I'm currently reading Boomerang, which is an informative (and actually entertaining) exploration of the Eurozone financial crisis. It definitely makes current events a lot easier to understand, especially why the Germans are so pissed at everyone else.

anal sex.

Are teh sheep getting nervous or jealous?

I'm in Ireland and the attitudes about it all disgust me. So much entitlement. Oh well.

Mad_Radhu: I'm currently reading Boomerang, which is an informative (and actually entertaining) exploration of the Eurozone financial crisis. It definitely makes current events a lot easier to understand, especially why the Germans are so pissed at everyone else.

I just finished the chapters on Iceland and Greece and have started on the Ireland chapter. It's pretty amazing that the Germans agreed to share a currency with Greece. The corruption is rampant and tax collection is a joke. Unless someone figures out how to get that country in line, they will continue to drag the Euro down.

Kyle Bass may be right about the "guns and gold" investment strategy.

Fark_Guy_Rob: I'm in Ireland and the attitudes about it all disgust me. So much entitlement. Oh well.

What the fark are you talking about you clown.

We've taken responsibility for the position the developers and banks have put us in, and we've accepted every austerity measure and tax increase with a minimum of whinging, zero rioting and no strikes. We're Have a look at the reaction of the average Greek, then compare our (Irish) reactions.

Can you explain this perceived farking entitlement?

Cormee: Fark_Guy_Rob: I'm in Ireland and the attitudes about it all disgust me. So much entitlement. Oh well.

What the fark are you talking about you clown.

We've taken responsibility for the position the developers and banks have put us in, and we've accepted every austerity measure and tax increase with a minimum of whinging, zero rioting and no strikes. We're Have a look at the reaction of the average Greek, then compare our (Irish) reactions.

Can you explain this perceived farking entitlement?

Boomerang covered this really well, detailing how lax lending to large developers by the Irish banks combined with overbuilding by those developers created the crisis. The worst part is that the average person in Ireland actually has good reason to be pissed. The banks in Ireland really weren't too big to fail, so the government bailout wasn't totally necessary to prevent a larger collapse. What's even worse, while those developers and banks are having their huge losses taken care of by the government, the average Irish citizen upside down on a mortgage has no recourse due to the Draconian nature of Irish bankruptcy law.

The Irish really got screwed all the way around by this fiasco, and are taking it surprisingly well, the odd egg-throwing pension excepted.

*pensioner

Mad_Radhu: Cormee: Fark_Guy_Rob: I'm in Ireland and the attitudes about it all disgust me. So much entitlement. Oh well.

What the fark are you talking about you clown.

We've taken responsibility for the position the developers and banks have put us in, and we've accepted every austerity measure and tax increase with a minimum of whinging, zero rioting and no strikes. We're Have a look at the reaction of the average Greek, then compare our (Irish) reactions.

Can you explain this perceived farking entitlement?

Boomerang covered this really well, detailing how lax lending to large developers by the Irish banks combined with overbuilding by those developers created the crisis. The worst part is that the average person in Ireland actually has good reason to be pissed. The banks in Ireland really weren't too big to fail, so the government bailout wasn't totally necessary to prevent a larger collapse. What's even worse, while those developers and banks are having their huge losses taken care of by the government, the average Irish citizen upside down on a mortgage has no recourse due to the Draconian nature of Irish bankruptcy law.

The Irish really got screwed all the way around by this fiasco, and are taking it surprisingly well, the odd egg-throwing pension excepted.

And some of those developers, whose assets were taken off them by the National Assets Management Agency after almost bankrupting the state with their debts, are now being paid up to €200k per year by NAMA to finish off those projects. So basically we (taxpayers) are now crippled with taxes which are being used to pay off developers' loans to the banks *AND* we're being taxed to pay them a nice big fat €200k wage.

Yet, according to Fark_Guy_Rob we have a 'sense of entitlement', quite unbelievable really.

Atomic Spunk: Mad_Radhu: I'm currently reading Boomerang, which is an informative (and actually entertaining) exploration of the Eurozone financial crisis. It definitely makes current events a lot easier to understand, especially why the Germans are so pissed at everyone else.

I just finished the chapters on Iceland and Greece and have started on the Ireland chapter. It's pretty amazing that the Germans agreed to share a currency with Greece. The corruption is rampant and tax collection is a joke. Unless someone figures out how to get that country in line, they will continue to drag the Euro down.

Kyle Bass may be right about the "guns and gold" investment strategy.

Never understood this "by gold" stuff. Can one eat gold? Guns come in handy though.

darthbandon: Atomic Spunk: Mad_Radhu: I'm currently reading Boomerang, which is an informative (and actually entertaining) exploration of the Eurozone financial crisis. It definitely makes current events a lot easier to understand, especially why the Germans are so pissed at everyone else.

I just finished the chapters on Iceland and Greece and have started on the Ireland chapter. It's pretty amazing that the Germans agreed to share a currency with Greece. The corruption is rampant and tax collection is a joke. Unless someone figures out how to get that country in line, they will continue to drag the Euro down.

Kyle Bass may be right about the "guns and gold" investment strategy.

Never understood this "by gold" stuff. Can one eat gold? Guns come in handy though.

There are good reasons to own gold and good reasons not to own gold. But to say you don't understand why anyone would want it because you can't eat it shows a complete lack of understanding of how financial instruments work. Are you naturally this stupid or do you have to work at it?