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Old 01-09-2015, 11:39 AM   #61
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Dave Cameron was cheerfully talking about the UK leaving the EU.

Think it was just some scare stuff to get us all to want to stay in but the threat from Ukip is pretty serious.
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Old 01-09-2015, 06:53 PM   #62
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The German tax payer are giddy

When Greece drops the euro the Germans will hold a celebration. That would save Berlin or Frankfurt a ton of cash in bailout money.
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Old 01-12-2015, 12:28 PM   #63
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Originally Posted by WilliamGates View Post:
When Greece drops the euro the Germans will hold a celebration. That would save Berlin or Frankfurt a ton of cash in bailout money.
Not sure.. It all depends how well german banks prepared for this.
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Old 01-23-2015, 07:31 AM   #64
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So the election is this Sunday. The SNB just dropped the peg to the Euro. The ECB just announced a 1 trillion euro money printing commitment. There is a lot of poo flying around at the moment. I guess we live in interesting times.
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Old 01-23-2015, 07:37 AM   #65
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Originally Posted by WilliamGates View Post:
When Greece drops the euro the Germans will hold a celebration. That would save Berlin or Frankfurt a ton of cash in bailout money.
...and where exactly are the "bailouts" funds going, you think?

All the so called bailouts of the bankrupted entities, were actually bail outs of the CREDITORS of the bankrupted entities.
Paid by the taxpayers, of course.
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Old 01-23-2015, 09:40 AM   #66
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Monday will prove to be quite interesting if the anti-euro groups take a clear majority.
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Old 01-25-2015, 09:28 AM   #67
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Syriza's intellectual leaders are a bunch of commie and progressive ivory tower economists, some from very wealthy oligarchic families:

https://translate.google.ch/translat...tml&edit-text=

smells like controlled opposition.

Add on to that Greek bonds are not part of the ECB QE program and you get the picture: Greece is gonna leave the Euro soon and Syriza will orchestrate the move. The EU governments already know it. Thats why Syriza is allowed to win now. Germany said they are prepared for a Grexit as well.
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Old 01-25-2015, 10:56 AM   #68
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I am not sure to what degree it is controlled opposition, and to what, it is simply inept ideologically and philosophically, impotent intellectual& political leadership of today. Corrupted by cultural Marxism (the only successful branch of Marxism, unfortunately, so prominent and influential across the board in the western civilization today).

Remember, never assume a conspiracy, if it can be explained by the stupidity and lack of competence :-)

In the long while, that I was away (from pm bug, lol), I've came to the conclusion, that our current problems run much deeper, than conservative/progressive, false dualism. Both sides of the aisle are equally inept and uprooted from the philosophical, rational foundation of the western society. Well, ok, progressives, are even more stupid that conservatives ;-), but that doesn't mean, that the latter are intelligent/rational/consistent enough, to do any good.
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Old 01-25-2015, 11:11 AM   #69
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EXIT POLL
SYRIZA 35,5-39,5 ND 23-27 Potami 6,4-8 Golden Dawn 6,4-8 KKE 4,7-5,7 PASOK 4,2-5,2 Ind.Greeks 3.5-4.5 Kinima 2,2-3,2

Syriza = Socialists
Golden Dawn = Nazis
KKE = Commies

together more than 50% of the vote


Last edited by swissaustrian; 01-25-2015 at 11:13 AM.
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Old 01-25-2015, 02:32 PM   #70
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Got to hand it to the socialists for their international networking abilities. The Greek socialists of Syriza who just won the general election by a wide margin probably received foreign funding.
In the video below you can see signs in Italian ("L'altra Europa..."), English and German ("Ich unterstütze..."). The English and German signs are showing the banner of "Die Linke" (the left), the German socialist party that inherited the assets of the Eastern German socialist party (SED) from the time before the iron curtain fell.

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Old 01-26-2015, 07:15 AM   #71
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Quote :
...
Partial election results suggest Syriza has secured 36.5% of the vote, compared to 27.7% for the New Democracy party.

This indicates the party would get 150 seats in the 300-seat parliament - one short of an overall majority.
...
In his victory speech, Mr Tsipras said: "The sovereign Greek people today have given a clear, strong, indisputable mandate.

"Greece leaves behinds catastrophic austerity, it leaves behind fear and authoritarianism, it leaves behind five years of humiliation and anguish.

"The verdict of our people means the Troika is finished.

"The new Greek government will be ready to cooperate and negotiate for the first time with our peers a just, mutually beneficial and viable solution."

