Comments on: Europe’s high-risk gamble

By: harb123

harb123 — Sat, 08 Oct 2011 03:56:21 +0000

Turkey and other Black sea countries might just march west.
Along with Chinese money, The Ottoman empire could reappear, but this time without the Kaisers assistance.
Turkey w/o the arabs, but with new trade routes could be something to be reckoned with.

The old dutch, british, French, Spanish colonies can
reappear in a different fashion in middle & western europe.

Will they haul the nobility back to Manchuria this time; probably not.

By: mward1921

mward1921 — Thu, 29 Sep 2011 02:47:04 +0000

Is this the same rule used for GM and Chrystler… Dogs barking.. Hungry children… Walk away from commitment.. No that is Congress I think… Can you do your job…

By: gotham1883

gotham1883 — Thu, 29 Sep 2011 02:30:25 +0000

So,how much money do they print. 100 billion, 500 billion, heck lets print enough so Greece will never have a problem with money again. Let’s print ten trillion for the Greeks. Make them all wealthy so no one has to worry again. Oh, wait, what about the Italians, What the heck, print 30 trillion for them. And the Spanish, 35 trillion for them. They’ll be rolling in the dough. Heck, they can just buy Germany with all that money. Anybody else see how ridiculous this all is. I hope so because the people who are running the world banks are a bunch of crooks who specialize in legal counterfeiting. Let’s lock up all the criminals in the IMF and World Bank. The world will not collapse. It was fine before the world bank and IMF criminals took over. It will be better off when they are all in prison.

By: contrarymary

contrarymary — Thu, 29 Sep 2011 01:49:09 +0000

Response to Lambick: Greece’s “corrupt and inefficient economy” sounds just a little like our own tenuous situation, Congress just having approved only enough of a budget to keep our government running to mid-November.
To tk2: Greece doesn’t have three years, it’s insolvent–bankrupt–dead weight.
To tmc: “Letting the cat out of the bag?” The cat got out and ran away–why Wall Street has been tanking–investors are liquidating assets in anticipation of losses and more defaults.
To nukerdoggie: You almost got it right. What Europe is doing is piling more debt (loans) onto a country that can’t pay off the debt (loans) it currently has. Which is why the Greeks are protesting, as well as burning their new tax bills. Basically the Europeans are telling them to go to work just to pay taxes. And this is the real reason Greece will default: Because the Greeks refuse to do this, and because they can’t.
What Feldstein hints at is that a Greek default will cause other Eurozone countries to default. And when this happens, the US will be impacted, because our economies are connected with the larger countries of Italy and Spain (Ireland is also at risk) with more exposure to their bad loans–again why investors have begun cashing out.
Thus the only issue really is–How fast can all this happen? By next year, 2012, we’ll know. Is this what the Mayans meant by the end of the world’s status quo? Maybe. And Obama will NOT be re-elected, regardless.

By: contrarymary

contrarymary — Thu, 29 Sep 2011 01:48:57 +0000

By: gsot

gsot — Wed, 28 Sep 2011 23:05:52 +0000

Crude nationalism has no place in the club of civilised nations Ocala..

By: gsot

gsot — Wed, 28 Sep 2011 22:34:15 +0000

Greece has become the whipping boy of the world financial system. No one is wondering how come such a small economy is capable of bringing the whole system down. At the same time the Chinese the Russians etc are lecturing us on how to run our economies. We better forget about Greece and try to bring capitalism to its senses instead.

By: Lambick

Lambick — Wed, 28 Sep 2011 10:18:04 +0000

It’s probably right to conclude that ‘Greece is being shoved into … depression’. But what alternative is there? At the moment they (the Greek) are getting help under certain conditions, and they can cut themelves loose from this forced austerity (a much needed restructuring of a corrupt and inefficient economy is a better description) by defaulting and stepping out of the Euro. They then have a penniless government to whom, please don’t doubt it, nobody is going to lend anything. EU-led poverty will seem like heaven.

By: johncscott

johncscott — Wed, 28 Sep 2011 03:48:17 +0000

Welcome robots to our story,you even have to spell your name rewritten in the avoidance to obtain credential.
Do I really think you have the answers and who and how are they used is the question that the parliamentarians now refuse for the bond markets and gdp.
Like you have an answer beyond the obvious that semingly becomes revealed according to the finest structure of litirature that your privilages and laws allow without the concensus of the past we are nothing as there was none you have sucedded the mighty state in all it’s antipcations and now are your only solutions.But you refuse and the argument in the coffe shop continues when you are drowning.
It’s much better that there is central monetary control and always has been right.
I would never put an argument as there are none in gravity.
You can try too,but not for long.

By: tk2

tk2 — Wed, 28 Sep 2011 02:18:06 +0000

There is, of course, another way: to kick the “markets” ass. No country should care about what “markets” (i.e. the guys around the NY Fed) think. Print euros and if necessary, send banks to bankruptcy if debt is in dollars or nationalize if in euros. Let Greece live, finance them with freshly printed euros until they put their fiscal position in order and then (after some 3 years) decide whether to restructure debt or not. Simple and easy. The whole hysteria is largely blown out of proportions by those who are bound to loose from such a solution – Wall Street banks mostly.