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(Hot Air)   The EU's plan to destroy their economy altered, new plans in place should only mostly destroy their economy   (hotair.com) divider line 41
    More: Followup, Cypriot, European debt crisis, bank rescues, deposits  
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6392 clicks; posted to Business » on 18 Mar 2013 at 11:08 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-18 11:20:28 AM  
14 votes:
1.bp.blogspot.com

Whoo-hoo-hoo, look who knows so much. It just so happens that your economy here is only MOSTLY destroyed. There's a big difference between mostly destroyed and all destroyed. Mostly destroyed is slightly rebuilt. With all destroyed, well, with all destroyed there's usually only one thing you can do:  go through their central banks and look for loose change.
2013-03-18 11:15:32 AM  
4 votes:
i.qkme.me
2013-03-18 12:37:50 PM  
3 votes:
www.republicain-lorrain.fr

Turns out in Cypress, when you withdraw money you always cross your legs while standing out...
2013-03-18 02:17:34 PM  
2 votes:
News site called "Hot Air"

Sounds legit.
2013-03-18 01:01:21 PM  
2 votes:

MyKingdomForYourHorse: Gdalescrboz: If it stopped at services I would agree with you. But liberals don't want it to stop at services.

Yes because we want to rape your daughter, kill your puppy, kidnap your wife, and steal all your money so we can give to the crack smoking,HIV infested, herpes laden welfare abusing woman down the street living in her 8 bedroom town house subsidized with section 8, while her 32 kids by 30 different baby daddies run amok in your suburban neighborhood.

Ohh and the baby daddies start selling crack in your town as well.

Did I forget anything?


Brains?

Checking your penis at the door?

Logging out of the HuffPos at the local library?
2013-03-18 12:58:43 PM  
2 votes:
People still respond to Trollerpipes?
2013-03-18 11:42:26 AM  
2 votes:
Cypress got drunk and decided it needed to use the shotgun to get the tick off its shin.

Truly the dumbest thing uttered in public since "Hey, those Tulip Bulbs will be worth something someday".
2013-03-18 11:10:26 AM  
2 votes:

Speaker2Animals: Don't be surprised if depositors start to move away from European banks and look for other options to protect their savings from the governments that can't solve their spending problems.

Yeah, that's right, professor. They've been "solving" their spending problems in Europe for four years now and all that's resulted is higher unemployment.


I don't have a gambling problem, I have a "can't win my money back problem."
2013-03-18 04:33:38 PM  
1 votes:

BigNumber12: Evil High Priest: That world? Where we dominated all manufacturing after WWII? That's never coming back.

Not with that kind of attitude it isn't.


Exactly. We could easily bomb all of Europe back into the stone age again if we wanted to.
2013-03-18 04:26:47 PM  
1 votes:

Evil High Priest: That world? Where we dominated all manufacturing after WWII? That's never coming back.


Not with that kind of attitude it isn't.
2013-03-18 03:12:32 PM  
1 votes:
Mattress > bank
2013-03-18 02:53:44 PM  
1 votes:

jjorsett: I think Russian mob money has already been factored into this deal. If the taxation had been limited to the uninsured deposits and left the insured ones alone, the uninsured (presumably heavily represented by the Russian Tony Sopranos) would be looking at about a 20% haircut instead of 10%. I don't know whether the architects of this feared massive Russian flight or just getting their kneecaps smashed, but it looks like they decided to sting the little guys in order to give the big guys a break.


this could have been so FULL OF WIN
cut the uninsured by 20%
the russians kneecap a ton of bankers
win-win
2013-03-18 02:53:08 PM  
1 votes:

ontariolightning: Xaneidolon: It can't happen here, right?

they wouldn't try it. You are all armed with guns and mentally unstable and ready to have a reason to shoot at your government.


It's always interesting to get a viewpoint regarding some manufactured reality  from a representative of our poutine-sucking neighbor to the North.
2013-03-18 02:48:02 PM  
1 votes:

Xaneidolon: It can't happen here, right?


they wouldn't try it. You are all armed with guns and mentally unstable and ready to have a reason to shoot at your government.
2013-03-18 02:39:09 PM  
1 votes:
It can't happen here, right?
2013-03-18 02:15:04 PM  
1 votes:

sethstorm: THIS.