Mr Syriza's refusal to continue meeting the austerity demands placed on Greece by its creditors has sparked fears the country may be unable to repay its debts, which could force the country's exit from the Eurozone.
...
http://news.sky.com/story/1414691/gr...sterity-behind
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Old 01-26-2015, 11:25 AM   #72
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Tsipras meets with Russian ambassador and then visits WWII memorial where Nazis killed Greeks. Think that's just coincidence, or is a message being sent to Germany (and the EU)?

http://www.zerohedge.com/news/2015-0...-his-first-act
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Old 01-26-2015, 12:12 PM   #73
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I vote that it's a message, and a clear one at that.
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Old 01-26-2015, 02:54 PM   #74
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Originally Posted by PMBug View Post:
Tsipras meets with Russian ambassador and then visits WWII memorial where Nazis killed Greeks. Think that's just coincidence, or is a message being sent to Germany (and the EU)?

http://www.zerohedge.com/news/2015-0...-his-first-act
No surprise that he met the Russian ambassador first. The oldtimers in his party were all Soviet spies / agents who openly received orders from Moscow. I wouldnt be surprised if Putin financed part of his campaign. The video I posted above is from R[ussia]T of all places.
Communist parties in Western Europe were controlled by the Soviets for decades during the cold war.

The memorial visit is a cheap to try to get bargaining power with Germany for a debt jubilee.

Note: My wife is Russian and she hates Putin.
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Old 01-26-2015, 06:45 PM   #75
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Great write up/ summary of the situation by Molyneux:
=>
via @Podcast_Addict
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Old 01-27-2015, 11:04 AM   #76
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Cant watch it Bushi
Not enough bandwidth or data allowance with the satellite connection )-:

Can you summarise ?
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Old 01-28-2015, 06:47 AM   #77
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Greek markets crashing. Investors are GTFO while they can.

http://www.zerohedge.com/news/2015-0...worst-day-ever
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Old 01-28-2015, 09:26 AM   #78
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I fully sympathize with Greece. Her people finally got rid of the technocratic idiots that were really the tools of the EU, and not true patriots. These people are tired of the endless misery their tax burdens have created. They are also waking up to the reality that shit is going to get harder before it gets easier. Making nice with Putin will make sure they have access to financial assistance and an open market for their goods. The west is trying to strangle Putin with stupid economic sanctions over a country that on a relative basis, produces very little and provides nothing for the EU except a buffer zone between west Europe and the Russian border.

It is a grievous error to torture Greece in to submission, since history bears out that they are incredibly resilient and intolerant of those trying to impose their will upon them.

Sure, they'll be frozen out of most capital markets, but China and Russia should be able to provide them with help without really feeling it.
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Old 01-28-2015, 11:52 AM   #79
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Originally Posted by ancona View Post:
The west is trying to strangle Putin with stupid economic sanctions over a country that on a relative basis, produces very little and provides nothing for the EU except a buffer zone between west Europe and the Russian border.
Greece does provide a stepping stone to the Middle East via Cyprus. Sooner or later the EU must do something about the Middle East and Cyprus provides the perfect military base to launch an attack if Iran shuts down the Hormuz Strait and the Red Sea/Suez Canal shipping lanes.

Russia and Iran can strangle the EU by shutting off the oil. Russia, with Chinese backing, is too big for the EU to attack, but Iran is not, so if Russia and Iran team up to shut off the oil to the EU, watch for fireworks to be launched from the EU military bases on Cyprus, the closest EU bases to Iran still within the EU.
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Old 01-30-2015, 09:50 AM   #80
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Tsipras open letter to Germany:
Quote :
...
In 2010, the Greek state ceased to be able to service its debt. Unfortunately, European officials decided to pretend that this problem could be overcome by means of the largest loan in history on condition of fiscal austerity that would, with mathematical precision, shrink the national income from which both new and old loans must be paid. An insolvency problem was thus dealt with as if it were a case of illiquidity.

In other words, Europe adopted the tactics of the least reputable bankers who refuse to acknowledge bad loans, preferring to grant new ones to the insolvent entity so as to pretend that the original loan is performing while extending the bankruptcy into the future. Nothing more than common sense was required to see that the application of the 'extend and pretend' tactic would lead my country to a tragic state. That instead of Greece's stabilization, Europe was creating the circumstances for a self-reinforcing crisis that undermines the foundations of Europe itself.

My party, and I personally, disagreed fiercely with the May 2010 loan agreement not because you, the citizens of Germany, did not give us enough money but because you gave us much, much more than you should have and our government accepted far, far more than it had a right to. Money that would, in any case, neither help the people of Greece (as it was being thrown into the black hole of an unsustainable debt) nor prevent the ballooning of Greek government debt, at great expense to the Greek and German taxpayer.
...
Germany, and in particular the hard-working German workers, have nothing to fear from a SYRIZA victory. The opposite holds. Our task is not to confront our partners. It is not to secure larger loans or, equivalently, the right to higher deficits. Our target is, rather, the country's stabilization, balanced budgets and, of course, the end of the grand squeeze of the weaker Greek taxpayers in the context of a loan agreement that is simply unenforceable. We are committed to end 'extend and pretend' logic not against German citizens but with a view to the mutual advantages for all Europeans.
...
http://globaleconomicanalysis.blogsp...to-german.html
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