EU Bailout - $1 Trillion - Lunacy

[Jeremy]

Threads like this are always fun around here since we have such a diverse demographic of members around the globe. I'd love to hear some of the thoughts on this bailout. Personally I think it's sheer lunacy considering no country has a cool trillion laying on the sidelines to simply throw in the mix as a backstop (not even China).

Time for the bankers to fire up the printing presses again, and then do some currency swaps, or whatever the IMF and central banks need to do in order to hide it all from the citizens of all the countries. Over here in the U.S, it's funny because most of the people are caught up in debating senseless shit based upon being a democrat or republican. And all the while, the Federal Reserve (private banking cartel) has been able to drive the U.S. so far into debt that they will bankrupt the U.S. with just interest payments alone over the next several years.

Plain and simple, you cannot resolve a debt crisis by issuing more debt. The U.S. should be a prime example.

What say you?

[pokerprop]

These moves are what the federal reserve and bankers do to feed their families and it's just business, isn't it?

[Jeremy]

These moves are what the federal reserve and bankers do to feed their families and it's just business, isn't it?

LOL

[cernus11]

IMO this plan is never going to come into reality. Its more the EU trying to settle the markets by offering that extra insurance policy. Like in the UK with Northern Rock, the UK government never had the money to cover everyone's deposits but by saying they did they stopped the panic from happening thus never having to come through on their promises.

[Spry]

but it made the stock market go up!11

[CasinoMack]

I say don't worry about these things we have no control over. Its shitty and thats it.

[Jeremy]

As long as American Idol and Dancing with The Stars is on in the U.S., most of the people here could care less and are clueless about the world.

[resipsa]

Its ugly, but the alternative of letting Greece default is even worse. What needs to happen is the Greek people to realize what has happened and accept the necessary austerity measures. If they can do that, they'll provide an example for the rest of the world to look to as other countries institute similar cuts to get budgets under control. Or they can continue rioting in the streets because some of their freebies have been cut and cause a default anyway.

It's their call and everyone is watching.

[Spry]

maybe those freebies aren't such a good idea. maybe we should be responsible for ourselves and freely do business with one another, and keep what we earn from that as free human beings have the god given right to do.

[pamela]

What say you?

This is such a bad joke, it makes me almost crying. The Greeks are focking everyone and their mother. The French are slowly drowning in their own vomit. The Germans are bewildered in stupefaction. The Turks regret they were too late. The Portuguese are piling up guns and grenades. The Swiss are laughing all the way to the bank.