A chilling summary of the Euro crisis

Big Business, Small Business, Investments, and Personal Finances
Post Reply
Bruv
Posts: 12181
Joined: Sat Aug 18, 2007 3:05 pm

A chilling summary of the Euro crisis

Post by Bruv »

25 Signs That The Smart Money Has Completely Written Off Southern Europe

Frightening or what ?
I thought I knew more than this until I opened my mouth
gmc
Posts: 13566
Joined: Sun Aug 29, 2004 9:44 am

A chilling summary of the Euro crisis

Post by gmc »

It was smart money that got us in to this mess. smart money is shitting itself that perhaps they have gone too far and they are about to get smacked around by the people who are suffering because of them. Economists have created a fantasy world for themselves where people are just cogs in their machine it doesn't work and never will - who knows we might see a return to classic liberal capitalism instead of what is masquerades as it nowadays but I think it will take the curtailing of the banks and their influence first. The only people who create wealth are those who grow things or make tghings to sell- all else either helps that process or becomes parasitical. The banks have become parasites. Americans have been predicting the collapse of the eu for decades America is in bigger **** heap than we are they just don't know it yet. This rot started in America we were stupid enough to go along with it.
Clodhopper
Posts: 5115
Joined: Mon Feb 25, 2008 5:11 pm

A chilling summary of the Euro crisis

Post by Clodhopper »

Spain is certainly looking very wonky just now, and Robert Peston on the BBC site was also going on about the flight of money from south to north. Greece appears to be moving towards accepting the EU's conditions, if the latest polls are to be believed. Who knows what will happen? Not me, that's for sure. If things do go kerplumph, it could happen very fast indeed - remember our exit from the Euro?

...think I'll just turn on the telly and check...
The crowd: "Yes! We are all individuals!"

Lone voice: "I'm not."
Bruv
Posts: 12181
Joined: Sat Aug 18, 2007 3:05 pm

A chilling summary of the Euro crisis

Post by Bruv »

Clodhopper;1394840 wrote: ...................remember our exit from the Euro?


To be honest.....no.
I thought I knew more than this until I opened my mouth
Clodhopper
Posts: 5115
Joined: Mon Feb 25, 2008 5:11 pm

A chilling summary of the Euro crisis

Post by Clodhopper »

As I recall it the thing went public about lunchtime, and by the evening we were out.
The crowd: "Yes! We are all individuals!"

Lone voice: "I'm not."
Bruv
Posts: 12181
Joined: Sat Aug 18, 2007 3:05 pm

A chilling summary of the Euro crisis

Post by Bruv »

Clodhopper;1394877 wrote: As I recall it the thing went public about lunchtime, and by the evening we were out.


All together now "In out, in out, shake it all about, we do the hokey kokey................."

Thought we only ever spoke about it.
I thought I knew more than this until I opened my mouth
Clodhopper
Posts: 5115
Joined: Mon Feb 25, 2008 5:11 pm

A chilling summary of the Euro crisis

Post by Clodhopper »

...sorry. I meant the ERM, not the Euro...:o
The crowd: "Yes! We are all individuals!"

Lone voice: "I'm not."
Bruv
Posts: 12181
Joined: Sat Aug 18, 2007 3:05 pm

A chilling summary of the Euro crisis

Post by Bruv »

Clodhopper;1394883 wrote: ...sorry. I meant the ERM, not the Euro...:o


Erm err erm.....yes that's probably correct.
I thought I knew more than this until I opened my mouth
Clodhopper
Posts: 5115
Joined: Mon Feb 25, 2008 5:11 pm

A chilling summary of the Euro crisis

Post by Clodhopper »

chuckle.

Whatever it is, Spain doesn't appear to have fallen/run screaming out of it yet. But Italy, Greece and Spain, all basket cases? Can they really keep it together?
The crowd: "Yes! We are all individuals!"

Lone voice: "I'm not."
Bruv
Posts: 12181
Joined: Sat Aug 18, 2007 3:05 pm

A chilling summary of the Euro crisis

Post by Bruv »

Clodhopper;1394914 wrote: chuckle.

But Italy, Greece and Spain, all basket cases? Can they really keep it together?


I genuinely believe we are ALL basket cases, and try as much as we can we will fail to keep it all together.

We are all riding on the back of a tiger, hanging on for dear life, afraid to fall.
I thought I knew more than this until I opened my mouth
Clodhopper
Posts: 5115
Joined: Mon Feb 25, 2008 5:11 pm

A chilling summary of the Euro crisis

Post by Clodhopper »

Could be mate. I've no certainties in this area.

Spain is least safe on the tiger at present. We're not even on the Tiger, we're in a cart it's pulling along...
The crowd: "Yes! We are all individuals!"

