Author Topic: Is the EU Going to Topple?  (Read 104547 times)

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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #140 on: February 14, 2012, 08:13:23 PM »
I know which end of the transaction I'd rather be on.  The scary part is coming though, the erosion of confidence in all forms of paper is waning, and when it goes completely kaboom...well, can't have a market if you don't have anything of value.  Barter economics at its basic level is coming to us all soon enough.
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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #141 on: February 21, 2012, 07:14:18 AM »
This is good, many knew the Greek bailout was doomed to fail, yet they went ahead anyway, proof positive that "you can't fix stupid"!

http://www.businessinsider.com/leaked-memo-blows-the-lid-off-of-the-entire-greek-bailout-2012-2
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Offline Sectionhand

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Re: Is the EU Going to Topple?
« Reply #142 on: February 21, 2012, 10:15:58 AM »
This is good, many knew the Greek bailout was doomed to fail, yet they went ahead anyway, proof positive that "you can't fix stupid"!

http://www.businessinsider.com/leaked-memo-blows-the-lid-off-of-the-entire-greek-bailout-2012-2

With private investors getting it broken off in their a$$es to the tune of over 50% this was sounding more and more like the GM bailout .

Offline Weisshaupt

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Re: Is the EU Going to Topple?
« Reply #143 on: February 21, 2012, 11:10:06 AM »
This is good, many knew the Greek bailout was doomed to fail, yet they went ahead anyway, proof positive that "you can't fix stupid"!

http://www.businessinsider.com/leaked-memo-blows-the-lid-off-of-the-entire-greek-bailout-2012-2

What else are you going to do? Admiting defeat will cause a collapse now vs. later. Later is ALWAYS better right?
http://www.zerohedge.com/news/greece-debt-deal-kicking-giant-beer-keg-down-road-risks-destroying-road

Meanwhile the stock market is climbing on all that new money printing. Ride the wave.

http://www.zerohedge.com/news/here-why-dow-just-passed-13000...


But if you want to see what is really happening look at the market priced in gold
http://www.zerohedge.com/news/dow-passes-13000-nominal-terms-here-real-picture

And remember - "Gold is in a Bubble", so its  overvalued if that is true. So if that is true, the graphs at the last link are even worse.. 








Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #144 on: February 21, 2012, 11:15:08 AM »
This is good, many knew the Greek bailout was doomed to fail, yet they went ahead anyway, proof positive that "you can't fix stupid"!

http://www.businessinsider.com/leaked-memo-blows-the-lid-off-of-the-entire-greek-bailout-2012-2

What else are you going to do? Admiting defeat will cause a collapse now vs. later. Later is ALWAYS better right?
http://www.zerohedge.com/news/greece-debt-deal-kicking-giant-beer-keg-down-road-risks-destroying-road

Meanwhile the stock market is climbing on all that new money printing. Ride the wave.

http://www.zerohedge.com/news/here-why-dow-just-passed-13000...


But if you want to see what is really happening look at the market priced in gold
http://www.zerohedge.com/news/dow-passes-13000-nominal-terms-here-real-picture

And remember - "Gold is in a Bubble", so its  overvalued if that is true. So if that is true, the graphs at the last link are even worse.. 









But if you want to see what is really happening look at the market priced in gold
http://www.zerohedge.com/news/dow-passes-13000-nominal-terms-here-real-picture

And remember - "Gold is in a Bubble", so its  overvalued if that is true. So if that is true, the graphs at the last link are even worse.. 

THAT!!!
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Offline Weisshaupt

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Re: Is the EU Going to Topple?
« Reply #145 on: February 21, 2012, 02:50:55 PM »
Or if you don't like using "gold" as the wealth reference, about using the S&P priced in Oil

http://www.zerohedge.com/news/presenting-biggest-tradeoff-surging-stock-market

Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #146 on: February 22, 2012, 07:21:47 AM »
Heh, gallons of gas.  Commodities have an intrinsic value that cannot be wished away, the other markets have been debased by the Neo-Keynesian's fiat money.  SSDD, rinse & repeat until the collapse ends the circus.
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Offline Weisshaupt

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Re: Is the EU Going to Topple?
« Reply #147 on: February 22, 2012, 07:50:28 AM »
Heh, gallons of gas.  Commodities have an intrinsic value that cannot be wished away, the other markets have been debased by the Neo-Keynesian's fiat money.  SSDD, rinse & repeat until the collapse ends the circus.

