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Old 10-04-2011, 09:57 PM   #181
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Default Re: Credit crisis in Greece, others to follow...?

I pitty the Greek, forced to carry those überfat Germans over troubled waters on their depauperated shoulders until they drawn.

What will then happen to the überfat? Laws of Physics
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Old 10-04-2011, 10:24 PM   #182
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Default Re: Credit crisis in Greece, others to follow...?

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Originally Posted by JolánGagó View Post
I pitty the Greek, forced to carry those überfat Germans over troubled waters on their depauperated shoulders until they drawn.

What will then happen to the überfat? Laws of Physics
they pressured the irish into bending over to take a loan out with the euro central bank, when instead the irish government should have called their bluff and said 'lol, who's debt is this really...? who backed our banks...?' that would have been much more fun... no wonder the germans loaded up on gold in late 2008... they knew the shit had well and truly hit the fan, and knew who was knee deep in it...
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Old 10-04-2011, 10:39 PM   #183
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Default Re: Credit crisis in Greece, others to follow...?

i personally blame xistros

his mugginess in tennis has been absorved by his nation's whole economy
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Old 10-05-2011, 05:15 PM   #184
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Thumbs up Re: Credit crisis in Greece, others to follow...?

I has devised a plan to heal the pathological monetary system.

1. End central banks and forbid nations from borrowing money from private banks at debt and interest. Money should be created by the state, debt-free. There's no good reason why the government should tell a bank to create X billions and lend it to the government at interest when the government could just as well create that money themselves, without the interest and national debt.

2. End fractional reserve banking. Don't allow private banks to create money out of nothing and lend it out at interest for billion dollar profits. It is an immoral and unsound system.

3. Banks should be decentralized, run as non-profit organisations (and the profits re-invested into the economy by the state) and have reasonable wage caps. Don't allow banks to get "too big to fail". And how does it benefit society to let bankers and banks make billions in bonuses and profits? If anything, that profit chasing is harmful and leads to bad loans, particularly when combined with "too big to fail". Banking is a basic function of society to make the economy tick and not something that should be hugely profitable anymore than education or law enforcement. It's not creative capitalism.

4. End the stupid eurozone.
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Old 10-06-2011, 12:23 PM   #185
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Default Re: Credit crisis in Greece, others to follow...?

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Originally Posted by Mjau! View Post
1. End central banks and forbid nations from borrowing money from private banks at debt and interest. Money should be created by the state, debt-free. There's no good reason why the government should tell a bank to create X billions and lend it to the government at interest when the government could just as well create that money themselves, without the interest and national debt.

4. End the stupid eurozone.
Don't know if you're kidding or not but...
1. ever heard of inflation? How about the exchange rate?

4. The euro is a good idea IMO, however instead of having one big area where it is used the eurozone should've probably been divided into smaller bits. Macroeconomic theory states that an area benefits from a common currency if either 1. it responds to similarly to changing markets and shocks or 2. the work force can and does move freely within the area. Neither of these are true in the EU, compare this to the US for example where the workforce is a lot more willing to move far away from their current location in search of jobs.
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lol, who will beat him? Wawrinka? Berdych? Gulbis? Rosol? Federer?

Only Del Potro can take him out before the semis, and he won't. Nadal is winning the AO, bet your house on it.
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Old 10-06-2011, 01:52 PM   #186
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Default Re: Credit crisis in Greece, others to follow...?

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Don't know if you're kidding or not but...
1. ever heard of inflation? How about the exchange rate?

4. The euro is a good idea IMO, however instead of having one big area where it is used the eurozone should've probably been divided into smaller bits. Macroeconomic theory states that an area benefits from a common currency if either 1. it responds to similarly to changing markets and shocks or 2. the work force can and does move freely within the area. Neither of these are true in the EU, compare this to the US for example where the workforce is a lot more willing to move far away from their current location in search of jobs.
1. There's inflation when the gov'ment creates money but not when a private bank does it? Inflation can be managed either through legislation or some control mechanism.

4. So the eurozone would be a good idea if it wasn't the eurozone? Okay.
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Old 10-06-2011, 03:06 PM   #187
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Default Re: Credit crisis in Greece, others to follow...?

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Originally Posted by Mjau! View Post
1. There's inflation when the gov'ment creates money but not when a private bank does it? Inflation can be managed either through legislation or some control mechanism.

4. So the eurozone would be a good idea if it wasn't the eurozone? Okay.


ECB together with the national central banks control monetary policy in the eurozone. Private banks don't have the authority nor the means to "create" money. Perhaps what you're talking about is the money multiplier for banks? However, this is in effect controlled by the ECB through the interest rate.

Legislation cannot control inflation and in the euro area, neither can fiscal policy since it doesn't really exist. Exchange rates also fluctuate and inflation rates affect these.

What I meant is that a common currency in some European areas is good, however the membership should have been regulated more carefully.
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lol, who will beat him? Wawrinka? Berdych? Gulbis? Rosol? Federer?

Only Del Potro can take him out before the semis, and he won't. Nadal is winning the AO, bet your house on it.
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Old 10-06-2011, 03:34 PM   #188
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Default Re: Credit crisis in Greece, others to follow...?

