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"Soft" or "Hard", a reaming is a reaming........er..........sorry.
A default is a default.
You and I both know that the word "default" (similar to laws) only have meaning when in regards to the common folk.
And reaming.....tax payers are all too familiar.
Tyler, can you report that there will be almost $500 Billion in
Securities maturing at the end of Aug that need to be Flipped
The issue is clear. We have lost 7 million jobs and the Govt tax collection is and will remain far below spending. The media heads continue to front the super rich and claim we can't raise taxes and we need to recreate the historical American can do spirit. BS...America workers are largely competing with most Chinese workers who make $200 per MONTH (not day), work for piece rate, live in dorms, do not have cable, iphones, twitters, face book, food stamps, medical care, labor or environmental laws and financial aid. Talk about a competitive advantage. Lets face facts and borrow until it explodes in few years. If The Republicans cut a large amount of spending, the economy will collapse and will never hold power again. Let's borrow, spend and borrow like there is no tomorrow, because there isn't.
The truth is here:
Farage tells it like it is.
His teeth even fall off at 3:31.
I like to refer to Nigel as the Ron Paul of Europe.
Thanks for the link, I love this guy!
A drachma is a uhm... well... drachmae.
default –verb (used without object)
You can fuck a woman hard or soft. But pregnant is pregnant.
All the countries are all preggers. Keynes spread his seed far and wide.
William your best yet ... I still can't stop laughing - although I have this very disturbing image in my head now................
only 56 million junks??? ...the Irish, Icelandic, Finish, Dutch and Czech people haven't heard of Von Reartoys twitter page yet!
"Our agenda is the financial stability of the Euro area as a whole---"; they better bring sandwiches and sleeping bags, going to be a long meeting.
Looks like I got junked by Rompy
Soft Default = Hard Ramming of Greek citizens.
A test run would be nice. See what the Euro does.
I am not sure how you soft default on a money market though, without triggering armageddon. Maybe Bernanke can bail them out with dollars.
Market goes up? Primary dealers become flush with cash. Makret goes down? Primary dealers make more cash. You and me? Well......go fuck yourself.
"My Big Mac, why is it $10.00 now?" Is all the sheeple will say.
21st July is also the national holiday of Belgium: the stock market is closed on this day in Belgium...
Do they have a government yet? Did the sky fall without a government? I like their government model.
No government in Belgium yet...
Which proves one thing: it's a pseudo democracy, there is no need for a 'belgian govt', they have the EU govt to take all decisions that matter, without democracy.
Time for a double-header I say: A Greek default AND NO raise of the US debt ceiling! The pundits won't know who to blame!
Gold 1600 calls are on fire......see you there any day now....and above.
Agreed but...they will pull back a little with the "crash"! That's when you back up the truck!
The EU states (= taxpayers) will back up the losses of all institutional losers, whether soft or hard default, you can count on that.
Can't wait to hear Nigel Farage comment.
I was thinking exactly the same thing - I love how Farage says his name, "Misssstah Von ROMPOY..."
out of 1,000 British and Euro MP's we have 1 (one) that has a brain bigger than a peanut not pickled in socialist doctrine ...it's a bit embarrasing don't you think?
Cracks are beginning to appear. The CDS attack on Italy was the final blow.
€ EURO : BOMBS AWAY!!!
yeah.... let's buy dollars....
And let's all hope that the Tea Party Republicans don't fold like the regular Republicans normally do. The entire debt ceiling issue needs to be voted down. Raising the debt ceiling gives Obama a blank check he will have the entire 2.4 trillion spent in two weeks on garbage. Raising the debt ceiling the past 80 times hasn't work, what makes these morons think 81 times will?
The madness has to stop here!! Now! Today!
Get real. They'll have a conference call with Jamie this weekend and he'll tell them they can play their game for a few more days, but the ceiling will be raised, there will be a cursory agreement to reduce spending in the future and things will carry on like never before. It's inflate or die, and that applies to the US, China and Europe.
If we've learnt one thing, it's that the bankers always get what they want.
But it will be a "Soft as Charmin" crash won't it? And just as messy...
Who is Von Rompuy?
let me guess before i see the Vid: a Marxist-Communist ...back in a mo
Update: it wasn't a CV of the non-event that is Van Rompuy but another Farrage monologue (enjoyable nevertheless). I'd guess VR has the same Commie background as his side-kick Burruso yes?
"Our agenda will be the financial stability of the Euro area as a whole and the future financing of the Greek programme." May I make a suggestion that will aid the stability of the Euro?
1.) Kick out the PIIGS
2.) Get Switzerland to join the EU.
Switzerland stopped giving a shit about Europe centuries ago.
Yes. And why would they want to join?
They Won't! All that foreign money would be gone in a sec!
nor could they as by constitution Switzerland has banned itself from joining any international organisation (such as the EU etc)
Constitution? It's just a goddamned piece of paper.
Our agenda will be the financial stability of the Euro
Why not be ambitious and go for an agenda that includes the resurrection of Mussolini, Stalin, and Jimmy Hoffa?
That's on next week.
Kind of like being partly pregnant.
Now that the banks have passed the stress test the EU believes it can withstand a Greek default.
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