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 Post subject: A terrifying world
PostPosted: Thu Nov 27, 2008 1:26 am 
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If excessive debt has got us into this mess, and the main thrust of the attack against Mr Brown is his plan to add to the national debt by untold zillions – and then tax us out of existence to pay for it - what, one might ask, is the EU playing at, setting up a EU "recovery plan" which amounts to EU member states borrowing €200 billion more than they have already?

This, we are told by The Times is the EU's brilliant idea "to beat the slump", in which member states are being "encouraged to follow Britain's lead".

View full article here

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 Post subject: Re: A terrifying world
PostPosted: Thu Nov 27, 2008 3:11 am 
I will continue to read the article. But, even afeter only the first paragraph, I have to say that I am incredulous before the political "mainstream" that thinks that the answer to the problems brought upon us by cheep credit is to offer even larger chunks of even cheeper credit.

Insane. Just insane!


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 Post subject: Re: A terrifying world
PostPosted: Thu Nov 27, 2008 3:19 am 
What do you mean "it will all come to grief"?
just the next meeting or something much bigger?


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 Post subject: Re: A terrifying world
PostPosted: Thu Nov 27, 2008 5:26 am 

Joined: Sun Jul 03, 2005 11:11 am
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http://online.wsj.com/mdc/public/page/2 ... nav_2_3000

Hmm,
Germany 10yr euro 3.28%
Italy 10yr euro 4.38%

ie. 33% more cash flow from Italian backed euros than from German backed ones...
Or, to get 100 euros pa income you'd need 3048 German euros or 2283 Italian euros...
And this is the same currency??

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 Post subject: Re: A terrifying world
PostPosted: Thu Nov 27, 2008 9:00 am 

Joined: Tue Aug 16, 2005 10:00 pm
Posts: 635
There's something odd about that picture of the Corbiere lighthouse. There's sunlight fron the left, illuminating the rocks in the immediate foreground, and there's a full moon rising, 90 degrees too far north, I think.

Hold on a minute: don't tell me that the Jersey Tourist Board has been taken over by Hamas!! Good grief - is that Green Helmet Man scrambling over the rocks towards us, with a dead baby in his arms?

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 Post subject: Re: A terrifying world
PostPosted: Thu Nov 27, 2008 10:37 am 
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Joined: Mon Nov 14, 2005 9:00 am
Posts: 472
So your having your Conrad Veidt moment

Where the lighthouse shines across the bay,
There's a cottage kissed by fume and spray,
Cheerful logs to warm the winter day are blazing.
List'ning to the breakers on the shore,
From a tiny cottage thatched with straw,
Stands a fair-haired lassie at the door star gazing.
Watching the dark clouds, dreading the gale,
Counting the days since her lover set sail.
Where the lighthouse shines across the bay,
Seagulls on the shore have heard her say:
"Come home, my love, come home, dear love, come home."
PDT_Armataz_01_05


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 Post subject: Re: A terrifying world
PostPosted: Thu Nov 27, 2008 10:42 am 
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Joined: Tue Nov 22, 2005 3:05 pm
Posts: 489
Quote:
European Union plans for a €200bn (£165bn) fiscal boost to head off a severe recession have already begun to unravel as Germany and other Northern states dig in their heels over extra spending. ...


http://www.telegraph.co.uk/news/worldne ... boost.html

But also (and I'm not sure this made the hardcopy version)

Quote:
Crucially, Brussels is using a plethora of EU bodies to spread money around, in effect using these institutions for the first time as a tool for managing the economic cycle. This is a major new departure. The commission issued a €2bn bond under its own authority for the first time this week - using its Macro-Financial Assistance (MFA) programme.

It is clear that Brussels is now taking advantage of the crisis to greatly extend its role in macroeconomic policy, a shift that is likely to raise eyebrows in eurosceptic circles.

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 Post subject: Re: A terrifying world
PostPosted: Thu Nov 27, 2008 11:07 am 

Joined: Sun Jul 03, 2005 11:11 am
Posts: 6700
Quote:
Mr Barroso said those countries with budgets in good health - chiefly Germany, the Netherlands, and Scandinavian states - will be expected to make a "much bigger offer" in terms of overall stimulus than they have provided so far.


Here it comes ....

For a broadsheet to hint that eurosceptics should check this out, is a very interesting point. Did the editor notice?

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 Post subject: Re: A terrifying world
PostPosted: Thu Nov 27, 2008 1:50 pm 

Joined: Tue Oct 14, 2008 11:52 am
Posts: 225
SandyRham wrote:
http://online.wsj.com/mdc/public/page/2_3022-govtbonds.html?mod=topnav_2_3000
Hmm,
Germany 10yr euro 3.28%
Italy 10yr euro 4.38%
ie. 33% more cash flow from Italian backed euros than from German backed ones...
Or, to get 100 euros pa income you'd need 3048 German euros or 2283 Italian euros...
And this is the same currency??


That's talking about bonds issued by the relevant countries. You can buy either of them with the same Euros.


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 Post subject: Re: A terrifying world
PostPosted: Thu Nov 27, 2008 11:34 pm 
Quote:
...Macro-Financial Assistance (MFA) programme.

Ah! So that's the method of entry. They just shove a hand though this MFA cat flap and unlock the back door from the inside. We're living in a house designed by burglars.

Quote:
Mr Barroso said those countries with budgets in good health... will be expected to make a "much bigger offer"...

Christ! They're talking like mafiosi now too.


They wanta respecta? Well, I'd be very happy indeed to oblige them. I want to pay them my last respects.

I look forward to a coming "St Valentine's Day" when we can massacre the lot of them.


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 Post subject: Re: A terrifying world
PostPosted: Fri Nov 28, 2008 1:29 am 
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Joined: Sun Dec 11, 2005 12:21 am
Posts: 2193
OT - On Question Time tonight George Osborne, actually said that under EU law VAT couldn't be lowered more than 15%.

And the Sainsbury's panellist also mentioned that something (forget what, was so shocked at Osborne's admission that I missed it) the government wanted to do was also illegal under EU law.

After years of silence, twice in one night. Let's hope it's the beginning of a trend,


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 Post subject: Re: A terrifying world
PostPosted: Fri Nov 28, 2008 3:28 am 
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rosie wrote:
OT - On Question Time tonight George Osborne, actually said that under EU law VAT couldn't be lowered more than 15%.

And the Sainsbury's panellist also mentioned that something (forget what, was so shocked at Osborne's admission that I missed it) the government wanted to do was also illegal under EU law.

After years of silence, twice in one night. Let's hope it's the beginning of a trend,


Rosie,

Probably just a slip of the tongue, the cover-up will continue

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 Post subject: Re: A terrifying world
PostPosted: Fri Nov 28, 2008 5:43 am 

Joined: Sun Jul 03, 2005 11:11 am
Posts: 6700
Germany 10yr euro 3.276%
Italy 10yr euro 4.449%
35.8%
The rift widens...
Barroso reaching for German/Swedish/Dutch wallets, Merkel knows it...
Gunfight at the EU corral...
:lol:

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 Post subject: Re: A terrifying world
PostPosted: Sat Nov 29, 2008 8:14 am 

Joined: Sun Jul 03, 2005 11:11 am
Posts: 6700
G 3.255%
I 4.459%
37% more from Italy.....

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 Post subject: Re: A terrifying world
PostPosted: Tue Dec 02, 2008 5:34 am 

Joined: Sun Jul 03, 2005 11:11 am
Posts: 6700
G 3.170%
I 4.416%

39.3 % more cash-flow from the Italian government.
Just how silly can this get? Will it all get better if everyone doesn't notice?

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