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Holland: "An Economy On The Brink"
Infamous for little boys plugging holes with their fingers and grown-ups plugging their mouth with their foot (D-Boom), it seems Holland, Berlin's most important ally in the goal of greater fiscal discipline in Europe, has fallen into an economic crisis itself. As Spiegel reports, the once exemplary economy is suffering from huge debts and a burst real estate bubble, which has stalled growth and endangered jobs.
The statistics make for some worrisome reading: no nation in the euro zone is as deeply in debt as the Netherlands, where banks have a total of about €650 billion in mortgage loans on their books; consumer debt amounts to about 250% of available income - by comparison, in 2011 even the Spaniards only reached a debt ratio of 125%; unemployment is on the rise; consumption is down; and growth has come to a standstill.
The trouble for Holland is that despite their proclamations of the need for Fiscal conservatism, even EUR46 billion in austerity measures are apparently not enough to keep the nation's deficit within the EU debt limit. The Dutch were long among Europe's most diligent savers, and in the crisis many are holding onto their money even more tightly, which is also toxic to the economy, as "one of the main problems is declining consumption."
The nationalization on SNS in February brought this reality home and as Spiegel reports, "there is no end to the crisis in sight."
Source: Spiegel
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Note to Holland - deport the Muslims.
Note to Holland - open the borders
note to Holland - credit money loaned into existence with interest attached will end badly. Deal with that before you worry about immigration/deportation/ANYTHING ELSE.
Dump the euro. Send a thank you note to Swinehella Merdekel that reads "ROT OP KANKER ROTMOF". Reinstate gulden. Rocket to prosperity.
Note to the Dutch people. Attack and destroy Switzerland.
With a variation on the molotov cocktail?
The Dutch like a diesel-BOOM.
Just don't add soap, or it might stick like napalm (there, said it!)...
The Dutch are very tall. That makes them smart. They will figure it out.
Yes, they can see further into the future than the rest of us - and since no one understands what they say, they can warn each other ahead of harm. Damn them, I think I'll trip them up, next time I see one of them, just for the lulz...
oh yesh.. how about a nish shmokes..
http://www.youtube.com/watch?NR=1&v=IGcwEs-jL8Y&feature=endscreen
Hope Dutch depositors have been paying attention to Cyprus. Bankster/Government thievery of Depositor's Assets might become a pan-european epidemic.
How do it know?
World’s 50 Safest Banks: April 2013
Safest Banks In Western Europe: April 2013
It's not bad here, I'm tellin ya, it's really not that bad.
It's more important, from a Dutch viewpoint, to find out whose fault it is rather than fix the problem.
I recall a Dutch girl when I was younger. She was probably about 6 feet tall and gorgeous. There are some fine women in Holland.
So you like women that are built like men?
Are you askin' cuz your lookin' to hook up with Freddie? Lookin' at his mug, not sure who the "winner" would be...
You really don't know too much about Europe in general do you? Holland is lock, stock and barrel married to Germany with the Euro. The two economies are interdependent for decades and the DM and Gulden were both rock solid.
Should listen to the previous guy who made the case for the expansion of credit, money from nothing loaned into existence for interest. The money is not real, the debt is bogus and what Europe as much as North America needs is a real solution to a debt problem.
Wipe out the bankers for starters. Wipe out the debt and start from scratch with a prudent and sound financial system.
so,....should i first borrow eu5MM, purchase a house and wait for
and once the debt is wiped out, i am left with a house?
If you can get your hands on 5 mil, then go and do it. What happens to the house next is up to you.
They just need to print, though I don't think they can, to buy out the mortgage market and refinance on better terms. Money eventually all gets extinguished as the debt is repayed.
So it would be completely ethical for the Greek, Spaniards, Italians, Cypriots, Irish, Portuguese to renege on their bogus debt to the teutonic/franco/anglo banking mafia? I'm sure die Fuhrerin and her vasals would not like that idea, as it would entail Weimar 2.0 on steroids onto the uber alles sheep, as the sucking sound shock of all those euros going back to das vaterland would knock them off their tiny feet.
Absolutely. I'm waiting patiently. Default already. I don't give a shit about German banks or how the Germans get wiped out in the process. Their mistake for investing so much sweat equity and efforts into this shit show. It was never designed properly and cannot work. A single currency, a single central bank and no fiscal pact is a fucking joke. I care about the person more than I care about their "net worth". Even the richest dude puts his pants on one leg at a time. The guys at the top across Europe are too rich. It costs us at the bottom too much to service their wealth. Same as it ever was and it will end the same as it always does.
