Originally Posted by BIGTYMER (Post 18538773)

I agree it could happen. The EU is crumbling.

Originally Posted by Frank21 (Post 18539012)

Also since the EURO is creating money out of thin air despite all the lies that the EURO would NOT create money out of this air will result in a lower EURO.

Originally Posted by AnalProbe (Post 18538923)

To answer this question, you first have to know a few things...

Originally Posted by seeandsee (Post 18538748)

Hey Europe webmasters,

i think it will go around 1eur : 1.17usd or less in next 12 months,

fucking EU is holding weak and it will burst next year... Greek now and then later next year Italy for bigger crash, some other countries will jump in train soon too...

So my proposition is to save your USD stack on safe, and exchange them later...:thumbsup

Originally Posted by KlenTelaris (Post 18538770)

It wont happen.

Originally Posted by UKVixens (Post 18539648)

"Now compare this to England where the GDP is $2.7 trillion as external debt is $8.9 trillion. Meaning, their external debt is 400% of what the the country grosses as a whole as 1/3 of tax revenues, pay only the interest on the debt as they borrow more principle totally $8.9 trillion."

I can confirm that you are talking a complete and utter crock of shit here, not only with your ignorance of basic geography but your numbers are complete fantasy. UK national debt is something, ball park, $1.5 trillion NOT $8.9 !!!! WTF

Originally Posted by AnalProbe (Post 18539664)

I posted 3 links in this thread (look it up), 1 of them was a list of external debts of all countries :

http://en.wikipedia.org/wiki/List_of..._external_debt

Which shows that the UK indeed has $8.9 trillion ext debt, but...

You need to know the balance between ext debt and ext assets... so that's why I posted the following link first :

http://en.wikipedia.org/wiki/Net_int...tment_position

Originally Posted by AnalProbe (Post 18539142)

Try these :

http://en.wikipedia.org/wiki/Net_int...tment_position

http://en.wikipedia.org/wiki/List_of..._external_debt

http://en.wikipedia.org/wiki/List_of...by_public_debt

Originally Posted by Jesus H Christ (Post 18539678)

And the Euro Zone doesn't have obligations?

Originally Posted by Markul (Post 18538998)

LOL EU will not crumble, neither will the US.

Originally Posted by Jesus H Christ (Post 18539699)

They had a total financial collapse in 1998. They bounced back rather quickly and a prime example that's it more then possible for the rest of the western world to follow suit and correct itself.

The true problem is we'll have to crash because one, we're already too far gone. Two, the people who control the capital will NEVER admit a defeat or total loss until it's all gone. They are such megalomaniacs and sociopaths they are still in denial about where our finances are now.

Anyway, Russia could easily be the next financial powerhouse, but never will. The true problem with Russia is they just can't shake their corruption. It's sad because they have some of the smartest financial people in the world. What Russia truly needs it to clean house and release it's authority to the politicians and judges.

Also, if there is a country that ever needed a second Amendment, it's Russia. In short, let them go around shooting each other before they figure out it's more profitable to work together due to the money circulation always creates more wealth rather then trying to always be the king of the serfs mentality.

Originally Posted by Jesus H Christ (Post 18539699)

They had a total financial collapse in 1998. They bounced back rather quickly and a prime example that's it more then possible for the rest of the western world to follow suit and correct itself.

Originally Posted by grumpy (Post 18540118)

oil states are dropping the dollar. Us economy is on the edge collapsing. Dollar and Euro will both drop.

Originally Posted by Jesus H Christ (Post 18539610)

I highly doubt the Euro will have any significant value within the next few years. As one country, the US by volume has more external debt, but if you combined the Euro zones as one country, their external debt per-capita is much much higher.

The US GDP is $14 trillion as our external debt is the same. Now compare this to England where the GDP is $2.7 trillion as external debt is $8.9 trillion. Meaning, their external debt is 400% of what the the country grosses as a whole as 1/3 of tax revenues, pay only the interest on the debt as they borrow more principle totally $8.9 trillion.

There are much worse countries like Ireland. Here's a simple example/scenario for all to understand, your average Irish citizen earns $36k yearly. Let's say they were also given a national credit card issued by the government. Their cards as of now, would have an outstanding balance of -$566,000. After paying the basic necessities like room/board, the rest of the income must pay down on the minimum interest owed, without ever having enough to pay/reduce the original debt.

Finally, the ECB is not the Fed Reserve and can't simply print more money without all members agreeing, as we're seeing countries like Finland demanding collateral, as Greece refuses, but needs more money so the country can actually function. In short, they're union is not like our US Congress and takes time for all of them to agree on something.

Although, they'll want/need to devalue the Euro so inflation eats some of the debt, they can't because the EU members voted a type of Weimar republic clause for the Euro.

Currently it's turning into a circus and typical Europeans who refuse to take responsibility for themselves and only focus on the other guys problems to hide theirs. It won't be long before countries with the most debt start dropping from the EU zone causing financial collapse as the remaining members cannibalize their resources to subsidize their own debts.

The Americans know this too as we've manipulate our own markets to make everything appear all is okay, when in truth, our dollar is collapsing because the Fed Reserve refused to let banks fail and let the markets correct themselves like a true capitalistic society.

Don't believe me? - When have you seen the dollar and gold devalue at the same time?

What does all this mean? - Get your money out of banks/markets because eventually they have to fail to correct themselves or we'll be bartering for goods and services because currencies will be worthless.

Originally Posted by Thomas007 (Post 18541593)

I would prefer they let it all crash so we can get a started on cleaning up.
Right now nobody want's to be responsible for anything, and end up being responsible anyway because they don't do anything or let that drop they can't hold so we can start cleaning up.