Don't laugh. We're next.

Huh? 

Stop drunk posting already.

http://www.reuters.com/article/2011/11/09/us-eurozone-idUSTRE7A831520111109?feedType=RSS&feedName=topNews&rpc=71&google_editors_picks=true

(Reuters) - Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's insistence on elections instead of an interim government threatened prolonged instability and kindled fears of a split in the euro zone.

European Commission President Jose Manuel Barroso issued a stern warning of the dangers of splitting the zone, rocked by an escalating debt crisis. EU sources told Reuters French and German officials had held discussions on just such a move.

There have been plenty of people who saw this coming for a long time, and maybe if OWS happened 20 years ago we could have done something to mitigate it.  You can't just keep bailing out insolvent countries by printing more money into existence and pretend it's a functional economy. Eventually there is nowhere to run with 'investments' and the whole thing blows up.

Problem is we are in the same boat, and if you think China is going to swing in and save us then you have another thing coming. Their real estate bubble just popped and is about to send more shockwaves through the system. Everyone in this country is living on some sort of subsidy from the printing of our fake monopoly money. You think that's real cash your making at work right now? It's tied to future debts that will never be repaid.

What's going to have to happen is someone's gotta push the financial reset button. We operate on a money system that depends on cheap oil and lots of resources to burn through in order to create this monster called 'growth'. There are only so many resources on our planet and 7 billion people who want to drive cars, live in suburban homes, and watch reality shows on their smart phones. It ain't gonna happen. What's becoming more and more clear every day is now is the time for contraction. Twentieth century kicked ass. We had a great party. Now it's time for everyone to go back to their corner and deal with the hangover.

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Good Lord. Europe will now descend into chaos.  Dogs and cats sleeping together...........

The Eurozone and the European union are two separate entities. Highly doubtful the EU is finished, the Eurozone might be restructured though, as Germany and France are suggesting (more like hinting). We will just have to wait and see.

As for your Italy reference, Italy can pull through this quite easily if they cut spending. Italy has a strong tax base and good revenue, unlike Greece, which is almost 80% service based economy. 40% is govt employed. Once the tourists stopped showing up so did the revenue. 

The US is not even nearly started to be anywhere nearly finished. When America is repeating the Carter years, then repost this.

also, on China saving the US, you do know that Chinas growth is directly tied to the US. They know it too.

This, and China and India have too many males.

http://articles.latimes.com/2011/mar/14/news/la-heb-sex-selection-20110314

In China, India, sex selection means there are too many males
BOOSTER SHOTS: Oddities, musings and news from the health world

March 14, 2011|By Shari Roan, Los Angeles Times

Sex selection in parts of China and India will produce a 10% to 20% excess in males in the next 20 years, according to a new study...

http://www.dailymail.co.uk/news/article-1265068/China-The-worlds-new-superpower-beginning-century-supremacy-alarming-surplus-males.html

Gendercide: China's shameful massacre of unborn girls means there will soon be 30m more men than women...

Some have made the argument that this is historically a precondition for war:

http://belfercenter.ksg.harvard.edu/publication/1932/bare_branches.html

What happens to a society that has too many men? In this provocative book, Valerie Hudson and Andrea den Boer argue that, historically, high male-to-female ratios often trigger domestic and international violence. Most violent crime is committed by young unmarried males who lack stable social bonds. Although there is not always a direct cause-and-effect relationship, these surplus men often play a crucial role in making violence prevalent within society. Governments sometimes respond to this problem by enlisting young surplus males in military campaigns and high-risk public works projects. Countries with high male-to-female ratios also tend to develop authoritarian political systems.

Hudson and den Boer suggest that the sex ratios of many Asian countries, particularly China and India -- which represent almost 40 percent of the world's population -- are being skewed in favor of males on a scale that may be unprecedented in human history. Through offspring sex selection (often in the form of sex-selective abortion and female infanticide), these countries are acquiring a disproportionate number of low-status young adult males, called "bare branches" by the Chinese.

Hudson and den Boer argue that this surplus male population in Asia's largest countries threatens domestic stability and international security. The prospects for peace and democracy are dimmed by the growth of bare branches in China and India, and, they maintain, the sex ratios of these countries will have global implications in the twenty-first century.

They will make a lot of fish food for the Pacific ocean. That's about it though.

Huh? 

Stop drunk posting already.

There is a thread just for this.

The Eurozone and the European union are two separate entities. Highly doubtful the EU is finished, the Eurozone might be restructured though, as Germany and France are suggesting (more like hinting). We will just have to wait and see.

As for your Italy reference, Italy can pull through this quite easily if they cut spending. Italy has a strong tax base and good revenue, unlike Greece, which is almost 80% service based economy. 40% is govt employed. Once the tourists stopped showing up so did the revenue. 

The US is not even nearly started to be anywhere nearly finished. When America is repeating the Carter years, then repost this.

also, on China saving the US, you do know that Chinas growth is directly tied to the US. They know it too.

Thanks for your reply! You're assuming a few things, but the most dangerous is the assumption that the same world leaders and business interests who created this mess are telling us the truth about what's going on and will somehow be able to figure our a way out of it. We all live in a world where money is borrowed into creation through fractional reserve banking and compound interest, and it's simply impossible to continue operating that way because eventually too much money is circulating and it becomes meaningless. The only thing that's keeping us from an even greater depression right now is money printing and cooked books.

As far as china goes they are experiencing power shortages, factory shutdowns, mass labor riots, and a shrinking market for their goods as Americans get poorer and poorer. Here we are blocking our freeways for Hu Jintao today when tomorrow he could be our greatest adversary competing for resources when it becomes clear that there's no way we'll ever be able to pay back what we owe them.

