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Getbig Main Boards => Gossip & Opinions => Topic started by: _aj_ on February 10, 2015, 11:56:39 AM
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Interesting article on Zerohedge about the risk factors in the upcoming Greece/ECB "negotiations":
http://www.zerohedge.com/news/2015-02-10/how-fast-would-contagion-spread-if-greece-exits-eurozone
I read something recently that something close to $100 trillion of the derivatives market is directly tied to the Euro.
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The ancient Hebrews were the first black swans. Fact.
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I am not negotiating.
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Lot of posturing for their respective domestic political audiences. However behind closed doors they should agree a reduction in the Greek primary surplus from 4 to 1%, a stimulus/investment plan, a debt reprofiling that is effectively a restructuring and a continuation of structural reforms to make the economy more flexible and investment friendly. Simples.
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Lot of posturing for their respective domestic political audiences. However behind closed doors they should agree a reduction in the Greek primary surplus from 4 to 1%, a stimulus/investment plan, a debt reprofiling that is effectively a restructuring and a continuation of structural reforms to make the economy more flexible and investment friendly. Simples.
IIRC you are Finnish, right?
Have you ever met a Greek? LOL. I am pretty sure that none of those things are on the horizon.
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Thanks AJ. It's so hard to say because this shit should have crashed years ago. It's been propped up via QE and other schemes. So people keep predicting and getting it wrong. There will be a time very soon when they run out of options. A large war, large natural or cosmic disaster, or something like this would instantly cause it. I'll read the article. Thanks again.
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I called the greek economic collapse before they spent billions on the olympics. I said they don't have the funds for it. The country is too small and not rich enough to hold such an event at such a large cost. Read some papers from economists about the downside of hosting the olympics.
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This thread is useless without Basile noting Karl Popper.
/be more useless with it, too
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This thread is useless without Basile noting Karl Popper.
/be more useless with it, too
You've proven yourself to be a massive idiot with letters behind your name. Your input means shit "Doc".
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Caliber Finance will rise from the ashes of Greece.
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The only reason we aren't Greece is because we can sell our debt. But brothers its only a temporary reprieve from the inevitable.
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You've proven yourself to be a massive idiot with letters behind your name. Your input means shit "Doc".
Well, that's a most confusing reply. Love you, anyway. Best, doc. :)
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Caliber Finance will rise from the ashes of Greece.
This could be the key to restore confidence in the markets!
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Thanks AJ. It's so hard to say because this shit should have crashed years ago. It's been propped up via QE and other schemes. So people keep predicting and getting it wrong. There will be a time very soon when they run out of options. A large war, large natural or cosmic disaster, or something like this would instantly cause it. I'll read the article. Thanks again.
Tell us more about Nabiru's economy ;D
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Caliber Finance will rise from the ashes of Greece.
Or, be yet-again, subsumed under a grease fire.
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The germans conquered europe for the first time with the help of the Euro, they wont allow it to fail, no one including the greeks can afford to get out, there will be a compromise but the germans also need to save face.
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Poor people talking about when things will crash. ::)
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Caliber Finance will rise from the ashes of Greece.
Bitcoin-based.
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Poor people talking about when things will crash. ::)
Should I be worried that I'm beginning to think that at least in regards to economic collapse Wiggs might be onto something?
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The germans conquered europe for the first time with the help of the Euro, they wont allow it to fail, no one including the greeks can afford to get out, there will be a compromise but the germans also need to save face.
I am not so sure that the German electorate is too keen to carry all of the PIGS (Portugal, Italy, Greece, Spain) on their backs. Merkel get tossed. Hello PEGIDA!
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The birthplace of democracy in shambles. Sad really.
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I am not so sure that the German electorate is too keen to carry all of the PIGS (Portugal, Italy, Greece, Spain) on their backs. Merkel get tossed. Hello PEGIDA!
They dont really have a choice, the alternative still costs more, its just whether their electorate can realise it.
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Should I be worried that I'm beginning to think that at least in regards to economic collapse Wiggs might be onto something?
