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How long can this continue?.. SERIOUSLY!?
My wife said the very same thing last nigh when I was doing her doggy style!
As it turned out: 9 minutes and 43 seconds
I can beat that time...with your wife.
This ponzi monster mey be killed only with silver bullet.
Tick tock went the clock. Soon the hour of the awaking will come.
What a sucess, according to Yahoo! Finance it was a well received auction and has eased fears. Another day in retard world and wouldn't you know the Yahoo! pump piece doesn't metion the ECB backstop and we all know without the ECB these auctions would have been a swirly in the toilet. The lies and games continue.
Sucess my ass.
Exactly...the MSM propaganda spin machine is billing this as a success, but not a one of them has mentioned that their borrowing costs have increased by 18% and 31% for the series auctioned off.
From'Paycheck To PayCheck',Then 'Ashes To Ashes' And Finally 'Bust To Bust'.
One just has to wonder how much of the auction was purchased by the ECB. Could be 90%. I just can't imagine investors rubbing their hands together in anticipation of snapping up some swell Irish soverign debt. What a joke the world has become.
Yeah and 72% of the greek auction went to foreigners
This is getting ridiculous. I mean really how worthless can paper currency get? How long before someone jams these central bank printing presses. Unfortunately it almost makes sense to buy the short terms since they will try to carry this mess to infinity. I mean it doesn't seem like anyone but the ECB is buying them now so as long as they can buy their own debt, and no one is driving the Euro down this can go on forever.
The FIAT currency game can go on forever provided sheeple still accept it as a form of payment for goods and services. The trick is in how many of these FIAT notes it cost for _XYZ_ services/goods. Is it $500 or $5,000,000,000,000 Zimbabwe dollars?
As a point of refeence:A million seconds is about 11.5 daysA billion seconds is about 32 years.A trillion seconds, 32,000 years ago, our ancestors were fighting over caves, without domesticated plants or animals. We'd mastered fire, but bugger all else.
ECB creating money out thin air without conditions.
The ECB is emulating the Fed and bond purchases are nothing but state sponsored welfare. Now all western democracies have succumbed to the democratic paradox of spending ourselves into oblivion. All the while the Japanese the uber super savers have run their country on their population's savings and now that that is not working, facing the prospect of its arch enemy becoming a lender. The uber strategic Chinese are probing US strategic weaknesses for that one time they need to strike. And when they do, we won't know what hit us and it will be over before we even know it started. The more we support the democratic paradox the more our enemies love us.
>The uber strategic Chinese
Economic calculation depends on participants acting in a free market. I guess I don't see why it's "strategic" to interfere with people's private property rights, profit and loss signals, price structure, and structure of production.
I guess if you're a socailist/mercantilist/fascist whose goal is to abuse and impoverish your countrymen, then it would be "uber strategic".
>The more we support the democratic paradox the more our enemies love us.
Yeah, but the Chinese people aren't your enemy. They are your allies in increasing prosperity through the increased division of labor. Maybe you were refering only to psycopath politicans?
Its a great idea borrow at 6.02% and call it a success as it is a bigger number than borrowing at 5% from the EFSF or 3% from the IMF and bigger is better right?
Ireland supposedly has a few months of funding in its pocket, so a failed auction wouldn't bring down the curtain immediately anyway.
It will last as long as I can use my credit card to buy food and shelter.
Not that I do, but that is the same concept on a national-level scale.
Most larger apartment complexes accept credit cards for rent payments.
Pretty soon the credit limit will be reached -- "Declined"
As long as people believe in the great delusion, it will continue. How long that may be is anyone's guess. There is only so much believable money that can be printed before loss in repectability comes. That will be the date of failure.
welcome to the american way of living 'ptp' paycheck to paycheck
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