Thats going to happen soon right?  I can't take much more of this. Obama reiterated today that he has no intention of obeying the Constitution if congress refuses to act - which of course means  "refusing to act the way hey wants" - the announcment that he didn't turn down the XL Pipeline, but that it was a result of congress not offering him a choice he wanted  proves that. I  can wait till the starving little monkeys he helped create drag Borat from his office and hang him on his petard of hope N change. The Tea Party groups the IRS is harrassing are refusing to comply.
http://dailycaller.com/2012/02/22/congressional-investigations-sought-over-irs-assault-on-tea-party-groups/

Hope we see much more of that, and I think we will if the Court upholds Obamacare, or even if Borat wins the election. Obama 2012: Lets see how bad, bad can get.

Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #148 on: February 22, 2012, 07:54:53 AM »
Heh, gallons of gas.  Commodities have an intrinsic value that cannot be wished away, the other markets have been debased by the Neo-Keynesian's fiat money.  SSDD, rinse & repeat until the collapse ends the circus.

Thats going to happen soon right?  I can't take much more of this. Obama reiterated today that he has no intention of obeying the Constitution if congress refuses to act - which of course means  "refusing to act the way hey wants" - the announcment that he didn't turn down the XL Pipeline, but that it was a result of congress not offering him a choice he wanted  proves that. I  can wait till the starving little monkeys he helped create drag Borat from his office and hang him on his petard of hope N change. The Tea Party groups the IRS is harrassing are refusing to comply.
http://dailycaller.com/2012/02/22/congressional-investigations-sought-over-irs-assault-on-tea-party-groups/

Hope we see much more of that, and I think we will if the Court upholds Obamacare, or even if Borat wins the election. Obama 2012: Lets see how bad, bad can get.

Yes, I have my "Resist I Much" gameface on!   ::thumbsup::

ETA - These Tea Party people need some support, not just in Congress, but physical, and armed!   ;)
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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #149 on: February 22, 2012, 09:21:47 AM »
Man, if the idiots back here get this idea...let them try it on their own, the unionistas, wouldn't that be a hoot?!

Greece Unveils The Negative Salary
http://www.zerohedge.com/news/its-official-greece-unveils-negative-salary
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Online Pandora

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Re: Is the EU Going to Topple?
« Reply #150 on: February 22, 2012, 09:36:11 AM »
Quote
The Tea Party groups the IRS is harrassing are refusing to comply.

They don't comply, they don't get the tax exemption unless Congress does something helpful.  Do they intend to file as though they're in compliance?
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Offline BMG

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Re: Is the EU Going to Topple?
« Reply #151 on: April 23, 2012, 07:50:36 AM »
http://www.cnbc.com/id/47140237

Quote
The Dutch government’s failure to reach an agreement in talks to achieve tough spending cuts could see ratings agencies cut the country’s prized AAA-rating and nervous investors push up the country’s borrowing costs, and it will also have wider implications for the euro zone as a whole, analysts said on Monday.
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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #152 on: April 23, 2012, 08:54:15 AM »
And the contagion spreads...

Ahh, summertime in Europe!
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charlesoakwood

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Re: Is the EU Going to Topple?
« Reply #153 on: April 23, 2012, 11:49:32 AM »

They've got to take care of all this business before summer actual.
Because in the summertime they shut down, take vacation and
leave business to the peasants.

Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #154 on: April 23, 2012, 12:44:12 PM »

They've got to take care of all this business before summer actual.
Because in the summertime they shut down, take vacation and
leave business to the peasants.