The national borders are maintained by the political whores to keep us confined within our space. Keep us working where we're at and produce assets and lifestyle for them. The time is long passed for a good round of ass kicking and head chopping in Athens, Rome, Madrid, Lisbon, Paris, Le Hague, Brussels and Berlin. We want to be free, plain and simple.
I recommend you watch Bela Tarr's "Turin Horse" for a better understanding of what the endgame will be/has been.
For those not familiar with European film, here is that scene from 'Turin Horse' ...
A man walks in to buy a bottle of liquor ... says he did not go into town, because the town has been in destroyed
And then goes into a five minute quiet rant ... about how the bad guys win in the world, they own everything ...
And how what you would imagine or hope is the 'opposition' ... in fact gives up and fades away, when they realise that they have no hope, no chance ... because, the man claims, there is no god [this is a pessimistic pro-Nietsche movie]
Cinematically well done, but depressing ... and many of us would disagree, believing that there is a God and heaven, and justice that will come one day ...
But worth a look ... the same kind of gloomy European film tradition as Bergman's great 'The Seventh Seal'
The 'Turin Horse' scene here on YT with English subtitles, and its theme of the
« disappearance of the excellent, the great, the noble ... »
http://www.youtube.com/watch?v=jBnkIVgU00I
I have not seen Turin Horse. Seventh Seal is depressing but Max von Sydow's character is positive and shows there is some good left in mankind.
"A single currency, a single central bank and no fiscal pact is a fucking joke."
It's a fucking joking joke with those things when you have debt backed fractionally reserved fiat system compounding itself to death.
it is because the whole idea was to open up the markets for germany and lock everybody else in hard euro currency so they can not defend agains more efficient german goods.
Noone ever talked about common social security or welfare system across europe. Hell even in germany itself eastern germans are treated as second class and get lower joblessness payouts etc
@walkure...........''The guys at the top across Europe are too rich. It costs us at the bottom too much to service their wealth.''
Best line ever
So a worldwide gold standard would mean a world-government? /S
Working on it:
https://dl.dropboxusercontent.com/u/24940754/PDF_C%26D_foreclosures_17xE...
I don't know about you guys but I remember Hollad famous for its thriving Red Light District. I did read that area is having a 'soft patch' presently until the economy firms up, shall we say?
hookers are all over the world, we have them on display, so what?
I still have some guilders in my coffee can from when I lived there in 2000. they are right next to the 40 DM I still have as well. Will they be good again soon?
Nonsense, there always will be some sucker around to stick with the tab - it's the whole point of it - just make sure you hold on long enough for one to show up, or you're screwed...
Your dead on, dead on. And the funny thing is that I knew that the Netherlands and Holland was in trouble but they where hiding it. Remember when Spain and Italy was hiding it? Soon, very soon the Netherlands will need a bailout.
"consumer debt amounts to about 250% of available income"
There's your bogeyman.
How do you deflate that without creating hyperinflation???
LOL!! You can't!! LOL!!
Keep printing..
"How do you deflate that without creating hyperinflation???"
lots of defaults.
Note to netherlands: stop bailing out PIIGS
Note to Muslims. Open your borders, instead of only taking in guest workers as slaves and shipping them out the instant their slave value declines!
Note to Holland. CLose the borders until the rest of the world opens theirs just like you did and offer the same economic and social benefits to imigrants as you do!
Reverse racism is rampant and insidious. Everyman claims the right to live in Europe and claim the benefits, while their home countries remain anti white strongholds and racist to their very core. Actions speak louder than words, we are aking up to who the world's biggest racists are who hide behind victim status.
Seriously no one even mentions the 700+ billion in Dutch pension money? Seriously?
1100 biljion in savings
Muslims did 9/11.
Muslims did your mother.
Muslims like little boys. They have no desire for womren unless they can beat them up and hide the brusies under burkas.
I guess you speak from experience.
Take your hate and eat it with matzo.
Jews masquerading as Muslims did 9/11. Bush and Cheney helped.
And Christians did Hiroshima and Auschwitz.
And Japanese Buddhists did Nanking.
But who shot J.R.?!?!
sry jews again did...
stop reading bullshit on amazon, might help
cheers
If you are going to the trouble of deporting muslims you may as well take the opportunity and put the bankers on the same boat.
muslims don't like pigs...
