Posted on 12/17/2011 3:23:42 PM PST by blam
...gee, that guy is really smart to come to that conclusion. Must be why he is the head of the IMF. The real question is, “What’s he going to do about it?”....Abolish big banks, hand out more free credits, demand more contributions to stop global warming, position to make money off of a depression, punt, just exactly what is his plan?
Considering that the Europeans are cutting their military... I’m not seeing any military actions coming from their quarter.
Now, China may decide that their 1st aircraft carrier’s shakedown cruise might need to be through the Suez Canal and take place in the northern Mediterrean...
:-P
“There may be one glimmer of hope on the horizon. The Federal Reserve has been lending huge amounts of money to the European Central Bank “
Hey I have a great idea. Let’s start PhonyCare as soon as possible, fining the _ _ _ _ right out of legal U.S. citizens, and pass that right into the “banking” system pronto. And any so called financial “industry” exposed, let em hike their premiums to __ __ __ __ as a backdoor fine. Hurray!
In the next several years we may once again see war threaten Europe. Those peoples have never been able to keep from each others throats for long.
The EU may have more of everything the US does with the exception of a couple items. GUNS and GUTS. Let those chickhenshit$ grovel. Let those of us who have prepared be spared the indignity of groveling and give us the opportunity to teach those that haven’t prepared a lesson in basic humanity 101. The Marshall Plan 2012 aint happenin’ baby.
Nah, I just keep preparing for ours.
Talk themselves into a depression?
Its been a depression since the dems captured the US congress in ‘07.
The EU has nothing.
The EU is not a nation, nor a single culture, and has no glue to hold it together beyond their resentment and jealousy toward the US.
Experiment failed.
I've continued to post currency exchange rate information to threads referencing the dire situation in the EU, because there is an utter disconnect between rhetoric and reality.
The Euro closed Friday at $1.3046. Thursday, it was just shy of $1.30. A week prior, it was $1.32 or so, two weeks prior it was $1.349 or so, which was a seven week low. $1.30 does not represent a decline to the lows of 2008 versus the dollar. It represents a decline of just over four cents on the dollar, less than three percent overall since the whole situation appear to begin coming to a head over a month ago.
I've theorized that the Euro will not be allowed to decline below $1.30 by means of massive outside intervention, ie currency manipulation. The other possibility is that the private sector does not see the situation being as dire as the near hysterical news reports would depict.
I honestly don't know, but I'm watching closely. Statements such as the one I excerpted are routinely being proved wrong thus far, for whatever reason. The Euro has not dropped like a rock.
Speaks like the idiot leftist hack all Obama's people are.
In the next several years we may once again see war threaten Europe.........
Indeed, but it wont be from external forces it’ll be from the radical Islamic immigrants. What the Islamists couldn’t accomplish in Gall will be enjoined and accomplished in Liverpool, Amsterdam, Stockholm, and Munich before 2015.
If we want to experience the same here in the US we just need to tolerance the goings-on in Dearborn, Toledo, and other nodes of Islamic footfall.
And so, with a hearty approbation, I endorse Mr Newt Gingrich for President 2012. Let them eat dates.
>> “Total Meltdown or open military conflict?” <<
.
First act of this play will be an attempt to introduce a global currency, but the upcomming US election dictates that will fail. Obama cannot hand the GOP that big of an advantage in the election, so wars may be the reality.
IMF’s Lagarde Says ‘Downside Risks’ Are High for Global Economic Recovery
International Monetary Fund Managing Director Christine Lagarde said “downside risks” are high for the world economy.
“We’re in it together and we will be able to solve it together,” Lagarde said in an interview on Bloomberg Television with Tom Keene. “Growth has slowed, the downside risks are high.”
Lagarde said she will try to instill a “sense of urgency” at the IMF’s annual meetings this week.
This is how elites panic: in slow motion, thoughtfully, with an air of assurance. But for our money, it's still panic. They're out of control, grasping for a solution, coming up short repeatedly. They're starting to get desperate, but haven't cast pretenses to the wind quite yet.
guess they’re “starting to cast pretenses to the wind.”
That is the final line from “Fred’s Law”.
Are you Fred?
I knew Fred in NM.
They have been warning us that we need to sacrifice America to save Europe but the average America doesn't buy into it.
So they are working extra hard to make their predictions come true.
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