Europe in chaos...never!!

[Jimbuna]

Euro will sort themselves out...

[STEED]

Are the G8..

Great food
Great Drink
Great seats
Great time
Great chat
Great round of slapping each other on the backs, didn't we do well

Answer: Kick the can down the road...Solved nothing.

Lets do this again soon at the next G meeting.

[Skybird]

Heads on speers, put on display in every town's market place.

Medieval clergy and selfish aristocracy of past centuries could take lessons from corrupt and incompetent Europe today.

The dogma of eternal growth is what has sealed our doom. Sustainability should have been the key criterion deciding everything else. What we choosed for, was craving for more instead.

We are where we deserve to be. I see no longtermed rescue for us. Only collapse, and an evolutional dead end, because I do not think we will see a sudden jump in our ethical evolution. There is a 50.000 year gap between our softwar and our hardware.

P.S. Sorry, but somoebody had to lift the mood again, I think.

[STEED]

***8216;Serious possibility***8217; Cyprus may need EU bailout

http://english.alarabiya.net/article...05/218792.html

Spain's Bailout Refusal Is 'Kamikaze Politics'

http://www.spiegel.de/international/...-a-837318.html

Madrid hopes to get around bailout conditions with direct aid to its banks

Why? Banks are all the same..Another word for rough file ending in s.

[TarJak]

You could always buy into Australia's 4.3% GDP growth. http://www.smh.com.au/business/consu...606-1zwqt.html

Oh wait... you're all broke.

Not that I'm too keen on how our economy will be effected by the mess your mob are making over there.

[STEED]

Originally Posted by TarJak

You could always buy into Australia's 4.3% GDP growth. http://www.smh.com.au/business/consu...606-1zwqt.html

Oh wait... you're all broke.

Not that I'm too keen on how our economy will be effected by the mess your mob are making over there.

Your be alright if you side with China to take over the world.

[TarJak]

Originally Posted by STEED

Your be alright if you side with China to take over the world.

No doubt about that. However their domination is based on a house of cards. They released some more stimulus http://www.smh.com.au/business/china...530-1zjg8.html

The first round from 2009 has run out and they are printing more money to fuel their growth. The whole mess will fall in time.

I'm preparing for when they decide they can't pay for the raw materials and come get them by force. I've got my loincloth and a spade so I'm ready for slave labour in "their" mines in Western Australia.

[JU_88]

Originally Posted by STEED

Are the G8..

Great food
Great Drink
Great seats
Great time
Great chat
Great round of slapping each other on the backs, didn't we do well

Answer: Kick the can down the road...Solved nothing.

Lets do this again soon at the next G meeting.

Yup thats pretty much sums it up.
the sad part is that they are trying to untangle a mess, that they could have actually have avoided all together - had they tried to untangle it 10 years ago!
Our global economy is like a sophisticated peice of machinary that is held together with glue and operated by chimps.

[Rockstar]

[STEED]

Originally Posted by TarJak

The first round from 2009 has run out and they are printing more money to fuel their growth. The whole mess will fall in time.

China is part of the 3rd currency war that is going on now with America & Europe since 2010. There is talk the best thing we all can do is dump paper money which are governments don't want us to do for the return to the gold & silver standard.

[JU_88]

Originally Posted by STEED

China is part of the 3rd currency war that is going on now with America & Europe since 2010. There is talk the best thing we all can do is dump paper money which are governments don't want us to do for the return to the gold & silver standard.

Yes, and it does rather look like will try to push for an independant world central bank (like the frederal reserve on steriods), and if not a global currency, there will certainly be a new world reserve currency at the very least. It will be the biggest and probably the ugliest transfer of wealth in history. Cant say im looking forward to it

[TLAM Strike]

If the EU turned its governance over to Cetaceans they would no doubt be in far less trouble than they are in now.

[Skybird]

Originally Posted by STEED

China is part of the 3rd currency war that is going on now with America & Europe since 2010. There is talk the best thing we all can do is dump paper money which are governments don't want us to do for the return to the gold & silver standard.

Both Germany and the US have had times in the past 100 years when the state enforced people to transfer private wealth to the state by declaring it illegal and crminal by the law to own gold. Police raided homes and searched for illegally owned gold "treasures".

When they want your wealth, they will find ways to get it. Wanted high inflation, high cold progression, devaluing, taxes, or simply laws ruling something. As long as you are not willing to declare civil war and starting to shoot at the other side while plenty and pleny of buddies are by your side, you always sit at the shorter end.

It's not as if the maths of redistrubuting wealth and shifting it from the many poor to the few rich and then to the bailout of the riches' institutions, is unknown. The math has been repeatedly demonstrated, the statistics speak a clear language. But many people do not believe it for ideological, political reasons, or they do ignore it because if they would not, they would need to draw consequences that bring them into conflict with their life plan of how to invest into a home, raising a family and enjoy watching the grandchildren playing in the garden. The Greek street battles we have seen short while ago, indicated how fast the relative peace can turn into violence. And what we have seen so far - was nothing compared to what is still to come: in most of Europe.

Always spending more than one earns. Always assuming there is unlimited resources of everything. Always assuming there could be unlimited growth, and no need for thinking in terms of sustainability instead. All this is the eternal cancer haunting mankind , a cancer that sooner or later seems to destroy every human civilisation there ever emerges, always. In the past, when civilisations fell, they were regional only, and when they fell, somewhere else somebody pick up the ball and continued to play. But today, economically and regarding the use of resources, there is only one civilisaiton, and it is global. If this one breaks apart, then there will be nothing left to start again.

But what do I hear from these people? "Growth! Spending Frenzy...! Consume more, and faster!"

We still have not heared the shot.

[JU_88]

Originally Posted by Skybird

there is only one civilisaiton, and it is global. If this one breaks apart, then there will be nothing left to start again.

If that turn out to be the case -and if history is anything to go by, then next part of the cycle is WOOORRR!!
Then there REALLY will be nothing left to start again, lets hope we are both wrong on that one.

[Oberon]

Originally Posted by STEED

http://english.alarabiya.net/article...05/218792.html

I'm sure Turkey will be only too happy to 'bail them out'...