GaryPDX: No US taxpayer bailouts. Let them work out their own shiat.

too late, Uncle Ben has already fired up the chopper. again

So how many days do we have left on that "Europe will collapse in 10 days" prediction that was greened here last week?

"whenitsplanesintheskyforachainofsupplythatslogistics"

What?

I LOL'd. Then I let out a deep cleansing breath.

You mean firing massive amounts of people in a quest for greater austerity has economic consequences! Who could have EVER seen this happening???

/Greece is whimpering in the corner (yes, Greece farked up to get into the mess, that doesn't change the fact that austerity measures gloriously disembowled their entire economy)...

StrangeQ: So how many days do we have left on that "Europe will collapse in 10 days" prediction that was greened here last week?

It was greenlighted November 30, so we have five more days to go. however, now that the central banks here and in the US have joined forces to guarantee everything ever, I doubt it'll happen.

/was concerned last week
//less concerned this week
///will be far more concerned next week

Central Banking - Institutionalized bank subsidies

Who knows... They may manage an end run around the German constitution, and make the German people pay for it all.

Take notes, everyone! Someday your grandchildren will come to you because their Socials teacher told them to interview someone who lived through the Great Recession and the slide of Western culture from hegemony to "just another culture on this spinning blue dot" status.

Hey, in Grade 5, I had to interview my grandparents and my sole extant great-grandparent about WWI and II and the Great Depression. According to my mom's dad's mom, from a civilian perspective, WWII was a cakewalk compared to what came before: my dad's parents complained of things like strict sugar rationing in WWII while my great-grandmother was delighted that sugar had actually been available. (Yes, sugar is a bonus nowadays, but remember that, back then, people made their own bread. You've got to feed the yeast.) I wonder if my great-grandmother's move from Germany to Canada in the Interbellum had anything to do with that, but I didn't think to ask at the time.

Just-in-time Capitalism: Ain't is just great?

The euro will collpase no matter what they do. Thats what happens when you give handouts to people.

The dollar will soon follow, only we have 50 times the debt Europe does so that will be a fun ride sown the slope...

yippie!

CaptainWes: RevCarter: "whenitsplanesintheskyforachainofsupplythatslogistics"

What?

That's logistics

Wicked Chinchilla: austerity measures gloriously disembowled their entire economy

When your glorious economy is predicated on public sector jobs and huge pensions to people that add/create nothing? Your economy deserves to be disemboweled.

HotIgneous Intruder: Just-in-time Capitalism: Ain't is just great?

Because when people think of Europe they think 'completely unregulated free markets with virtually no government involvement.'

MugzyBrown: Central Banking - Institutionalized bank subsidies = ?

Helen_Arigby: Take notes, everyone! Someday your grandchildren will come to you because their Socials teacher told them to interview someone who lived through the Great Recession and the slide of Western culture from hegemony to "just another culture on this spinning blue dot" status.

Hey, in Grade 5, I had to interview my grandparents and my sole extant great-grandparent about WWI and II and the Great Depression. According to my mom's dad's mom, from a civilian perspective, WWII was a cakewalk compared to what came before: my dad's parents complained of things like strict sugar rationing in WWII while my great-grandmother was delighted that sugar had actually been available. (Yes, sugar is a bonus nowadays, but remember that, back then, people made their own bread. You've got to feed the yeast.) I wonder if my great-grandmother's move from Germany to Canada in the Interbellum had anything to do with that, but I didn't think to ask at the time.

While a little sugar helps yeast grow, it's entirely possible to make a good loaf of bread without any extra sugar. All you need is flour, water, yeast, and salt.

RevCarter: MugzyBrown: Central Banking - Institutionalized bank subsidies = ?

Umm, this guy apparently doesn't know that the Federal Reserve actually has stockholders...national and some state chartered banks through 12 Federal Reserve district banks.

Wicked Chinchilla: You mean firing massive amounts of people in a quest for greater austerity has economic consequences! Who could have EVER seen this happening???

/Greece is whimpering in the corner (yes, Greece farked up to get into the mess, that doesn't change the fact that austerity measures gloriously disembowled their entire economy)...

And you would have handled the situation differently by ... ?

Tyrone Slothrop: While a little sugar helps yeast grow, it's entirely possible to make a good loaf of bread without any extra sugar. All you need is flour, water, yeast, and salt.

I did not know that. Thanks.

jjorsett: Wicked Chinchilla: You mean firing massive amounts of people in a quest for greater austerity has economic consequences! Who could have EVER seen this happening???

/Greece is whimpering in the corner (yes, Greece farked up to get into the mess, that doesn't change the fact that austerity measures gloriously disembowled their entire economy)...

And you would have handled the situation differently by ... ?

Borrow mooar munnies!

GaryPDX: No US taxpayer bailouts. Let them work out their own shiat.

If the U.S. will be worse off without bailing them out then we will be if we DO bail them out, then bail them out.

jjorsett: Wicked Chinchilla: You mean firing massive amounts of people in a quest for greater austerity has economic consequences! Who could have EVER seen this happening???

/Greece is whimpering in the corner (yes, Greece farked up to get into the mess, that doesn't change the fact that austerity measures gloriously disembowled their entire economy)...

And you would have handled the situation differently by ... ?

No idea. In fact, Greece most certainly needed to be cut back and gutted. Continuing to lie about the situation won't make their troubles dissappear.

I just find it hilarious that they had a real world example within the last two years that illustrated the relationship between the greater economy and austerity measures and yet still acted surprised by the effects of such effects.

Its not the methods I find ridiculous (in Greece anyway, other nations not so deep in shiat DO need to do something to stimulate their, or their allies', economies), its the sheer ignorance displayed in "we are surprised by how bad this is!" My response is, why are they surprised? Just not paying attention?

GaryPDX: quizzical: GaryPDX: No US taxpayer bailouts. Let them work out their own shiat.

If the U.S. will be worse off without bailing them out then we will be if we DO bail them out, then bail them out.

You don't feed a stray cat no matter how cute it is. We need to cut our loses and take care of ourselves. They've run out of other peoples money, it's a train wreck.

Yes my better health care is a trainwreck. My better massive public transportation infrastructure is a trainwreck. My better economic and educational opportunities are a train wreck.

Why did you come out of the bunker exactly? Run out of MREs and apocalyptic literature?

Contraction is the death knell of our entire monetary system.

As soon as global contraction causes the supply of money to drop below the rate needed to sustain interest payments, everyone defaults .

Tyrone Slothrop: While a little sugar helps yeast grow, it's entirely possible to make a good loaf of bread without any extra sugar. All you need is flour, water, yeast, and salt.

You can even leave out the yeast.
Then you get hardtack--aka a solid lump of wheat

Also, if sugar was rationed in the USA today...oh god all hell would break loose. Do you have any idea how much sugar we put in EVERYTHING?

Donuts, gone. Sodas, you get to keep them only if they exempt high fructose corn syrup. Barista coffee chains, gone...imagine the whole country on Starbucks Jonesing. Kid's cereals...ice cream, children's ICE CREAM, Mandrake!