Comments on: Don’t leave Plan B too late http://blogs.reuters.com/hugo-dixon/2011/11/28/time-to-ready-euro-zone-plan-b/ Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: brnwtrs7 http://blogs.reuters.com/hugo-dixon/2011/11/28/time-to-ready-euro-zone-plan-b/comment-page-1/#comment-65 Mon, 05 Dec 2011 21:41:01 +0000 http://blogs.reuters.com/hugo-dixon/?p=175#comment-65 @ DanielCrickett
You know? The only candidate for US presidency that I have heard talk of doing away with the Federal Reserve and the banking system of central banks is Ron Paul. That said (@theantibush), vote Ron Paul!

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By: theantibush http://blogs.reuters.com/hugo-dixon/2011/11/28/time-to-ready-euro-zone-plan-b/comment-page-1/#comment-58 Sun, 04 Dec 2011 14:55:29 +0000 http://blogs.reuters.com/hugo-dixon/?p=175#comment-58 “That said,..”

‘That said’ is the new ‘At the end of the day’.

Source: Fast food writing academy

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By: JustLogicNSense http://blogs.reuters.com/hugo-dixon/2011/11/28/time-to-ready-euro-zone-plan-b/comment-page-1/#comment-57 Wed, 30 Nov 2011 20:05:19 +0000 http://blogs.reuters.com/hugo-dixon/?p=175#comment-57 The people who want the ECB to print all the money to buy these worthless Eurobonds, are the same people who were praising Alan Greenspan as he was inflating the housing bubble with low interest rates (easy money, printing money, however you want to call it ).
How is it possible that such people still have a say???

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By: multilis http://blogs.reuters.com/hugo-dixon/2011/11/28/time-to-ready-euro-zone-plan-b/comment-page-1/#comment-56 Tue, 29 Nov 2011 20:12:14 +0000 http://blogs.reuters.com/hugo-dixon/?p=175#comment-56 If all you do is boost investor confidence and keep the imbalances and deficits, all you do is make the collapse of the ponzi scheme even worse and more crazy the possible revolutions and bloodshed.

French revolution, russian revolution, nazi germany were all partially triggered by out of control deficits and imbalances.

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By: multilis http://blogs.reuters.com/hugo-dixon/2011/11/28/time-to-ready-euro-zone-plan-b/comment-page-1/#comment-55 Tue, 29 Nov 2011 20:10:19 +0000 http://blogs.reuters.com/hugo-dixon/?p=175#comment-55 Goverments should not buy bad debt from investors, including other government debt.

One example is argentina when crippled with debt, they made investors take a hair cut, they depreciated their currency, and got back on feet.

Basically to balance things out, everyone in country takes a wage cut when unemployment is high, those in china get a pay raise, and trade should be balanced out, with similar amounts of goods going to china from somewheres, eg sell them food and luxury goods.

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By: multilis http://blogs.reuters.com/hugo-dixon/2011/11/28/time-to-ready-euro-zone-plan-b/comment-page-1/#comment-54 Tue, 29 Nov 2011 20:05:53 +0000 http://blogs.reuters.com/hugo-dixon/?p=175#comment-54 Imagine a ponzi scheme where it was important to keep “investor confidence” to keep it a success.

Or a Mortgage where every year the people owning house borrow more money rather than pay anything back on bank loan… and the bank can’t really foreclose on the house, because the people living in it control the police, courts and military.

*That* is what much of western world is like right now, solution is *not* to keep investor confidence if that means just racking up more debt.

A solution has to solve the going in debt problem. Europe has to be able to deal with trade imbalance, similar story with US, etc.

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By: DaudM http://blogs.reuters.com/hugo-dixon/2011/11/28/time-to-ready-euro-zone-plan-b/comment-page-1/#comment-53 Tue, 29 Nov 2011 17:43:23 +0000 http://blogs.reuters.com/hugo-dixon/?p=175#comment-53 TheUSofA, your remarks ring oh so true but help me understand what the alternative is. How do we in the US and the EU get out of this mess without burdening the general public with either these financial carpetbaggers bad dept leaving them with their profits or sinking ourselves with those who made the risky bets when they are forced to absorb their losses? As bad as Lehman Was this could be a thousand times worse.

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By: DanielCrickett http://blogs.reuters.com/hugo-dixon/2011/11/28/time-to-ready-euro-zone-plan-b/comment-page-1/#comment-52 Tue, 29 Nov 2011 08:05:14 +0000 http://blogs.reuters.com/hugo-dixon/?p=175#comment-52 -TheUSofA- Man, you hit it right on the head! What an awesome commentary you made. My god, I couldn’t have written it better myself. That so sums it up perfectly!!! Yes, today here in the U.S., Europe, and much of the world, we live in crony capitalist-fascist system dominated by a wealthy few, also known as the plutocracy. Consisting of a group of very weatlhy, very powerful families who lord their financial wealth to control politicians, central banks, and nations to do their bidding. Their central banking system they have arranged drains the wealth from the nations and peoples across the world. This central banking system will cause the economic collapse of the world, it is simply inevitable.

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By: TheUSofA http://blogs.reuters.com/hugo-dixon/2011/11/28/time-to-ready-euro-zone-plan-b/comment-page-1/#comment-51 Tue, 29 Nov 2011 04:53:05 +0000 http://blogs.reuters.com/hugo-dixon/?p=175#comment-51 “If those who made the bets for their own private gain aren’t forced to absorb the risk, then we don’t live in either capitalism or democracy; we live in a financial-fascist tyranny.”

Germany is being asked to go against it’s own long-term interests so this party/sham can be kept going. Just a little while longer for the banks to loot whatever is left and then leave the public holding the bag.

The politicians will try to transfer the cost of bailing out Europe’s banks to Germany.

Those who made the risky bets have diverted the risk to others: taxpayers or the general public who holds currency. The gains from the bets are private, and theirs to keep, but all the losses are distributed to the public via government bailouts or money-printing. The first shifts the losses to the taxpayer, and the second shifts the losses to everyone holding the currency being devalued.

Not only has the risk been palmed off onto unsuspecting chumps, the returns have been concentrated into the few hands that control the big bets. This is the ideal setup for the stupendous gains and zero risk that characterize crony-capitalism: make the big bets with leverage and borrowed money, and skim the vast profits. Then when the bets sour, demand a bailout from the Central State, the ECB, the Fed, etc., which promptly socializes the losses and distributes them over the entire populace of taxpayers or holders of currency.

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By: rlindsl http://blogs.reuters.com/hugo-dixon/2011/11/28/time-to-ready-euro-zone-plan-b/comment-page-1/#comment-50 Mon, 28 Nov 2011 19:51:16 +0000 http://blogs.reuters.com/hugo-dixon/?p=175#comment-50 Germany enjoyed the benefits of a relatively devalued currency. Here is the bill. Pay it or we are cutting up the Euro-card.

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