Austerity is just simply a way to use financial solvency as an excuse to push the burden away from those that caused it to the people that can't avoid it.


tada
default on the loans and fark the banks for lending your the money in the first place.
if enough countries do this, the banks will properly collapse as the card houses that they are.
The rich people who get screwed by this MIGHT learn to not lend money to just anyone.

/bah - of course we have been told that if we do this, the world economy would collapse. so there is that.
jvl
2013-03-18 02:12:52 PM  
1 votes:

Speaker2Animals: jvl: Speaker2Animals: Yeah, that's right, professor. They've been "solving" their spending problems in Europe for four years now and all that's resulted is higher unemployment.

Once again the critics pretend that austerity has failed because it has failed to reach the critic's imaginary goals.

The goal is to stabilize finances. No one promised employment would not be hurt, nor did they promise a pony.

Marie Antoinette!! I thought you were beheaded! F*ck the average person -- we have to take care of the elite while we're making the 99% suffer for our sins!


As soon as we find a magic pony which farts money, then government can spend freely without consequence.  In the meantime, there is reality.
2013-03-18 01:32:34 PM  
1 votes:

Wangiss: cameroncrazy1984: Wangiss: cameroncrazy1984: Wangiss: It must be fun to imagine people going ape over a few strategic phrases.  I'm not sorry to disappoint you:

Yeah, except you have gone ape over every single one of my posts so far.

We must have different opinions on the definitions of "going ape" and "every."

No you've pretty much responded to every one of my posts since you've been in the thread. I don't know what else to tell you, man.

You've switched to "pretty much."  Since that's a very vague definition, your new goalposts sufficiently couch your assertion to a point beyond scrutiny.  This is better than logical fallacy; it's obfuscation.  You may or may not have a point.  That's much safer for you, emotionally, than the potential of facing your own wrongness.  But sadly, it has very little potential for others.  If you are clever and want to make the world a better place, you should employ truth rather than avoiding it.  But again, that's just my opinion, man.


You've responded to every single one of my posts in this thread except for one. You're obsessed. It's kind of weird.
2013-03-18 01:13:35 PM  
1 votes:

KellyX: [www.republicain-lorrain.fr image 680x481]

Turns out in Cypress, when you withdraw money you always cross your legs while standing out...


The lines to get your money out are so long that they had to make a choice between ATM or bathroom.
2013-03-18 01:04:15 PM  
1 votes:

studs up: Thunderpipes: Gdalescrboz: FarkinNortherner: Thunderpipes: (snip)
What liberals here want, is the exact same thing as the EU. They want to promise everyone the world so they get and stay in power. (snipped for brevity)

So my son ran for Treasurer at this school in 5th grade. He lost to a girl that promised everyone sno-cones. With a few weeks left in school he called across the playground, "Where's my firkin sno-cone?"
It caught on and the rest of the kids kept hounding her for sno-cones. She eventually quit the position and cried whenever the word sno-cone hit her ear. Sno-Cone is her nickname now. I don't think she is coming back next year.
This can be ramped up to a larger scale.


In reality she would've taken out a loan and bought the sno-cones. She could get reelected and do that in perpetuity until she was out of the school and leaving the problem behind and everyone remembering the free sno-cones while she only paid the interest on the loan. The other kids would figure out that doing that was how to get elected. This would keep happening until the lender figured out this was a bad idea or they could no longer pay the interest. Then the whole system would collapse.
2013-03-18 12:59:31 PM  
1 votes:
THUNDERPIPES tells it like it is.  Take that, libs.
2013-03-18 12:59:08 PM  
1 votes:

cameroncrazy1984: Thunderpipes: If it were untrue, you would have a point.

You want the EXACT model of the EU countries.

I'm a liberal and I've lived in an EU country, and I don't want the exact model of the EU countries.

So, stop telling us what we want.


Only thing I want is a universal healthcare system... and redheads... blondes too.. with big tits... that like to go to the range with me and shot guns that make those big tits jiggle for a while...

/worse Liberal ever I guess...
2013-03-18 12:51:57 PM  
1 votes:

seanpg71: Thunderpipes: Gdalescrboz: FarkinNortherner: Thunderpipes: You want to take money from people, same thing really. You want the government to have the power to simply take money as they see fit So do you. Unless, of course, you don't want any state provided services. I suppose that's conceivably your position, but it's one that if applied in reality would result in disaster in fairly short order.

