Geoff Kilpatrick Posted March 2, 2012 Share Posted March 2, 2012 Seems like Greece is in administration with Merkel & the EU as the administrators but with their own gains to be made rather than help Greece. On a side note. A wee while ago i saw that France were having a whinge about us because there AAA credit status which is in danger of being lowered. They were saying that how come the UK with its bigger deficit isnt in danger (Think it maybe now) of losing its rating. Done a look around. Apparently whats keeping our heads above the water are our strong bonds. What are these bonds? The French whinges were misplaced for two reasons. 1. The French don't print their own currency. This increases the risk of default (a sovereign currency can never technically go bankrupt - it will pay bits of paper that are worth less and less) 2. The French banks PIIGS exposure. That is who is truly getting bailed out. Link to comment Share on other sites More sharing options...
Charlie-Brown Posted March 2, 2012 Share Posted March 2, 2012 the whole 'capitalist' world has moved in the direction of centrally planned economies - particularly when those most vital of commodities MONEY & CREDIT are concerned. Vladimir Lenin Ben Bernanke "the best way to destroy the capitalist system is to debauch the currency" Vladimir Ilyich Lenin Link to comment Share on other sites More sharing options...
jamb0_1874 Posted March 2, 2012 Share Posted March 2, 2012 It looks like it wont be long until Italys problems come to the fore once more. Bankers are warning that more than ?1trn of cheap loans from the European Central Bank may not be enough to prevent an Italian liquidity crisis later this year, with foreign investors ? once a major provider of credit to Rome ? still reluctant to buy the country?s debt. http://www.ifre.com/...1003518.article Link to comment Share on other sites More sharing options...
Broomie Hearts Posted March 2, 2012 Share Posted March 2, 2012 On a side note,What are these bonds? from wikipedia i know but, http://en.wikipedia.org/wiki/Government_bond basically its a loan people give to their government. i checked this after seeing an interview by one of the rothschilds on youtube, he says he sold all his banking interests in 2006(handily enough) and bought government bonds instead. Link to comment Share on other sites More sharing options...
Charlie-Brown Posted March 3, 2012 Share Posted March 3, 2012 The Greeks blame the Germans as the austerity demands imposed by the bailouts are similar to the harsh reparations the victorius allies imposed on the defeated Germans with the Versaille Treaty after the First World War - eventually after economic ruin, hyper-inflation, political turmoil and the rise of extremism the Germans rebelled and simply refused to pay anymore and took control of their own affairs. It's only a matter of time until a Greek Politician rises to power on the promise of throwing off the shackles of austerity imposed by Foreigners. Link to comment Share on other sites More sharing options...
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