Posted on 11/09/2011 3:27:31 PM PST by blam
When in doubt - print more money!
But I don't even speak Austrian.
“Federal Reserve needs to buy up every single European bond owned by every single American financial institution”
Satire, right??????????
Maybe you speak Australian? :)
It’s going DOWN boys. 7 percent already? The Euro is DOOMED.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!
The Italian debt crisis is blowing up.
First, the scoreboard:
Dow: -389.3 pts, -3.2%
S&P 500: -46.8 pts, -3.7%
NASDAQ: -105.8 pts, -3.9%
(snip)
Gold Is No Place To Hide When Everyone Is Selling Everything
how’s your chinese?
Not satire. I'll translate it for you. It really means:
The Federal Reserve needs to relieve the banks of the risks they took, and transfer that risk to the American taxpayer.
That one quote in the article is absolutely brilliant, I must admit.
This is the way the Euro ends.
Not with a bang, but with bunga-bunga.
LOL!
Plenty of money for a small purchase like that, I am sure/s
In 1931 Austria was a brilliant brain and a beating heart of a body which had been drawn and quartered.
I call B@llsh#t on this.
Even worse 1931 Austria had been FORBIDDEN to join itself to the only state which could save it.
No.
It is not 1931.
No.
There we are not a tad bit like Austria.
The Fed is not going to save us.
The establishment is a believer in internationalism and of the EUrtopian Dream. They will try to prop it up with as many billions or trillions as they can print.
Today Jefferson County Alabama determined that bankruptcy was the only possible way forward. Un mentioned were the creditors. Who will not be paid?
A bank failure precipitating the calamity seems less likely than the failure of an insolvent state. It will just happen. One day we will wake up to learn that the state is insolvent and failed to pay some creditor the day before and has no cash for other imminent payments. Also, ordinary trade creditors already with nonpayments 90 days old are totally screwed and three declare immediate bankruptcy because they are insolvent as a result of the state’s nonpayments.
Then banks holding state bonds will fail. the dominos will all begin to hit the table
After the way the EUrtopians celebrated the Greek debt “haircut” (THEFT) who in their sane mind would buy any EU bonds??
Right. The US taxpayer will be putting the entire EUro zone on welfare. The US taxpayers are the worlds biggest chumps, and the world knows it.
Sadly, there is only one thing that can solve our problems and it isn’t pretty - the complete collapse of the welfare state. The American public such as it exists today will never vote their transfer payments and benefits away. The Republican party won’t really advocate curtailing entitlements because they know it will be too unpopular and they’ll lose badly. Our problems will likely only be fixed through a complete economic collapse and the hope that what wins power afterward are conservatives. We will have to amend the constitution as well to write out all possibility of the federal government getting back in the entitlement and social welfare business. The collapse is coming, there is no doubt considering the path we are on - the only question is how long and what takes over after the fact. We can only hope for the best as these types of things often end badly.
我不知道一個中國字。
This would be bailing out American banks for bad economic choices.Where do I sign up for my bailout? I’ve had people default on me, where was the Fed when I needed them?
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