In my opinion, no. But I am one of the poor people so what do I know. :-\
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They dont really have a choice, the alternative still costs more, its just whether their electorate can realise it.
The Euro was always a suicide pact and now it is a game of chicken.
The thing about the current Greek leadership is that they really don't give a fuck. The austerity programs that the ECB and the IMF demanded have turned the population into a raging mob and if this current group doesn't lift the yoke, they will throw them out and get somebody that will. Unless "Europe" (whatever the fuck that is) is going to put Greece under martial law, the end is already ordained, it just needs to be written.
Europe wanted to punish the Greeks for their fiscal profligacy. History is a bitch, because it was Europe's desire to punish Germany after WWII that led to Weimar which ultimately paved the way for Hitler.
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In my opinion, no. But I am one of the poor people so what do I know. :-\
No sad faces, buddy. There's always room for one more at the Archer compound.
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No sad faces, buddy. There's always room for one more at the Archer compound.
Here too. I can always use another "volunteer" to clear minefields by dancing the Macarena.
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When the slaves rose up against the Annunaki, the Gods flooded the planet. Maybe it's time for another flood(Enema).
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Here too. I can always use another "volunteer" to clear minefields by dancing the Macarena.
Mexicans do like to work in the fields.
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The Euro was always a suicide pact and now it is a game of chicken.
The thing about the current Greek leadership is that they really don't give a fuck. The austerity programs that the ECB and the IMF demanded have turned the population into a raging mob and if this current group doesn't lift the yoke, they will throw them out and get somebody that will. Unless "Europe" (whatever the fuck that is) is going to put Greece under martial law, the end is already ordained, it just needs to be written.
Europe wanted to punish the Greeks for their fiscal profligacy. History is a bitch, because it was Europe's desire to punish Germany after WWII that led to Weimar which ultimately paved the way for Hitler.
Boring, boring, boring......
Its all about the tranny cock aj.
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Mexicans do like to work in the fields.
As more and more Mexicans move into the States, the less debt America will be able to sell.
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As more and more Mexicans move into the States, the less debt America will be able to sell.
For those who think a collapse is eminent what is your projected timeline?
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For those who think a collapse is eminent what is your projected timeline?
Let's go with another 10 years.
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Here too. I can always use another "volunteer" to clear minefields by dancing the Macarena.
Thanks but knooger has already decided to take me in. I just have to do "things" for him. :-X
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Let's go with another 10 years.
This sounds right to me.
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This sounds right to me.
I could live with that. I still have a lot more "prepping" to do.
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I could live with that. I still have a lot more "prepping" to do.
I dont have the numbers in front of me but the point of debt payments exceeding tax revenue reaching critical mass is likely within ten years. Dr. Chimps is an old hippy lefty but I think he knows what hes talking about in terms money issues.
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No way in hell this is lasting another 10 years. 2 years tops and any time before that.
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No way in hell this is lasting another 10 years. 2 years tops and any time before that.
2020 by earliest according to numbers I unfortunately dont have in front of me. Having said that you might very well be right. Im not discounting your prediction. Thank god I own close to 100 acres in the UP.
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2020 by earliest according to numbers I unfortunately dont have in front of me. Having said that you might very well be right. Im not discounting your prediction. Thank god I own close to 100 acres in the UP.
The world economy won't just crash. It'll be blamed on something else. There's no way in hell, politicians and bankers will take fault in this. The people would revolt. They'll false flag something or have a world war and it will be blamed on that. It should have crashed years ago but it keeps being propped up artificially. They can't do that forever and we're seeing it come apart very fast. Too hard to put an exact date on it.
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Heebs love a good conspiracy. Makes it easier for them to make excuses and avoid using & formulating a plan of action.
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The world economy won't just crash. It'll be blamed on something else. There's no way in hell, politicians and bankers will take fault in this. The people would revolt. They'll false flag something or have a world war and it will be blamed on that. It should have crashed years ago but it keeps being propped up artificially. They can't do that forever and we're seeing it come apart very fast. Too hard to put an exact date on it.