Lone voice: "I'm not."
User avatar
Oscar Namechange
Posts: 31842
Joined: Wed Jul 30, 2008 9:26 am

A chilling summary of the Euro crisis

Post by Oscar Namechange »

I think we should all get down on our knee's and Thank His Lushiness and Gorgeousness for keeping us out of the Euro.

In Fact, I think we should demand a statue In Hyde Park to honour the great man.
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
User avatar
AnneBoleyn
Posts: 6632
Joined: Sun Dec 11, 2011 3:17 pm

A chilling summary of the Euro crisis

Post by AnneBoleyn »

oscar;1395101 wrote: I think we should all get down on our knee's and Thank His Lushiness and Gorgeousness for keeping us out of the Euro.

In Fact, I think we should demand a statue In Hyde Park to honour the great man.
Who is Mr. Lushengorgeous?
User avatar
AnneBoleyn
Posts: 6632
Joined: Sun Dec 11, 2011 3:17 pm

A chilling summary of the Euro crisis

Post by AnneBoleyn »

Someone should censor Lushengorgeous.

:lips::yh_think:yh_ooooo:yh_shame
User avatar
Oscar Namechange
Posts: 31842
Joined: Wed Jul 30, 2008 9:26 am

A chilling summary of the Euro crisis

Post by Oscar Namechange »

AnneBoleyn;1395175 wrote: Who is Mr. Lushengorgeous? The greatest Prime Minister Britain ever had. Gordon Brown

Attached files
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bruv
Posts: 12181
Joined: Sat Aug 18, 2007 3:05 pm

A chilling summary of the Euro crisis

Post by Bruv »

Your on a wind up ain't cha?
I thought I knew more than this until I opened my mouth
User avatar
Oscar Namechange
Posts: 31842
Joined: Wed Jul 30, 2008 9:26 am

A chilling summary of the Euro crisis

Post by Oscar Namechange »

Bruv;1395184 wrote: Your on a wind up ain't cha? Que ????
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
gmc
Posts: 13566
Joined: Sun Aug 29, 2004 9:44 am

A chilling summary of the Euro crisis

Post by gmc »

oscar;1395181 wrote: The greatest Prime Minister Britain ever had. Gordon Brown


Pass the sick bag.
Clodhopper
Posts: 5115
Joined: Mon Feb 25, 2008 5:11 pm

A chilling summary of the Euro crisis

Post by Clodhopper »

Well, the current crisis seems to boil down to Bankia maybe needing a whopping bail out and Spain maybe not having the readies to do it if required - and then the question of whether Europe has the readies to bail out Spain if needed. That's one possible kerplumph scenario.

The other appears to be that to get out of its current economic situation, Spain needs to do the opposite with its interest rates to what the Euro is currently doing. And the only way it can do that is to leave the Euro. Possible kerplumph no.2.

That's leaving out Greece, which is an entire other set of possible kerplumphs, and Italy, which appears to be in the naughty corner but no worse at present.

That about it?

edit: While I'm at it, it seems that the only European country to benefit from the current interest rate situation is Germany, and it remains to be seen what will happen in a clash between Germany's economic power and Europe's political power.
The crowd: "Yes! We are all individuals!"

Lone voice: "I'm not."
Clodhopper
Posts: 5115
Joined: Mon Feb 25, 2008 5:11 pm

A chilling summary of the Euro crisis

Post by Clodhopper »

Update.

George Soros is one of the international financiers I listen to when he speaks. Here's the core of it for those who can't link to the site:

He said he believed Greece would elect a government willing to abide by loan conditions imposed by the EU in this month's elections.

But he said the German economy would begin to weaken in the autumn, making it much harder for Chancellor Angela Merkel to provide further support.

He said leaders did not understand "the nature of the crisis".

He said that while European leaders were focusing on debt levels, the crisis was "more of a banking problem and a problem of competitiveness".

For this reason, he said they had "applied the wrong remedy".

"You cannot reduce the debt burden by shrinking the economy, only by growing your way out of it," he added.


Link to article:

BBC News - George Soros says three months to save the euro
The crowd: "Yes! We are all individuals!"

Lone voice: "I'm not."
User avatar
Oscar Namechange
Posts: 31842
Joined: Wed Jul 30, 2008 9:26 am

A chilling summary of the Euro crisis

Post by Oscar Namechange »

gmc;1395258 wrote: Pass the sick bag.
I think It's a boak bag In your neck of the woods.....

Now correct me If I'm wrong but didn't his wonderfulness achieve a landslide In your neck of the woods?

:p:p:p
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Post Reply

Return to “Wall Street to Main Street”