Change font size
It is currently Sun Apr 20, 2014 7:20 am


Post a new topicPost a reply Page 1 of 3   [ 39 posts ]
Go to page 1, 2, 3  Next
Author Message
 Post subject: Up to no good
PostPosted: Thu Nov 24, 2011 10:23 pm 
Site Admin
User avatar

Joined: Sun Jul 03, 2005 11:11 am
Posts: 24869
Location: Bradford
What precisely went on we will never know, but you can be assured that when Sarkozy, Merkel and Italian Prime Minister Mario Monti meet, in Strasbourg of all places, they are up to no good.

The headline outcome of the "Merkonti" meeting is that France and Germany have agreed to stop arguing in public over whether the ECB should do more to rescue the eurozone from a deepening sovereign debt crisis. They would also not seek to change its inflation-fighting mandate when they propose changes to EU treaties to strengthen economic governance. The pair also demonstrated their public backing for Monti.

View full article here

_________________
We are a satellite state of the Greater European Empire, ruled by a supreme government in Brussels. We owe this government neither loyalty nor obedience. It is not our government. It is theirs. It is our enemy.


Top
 Profile E-mail  
 
 Post subject: Re: Up to no good
PostPosted: Thu Nov 24, 2011 11:07 pm 

Joined: Wed Dec 08, 2010 4:25 pm
Posts: 1032
The markets can be irrational at times, as a milestone UK bond rates actually fell below German ones today.Osborne may gloat temporarily,but as one commentator colourfully put it we are in the position of Wile E Coyote as he hangs in the air after running over the cliff edge.

The EU powers have so far been behind the game all the way and the new suggestion of euro...sorry "stability"...... bonds is way behind what everyone was suggesting months,nay a year ago.The horse has already bolted, it s just too late.

So they are preparing to cast out Greece and anyone else who dare step out of line fiscally.It is the reverse of the sinking ship ettiquette as the weakest will be thrown from the lifeboats first.Though to be honest it would be doing them a favour in the long run.

Pity they didnt think about this in the beginning,and it is difficult not to be smug.....well maybe not that difficult. PDT_Armataz_01_22


Top
 Profile E-mail  
 
 Post subject: Re: Up to no good
PostPosted: Thu Nov 24, 2011 11:28 pm 

Joined: Thu Aug 07, 2008 4:47 pm
Posts: 489
Location: Lytham St Annes, Lancashire, England
Is there an instance in which even one anal-yst (A man so focused on his own navel that his head is, paradoxically, up his own arse?) has been proved to have been correct about anything? I don't ask merely to be boorish or troublesome; I merely seek reassurance that our future is not determined by those whose vision is clouded by the shit that is their last tax payer funded lunch.


Top
 Profile E-mail  
 
 Post subject: Re: Up to no good
PostPosted: Fri Nov 25, 2011 1:10 am 
Site Admin
User avatar

Joined: Sun Jul 03, 2005 11:11 am
Posts: 24869
Location: Bradford
vincent wrote:
The markets can be irrational at times, as a milestone UK bond rates actually fell below German ones today.Osborne may gloat temporarily,but as one commentator colourfully put it we are in the position of Wile E Coyote as he hangs in the air after running over the cliff edge.

The EU powers have so far been behind the game all the way and the new suggestion of euro...sorry "stability"...... bonds is way behind what everyone was suggesting months,nay a year ago.The horse has already bolted, it s just too late.

So they are preparing to cast out Greece and anyone else who dare step out of line fiscally.It is the reverse of the sinking ship ettiquette as the weakest will be thrown from the lifeboats first.Though to be honest it would be doing them a favour in the long run.

Pity they didnt think about this in the beginning,and it is difficult not to be smug.....well maybe not that difficult. PDT_Armataz_01_22


I think it might be better put that the markets occasionally offer the appearance of rationality - although this is entirely coincidental. I would not generally regard it as a sentient beast.

_________________
We are a satellite state of the Greater European Empire, ruled by a supreme government in Brussels. We owe this government neither loyalty nor obedience. It is not our government. It is theirs. It is our enemy.


Top
 Profile E-mail  
 
 Post subject: Re: Up to no good
PostPosted: Fri Nov 25, 2011 1:34 am 
User avatar

Joined: Thu Aug 10, 2006 2:30 am
Posts: 3172
Location: portugal/germany
Watching the trio on the box I could not but help remember this:
Quote:
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public etc.

_________________
Know thine enemy..........The nine most terrifying words in the English language are, 'I'm from the government and I'm here to help.'
Ronald Reagan.


Top
 Profile  
 
 Post subject: Re: Up to no good
PostPosted: Fri Nov 25, 2011 2:09 am 

Joined: Sun Jul 03, 2005 11:11 am
Posts: 6700
Hey PEP, are you in Germany at the mo?
Have the German people realized that the only future in which they keep their AAA rating and a lid on inflation is if they, the Germans, leave the euro.
They will have to pay for the rest but it will cost twice as much if they stay in the euro.
Can they see this yet??

_________________
If you don't get grumpy as you grow older then you aren't paying attention


Top
 Profile  
 
 Post subject: Re: Up to no good
PostPosted: Fri Nov 25, 2011 7:32 am 

Joined: Tue Mar 18, 2008 9:14 am
Posts: 312
Location: The Heights of High Wycombe
What I have not been able to ascertain is who is buying these bonds? I read somewhere that China has only $100 billion of loose change as the rest of their $3 trilion surplus is being used to prop up their state and the USA has nought, but $15+ trillion debt. Who has these readies?

