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Sovereign debt crisis at 'boiling point', warns Bank for International Settlements
Telegraph ^
| 04/08/10
| Ambrose Evans-Pritchard
Posted on 04/08/2010 4:50:14 AM PDT by TigerLikesRooster
click here to read article
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To: TigerLikesRooster
Translation: "If we don't get to print a global currency (aka "carbon credits") we'll run out of ways to swipe, "monetize" your assets."
21
posted on
04/08/2010 6:35:21 AM PDT
by
Carry_Okie
(The RINOcrat Party is still in charge. There has never been a conservative American government.)
To: TigerLikesRooster
Translation: "If we don't get to print a global currency (aka "carbon credits") we'll run out of ways to swipe, "monetize" your assets."
22
posted on
04/08/2010 6:35:40 AM PDT
by
Carry_Okie
(The RINOcrat Party is still in charge. There has never been a conservative American government.)
To: TigerLikesRooster; Admin Moderator
Sorry for the double post. I don’t know how that happened.
23
posted on
04/08/2010 6:36:33 AM PDT
by
Carry_Okie
(The RINOcrat Party is still in charge. There has never been a conservative American government.)
To: PGalt
BUMP! 535 rotating criminals in the legislature, the rotating executive branch of criminals, many lifetime judicial criminals, their propagandists & sycophants have really done a number on this nation. The states, counties and cities are the stomping grounds for socialists. I don't think Soros is hurting. The same bankers screaming about bonds have quietly advocated leftist policies that created this debt. This class of investors makes their money on regulatory favors for their performing assets.
24
posted on
04/08/2010 6:39:25 AM PDT
by
Carry_Okie
(The RINOcrat Party is still in charge. There has never been a conservative American government.)
To: jiggyboy
I think you point out the big problem with trying to "inflate away" our problems. Social security is automatically indexed for inflation, and therefore the unfunded liability for SS would simply keep pace with any democrat/liberal-induced inflation.
25
posted on
04/08/2010 6:45:39 AM PDT
by
Oceander
(The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
To: TigerLikesRooster
so if we all go down together at the same time we can forget about it and have one big Global Socialist Party (which was no doubt the plan all along)
To: Buckeye McFrog
no doubt the plan all along I too think that was the plan all along. Can't have the evil US be the superpower. Need to bring us down to their level. What is not being considered is what the REAL EVIL will do once we are no longer a superpower and we are in total chaos.
27
posted on
04/08/2010 7:03:25 AM PDT
by
LuvFreeRepublic
(Support our military or leave. I will help you pack BO!)
To: jiggyboy
I figure that before they can start the hyperinflation route, they will need to change that situation from whatever care you need, subject to death panel approval to a certain lifetime dollar amount which then can also be hyperinflated away.No need to hyperinflate. MANDATE...forced payment by threat of imprisonment...ability to loot savings accounts by the IRS...death by with-holding care after your assets have been drained...can all work out for the totalitarians. Monetary drains (Medicare/Medicaid/Social Security) will be turned into monetary gains. Solution: Dead Americans...get rid of the useless eaters. (Terry Schiavo anyone?)
28
posted on
04/08/2010 7:06:15 AM PDT
by
PGalt
To: TigerLikesRooster
Don’t worry, Obama will fix it all.
29
posted on
04/08/2010 7:07:23 AM PDT
by
pb929
To: Carry_Okie
I don't think Soros is hurting. The same bankers screaming about bonds have quietly advocated leftist policies that created this debt. This class of investors makes their money on regulatory favors for their performing assets.Absolutely...(taking us back to the topic of the post). Orchestrated chaos/misery from the financial totalitarians of the left. Result: More Control.
30
posted on
04/08/2010 7:10:20 AM PDT
by
PGalt
To: Oceander
Ah but SSI &c are indexed for government-calculated inflation, which is always lower than real inflation. They'll make it up eventually.
31
posted on
04/08/2010 8:04:08 AM PDT
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: jiggyboy
Fair enough; however, leaving aside the fact that, as we all know all too well thanks to the shenanigans with the CBO "scoring" of the Obastardcare disaster, they are still indexed to some measure of inflation, which means that it is next to impossible to inflate our way out of the unfunded liabilities for Social Security.
32
posted on
04/08/2010 10:37:21 AM PDT
by
Oceander
(The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
To: jiggyboy
I have a relative in the nursing home biz.
She says that “Death By Medicare/Medicaid” is accelerating now.
When you can’t work anymore, you are of no use to the State, so they kill you.
33
posted on
04/08/2010 10:57:27 AM PDT
by
darth
(c)
To: HospiceNurse
So lets just declare sovereign bankruptcy and start over! The whole world is going to do that in the next two years.
34
posted on
04/08/2010 11:00:04 AM PDT
by
NeoCaveman
("workers of the world unite, it's not just a slogan anymore" SEIU's Andy Stern)
To: TigerLikesRooster
"The question is when markets will start putting pressure on governments, not if. "
Hopefully Obama's team won't be able to draw this out until "ruin" in the only option.
35
posted on
04/08/2010 11:11:26 AM PDT
by
GOPJ
(http://hisz.rsoe.hu/alertmap/index2.php?area=dam&lang=eng)
To: GOPJ
Obama’s take over of America banks
36
posted on
04/08/2010 12:34:13 PM PDT
by
day21221
To: GOPJ
37
posted on
04/08/2010 12:34:13 PM PDT
by
day21221
To: day21221
38
posted on
04/08/2010 2:49:27 PM PDT
by
GOPJ
(http://hisz.rsoe.hu/alertmap/index2.php?area=dam&lang=eng)
To: darth
She says that Death By Medicare/Medicaid is accelerating now. More profitable to kill them off now before Obama Care kicks in.
39
posted on
04/08/2010 5:12:22 PM PDT
by
Doe Eyes
To: Oceander
Social security is automatically indexed for inflation, and therefore the unfunded liability for SS would simply keep pace with any democrat/liberal-induced inflation.
Unless government officials fudge the numbers to under report inflation. If the reported number is less than reality, Socialist inSecurity would not keep pace with inflation.
40
posted on
04/08/2010 6:57:36 PM PDT
by
javachip
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