And then the tourists roll in and wonder why the hotel and restraunt staff are so rude!

 ::hysterical::
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Offline BMG

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Re: Is the EU Going to Topple?
« Reply #155 on: April 24, 2012, 01:27:43 PM »
LINK

Quote
Spain's borrowing rate nearly doubled in a short-term debt auction as investors fretted over the euro zone's determination to deal with its debts.

And Italy raised nearly €3.5 billion in a short-term bond sale today but at sharply higher interest rates amid fresh concerns over the euro zone outlook, the Bank of Italy said.

Quote
Fresh concerns, however, over whether fellow eurozone struggler Spain can stabilise its public finances, coupled with nervousness over the French presidential elections and the political crisis in the Netherlands has turned sentiment for the worse again.

LINK

Quote
Greece's economy will contract a deeper than expected 5 percent this year, the country's central bank chief said on Tuesday, piling more pressure on to a citizenry already battered by crippling austerity and record joblessness.

And the pain of socialism continues...
...and yet, over in France the voters seem to be ready to double down and make it all even worse. France going full-on socialist would probably put the final nail in the coffin of the EU.
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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #156 on: April 24, 2012, 02:30:11 PM »
And the pain of socialism continues...
...and yet, over in France the voters seem to be ready to double down and make it all even worse. France going full-on socialist would probably put the final nail in the coffin of the EU.


It will also be a shot across the bow of Germany, I could see them saying "to hell with this crap!", and bolt the EU!  England would likely follow, maybe a couple others...
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Offline Libertas

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Re: Is the EU Going to Topple?
« Reply #157 on: April 27, 2012, 09:11:32 AM »
Nice chart.  How bad can "derailment" be?

/

http://www.zerohedge.com/news/europe-you-are-here
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Offline BMG

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Re: Is the EU Going to Topple?
« Reply #158 on: May 01, 2012, 03:53:14 PM »
http://pjmedia.com/eddriscoll/2012/04/29/around-the-world-in-80-basis-points/?singlepage=true

Quote
No sooner had Lehman Brothers collapsed than the printing presses started to roll out copies of Galbraith’s book on the debacle of 1929, The Great Crash. In fact, it couldn’t be printed fast enough, paperback books being affordable even in times of crisis. Galbraith was the hero of a recent PBS documentary extolling the value of big government. And demand management à la Galbraith is now back with a vengeance, of course. If the improvidently indebted but now impecunious private citizen won’t spend and thereby expand economic activity, the improvidently indebted but infinitely expandable government will do it for him.

So how’s that working out? Pretty badly, if these recent stories are any indication. First up, at Big Peace, founded by the late Andrew Breitbart, John J. Xenakis has this news of fresh disaster from Europe: “Spain Unemployment Near 25%; Britain Enters Double-Dip Recession”:

        Spain’s economy keeps spiraling downward as unemployment rises to 25%
        Switzerland considers paying illegal aliens to leave Switzerland
        Britain’s economy moves into a ‘double-dip’ recession
        Germany’s Angela Merkel angrily repudiates François Hollande’s campaign promises
        Greece’s elections driven by anti-austerity, anti-immigrant fervor
        Romania’s government collapses, Czech government survives, in anti-austerity anger

This piece covers much of the world but it seemed to fit in this thread nicely so here it is.

On the one hand I'm convinced that the EU is going to crash and fairly soon too...and I think that it will be a good thing. Sure it will be terrible as far as the misery that will come about because of it. But at the same time I think that that is what it will take for people to pull their heads out of their nether-regions and get a breath of fresh air; ala reality. 



“The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government.” 
- Patrick Henry

"The more corrupt the state, the more it legislates."
- Tacitus

Offline AlanS

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Re: Is the EU Going to Topple?
« Reply #159 on: May 01, 2012, 05:46:33 PM »
But at the same time I think that that is what it will take for people to pull their heads out of their nether-regions and get a breath of fresh air; ala reality. 


The leaches will never accept reality, no matter how hard it hits them over the head.
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