If it stopped at services I would agree with you.  But liberals don't want it to stop at services.

Always the liberal argument. "You don't want roads or police!". Ya, I do. I pay taxes for that. I don't want to pay taxes for methadone clinics, section 8 housing, illegal aliens' college tuition.

What liberals here want, is the exact same thing as the EU. They want to promise everyone the world so they get and stay in power. Only way to find that is by taking more and more and more from anyone who dares to succeed. Eventually, it fails. We will be Greece within 20 years. This is a fact.

Taxes should be broad based, and provide the minimum needed for the government to function. The states, as we debate here, are over 1 trillion in debt just because of teacher pensions (completely underfunded). Did you all know that? This is not about what the government needs, or what services people need. It is about entitlement spending, and what people want. They want taxpayer money given to them. Liberals oblige because it gets them votes and damn the torpedoes!

Just FYI, paying for methadone clinics is much cheaper than paying for police investigations of the property crimes committed by addicts.  And putting people in section 8 housing is much cheaper than paying for them to be housed in jails.  There isn't that whole "fark you for making bad choices" aspect, but it is more efficient.


Would cost even less if you simply beat down criminals and made being poor so tough they had no choice but to work.
2013-03-18 12:48:44 PM  
1 votes:

Thunderpipes: Gdalescrboz: FarkinNortherner: Thunderpipes: (snip)
What liberals here want, is the exact same thing as the EU. They want to promise everyone the world so they get and stay in power. (snipped for brevity)


So my son ran for Treasurer at this school in 5th grade. He lost to a girl that promised everyone sno-cones. With a few weeks left in school he called across the playground, "Where's my firkin sno-cone?"
It caught on and the rest of the kids kept hounding her for sno-cones. She eventually quit the position and cried whenever the word sno-cone hit her ear. Sno-Cone is her nickname now. I don't think she is coming back next year.
This can be ramped up to a larger scale.
2013-03-18 12:48:30 PM  
1 votes:

studs up: Unless you are Latvia. Where it worked after all the gnashing of Keynesian teeth failed to sway their govt. Of course the fact that they are the fastest growing economy in the region now gets mostly ignored.


Latvia's debts have quadrupled, its unemployment rate is at 12% despite a reduction in the size of its under 25 workforce (thanks to economic migration), median incomes have fallen by 35% and an already abysmal standard of education and healthcare provision has got even worse. It also suffered the largest contraction of any European economy.

Still, it's now in growth, partly as a result of selling below-cost timber into Sweden thanks to European subsidies, so that's the post-Keynesians justified...
2013-03-18 12:36:53 PM  
1 votes:
How to both ruin and save an economy.
Depending on who you talk to.
encrypted-tbn2.gstatic.com
2013-03-18 12:33:02 PM  
1 votes:
"So we're gonna go ahead and take money out of your bank accounts cause we're a little low on money"
"But...that's my money! I worked my whole life for that!"
"So yeaaaaaaaaah....we're gonna go ahead and take some of that money"
"But it's mine. You have no right to it!"
"So yeah, we're gonna go ahead and take it"
2013-03-18 12:31:43 PM  
1 votes:

Gdalescrboz: If it stopped at services I would agree with you. But liberals don't want it to stop at services.


Yes because we want to rape your daughter, kill your puppy, kidnap your wife, and steal all your money so we can give to the crack smoking,HIV infested, herpes laden welfare abusing woman down the street living in her 8 bedroom town house subsidized with section 8, while her 32 kids by 30 different baby daddies run amok in your suburban neighborhood.

Ohh and the baby daddies start selling crack in your town as well.

Did I forget anything?
2013-03-18 12:29:42 PM  
1 votes:

Bloody William: jvl: Speaker2Animals: Yeah, that's right, professor. They've been "solving" their spending problems in Europe for four years now and all that's resulted is higher unemployment.

Once again the critics pretend that austerity has failed because it has failed to reach the critic's imaginary goals.

The goal is to stabilize finances. No one promised employment would not be hurt, nor did they promise a pony.

