality.  Culturally this will be bad for us as well. But reality doesn't give a damn, does it?
 

Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #306 on: April 01, 2015, 11:29:36 AM »

From a medium of exchange point of view, perhaps, even then though it will make interstate/global commerce problematic and the Euro's for sure will boycott business with Greece and discourage others from trading with them.

And it does nothing to solve their debt issues...unless they are prepared to fully go it alone and tell creditors to bugger off and operate without debt financing.

Frankly I don't think they can survive that way...

This is country has always been socialist and has always robbed Petros to pay Paulos after all...

It would just mean that if you want to trade with Greece, then you convert to bit coin, and you already have an international exchange built for doing that.
Greenland left, cancelled their debts, and got themselves on a sound footing. Greece COULD do the same, but as you said.. the culture is such that really becoming successful would be difficult.  Going with Bitcoin would allow them to mine bitcoin, which is itself a business that can create value.  Enough to run a full socialist state? Probably not,  but maybe enough to jump start a government back into being fiscally responsible. Culturally it would be difficult for them, but that is reality.  Culturally this will be bad for us as well. But reality doesn't give a damn, does it?

I'm with ya.  If this reality is the best we can hope for...we sure as Hell ain't hoping for (let alone working towards) much!

I'll take "Crash this shyt and start over for $200, Alex"!
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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #307 on: April 17, 2015, 06:54:36 AM »
Yeah, sure...this brilliant idea will work, really, give it a shot!

 ::hysterical::
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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #308 on: April 21, 2015, 07:45:00 AM »
Things starting to unravel in Greece...as the government moves to seize reserves, I'm sure this will all work out well.

 ::popcorn::

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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #309 on: April 22, 2015, 07:30:03 AM »
ECB pushing for a 50% writedown of Greek collateral?

Ouch, that'll leave a mark.  Not unexpected though.  I like how all the players in this act surprised by anything the other does or does not do.

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Offline Libertas

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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #311 on: May 11, 2015, 12:26:04 PM »
Germany to Greece - Accept austerity and stay in the EU, reject austerity and leave the EU.

Greece to Germany - We want to stay in the EU and reject austerity.

Russia to Greece - Come to the darkside (join the BRIC bank).

Greece to Russia -  ::whoohoo::

Before you get too giddy, y'all might want to read that really really small print and be sure your translations from Russian to Greek are really solid...because I got a feeling all your gold will be theirs, all your whatever has value will be theirs...your land will be theirs...and I doubt you'll like Russian austerity any better than EU austerity!

But hey, knock yourselves out!

 ::popcorn::
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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #313 on: May 21, 2015, 07:00:06 AM »
EU has interesting times ahead...Greece still in flux, now we have socialists in Portugul torked off over austerity, their neighbor Spain has been a basket-case for years and I am surprised it is still upright, Italy has been in and out of the woods so often their feet have to be ground into stumps and there has always been the looming UK threat to leave the union and now it appears as if the referrendum vote could come this year.

Shaping up for a heck of a summer and a swell finish to the year, eh?
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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #314 on: May 27, 2015, 07:36:03 AM »
As the EU wavers...Greeks suck out another e300, how much more paper money these Greeks have?  And what is happening with digital transfers?

http://www.zerohedge.com/news/2015-05-27/greece-nowhere-close-deal-depositors-pull-%E2%82%AC300-million-banks-single-day

Rock, meet Hard-Place...
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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #315 on: May 27, 2015, 10:28:37 AM »
And this plan of the EU to go after Mutlinationals trying to avoid taxes, we'll see how far this goes...if it is a toothless tiger or just another salvo triggering a counter-response by parent nations, etc etc...

Accounting Kabuki, Trade Kabuki, Currency Kabuki...it's all just Kabuki...
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Offline John Florida

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Re: Is the EU Going to Topple?
« Reply #316 on: May 27, 2015, 11:31:22 AM »
  The euro needs to drop a little as I'm going to Sicily this year.
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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #318 on: June 30, 2015, 07:14:20 AM »
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Offline Glock32

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Re: Is the EU Going to Topple?
« Reply #319 on: June 30, 2015, 10:59:40 AM »
Well, can't they just print some more money?
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