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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
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Analysis: Thinking the unthinkable -- a euro zone breakup
Interesting read on Reuters... Link
I know pornographers know better than everyone else in the world, including the experts, so please comment on where they are wrong and why it would never happen. |
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#2 |
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Hope it does happen. The fatherland needs to unshackle itself from these incompetents.
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#3 |
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Eurozone will never break up,after all those problematic countries would be bailed out even if they are not part of eurozone.After all,they giving them loan,not free money and i dont see any problem with it.
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#5 |
I am Amazing Content!
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nope - won't happen - no need to explain - lol
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#6 |
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it'll make the dollar go up
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#7 | |
FUBAR the ORIGINATOR
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#8 |
there's no $$$ in porn
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Let's not forget that by lending them money that didn't previously exist they are expanding the money supply and decreasing the value of our money. Let's also not forget that by lending out money at sub-market prices they are essentially encouraging more bad investments. Let's also not forget that the governments accepting the loans aren't the ones that will be held accountable if things go wrong (even though they are the ones who will be spending the money) and that those governments won't be the ones that will have to pay back those loans, but the people living in those countries.
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#9 |
Too old to care
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If the Euro survives, which it probably will. The EU will bring in very strict laws on what a country can and can't do financially. Allowing countries to run up massive debts to others have to bail them out is suicide financially.
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#10 |
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will happen, wait till shit hits the fan in major countries like spain or italy. that will be fun.
and webmasters should pray it happen for obvious reasons
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#11 |
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I would say go ask Germany
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#12 |
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At first I heard "Spain is too large to bail out" and now it is being considered. What's the deal with that?
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#13 |
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I believe and see signs that the only way to have something like the Euro is to have it globally. that is the only way for it to work.
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#14 |
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why can't they devalue the fucking euro is what I ask
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#15 |
So Fucking Banned
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From an outsider's perspective, the Euro amounted to welfare. You took countries like Germany and let them support the poorer countries. Just like we will never can welfare, they are pretty much stuck with the Euro.
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#16 |
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The bailouts are a method of entwining them all together forever; exactly as the Bankers planned
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#17 |
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Ahh my favorite quote of the day.
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#18 | |
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#19 |
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Obviously it can never work over the long term. Countries (all countries) can't manage their own domestic financial affairs, under the own laws and rules - they certainly can't do it in accordance to someone else's and aren't going to take a hit for the greater good of people that don't even like you. Inviting every gangster economy in Eastern Europe into the fold certainly isn't going to make anything better. Ultimately everyone will have to revert back to acting in their own interests, rather than the collective interests of the whole. I'm sure Germany will be among the first to break away from the Euro and then the EU. Why should the producers suffer for the non producers and the responsible suffer for the irresponsible and the productive suffer for the non productive?
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#20 |
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It's not a question of IF but WHEN. Ever since the Fall of the Roman Empire, various individuals and organizations have tried to cobble Europe back together. Always failed.
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#21 | |
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Right now economic activity in Germany is on a roll, but market economy has cycles...
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#22 | |
there's no $$$ in porn
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#23 |
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It can happen...but it can be also in 200 years...
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#24 |
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![]() ![]() EUR(ope) is strong... no need to worry about... US(D) is something you should worry about...
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#25 |
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USD is supported by China. No way China would let USD fail and harm its economy by losing their main trade partner.
Just look at the numbers: http://www.uschina.org/statistics/tradetable.html Not to mention that China is the main investor in US economy. Thus in my opinion it's too early to speak about US(D) collapse because everyone realizes that it will be collapse of the entire world's financial system.
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#26 | |
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#27 | |
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#28 | |
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1. US is the main importer for them 2. US economy collapse will lead to decreased or negative profit rates on Chinese investment projects. 3. US collapse will affect other US trade partners most of which trade with China as well. All mentioned above will lead to trade and financial imbalance which will result in the entire economy imbalance and of course it will start the well known "snowball effect".
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#29 |
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#30 | |
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whereas i agree with you that china would definitely feel an impact, what exactly would be bad for China? If the US went down, it would take us, europe, and most of the developing nations along with it (taking 'aid' from us), leaving a huge vacuum power to be filled by BRIC, but under this scenario, with no competition. hell, you could even say china was planning to invade both SK and India, leaving china, russia and brazil, with no competition and no chance of anyone saying 'nay' |
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#31 | |
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Take the 3rd out and there won't be the 4th. USA is the largest market for China. It explains everything.
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#32 |
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It is interesting whether the European union will break up or not. Country borders and unions are often changed, such as the collapse of USSR. It is also possible to see a new province created within a country, such as Nunavut in Canada.
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#33 |
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#34 |
So Fucking Banned
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#35 | |
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However, it seems that funding from outside the EU, or directly from the IMF is being considered if Spain does need a bailout. The problem for both Spain and Portugal is that rumours that they will be next to fail have led to loss of confidence on the financial markets so it's a knock on effect. Until the Ireland bail out, Spain was looking like it would make it, but now they're back in the spotlight again, along with recent complants of 'enough is enough' from the German chancellor, which are not particularly confidence inspiring either. |
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#36 |
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For those that missed it:
"China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday." http://www.chinadaily.com.cn/china/2...t_11599087.htm |
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#37 | |
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#38 | |
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#39 |
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It is public announced, both Russia and China dropped the USD.
What's next in the US, hyper inflation? Saw a documentary and that is kind of scary
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#40 |
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#41 |
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the eurozone is done with, it's just a matter of time.
Citizens didn't want the constitution so it was forced on them via treaty. There's resentment across the spectrum at immigrants and other countries. Now you have bailing out, loans and what not... it's just a matter of time. The citizens of wealthier countries will force their governments to leave eventually |
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#42 | ||
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Krugman's article about ireland and his suggestion of a way the euro could fail was interesting.
http://www.truth-out.org/ireland-and...time-part65532 Quote:
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#43 |
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#44 |
SZNY
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Let's hope for positive things
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#45 | |
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Sandro, look at the numbers first... All this buzz is more around the parties involved, that's it. The whole deal has very little impact on dollar because Russia and China don't do much bilateral trade. For example for China it's only 2% of its total trade with the world, for Russia - about 8%. So I'd say the whole deal will have more political impact rather than economic. Plus, actually, now I'm thinking that the US even might be wanting this deal, because Federal Reserve System wanted to devalue USD a little while China needed to revalue yuan. This strategy was discussed by US and China a month or so ago. So literally the deal serves the needs of all 3 countries - USA, China and Russia. You never know the reality behind the facts shown in mass-media... So who knows...
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#46 |
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That is completely thinkable btw...
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#47 | |
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#48 |
So fucking bland
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i hope it breaks up, the big three are the only countries holding it together cash wise and are being taken for a ride by the other countries. Also this free cross-border policy have really helped to destroy local commerce, why bother having a company now in the UK/France/Germany if some eastern european will come along and do the job for half the price.
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#49 | |
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#50 |
So fucking bland
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why? are you from eastern europe?
To have a free boarder and one currency across so many countries means that for many of the worse off countries, their standard of living will rise but it also means that the standard of living in the top of the first world countries has to drop to make an average across the range. or are you laughing at the eastern europeans undercutting jobs? its a fact that it happens thats why international buisnesses are shipping in the cheap labour at the expence of the local workforce, cheap labour means lower wages which means less spent in the local economy which means less manufactoring/retail sales which means a local economic depression - This has no benefit to the more "advanced" countries. it only benefits international buisness. Or maybe you found the fact that its only the "big three" that put in much more cash than they take out funny, they are paying for the other countries?
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