http://www.independent.co.uk/news/b...cy-goldman-sachs-conquers-europe-6264091.html RIP democracy. The financial terrorists have won and a dark new chapter in world history begins.
Lets face facts, these people are only there to bleed money from the cut wrists of the working and middle classes. Riots? There should (*)(*)(*)(*)ing well be executions! This is a long long way from over, G&S needs to be outed from Europe, send them back to America, where they like this sort of thing. I'm (*)(*)(*)(*)ing disgusted!
Financially (*)(*)(*)(*)ing the workers, for the benefit of the rich. This should end before it's too late.
The EU States borrowed a (*)(*)(*)(*)load of money from private investors and now those investors are foreclosing. That is what happens when you don't pay your debt. (*)(*)(*)(*) democracy. Democracy does not give you the right to borrow and then welch on the loans! You can only have as much democracy as you can afford. Your Government borrowed the money, now you have to pay it back and if you don't, then your country gets repossessed. It's nice to see that much of Europe are a bunch of dead beat loan welchers. You sold yourselves into slavery and now you dare complain about it? What do you think a loan is? A human (*)(*)(*)(*)ing right? I mean really these States are saying "Loan us money to pay for our massive welfare commitments, but don't ever expect us to pay you back." Well now the creditors are saying "(*)(*)(*)(*) you, give us our money back or we'll take your country from you." That is what people get for expecting unlimited loans in perpetuity.
Oh, good! When can I expect to see GS representatives knock on my door? I have a few words I'd like to share with them.
Take it up with your Government representative. Are you people really trying to deny that you borrowed massive amounts of money? I mean really: Did you or did you not borrow money from the global financial institutions? Yes, you did. Why do you think you don't have to pay it back? At least here in America, it's in our Constitution that we have to pay back our loans even if we break our own people to do it. We're not a bunch of loan welchers.
Hilarious! You are borrowing like there's no tomorrow. You manipulate your currency in order to ease the debt load on your shoulders. You are the worst loan welchers the world has ever known. Send your GS reps asap!
GS is a global financial institution, where it's headquartered has nothing to do with anything. That is like saying the UN is American because it's based in NYC. Don't you worry, we Republicans are going to stomp the (*)(*)(*)(*) out of our liberal spendthrifts and force them into Austerity if its the last thing we do. Austerity is coming to America, even if the Democrats refuse to accept it. Apparently the GS reps are in your Government, so go deal with your Government.
Well good for you. That still doesn't change the fact that you still have to pay back what you borrowed and if not then you'll suffer the consequences and all the riots and revolutions in the world won't help you. You still haven't explained to me your justification for borrowing and not paying the money back.
Typcial Silicon; a complete failure to read the English language and comprehend. Please refer me to anything I said which indicated that I wanted to no pay debts! You can't, as you're either as dumb as two short planks of wood, or you're lying. I dunno which. Now, why do all the GFS people need to operate in our governments?
It is difficult debating points with Silicon until he picks up the accurate basic economic perspective . The US runs the largest deficit in the world and also has the largest debt . Many experts believe that when you factor in Medicare and Security Benefits the true debt figure is at least $75trillion .The US is Bankrupt right now by any reasonable definition of that term . But the US dollar is also the world's reserve currency and the Federal Reserve is therefore the lender of last resort .It means that the US can continue producing Loan Repayment Notes longest and even when they are "worthless" , as long as there are " mug punters " to buy them . Therefore , until confidence in the US is eroded to the point where creditors refuse to underwrite further US borrowing , it limps along . We are close to the point where outside and citizen confidence has almost disappeared . People will only support continued borrowing if they see "proof" that their loans will be repaid at the times promised plus the cost of financing those loans -- the interest rates charged and accepted . We are now at the point where investors increasingly believe that long term US Treasury Bills or loans are junk -- not worth the paper they are written on . This will bring down the country financially as it represents the first stage of investors realising that the " Emperor wears no clothes". Other economic zones like the Euro zone are in precisely the same general position as the US except their debts are deemed even less repayable -than those of the US ----- but right now --- simply because the US is the lender of last resort within the global financial system as it presently exists , and can therefore delay its own formal bankruptcy the longest .Effectively by writing Loan Note promises that really are lies and represent huge fraud . Yes , the Fed prints imaginary money , and as long as suckers refuse to see that it is " funny money' and has much less worth than they imagine . Silicon appears to completely misunderstand this , and it is completely ap-parent when he talks about the defaults of EU sovereign states and the imminent Eurozone collapse as though that is all independent from the US position .But in reality it was the US that led the way in profligacy and ultimately outright fraud . Unfortunately , as the prime cause or instigator , they are punished last . He apparently cannot see that the US cannot collapse until others around it have fallen first .And that once one part of the system collapses , the whole system must collapse because all parts are so inextricably linked . The analogy is a sinking ship . All passengers will go under eventually . But first the stern goes under and leaves the front sticking high in the air as passengers desperately look for a safe place. The stern sinks and in doing so brings down the prow because the two are arbitrary terms to describe parts of the one total system . What happens to one part has inescapable effects on the remainder . And as the US in this model sits on the front of the ship , it will sink last . But it will sink . Silicon's apparent belief that the failure of the Eurozone somehow absolves the US of prime responsibility is touching but nonsense . Any implication that the US would financially survive if it were not for the Eurozone " punishing " the US , is laughable . It is actually the other way round . The US visited the plague on the rest of the model and a financial pandemic was born .
Funnies, coming from an American. How's your 110% public debt working out for ya? The USA is the next Italy.
This is very true, Paris. Not to mention that the Euro is under Anglo-Saxon speculative attack because of the American addiction to borrowing! For America, on the financial field, competition is bad thing since the markets would be so nice to the USA if their would be a strong rival for the US Dollar.
... We are able to pay back our loans. Unlike the USA, most European countries actually a proven track-record -- your Congress can't even agree on $1,2 trillion in cuts spread over the next 10 years! That's $120 billion/year -- that's nothing!
... because the electorate keeps voting for the same old parties who allow them to operate in our government.
You dip(*)(*)(*)(*). You actually still think the politicians and the bankers are not the same stinking cabal working in unison to rob the poor blind. Either you part of this elite or you're a complete idiot!