Pigs are much nicer than Muslims.
and pigs have better table matters!!
None has ever faulted me on that (piglets, that is) - all patiently waiting their turn to be eaten and done with!
Freddie, how many bombs and drones... moar?
.
He can't count that high. He's the ZH equivalent of the 6th-grade kid that's not quite retarded enough for special education.
You think I support the whole war and war on terror industry? It is total BS. I don't support drones or bombs.
I prefer there were no semetic people in Europe - either side is sh*t. If you think I have any dog in the middle east that I like - I don't. Includes Israel too aka LBJ - the J is for you know what and the USS Liberty. KEnnedys are POS's but JFKL supposedly was going to nuke the Fed.
The only people I admire over there is the Egyptians fighting Obam's Muslim Brotherhood, includes Coptic Christians in Egypt trying to survive, and Syrians. I am no fan of Assad but he is better than O and his pals in Riyad and Tel Aviv trying to grab Syra.
Couldn't say, never ate Muslim yet :( (piglets are a local delish though :) ), but good on you, some sexy looking chicks hidding under those burkas, definitely...
Why ship them whole on a boat when ashes are so much more compact. Milestones
Export cannabis.
Holland did the opposite -- encouraged drug tourists to go away.
Now look what happened.
http://www.youtube.com/watch?v=QJ882QYzr-M
Oh the delicous irony of those clever tall people blew up the Euro.. Please, if there is a god.
The low lands to lay down first. What a surprise.As for
the aliens being disposed off I will not seek to see no pictures.
Give me reasons to survive and cross this new divide.
it was the muslims who invented the central banking ponzi, eh? no, they were the ones who forced the netherlands to join the eu, right?
god, i hate retards.
Deport? Muslims? What do they have to do with the banksters? Apart from that, you can't use the D-word in Europe. Too many old horrors.
I hope this means Amsterdam is getting cheaper.
Looks like everyone is Greece.
Greece is the word...
And soon, collapse will be the word. Then it's war's turn.
AKA the liquidation of unfunded liabilities
Oh, great, another European country we have to worry about. And these guys are historically responsible people (the Dutch).
That is just image. The motto of most Dutch is "with what I can get away with is legal."
It's everybody stealing from everybody here. The perfect socialist state.
As a Belgian citizen... I do not agree with you.
we have a saying:
THE DUTCH ARE GOOD TO TALK
BUT NOT TO WALK WITH
meaning, they can sell you a lot of bullshit and talk talk talk all day but they do shit and are totally incompetent.
We as Belgians are the working kind and hate those talkers when during business hours. If you want things to be done, you call us, if you want to hear 20 guys give excuses why it can't be done... you speak to the dutch.
I work a lot with the dutch... he first few years they won every discussion when I was in a minorty meeting.
Now they fucking hate me because I can make them all leave a meeting crying like babies.
They need 3 times as manny people to do something where we only need 1.
and since we where taken over by a American firm, the Americans noticed that and are firing as many as they can :)
I FUCKING LOVE IT!!!
HIT THE ROAD JACK!! AND DON'T YOU COME BACK!!
I even jumped in my car once to wave some of the bastards goodbye when I heard they where getting fired :)
Every time we hear they're firing Dutch people... we just give a little smile to each other :)
That's right, it only took you 541 days to form a government.
And 10 years to split Brussels-Halle-Vilvoorde.
That was because we don't like the French for stealing our money!!
And don't get me started about the Germans or the British.... we hate them to...
You evidently don't hate the French/Dutch/German/British as much as you hate the Congolese.
we already dealth with the congolese... SHOP SHOP BITCHEZ!!
Sick 'em, SD!
BTW, the trappist beer I'm enjoying this very minute is quite yummy. I should be mellow by the time the Champions League games start.
That's about the only thing they get right in Belgium: BEER!
Dude, you're sitting in a glass house. Maybe what you say is true for your company but have you taken road trips through Belgium? Parts of that little country are pretty pathetic and in depression for decades now. If I'm not mistaken, the biggest economic factor to Belgium are NATO and EU offices and bureacracies. Then Dutch and German citizens who own second homes in Belgium. At least you're closer to Paris FWIW.
Woohahaha. The only thing that keeps Belgium afloat is because it is the seat of the EU and NATO. Oh yeah, and perhaps some chocolates and beer. But that is it.
But I will give you that the Dutch are bloated big mouths who think they know everything better. I know because I am one.