Quote from: tonsofguns on November 10, 2011, 08:47:18 AM

The Eurozone and the European union are two separate entities. Highly doubtful the EU is finished, the Eurozone might be restructured though, as Germany and France are suggesting (more like hinting). We will just have to wait and see.

As for your Italy reference, Italy can pull through this quite easily if they cut spending. Italy has a strong tax base and good revenue, unlike Greece, which is almost 80% service based economy. 40% is govt employed. Once the tourists stopped showing up so did the revenue. 

The US is not even nearly started to be anywhere nearly finished. When America is repeating the Carter years, then repost this.

also, on China saving the US, you do know that Chinas growth is directly tied to the US. They know it too.

Thanks for your reply! You're assuming a few things, but the most dangerous is the assumption that the same world leaders and business interests who created this mess are telling us the truth about what's going on and will somehow be able to figure our a way out of it. We all live in a world where money is borrowed into creation through fractional reserve banking and compound interest, and it's simply impossible to continue operating that way because eventually too much money is circulating and it becomes meaningless. The only thing that's keeping us from an even greater depression right now is money printing and cooked books.

As far as china goes they are experiencing power shortages, factory shutdowns, mass labor riots, and a shrinking market for their goods as Americans get poorer and poorer. Here we are blocking our freeways for Hu Jintao today when tomorrow he could be our greatest adversary competing for resources when it becomes clear that there's no way we'll ever be able to pay back what we owe them.

You are making an assumption (the mother of ALL fuck ups by the way) that we even have the intention of paying them back.

Quote from: hvybarrels on November 10, 2011, 10:55:25 PM

Quote from: tonsofguns on November 10, 2011, 08:47:18 AM

The Eurozone and the European union are two separate entities. Highly doubtful the EU is finished, the Eurozone might be restructured though, as Germany and France are suggesting (more like hinting). We will just have to wait and see.

As for your Italy reference, Italy can pull through this quite easily if they cut spending. Italy has a strong tax base and good revenue, unlike Greece, which is almost 80% service based economy. 40% is govt employed. Once the tourists stopped showing up so did the revenue. 

The US is not even nearly started to be anywhere nearly finished. When America is repeating the Carter years, then repost this.

also, on China saving the US, you do know that Chinas growth is directly tied to the US. They know it too.

Thanks for your reply! You're assuming a few things, but the most dangerous is the assumption that the same world leaders and business interests who created this mess are telling us the truth about what's going on and will somehow be able to figure our a way out of it. We all live in a world where money is borrowed into creation through fractional reserve banking and compound interest, and it's simply impossible to continue operating that way because eventually too much money is circulating and it becomes meaningless. The only thing that's keeping us from an even greater depression right now is money printing and cooked books.

As far as china goes they are experiencing power shortages, factory shutdowns, mass labor riots, and a shrinking market for their goods as Americans get poorer and poorer. Here we are blocking our freeways for Hu Jintao today when tomorrow he could be our greatest adversary competing for resources when it becomes clear that there's no way we'll ever be able to pay back what we owe them.

You are making an assumption (the mother of ALL **** ups by the way) that we even have the intention of paying them back.

Great, now I am being censored on a pro-rights site.  I F U C K I N give up already.

You are making an assumption (the mother of ALL **** ups by the way) that we even have the intention of paying them back.

I don't know Voodoo. Barry has been honing his compromise skills since his first day in office. When our money is no longer good maybe he'll make a deal to start exporting our girls and women. Looks like China's gonna need a fresh supply soon.

This, and China and India have too many males.
Some have made the argument that this is historically a precondition for war:

All we have to do is breed chinese women (or whatever flavor they like) in this country and sell 'em back to China to pay back our debts and keep our sovereignty. Problem solved!

I volunteer my services to breed as many Chinese women as I can. 

Quote from: tonsofguns on November 10, 2011, 08:47:18 AM

The Eurozone and the European union are two separate entities. Highly doubtful the EU is finished, the Eurozone might be restructured though, as Germany and France are suggesting (more like hinting). We will just have to wait and see.

As for your Italy reference, Italy can pull through this quite easily if they cut spending. Italy has a strong tax base and good revenue, unlike Greece, which is almost 80% service based economy. 40% is govt employed. Once the tourists stopped showing up so did the revenue. 

The US is not even nearly started to be anywhere nearly finished. When America is repeating the Carter years, then repost this.

also, on China saving the US, you do know that Chinas growth is directly tied to the US. They know it too.

Thanks for your reply! You're assuming a few things, but the most dangerous is the assumption that the same world leaders and business interests who created this mess are telling us the truth about what's going on and will somehow be able to figure our a way out of it. We all live in a world where money is borrowed into creation through fractional reserve banking and compound interest, and it's simply impossible to continue operating that way because eventually too much money is circulating and it becomes meaningless. The only thing that's keeping us from an even greater depression right now is money printing and cooked books.

As far as china goes they are experiencing power shortages, factory shutdowns, mass labor riots, and a shrinking market for their goods as Americans get poorer and poorer. Here we are blocking our freeways for Hu Jintao today when tomorrow he could be our greatest adversary competing for resources when it becomes clear that there's no way we'll ever be able to pay back what we owe them.

You make the assumption that there is a crisis to begin with.
See, I can play too.

BTW, don't respond to anything I said with facts, links, evidence, etc, etc, etc.   

Italy's bench mark bond interest rates jumped above 7% and the prime minister bailed last week. Those bonds are still dirt cheap. You should go buy some!

Italy was more $crewed than anyone could have imagined. According to this article it might be days away.

http://news.yahoo.com/europe-scrambles-save-euro-171444257.html