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(BBC)   The €urozone becomes the human centipede -- stitched up by a psychotic German one is about to die and take the rest with them   (bbc.co.uk) divider line 12
    More: Obvious, EURurozone, Greeks, international business, Swiss bank, single currency  
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949 clicks; posted to Business » on 16 May 2012 at 12:42 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



12 Comments   (+0 »)
   
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2012-05-16 12:50:11 PM
Which one is C? This is important.
 
2012-05-16 03:25:02 PM
Damn, I wonder if someone was getting pissy about the way the discussion was going in the other thread and had it nuked as a duplicate?
 
2012-05-16 03:26:31 PM
Yes yes, delete the thread with an active discussion and a headline that doesn't sound like something Jared Loughner would write.
 
2012-05-16 03:37:14 PM
I smell a rat.
 
2012-05-16 03:39:52 PM
Back to Greece, when you start seeing people losing faith in banks start is a very bad sign. Banks have nowhere near enough cash to give everyone their money, let alone convert digital wealth into something more tangible.

Many banks are leveraged over 100:1.
 
2012-05-16 04:30:26 PM
Greece has already failed. The ECB stopped providing support for them by cutting then off their access to cheap capital. Things in Europe are only going to get worse as it becomes a round of musical chairs as one country after another has their banking sector collapse.

I'm not 100% certain that they can't stop it but at this point there is no reason to think they are going to if they could.

The US Ten year treasuries are now at 1.77% which is ridiculous because you are guaranteed to lose money on them. This only happens when there is panic in the markets. I just thankful our currency is somewhat managed.
 
2012-05-16 04:36:02 PM
6 posts? Did something happen to a Kardashian?
 
2012-05-16 05:45:48 PM

gimlet: 6 posts? Did something happen to a Kardashian?


They killed the 1st thread about this claiming it was a duplicate. It had 100+ posts.
 
2012-05-16 07:18:55 PM

Corporate Self: gimlet: 6 posts? Did something happen to a Kardashian?

They killed the 1st thread about this claiming it was a duplicate. It had 100+ posts.


You correctly called that there is s systemic problem with our banking system and that this is NOT a socialist problem. To bad that got swept under the rug.
 
2012-05-16 09:13:21 PM

Brontes: Corporate Self: gimlet: 6 posts? Did something happen to a Kardashian?

They killed the 1st thread about this claiming it was a duplicate. It had 100+ posts.

You correctly called that there is s systemic problem with our banking system and that this is NOT a socialist problem. To bad that got swept under the rug.


The socialist apologists re Greece are hysterical. The only problem with the banking system is that they lent to socialists!

Eric Stratton/Greece: "you farked up. You trusted us!"
 
2012-05-16 11:37:44 PM

Debeo Summa Credo: Brontes: Corporate Self: gimlet: 6 posts? Did something happen to a Kardashian?

They killed the 1st thread about this claiming it was a duplicate. It had 100+ posts.

You correctly called that there is s systemic problem with our banking system and that this is NOT a socialist problem. To bad that got swept under the rug.

The socialist apologists re Greece are hysterical. The only problem with the banking system is that they lent to socialists!

Eric Stratton/Greece: "you farked up. You trusted us!"


Watch this video about a goldsmith who becomes a banker and if you still believe our banking system is not collapsing, we can argue some more.

Simply put, 99% of the "wealth" in the world is pure fantasy.
 
2012-05-16 11:41:19 PM

Corporate Self: Debeo Summa Credo: Brontes: Corporate Self: gimlet: 6 posts? Did something happen to a Kardashian?

They killed the 1st thread about this claiming it was a duplicate. It had 100+ posts.

You correctly called that there is s systemic problem with our banking system and that this is NOT a socialist problem. To bad that got swept under the rug.

The socialist apologists re Greece are hysterical. The only problem with the banking system is that they lent to socialists!

Eric Stratton/Greece: "you farked up. You trusted us!"

Watch this video about a goldsmith who becomes a banker and if you still believe our banking system is not collapsing, we can argue some more.

Simply put, 99% of the "wealth" in the world is pure fantasy.


Well, I can count the debt I loaned out as money I can loan to other people, since the people I loaned money out to are going to pay me back!!! What is wrong with this system, it is fool proof!
 
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