Do not underestimate the importance of Vlaamse Frites. Oh, and they do have those metastable allotropes of carbon over at Antwerpen.
The beer & chocolates ain't all that.
I'm Dutch and actually living in Belgium now.
Your complaints are valid. We call it the POLDER MODEL. A lot of talk but no progress,
It's funny because on the other hand the Dutch are notorious for being impatient and too direct when doing business.
Often in foreign cultures it's the custom to do some partying first and do business later.
The Dutch will often try to skip the partying which is quite rude.
It's easier to con someone when they're pissed. We Dutch aren't stupid, we conduct business first and then get pissed.
Sudden Debt
I bow to your superior knowledge, having had to work with 'em...!
Maybe they're not good workers because they're stoned all the time?
.
C'mon, DoChen, don't crack on the stoners. Most do better work (and more of it) than just about any middle- or upper-management. As for those that don't, they end up being promoted to middle management.
:-) we dutch can cry beatifuly, check out Hommen from ing, investing bilions in greece and now they are low on return he cry's every day
Gettin' mighty crowded on the brink.
If you don't mind, I'm going to steal that comment and use it like I came up with it myself.
I've probably done that myself, already. Bitchez.
And unfortunately all it takes from there is just a little shove...
You mean like this? http://evenfallreviews.files.wordpress.com/2007/03/300_cliff.jpg
Wile E Coyote seems to have a lot of company these days.
Socialism does not work.
Neither does fascism, but that ain't gonna stop us from trying.
We should give anarchism a shot.
Even if we don't take a shot at anarchism, it will take a shot at us.
I'm talking about the good anarchism, not the bad one.
Every bad idea started out as a good one.
Neither does cleptocratic corporate fascist capitalism.
Those labels simply describe what happens to free market capitalism when socialism wrecks it.
Holland is one of the least socialist countries in europe,
the difference between Holland and the rest of europe is that about 90% of their economy is boxmoving.
And their margins are in decline for the last 10 years.
They just know jack shit about producing.
And when GLOBAL WARMING KICKS INTO FULL GEAR WE SHALL HAVE OUR VENGANCE!!!!
WHOEHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!
It's "climate change" now, they had to reshuffle again. Back in the 80's we were heading for an ice age. They like to keep us guessing.
I really can't wait until those paid shill pseudo-scientists decide to once again rename it, this time to ANTHROPOMORPHIC INDUCED CORONAL MASS EJECTION.
It will be George Bush's fault.
Been snoozing TeamDepends? :)
The new one is "New Normal Climatic Extremes"
1970s - 1980s: Global Cooling
1990s - 2000s: Global Warming
2000s - 2012: Global Climate Change
2013: New Normal Climatic Extremes
They keep changing the terminology to match the facts..., LOL!
Your tax dollars at work.
and wat does belgium produce? we have names like shell, unilever philips, asml, heineken and nore.
Spend more teven! Don't you have a wise political sage to tell you to go shopping?
About the Dutch spending habbits....
does GO DUTCH says anything to you?!?!?
THE DUTCH ARE GREEDY AS HELL!!!
Wait til these charts represent France...then Europe will be in some deep pate...ESM, EFSF, ECB, doesn't matter what you call it, there will be no contributors but Mssr Draghi who at that point will ignore Germany and pull out the Bernanke Helicopter. Once he starts printing, everyone will calm down again for about 4 years...based on the US, good time to buy banks..
US has debt of $16.75 trillion and unfunded liabilities of $123.3 trillion and they increase at $8.2 trillion a year, Official unemployment is 7.7% but actual is between 14% and 20% (Shadowstats says it is 23%). Holland is much better off than the USA but USA has better statisticians at the Bureau of Labor Statistics.
In modern economics those who can lie better, win.
http://www.shadowstats.com/alternate_data/unemployment-charts
The US has THE reserve currency and enforces the acceptance of their clownbux funny money by the rest of the world at gun point.
That's really all there is to it.
I agree. The $4 to $6 trillion cost of the Iraq and Afghanistan wars will bankrupt USA. Just $732 billion (2011 dollars) spent on Vietnam moved USA off the gold standard on Aug 15, 1971.
It may be good to have a gun but it is too expensive to use it.
Cost of Iraq, Afghanistan wars will keep mounting
Together they'll be the most expensive in U.S. history, costing as much as $6 trillion over time, a new analysis says. Veterans' care will probably be the biggest future expense.http://articles.latimes.com/2013/mar/29/nation/la-na-0329-war-costs-20130329
Maybe nobody is DC heard about Afghanistan being the graveyard of empires.