It's putting someone on chemotherapy because they're heavily burned. It's giving someone antacids because they broke their legs.  It's addressing a completely different problem from the one everyone is trying to address.

The economy starts with people working, earning, and spending money. Government budgets are secondary to keeping that going. What austerity does is change the oil because the car isn't working while ignoring the empty fuel gauge.


+eleventy on the hyperbole.

But you left out the part about the Germans bombing Pearl Harbor.
2013-03-18 12:28:01 PM  
1 votes:

Gdalescrboz: But liberals don't want it to stop at services.


Stop telling us what we want.
2013-03-18 12:27:41 PM  
1 votes:
i.qkme.me
2013-03-18 12:15:29 PM  
1 votes:

Day_Old_Dutchie: We as a society need to get back to actually making things or providing services to each other rather than just playing the stock market like a personal casino.


To do that we need to reduce offshoring. Easier said than done.

In my opinion the best* approach is to invent 'al Qaeda in the South China Sea' and start launching USS Cole style attacks on Chinese vessels as well as sabotage attacks on Chinese port infrastructure. Slow the rate of Chinese exports and increase prices by a few % and manufacturing in the west would start to look a whole lot more attractive.

*this may not, in fact, be the best approach
2013-03-18 12:12:14 PM  
1 votes:

FarkinNortherner: Thunderpipes: You want to take money from people, same thing really. You want the government to have the power to simply take money as they see fit

So do you. Unless, of course, you don't want any state provided services. I suppose that's conceivably your position, but it's one that if applied in reality would result in disaster in fairly short order.


SHUT UP! TAXES ARE PUNISHMENT! YOU'RE JUST JEALOUS! THE SUCCESSFUL ARE SUCCESSFUL BECAUSE THEY'RE BETTER! I DON'T NEED ANYTHING!
2013-03-18 12:06:32 PM  
1 votes:

Thunderpipes: You want to take money from people, same thing really. You want the government to have the power to simply take money as they see fit, and punish people for being responsible. Not much different.


dgt1.net
2013-03-18 11:57:03 AM  
1 votes:
When the Olympics moved on, taking its building projects with it, it left a little like a thief in the night. Exactly like a thief in the night in fact. It usually left in the very early hours of the morning, and the following day there always turned out to be a very great deal of stuff missing. Whole cultures and economies would collapse in its wake, often within a week, leaving once-thriving countries desolate and shell-shocked but still somehow feeling they had been part of some great adventure.
2013-03-18 11:36:05 AM  
1 votes:
Hot Air's understanding of economics is somewhere around potato.
2013-03-18 11:33:42 AM  
1 votes:
The upside of this will be more support of UKIP in Britain. The EU is unraveling.
2013-03-18 11:32:46 AM  
1 votes:

Clemkadidlefark: Ambitwistor: [1.bp.blogspot.com image 270x198]

Whoo-hoo-hoo, look who knows so much. It just so happens that your economy here is only MOSTLY destroyed. There's a big difference between mostly destroyed and all destroyed. Mostly destroyed is slightly rebuilt. With all destroyed, well, with all destroyed there's usually only one thing you can do:  go through their central banks and look for loose change.

Beautiful, just beautiful ....

Also ...

There's an App for that

[static3.businessinsider.com image 385x289]


I thought the Jobs marketer was dead.
2013-03-18 11:29:47 AM  
1 votes:

Ambitwistor: [1.bp.blogspot.com image 270x198]

Whoo-hoo-hoo, look who knows so much. It just so happens that your economy here is only MOSTLY destroyed. There's a big difference between mostly destroyed and all destroyed. Mostly destroyed is slightly rebuilt. With all destroyed, well, with all destroyed there's usually only one thing you can do:  go through their central banks and look for loose change.


Beautiful, just beautiful ....

Also ...

There's an App for that

static3.businessinsider.com
2013-03-18 11:20:16 AM  
1 votes:
So let me get this straight. You have an issue with the banks not being able to lend because its too risky as they cannot risk the capital. So to get at that money the government is going to tax it so they can pay their debt to the banks?

....yeah good luck with that

On brighter news, I'll be offering that once in a life time experience to live like Mad Max European Tours this time next year!
2013-03-18 11:16:57 AM  
1 votes:
Socialist people problems
images.sodahead.com
/oh wait.
 
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