‘splain to me again, the blessings of a “Global Economy”.
Turbo Tax Timmy (T3) is on the case. Sorry Europe!
What utter rubbish.
As if we can turn off Niagara Falls with a mandate from bureaucrats.
Did Little Timmy check his numbers on Turbo Tax before telling the Europeans how to solve their problems?
(Pot, kettle)
These fools are the problem! They need to get the Hell out of the way and let Capitalism work.
Since nothing Geithner’s done has helped at all, prepare for the global economic collapse to be even WORSE after he ‘helps.’
So tax cheat Gietner who could not figure out turo tax which caused him to not pay his taxes is going to save the world, funny!
Forgive me for being confused. Can someone tell me which global catastrophe this is the last chance to avoid?
Is it global catastrophe number 482,156, sub-catastrophe D dash 409, section 3? Or is it global catastrophe number 459,112 sub-catastrophe M, section A4?
This crap won't fly in Germany. The German people will unelect any coalition that votes for it and will eventually negate it...even if the current government signs on.
Germany has been burdened with these long, expensive payouts in the past...and it always ended badly.
They will not take the screwing this time.
Basically, there are only two routes out of this situation: Japan or Iceland.
Iceland involves a quick collapse of the economy, where those who hold bad loans simply lose out whatever it is they hold. Very painful.
Japan involves a long and drawn out process, where the bad money slowly gets filtered out over a period of time. One method of doing this would be, as bonds mature, to sell more bonds, but at lower interest rates than previous bonds.
Will he nudge them faster on their current course just as he has been doing to us?
The sticking point is that there is nothing in place that would stop the PIGS from running up another tab.
They had some definitions in place for admission to the Euro but those were almost universally ignored.
Why does this guy have any credibility? Why do people keep listening to him?
And what makes him think he has all the answers.
Answer. Because the people who think he has credbility are the people who listen to him which is why he thinks he has all the answers.
A big incestuous circle jerk.
Its the sequel to Deliverence
Why does this guy have any credibility? Why do people keep listening to him?
And what makes him think he has all the answers.
Answer. Because the people who think he has credbility are the people who listen to him which is why he thinks he has all the answers.
A big incestuous circle jerk.
Its the sequel to Deliverence
Fantastic.
Little Timmy has put on his SUPERMAN suit and will save the world!
I feel so secure.
Had to go through the comments to figure this all out, and a better article is here;
http://www.telegraph.co.uk/finance/comment/8787064/Eurozone-leaders-comedy-of-errors-brings-monetary-union-to-the-brink.html
here’s one comment that tries to break it down;
elvishasleftthebuilding
Today 12:51 AM
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38 people
There’s been so much posturing via the media this week, it’s hard for ordinary folk like me to figure out what’s really going on (or about to happen...)
Is far as I can tell:
1) Greece, Portugal and Ireland are already bankrupt, soon to be official.
2) Southern Europe will soon be bankrupt.
3) Northern Europe, UK, and US will then be a lot poorer.
4) The US is asking Germany to make sure it gets its money back, just like China was asking the same of the US last year.
5) Everyone has forgotten the the US is really bankrupt, as this won’t be official for some time yet.
6) When the US goes bankrupt, China will be a lot poorer.
Japan must figure in here somewhere too.
Another comment I liked;
Now how soon will it take for a political party to be formed in Germany which appeals to the their taxpayers ie we will make our own way in life and any growth will be shared with our own people. The old Deutschmark kept appreciating but in essence and relative terms it basically made the Germans wealthier, now that sounds much more tempting than a fiscal union in which you are forever subsidising not even your own brothers even cousins but in laws twice removed!
last chance for the elites to delay dealing with the reality of the consequences their narcissism...