Fucktards have never read a history book,or forgot it if they did.
Vietnam = L-B-J*w. Yeah his grandmother was. He was also one of the greediest MF'ers ever. See LBJ and USS Liberty.
But the USA has nukes and drones and knows how to use them.
It always comes back to the claim that people aren't spending enough, which is just another way of saying that saving is bad...tsk tsk. That goes right in my bucket of nonesense along with the idea that we can borrow / print our way to prosperity.
OTC Tulip derivatives coming to a florist near you.
While the Dutch are considered part of the northern tier in Europe, the Euro is actually too strong a currency for their country. A valuation of about $1.22 is right for there economy. This is about the same value as in France, so it is not surprising that they are undergoing a similar economic malaise.
Chart here:
http://wp.me/p2y381-C0
Though the Dutch ECB governor is a hawk, I understand...
no, a dumm pussy
This ends well.
RED PILL!! RED PILL!
nice graphic
FYI, "Holland" is not a country, but North and South Holland are two provinces in THE NETHERLANDS...
http://en.wikipedia.org/wiki/Netherlands#Administrative_divisions
Only peasants make a point of this. ;-p
I got lost in Amsterdam once. Then I found a "coffee house" and got REALLY lost- vague memories of the red-light district, etc. Next morning I went to the US Embasy and applied for an emergency replacement for my passport (which was stolen along with my laptop bag, naturally). It was a fiasco. But I still love the place.
Out in the country..... If you ever happen to visit a town in Pennsylvania called New Holland, PA..... you'll know why they named it New Holland. It's like EXACTLY THE SAME- lush green fields, rolling hills, the whole 9 yards (no windmills, sadly. More's the pity.).
Good luck figuring out that whole "mountains of bad debt and over-promising people stuff" thing worked out. We could use some advice on how to do that over here if you do. You guys do that socialism thing way better than we do in the US. So, since we're headed your way soon, maybe you wouldn't mind helping a brother out?
fries with mayo, awesome.
You must have taken a long time to figure out that the US Embassy in the Netherlands is located in The Hague.
Windmills are apparently not the cause of Dutch Debt Disease ( http://www.cityofsolvang.com/index.php/permit-center/document-center/doc_download/1123-state-o-city-2-20-13- )
no coffee shops either...
FYI "England" isn't a country either - yet no one cares and still calls them all "the English" - they even reminded their would be POWs in WW2 about that fact, just in case they'd be thinking of claiming to be Scots or something (say what?).
FYI England IS a country, the largest of the three countries (England, Scotland and Wales) that make up Great Britain, which together with Northern Ireland constitutes the sovereign nation of the United Kingdom. It must be true - it says it on wikipedia.
Right... FYI only THEY think so - it isn't a real country if it doesn't even have a single political institution (and unlike Scotland, Wales and NI, btw - a country by omission?)... and about the wikipedia, as a Portuguese, a friendly warning to anyone so inclined: don't take their age of consent word for it - just saying...
No they aren't. They are simply provinces of the UK.
Neo-feudal fiefdoms is the term you were looking for.
Yeah that about sums it up.
Officially: the Kingdom of England, the Kingdom of Scotland and the Principality of Wales
You should improve on your feudalism studies - you should know what you fight
And the US is not a country either but a concept.
Never mind :)
Hollande,
Holland
Ho
Ho land?
The git is part Dutch IIRC.
Time to stick fingers in a dyke's hole!
Do you think she will like it?
Damned you Tyler, who's side are you on, now: the terminally subsidized, unwashed piglet socialists from the peripheral fringes, or the sound, thoughtful, healthy and wealthy TruR'Peens(tm) from Heartland Europe? These are the DUTCH, for Christ's sake, they've built their own country from scratch, dude, they didn't just wait or expected for it to be handed to them on a silver plate by some nanny god or anyone, like everyone else - they're 1337, they pwn major sh!t, they're legend or something - they wouldn't just screw it all up like the rest of us (nor in any other way, anyway). I call you a socialist scumbag summa cum laude, on this "news" alone. Go away now, you destroyer of hopes...
I should start a leave the dutch alone campaign right now - I should expect nothing less than full support from any freedom loving, nanny hating libertarians out there (you know who you are)!
There, said!
And when their banks blow up do they get equal treatment like Cyprus or are they betterer.