Dont think I'm saying your dates are wrong. I have a sweet retreat. A small town of about 300 people about half of whom are related to my wife. I bought up the plot of land next to my original land from the kids of a farmer who recently died.
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It looks like the current issue of Greece running out of money at the end of February has been kicked down the road 6 months. In 6 months they'll likely add more debt to pay for the current debt and kick the can again.
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And the banks that are too big to fail will be bailed out once again.
And the executives will still get huge bonuses on the bail out money.
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The Euro was always a suicide pact and now it is a game of chicken.
The thing about the current Greek leadership is that they really don't give a fuck. The austerity programs that the ECB and the IMF demanded have turned the population into a raging mob and if this current group doesn't lift the yoke, they will throw them out and get somebody that will. Unless "Europe" (whatever the fuck that is) is going to put Greece under martial law, the end is already ordained, it just needs to be written.
Europe wanted to punish the Greeks for their fiscal profligacy. History is a bitch, because it was Europe's desire to punish Germany after WWII that led to Weimar which ultimately paved the way for Hitler.
The Euro was robbery on a scale never seen before.
The things that used to cost 66 cents in a local currency became 1 euro almost overnight. The rounding up was deliberate and planned years in advance, otherwise the people would've never bought onto the Euro idea.
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And the banks that are too big to fail will be bailed out once again.
And the executives will still get huge bonuses on the bail out money.
I don't think so.
I personally know of a small town in Greece in which the population is so radicalized and enraged at everything that is going on that they actually are planning attacks on banks and the bank's bosses.
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Did aj call wigs a black swan?
Racist thread reported.
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I don't think so.
I personally know of a small town in Greece in which the population is so radicalized and enraged at everything that is going on that they actually are planning attacks on banks and the bank's bosses.
This is exactly what I am talking about. I am no man's "socialist" but the corporatist bankers and politicians of the ECB and the IMF were crushing the Greek people. And they woke up and remembered that they could do something about it.
Woe betide the EU if more restive countries wake up.
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One of the problems Greece has is that they cannot borrow money from anyone else except EuroGroup banks aka German Banks, with the interest rates they dictate. Even if Greece could get better deals from Russia or China or even middle east countries they CANNOT due to restrictions imposed by
Germany Eurozone countries.
All this economic crisis is a great deal to some and a bad to others, and that's why the european comunity is a huge bullshit.
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They dont really have a choice, the alternative still costs more, its just whether their electorate can realise it.
this
germany has to prop the euro up now what ever the cost
the books were cooked so all those countries met the financial conditions in the first place
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One of the problems Greece has is that they cannot borrow money from anyone else except EuroGroup banks aka German Banks, with the interest rates they dictate. Even if Greece could get better deals from Russia or China or even middle east countries they CANNOT due to restrictions imposed by Germany Eurozone countries.
All this economic crisis is a great deal to some and a bad to others, and that's why the european comunity is a huge bullshit.
Problem in a nutshell, aj. Nailed it. Their currency is locked. It's only the US's ability to offshore it's debt that has prevented a similar Greece-like situation here. It's just a momentary reprieve though
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Problem in a nutshell, aj. Nailed it. Their currency is locked. It's only the US's ability to offshore it's debt that has prevented a similar Greece-like situation here. It's just a momentary reprieve though
Totally, Greece could have done something similar to Argentina if it wasn't for their participation in the euro, not having currency independence was always going to present these type of problems and its why now the Germans have to suck it up as if Greece was part of Germany because reality currency wise it is.
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Totally, Greece could have done something similar to Argentina if it wasn't for their participation in the euro, not having currency independence was always going to present these type of problems and its why now the Germans have to suck it up as if Greece was part of Germany because reality currency wise it is.
King Ludwigs Bavarian flag is Greeko flag too, Greekos royal family was 90% Nazi mob all 4 Prince Philips sisters were married to
her fuhrers generals ;D