Global Financial Crisis (20 Viewers)

[AndreaCristiano]

Thanks for that I'll read it later when I find some time.



I think going back to the gold standard is a solution. But a solution for a much more stable economy. At the moment it would be weird to do so with all the debts flying around.



I actually had JP Morgan behind my post. I know silver isn't stable but due to Morgan's 'death' it's a safe bet, at least at the moment. Keiser is great, I love watching that guy. Silver will go down, no doubt about it.

Gold is valuable. Euro/dollar is just a piece of paper.

Your very welcome pretty informative!

 

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[Sadomin]

Fucking Swedish National Defence College wouldn't teach me in english

How come you wanted to apply to Försvarshögskolan and not at some other highly rated uni?

 

[Dostoevsky]

Italy's credit rating has been lowered last night due to a huge an 'unexpected' debt.

 

[AndreaCristiano]

Italy's credit rating has been lowered last night due to a huge an 'unexpected' debt.

yea well the whole world has huge debt because we all spent fake money that didn't exist

 

[Dostoevsky]

yea well the whole world has huge debt because we all spent fake money that didn't exist

Exactly. Germany faces negative rates and numbers and they are in the worst position since 1957. They have the biggest debt in Europe IIRC, but they have strong economy on the other hand. Also, they have a lot of gold stored, even more than China.

 

[AndreaCristiano]

Exactly. Germany faces negative rates and numbers and they are in the worst position since 1957. They have the biggest debt in Europe IIRC, but they have strong economy on the other hand. Also, they have a lot of gold stored, even more than China.

Its kind of like hey i don't have money you don't have money well lets just print some and give a lot of IOU's

 

[Dostoevsky]

Of course, they want to print their way out of trouble. They see that as a solution. Or better, they see that as a perfect financial terrorism and as their key to have the whole world on their knees.

All of banks are printing US dollar, yay. Fuck you Bernanke.

 

[AndreaCristiano]

Of course, they want to print their way out of trouble. They see that as a solution. Or better, they see that as a perfect financial terrorism and as their key to have the whole world on their knees.

All of banks are printing US dollar, yay. Fuck you Bernanke.

Bernake is garbage and should be investigated him and the federal reserve

 

[IrishZebra]

How come you wanted to apply to Försvarshögskolan and not at some other highly rated uni?

The folly of youth.

yea well the whole world has huge debt because we all spent fake money that didn't exist

Exactly

Exactly. Germany faces negative rates and numbers and they are in the worst position since 1957. They have the biggest debt in Europe IIRC, but they have strong economy on the other hand. Also, they have a lot of gold stored, even more than China.

You know the only thing worse than bailing out the Euro for Germany? letting it collapse.

 

[Dostoevsky]

You know the only thing worse than bailing out the Euro for Germany? letting it collapse.

Can't argue with that. I was just pointing out some 'numbers'.

 

[IrishZebra]

They're going to take everything from Greece, everything. It'll be Deutschesprotecterat-Greichenland

 

[AndreaCristiano]

They're going to take everything from Greece, everything. It'll be Deutschesprotecterat-Greichenland

Greece deserves it lazy arrogant people who expect to do nothing and live

 

[IrishZebra]

Greece deserves it lazy arrogant people who expect to do nothing and live

Yeah, GREECE is socialism with a capitalist face.

 

[Dostoevsky]

They're going to take everything from Greece, everything. It'll be Deutschesprotecterat-Greichenland

It's not just Germany, it's high-profitable corporation pulling the strings. I bet they are going to own 50% of Greece when they 'sell it'.

Bernake is garbage and should be investigated him and the federal reserve

He's a world class thief.

Its kind of like hey i don't have money you don't have money well lets just print some and give a lot of IOU's

Which is banks fault, as they control the quantity and manipulate over government. It's rather idiotic it just keeps happening, the bubble is just bigger now. They have to reform the whole monetary system.

 

[IrishZebra]

Luckily enough the bigger companies in Europe have significant state holdings, especially french ones. If EU companies clean up, I don't mind, but if the Chinese or American get a sizeable piece, fuck that.

This is the true nature of capitalism, play on public greed and exploit the poor.

 

[AndreaCristiano]

Yeah, GREECE is socialism with a capitalist face.

this we agree

 

[AndreaCristiano]

Luckily enough the bigger companies in Europe have significant state holdings, especially french ones. If EU companies clean up, I don't mind, but if the Chinese or American get a sizeable piece, fuck that.

This is the true nature of capitalism, play on public greed and exploit the poor.

here I disagree. My father came to the US with 100 dollars in his pocket me and my mother in tow, capitalism gave this poor italian a chance and he made the best out of it now we own a restaurant and a lovely home. He wouldn't have been able to do that in quasi socialist italy

 

[Dostoevsky]

Bill Still said two things has to be done

1) You have to eliminate government borrowing
2) You have to eliminate the ability of banks to lend money that they don't have

I.. gotta say I agree with the 2nd statement completely. It's pure manipulating system at the moment. And I'm not sure what he meant with the first one, I didn't really get that. Somebody cares to enlighten me? I know what it means, but I don't see the point of it. How do you control fiscal politic then?

 

[AndreaCristiano]

Bill Still said two things has to be done

1) You have to eliminate government borrowing
2) You have to eliminate the ability of banks to lend money that they don't have

I.. gotta say I agree with the 2nd statement completely. It's pure manipulating system at the moment. And I'm not sure what he meant with the first one, I didn't really get that. Somebody cares to enlighten me? I know what it means, but I don't see the point of it. How do you control fiscal politic then?

agree 100%

 

[IrishZebra]

here I disagree. My father came to the US with 100 dollars in his pocket me and my mother in tow, capitalism gave this poor italian a chance and he made the best out of it now we own a restaurant and a lovely home. He wouldn't have been able to do that in quasi socialist italy

Well of course not because Italy is a corrupt client state.


Separating Commercial and Investment banking would leave only pensions and private investors in the lurch.

Investment bank goes bust? doesn't impede the commercial banks ability to seek finance.