_________________
Whilst entitled to your own opinion, you are not entitled to your own facts!


Top
 Profile E-mail  
 
 Post subject: Re: Up to no good
PostPosted: Fri Nov 25, 2011 7:49 am 

Joined: Sun Jul 03, 2005 11:11 am
Posts: 6700
Quote:
Who has these readies?

Your pension fund!!

_________________
If you don't get grumpy as you grow older then you aren't paying attention


Top
 Profile  
 
 Post subject: Re: Up to no good
PostPosted: Fri Nov 25, 2011 9:31 am 

Joined: Wed Dec 08, 2010 4:25 pm
Posts: 1032
I do not think anyone with a sound mind will buy them,so Merkel is intent on sorting this out the hard way.She wants to make the eurozone members act within their means,(there is a novel concept)She will enforce fiscal discipline by imposing final approval of all national budgets.Germany is basically taking control....anschluss.Once fiscal discipline has been restored they might start selling eurobonds.

Game on.


Top
 Profile E-mail  
 
 Post subject: Re: Up to no good
PostPosted: Fri Nov 25, 2011 9:34 am 

Joined: Sat Oct 23, 2010 3:12 pm
Posts: 1441
The boneheaded and incessant dive to the bottom in all public standards is a central ethos in a non-democratic massive bureaucratic monster like the EU, one only has to look to the Soviet [Communist] tyranical paradigm, for how it eventually turns out.

Apparats in the Soviet era were lavished with perks and special concessions at GUM soviet 'super store' and girls, whatever they fancied.

In Britain, we have a similar caste of arrogant overpaid fools who value their services inordinately.

Quote:
John Ransford, who stood down as chief executive of the Local Government Association last Monday, said his total pay was “not particularly out of line” with other packages for top roles in the public sector.

He said it would be considered “peanuts” by some in private industry and finance, he argues, though he adds: “I don’t regard it as peanuts; I regard it as high pay.”

Mr Ransford was paid £245,000 a year plus £57,000 in pension contributions in his final year in charge. The LGA receives money from central Government in grants and local government in subscriptions.


Not peanuts? Or peanuts? - but we know what you really mean me old son.
Ho ho!

And it gets better.........

Quote:
It then emerged that Mr Ransford was retiring from the LGA and coming back to work for the association on reduced terms.


Get out, golden handshake, continue working - whats not to like??

Britain, is a Soviet of the Brussels communist bloc.


Top
 Profile E-mail  
 
 Post subject: Re: Up to no good
PostPosted: Fri Nov 25, 2011 10:42 am 

Joined: Wed Dec 08, 2010 4:25 pm
Posts: 1032
Jeremy Warner is in full doom mode this morning...


Quote:
Contingency planning is in progress throughout Europe. From the UK Treasury on Whitehall to the architectural monstrosity of the Bundesbank in Frankfurt, everyone is desperately trying to figure out precisely how bad the consequences might be.

What they are preparing for is the biggest mass default in history. There's no orderly way of doing this. European finance and trade is too far integrated to allow for an easy unwinding of contracts. It's going to be anarchy.......








http://www.telegraph.co.uk/finance/comm ... aches.html
Bulletins about stocking up on the tinned food and buying a rifle may follow.....


Top
 Profile E-mail  
 
 Post subject: Re: Up to no good
PostPosted: Fri Nov 25, 2011 10:55 am 

Joined: Wed Nov 10, 2010 3:23 pm
Posts: 2
One notes that further political subordination of formerly self-governing peoples is called 'economic governance' or 'fiscal integration'.


Top
 Profile E-mail  
 
 Post subject: Re: Up to no good
PostPosted: Fri Nov 25, 2011 10:56 am 

Joined: Mon Aug 01, 2005 8:47 pm
Posts: 4434
Quote:
I think it might be better put that the markets occasionally offer the appearance of rationality - although this is entirely coincidental. I would not generally regard it as a sentient beast.


So speaks the bureaucratic mind.

Mkts may not always be right and during periods of mania they can be very wrong, but generally the decisions of millions of people outweigh the ideas of a few.

It will be the mkts that bring down the EU, as they are now doing.


Top
 Profile  
 
 Post subject: Re: Up to no good
PostPosted: Fri Nov 25, 2011 11:13 am 

Joined: Wed Mar 14, 2007 11:26 am
Posts: 1291
Location: UK
Quote:
What precisely went on we will never know

From what's public, it appears that Merkel has conceded the principle of euro-bonds. Just not today.


Top
 Profile  
 
 Post subject: Re: Up to no good
PostPosted: Fri Nov 25, 2011 11:24 am 

Joined: Tue Mar 18, 2008 9:14 am
Posts: 312
Location: The Heights of High Wycombe
Sandy,

Pension funds should invest our funds wisely. Buying Eurozone bonds is not wise.

On another tack, how will Irish independence nationalists view Merkozy? As legitimate targets?

_________________
Whilst entitled to your own opinion, you are not entitled to your own facts!


Top
 Profile E-mail  
 
Display posts from previous:  Sort by  
Post a new topicPost a reply Page 1 of 3   [ 39 posts ]
Go to page 1, 2, 3  Next


Who is online

Users browsing this forum: No registered users and 2 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  
cron


Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
610nm Style by Daniel St. Jules of Gamexe.net