Global Financial Crisis (4 Viewers)

[IrishZebra]

http://www.independent.ie/national-...s-with-investors-over-bank-share-2829939.html

State and BoI in talks with investors over bank share

Bank of Ireland and the Government are in advanced discussions with potential investors with a view to taking a share in the bank, it was confirmed yesterday....


Sweet fuck some good news

 

Buy on AliExpress.com

[swag]

This one's for you, Andy: Cristiano Ronaldo as bank collateral.

Football Legend Cristiano Ronaldo To Be Used As ECB Collateral
http://www.zerohedge.com/news/football-legend-cristiano-ronaldo-be-used-ecb-collateral

 

[GordoDeCentral]

waiting for the day when you can use your wife as collateral

 

[Fred]

If she's hot you probably can

 

[Bjerknes]

This one's for you, Andy: Cristiano Ronaldo as bank collateral.

Football Legend Cristiano Ronaldo To Be Used As ECB Collateral
http://www.zerohedge.com/news/football-legend-cristiano-ronaldo-be-used-ecb-collateral

Just another reason to hope for an untimely hot tub "accident."

 

[AndreaCristiano]

this world is shot when we think we can pay our way out of everything and we are all in the vicious cycle of borrowing from each other because we have to support everyone who doesnt work or have health care etc etc. Its gonna have to revert to a world of more independent success and failure or we will all default

 

[Bjerknes]

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.3 percent in the second quarter of 2011, (that is, from the first quarter to the second quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.4 percent.

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

Look at that revision. 0.4 percent? Sorry, but there isn't a recovery. I've been saying this for years now. It's all government spending and cooked numbers that they revise down.

Even with all this spending they haven't produced a solid GDP increase over 4% per quarter.

 

[Dostoevsky]

Democrats and Republicans still can't reach an agreement?

Lol, are we going witness the bankruptcy of the US in the early August?

 

[IrishZebra]

Democrats and Republicans still can't reach an agreement?

Lol, are we going witness the bankruptcy of the US in the early August?

If they're stupid enough to allow that to happen, everything is going to get a lot worse.

 

[Dostoevsky]

It will be a lot worse for sure. But don't be so naive believing if they don't allow it now and if they change the law, how it's going to be so great. Well no, it's actually going to be the same at this stage but once they have to repay the debt it's going to be WORSE than now, since debt made will be a lot bigger. There's no way out of this, it's just a matter of time actually. If it doesn't happen now it will happen next year but the damage done will be much bigger. Postpone it or not, good luck to the world economy.

 

[swag]

this world is shot when we think we can pay our way out of everything and we are all in the vicious cycle of borrowing from each other because we have to support everyone who doesnt work or have health care etc etc. Its gonna have to revert to a world of more independent success and failure or we will all default

Except health care works best through leveraged agreements. See: Medicare pricing versus what the average health care plan has to pay for the same services. Then add up how much we're already paying for the uninsured for decades now through subsidized county ERs, etc., and you're not exactly talking about a whole bundle of loot waiting to rain down on the suffering folks who have medical care because others are excluded. In fact, it's probably a bit of the opposite.

An aspirin costs $38 to your health care plan in hospitals today (and this is no exaggeration) because each covered patient subsidizes the 7 others who aren't covered. This is necessary today to keep county ERs solvent and their doors open. Unless you're willing to support a policy that keeps people bleeding from car accidents, carrying infectious diseases to the community, etc., out on the sidewalks in front and prevented from ever coming in for aid.

 

[IrishZebra]

Healthcare should be free for everybody

Those with health insurance should get nicer rooms better aftercare etc.

It's a human right, and leaving poor people to die because they can't afford medicine is disgusting and dare I say it Unchristian.

 

[IrishZebra]

It will be a lot worse for sure. But don't be so naive believing if they don't allow it now and if they change the law, how it's going to be so great. Well no, it's actually going to be the same at this stage but once they have to repay the debt it's going to be WORSE than now, since debt made will be a lot bigger. There's no way out of this, it's just a matter of time actually. If it doesn't happen now it will happen next year but the damage done will be much bigger. Postpone it or not, good luck to the world economy.