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Originally Posted by fast_clay View Post
they pressured the irish into bending over to take a loan out with the euro central bank, when instead the irish government should have called their bluff and said 'lol, who's debt is this really...? who backed our banks...?' that would have been much more fun... no wonder the germans loaded up on gold in late 2008... they knew the shit had well and truly hit the fan, and knew who was knee deep in it...
And it wasn't them.

Somehow, it never is them.

And it's quite a shocking piece of logic to repeteadly say that when others are in deep shit, it's the Germans's fault.
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The methods and drugs used by Armstrong in 1999 would work in tennis right now, with zero chance of being caught (not slightly surprising to anyone familiar with the topic, btw).
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Old 10-06-2011, 03:57 PM   #189
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Default Re: Credit crisis in Greece, others to follow...?

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Originally Posted by Mjau! View Post
I has devised a plan to heal the pathological monetary system.

1. End central banks and forbid nations from borrowing money from private banks at debt and interest. Money should be created by the state, debt-free. There's no good reason why the government should tell a bank to create X billions and lend it to the government at interest when the government could just as well create that money themselves, without the interest and national debt.
there are many reasons. inflation being the primary cause... there's a reason why most central banks are independent from the government.
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Old 10-06-2011, 07:51 PM   #190
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there are many reasons. inflation being the primary cause... there's a reason why most central banks are independent from the government.
Yeah, inflation and exchange rate will note the artificial increase of the money stock.

Does Mjau actually think that the private banks just started printing out money that they didn't have ?
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lol, who will beat him? Wawrinka? Berdych? Gulbis? Rosol? Federer?

Only Del Potro can take him out before the semis, and he won't. Nadal is winning the AO, bet your house on it.
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Old 10-06-2011, 07:52 PM   #191
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Default Re: Credit crisis in Greece, others to follow...?

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And it wasn't them.

Somehow, it never is them.

And it's quite a shocking piece of logic to repeteadly say that when others are in deep shit, it's the Germans's fault.
nope... you're right... it's the federal reserve... a front bank posing as part of the u.s. government... a bank privately owned yet people think this bank is somehow working for them...

they are the true creators of financial inflation and contraction in the western world... oh yeah, them and the rothchilds...

wanna take a loan from the federal reserve...? then you are the slave... not even the german's are a sovereign nation...
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Old 10-06-2011, 08:39 PM   #192
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Default Re: Credit crisis in Greece, others to follow...?

all in all, the krauts, the yanks and the island monkeys are all in deep shit

ergo, im probly in deep shit too
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Old 10-06-2011, 09:46 PM   #193
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Default Re: Credit crisis in Greece, others to follow...?

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all in all, the krauts, the yanks and the island monkeys are all in deep shit

ergo, im probly in deep shit too
when the people are asked to bail out banks you know the bankers have probably lost control of the monster they built...
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Old 10-06-2011, 11:38 PM   #194
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Default Re: Credit crisis in Greece, others to follow...?

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Originally Posted by Har-Tru View Post
And it wasn't them.
Oh yes they are, we all are.

Quote:
Somehow, it never is them.

And it's quite a shocking piece of logic to repeteadly say that when others are in deep shit, it's the Germans's fault.
Who designed and controls ECB? Germany
Who pushed for Greece and other PIGS to join? Germany
Who knew Greek numbers were cooked? Everyone, including my grannie Rosa.
Who kept ridiculuosly low interest rates in the Eurozone since its birth? ECB
Who benefited from those rates? Everyone. PIGS rolled in cheap money to buy German goods.
Who were the first to shit on the stability pact and literally bended it to acommodate their non-compliance? Well, Germany... and France.

It is everyone's fault in fact, including and very predominantly Germany's fault, so it's time for everyone to take responsability. Germany must stop deluding itself about PIGS paying the whole party.
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Old 10-07-2011, 12:10 AM   #195
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Default Re: Credit crisis in Greece, others to follow...?

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Originally Posted by JolánGagó View Post
Oh yes they are, we all are.

Who designed and controls ECB? Germany
Who pushed for Greece and other PIGS to join? Germany
Who knew Greek numbers were cooked? Everyone, including my grannie Rosa.
Who kept ridiculuosly low interest rates in the Eurozone since its birth? ECB
Who benefited from those rates? Everyone. PIGS rolled in cheap money to buy German goods.
Who were the first to shit on the stability pact and literally bended it to acommodate their non-compliance? Well, Germany... and France.

It is everyone's fault in fact, including and very predominantly Germany's fault, so it's time for everyone to take responsability. Germany must stop deluding itself about PIGS paying the whole party.
yep... and nobody even knows about it cos every f**ker has a what...? that's right... a loan... not even the stated owned bbc will give you the right info... because why...? no supposed impartial news service will give you the truth because the truth is that whatever western state runs that news service is bent over the kitchen table copping some mighty length from a loan that will never truly be paid off...

a lifetime of servitude...

f*ck knows how a government of any people allows itself to be entangled with 'national debt' in the first place
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