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Post by thirsty on Nov 24, 2011 8:01:02 GMT -5
I read a lot. A lot. I don't just read english either, I get enough exposure to continental europe through my daily perusal of various german 'daily's' that I get a good all around perspective of various trends that effect us globally. I'm gonna make this short and sweet, when Rupert Murdoch's news empire and his own legitimacy as a 'newsman' were called into question here a couple months back over the cellphone hacking affair it brought to light a really troubling trend I see throughout the western hemisphere, and even more so throughout the Anglosphere, the complete and utter lack of non-partisan and/or unbiased way in which our news is delivered to us. Look, its this simple, I read the german newspapers and I just don't get the urgency of this so called 'crisis'. Is there even a crisis? I can't say Europe isn't going to blow up, and I am not saying that Europe isn't going to have to change structurally, these are all part and parcel of the reforms the Germans are pushing on their more profligate continental brethren. I think the Rupert Murdoch affair really brought to light just how co-ordinated the Anglo banking/political/propaganda power structure is, Rupert Murdoch might as well be doing God's work himself. I think all this yammering in the Anlgo press is simply a deflection of where the true problem lies. It is interesting that the western world is governed to a large extent by the three city-states. The Vatican, DC, and the City. Conspiracy theorists believe that this extra-legal situation is not one of coincidence. Props to zerohedge for this great article. www.zerohedge.com/news/goldmans-sigma-x-hints-who-next-contagion-target
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Post by looter on Nov 24, 2011 9:44:28 GMT -5
This is an enlightening list of countries by external debt; en.m.wikipedia.org/wiki/List_of_countries_by_external_debtIt shows hoe much both public and private debt of each country is held by foreigners. The countries struggling the most have over 100% of GDP as external debt. I was amazed how much more external debt Germany has than the USA relative to GDP. Explains why Germany's recent bond auction failed? The U.K. is gonna go soon, then the other main Euro powers, then the USA etc. Canada looks good. Deflation makes debt harder to repay. Gonna be an interesting December!!
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Post by ses on Nov 24, 2011 11:20:18 GMT -5
So what percent of GDP is considered healthy. I noticed ours is just slightly better that Zimbabwe. That otta make you jitt yourself. lol.
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Post by linsal on Nov 24, 2011 19:04:02 GMT -5
I dunno Thirsty....my s-i-l lives in Vienna...she and my b-i-l are aware of the problems in the EU...she just started working for the IAEA and hopes to keep her job if the whole thing goes down. Take a look at the following article...methinks the Austrians know something is wrong...and also please note the poll on the LHS of the screen when you go to the link.... www.austriantimes.at/news/Business/2011-11-22/37668/Banks_asked_to_jack_up_equity
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Post by linsal on Nov 24, 2011 19:08:35 GMT -5
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Post by thirsty on Nov 24, 2011 21:25:29 GMT -5
I didn't say it was peaches and cream. Go read my post again, I am calling into question this idea that somehow Europe is far worse off than the most profligate - the UK. When was the last time you heard news on Britain's own situation, far worse than Italy's, Spain's and Greece's debt per capita altogether. And that is just my point, its a deflection, it is disingenous and it is purposeful. That is all.
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Post by thirsty on Nov 24, 2011 21:38:53 GMT -5
This is an enlightening list of countries by external debt; en.m.wikipedia.org/wiki/List_of_countries_by_external_debtIt shows hoe much both public and private debt of each country is held by foreigners. The countries struggling the most have over 100% of GDP as external debt. I was amazed how much more external debt Germany has than the USA relative to GDP. Explains why Germany's recent bond auction failed? The U.K. is gonna go soon, then the other main Euro powers, then the USA etc. Canada looks good. Deflation makes debt harder to repay. Gonna be an interesting December!! Yo Looter, US has had failed auctions galore, that is half the reason for Quantitive Easing, just as the Bundesbank steps in to buy unbought bonds in this instance, the Fed Reserve has been the SOLE buyer of Treasuries for most of the last year and much of the last three. It is this simple, you show me a country who's currency appreciated 70% against a basket of currencies in the last decade and at the same time went from a trade deficit to a massive trade surplus and I will show you a country that is a big middle finger to all the keynesianist printaholic faggots who seem to be part and parcel of what passes for high economic thought within the Anglo business and economic news corps. I do not know of a single politician within that particular country's federal govt who at any time believed and/or stated that printing money was the way forward. Its almost like they are openly willing to embrace 'deflation', or something like it, and seem to believe they can compete regardless. Peter Schiff gets it, or part of it, he's got something long and furry in his hand, he just doesn't realize its a Bengal Tiger. ;D www.nationalpost.com/opinion/Merkel+plan+could+save+euro/5759494/story.html
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Post by thirsty on Dec 4, 2011 22:19:17 GMT -5
More on this: www.nakedcapitalism.com/2011/12/david-apgar-could-germany-be-right-about-the-euro.htmlLet me put it this way. The Germans could give a flying frick if every commercial bank on the planet went tits up tomorrow. They have always had a 'major' issue with banking anyway, most of their exporters are capable of vendor financing as it is. BMW's will get sold regardless if the Quandt's have to hold the note or not, that is fine by them. This whole crisis is a problem for the free lunch crowd in London and in New York. The world is passing them by and is no longer interested in buying what they are selling. That is the sole crisis, and none other.
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Post by thirsty on Dec 12, 2011 20:53:48 GMT -5
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Post by looter on Dec 13, 2011 9:01:41 GMT -5
I wonder why on earth Germany wants a stronger European Union? Its crazy to want a union with the PIIGS .... clearly this is going to drag them all down. If the US stock market crashes, then so will all the other Stock Markets.
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Post by thirsty on Dec 13, 2011 21:15:14 GMT -5
I wonder why on earth Germany wants a stronger European Union? Its crazy to want a union with the PIIGS .... clearly this is going to drag them all down. If the US stock market crashes, then so will all the other Stock Markets. The EU was a direct response to the bloodbaths of the 20th century. I can understand perfectly fine why Germany does not mind bankrolling the friendly democratic neighbours that surround them, especially the profligate to the south, the alternative is a Europe full of Autarkic assholes. How did that work before??? ;D
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Post by looter on Dec 14, 2011 21:03:09 GMT -5
I wonder why on earth Germany wants a stronger European Union? Its crazy to want a union with the PIIGS .... clearly this is going to drag them all down. If the US stock market crashes, then so will all the other Stock Markets. The EU was a direct response to the bloodbaths of the 20th century. I can understand perfectly fine why Germany does not mind bankrolling the friendly democratic neighbours that surround them, especially the profligate to the south, the alternative is a Europe full of Autarkic assholes. How did that work before??? ;D Autarky is less and less possible the smaller the Nation-State is. I read somewhere that EVERYBODY at the EU table KNEW that Greece was fudging it's numbers when it joined. The problem was that ALL the EU countries lied about their internals to one degree or another. When you're dealing out bullshit, its best to not complain about the smell..... There is gonna be ZERO enforcement of austerity. If those jokers couldn't keep out the liars, how they gonna police them? In a system where Germany is only as strong as the weakest PIIGS, it's Germany, not the PIIGS, that lose. California can continue with it's madness if we could add Alberta to the Union. ....
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