At this rate yes it is, but if the UST bond is decreasing in value that'll wreak havoc on other bond yeilds and could force several countries into default and the a domino effect

 

[AndreaCristiano]

Except health care works best through leveraged agreements. See: Medicare pricing versus what the average health care plan has to pay for the same services. Then add up how much we're already paying for the uninsured for decades now through subsidized county ERs, etc., and you're not exactly talking about a whole bundle of loot waiting to rain down on the suffering folks who have medical care because others are excluded. In fact, it's probably a bit of the opposite.

An aspirin costs $38 to your health care plan in hospitals today (and this is no exaggeration) because each covered patient subsidizes the 7 others who aren't covered. This is necessary today to keep county ERs solvent and their doors open. Unless you're willing to support a policy that keeps people bleeding from car accidents, carrying infectious diseases to the community, etc., out on the sidewalks in front and prevented from ever coming in for aid.

yes the others whom aren't covered by this you mean the illegal immigrants and the 58% of americans who do not pay income taxes. These people who already milk the system and raise the cost for everyone else who already pays into the system is why that aspirin cost 38 dollars

 

[AndreaCristiano]

Democrats and Republicans still can't reach an agreement?

Lol, are we going witness the bankruptcy of the US in the early August?

America is nowhere near bankruptcy or insolvency there are enough revenues to pay the debt down for a long time, the issue is that the debt ceiling should not be raised without considerable debt reduction and the democrats especially just want to continue spending at 7% of the baseline plus every year. Over an eight term period without cuts and a balanced budget agreement we will be back to square one. They should adopt the 1% plan


http://www.kennethdurden.com/2011/07/rep-connie-macks-penny-plan-makes-too.html

http://inthearena.blogs.cnn.com/2011/06/06/rep-connie-mack-a-plan-to-save-trillions/

http://video.foxbusiness.com/v/979105666001/connie-macks-one-cent-solution/

 

[AndreaCristiano]

Healthcare should be free for everybody

Those with health insurance should get nicer rooms better aftercare etc.

It's a human right, and leaving poor people to die because they can't afford medicine is disgusting and dare I say it Unchristian.

yes it is but it is unrealistic to think everyone could be covered it doesnt make fiscal sense

 

[swag]

yes the others whom aren't covered by this you mean the illegal immigrants and the 58% of americans who do not pay income taxes. These people who already milk the system and raise the cost for everyone else who already pays into the system is why that aspirin cost 38 dollars

But most illegal immigrants are scared shitless to go to hospitals for fear of being discovered/turned over. I just don't follow your logic here.

Not that I am thrilled with illegal immigrants. But to basically fault the failure of the economy on economically desperate people who come here to take minimum wage jobs and keep the prices of our produce and restaurants subsidizingly low as some kind of massive tax dodge is ideologically sound but conceptually bankrupt in a practical reality sense.

Good luck there trying to balance the budget through nickel-and-dime taxes off those filthy rich illegal immigrants.

 

[Dostoevsky]

America is nowhere near bankruptcy or insolvency there are enough revenues to pay the debt down for a long time

Then how come they have to chose between repaying bonds to the Chinese people and giving the pension and social givings to the people within the country?

 

[Bjerknes]

Democrats and Republicans in this government are both inept in economics and are both scumbags. The former are the worst of the lot because they keep claiming Obama should have spent more money to "kick-start" the economy, which would have put us in even more trouble than we're in now. You can't "kick-start" an economy by throwing cheap money at it because there are ramifications in various markets in doing so. That's what these faggots don't understand, they don't understand how markets work. They don't understand real economic growth comes from the private sector, not the government. But since they're all wannabee socialists their idiocy has no bounds.

I have a great idea to "kick-start" the economy. Confiscate all assets held by members of CONgress, sell them, and start paying down the national debt with that. Place them all in FEMA Camps and force them to start producing cheap goods like in China for pennies per day. That will kill two birds with one stone in trying to spur on economic growth since the largest bane to the economy is Washington itself. Fuck them all, go to fucking hell.

 

[AndreaCristiano]

Not that I am thrilled with illegal immigrants. But to basically fault the failure of the economy on economically desperate people who come here to take minimum wage jobs and keep the prices of our produce and restaurants subsidizingly low as some kind of massive tax dodge is ideologically sound but conceptually bankrupt in a practical reality sense.

Good luck there trying to balance the budget through nickel-and-dime taxes off those filthy rich illegal immigrants.

its the failure of corrupt government and peoples. If mexico wasnt so corrupt and empty they could possibly make their economy better and therefore there would be no need for illegal immigration