Posted on 08/28/2011 4:34:40 PM PDT by tobyhill
You can not bail out Socialism .
well, that's another matter...probably; and then too we'll be swapping bonds and making things look better that way.
Just can't see EU breaking up before Germany and France are shaken down. I guess that doesn't bode well for the everyday people of those countries.
I believe this is what the chick from the IMF was euphemistically outlining in her speech: the mandatory recapitalization of european banks.
It has already begun. The industry in Europe laid off 40,000 people in July/August alone, in what Bloomberg called a "bloodbath" and "fundamental restructuring of banking." That fundamental restructuring is the implementation of punitive Basel III capital reserve requirements -- at the worst possible time. I wish I could be more optimistic but that sort of activity is (based on my observation) very bearish for the economy. This sort of wild cost cutting is also symptomatic of panic behavior, just as it was on Wall Street in 2008.
Finally, the DAX acted awfully all last week, when other markets fared relatively well. There was no publicized, immediately obvious reason, so the market was telegraphing some very bad impending news.
No, but you can puncture everyone else's boats.
Bureaucratic overlords in Europe and the USA don’t like the tea party and twist facts to fit their agenda. There is no truth - only spin. Ignore the media. They lie.
Maybe Obama will bail them out.
To the socialist EU crowd, any popular rebellion disallowing what they want to do, is named “dangerous” (domestic terrorism in the US) or “hysteria.”
No doubt it has occurred to an increasing number of Germans that they get no benefit whatsoever from being part of the EU. All they get is the opportunity to bail out weaker states.
Ser gute!........
no doubt. so what?
The CDU already suggested that last year when the Greek issue first erupted.
The nice Germans in the CDU reckoned that Germans need a vacation resort, the Greeks need money, so why not sell some unused Greek islands to the Germans?
The Greeks went ape.
DEFUND socialist collectives everywhere.
Yeah. The last time Germany got massively tee’d off, a demogogue came around... and, well, we all know the rest.
The looters (alias the EU elites) want to defer the inevitable collapse as long as possible, so that they can loot just a little bit more. The German populace is starting to see that they are being looted, and don't like it one bit.
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