Europe Timeline 3 months

[Balzac89]

http://www.zerohedge.com/news/soros-starts-three-month-countdown-doom-day-europe-plans-new-master-plan


Soros is predicting Europe will fall apart three months from now. When Europe falls apart it will drag us down. Guys I think it's time we start to prepare for a major recession and or severe depression.

It's going to happen. It's falling apart. Im not a fear monger. I just think we should plan ahead.

 

[Illegal Smile]

At least try to avoid major purchases for awhile, and create savings you can access. Put savings into non-perishables that you will need.

The falling apart might not be that bad, but we are going to slip back into recession because we cheated our way out of the last one with deficit spending. A recession, like a forest fire, has to burn itself out. What grows back is better and stronger.

 

[Harrekin]

http://www.zerohedge.com/news/soros-starts-three-month-countdown-doom-day-europe-plans-new-master-plan


Soros is predicting Europe will fall apart three months from now. When Europe falls apart it will drag us down. Guys I think it's time we start to prepare for a major recession and or severe depression.

It's going to happen. It's falling apart. Im not a fear monger. I just think we should plan ahead.

I guess he hasn't heard of the Eurozone Fiscal Stability Treaty then? It's gonna lead to Eurobonds and the United States of Europe.

Its not collapse, it's gonna turn into a big Federally run super-state.

 

[Balzac89]

At some point no one will buy into bonds when the yields are so horrifically low

 

[Balzac89]

I'm gonna order me some spare beans I been holding out on, just to store for next year just incase things do slide

 

[nattybongo]

It's nuts. I had a quick look at a newpapers headline and it said something like:
"Spain to borrow £300bn, which will be one of the biggest, ever." Where the hell does this £300bn come from?

 

[Illegal Smile]

I'm gonna order me some spare beans I been holding out on, just to store for next year just incase things do slide

Good idea!

And lol at "Fiscal Stability Treaty." That's indicative of the problem, that they think fiscal stability can be had by signing a treaty. It's just sleight of hand.

 

[Fungus Gnat]

The falling apart might not be that bad, but we are going to slip back into recession because we cheated our way out of the last one with deficit spending. A recession, like a forest fire, has to burn itself out. What grows back is better and stronger.

George Soros:
“The authorities didn’t understand the nature of the euro crisis; they thought it was a fiscal problem, while it is more of a banking problem and a problem of competitiveness. And they applied the wrong remedy: You cannot reduce the debt burden by shrinking the economy -- only by growing your way out of it,”

 

[billybob420]

Seems legit...

 

[Balzac89]

It's nuts. I had a quick look at a newpapers headline and it said something like:
"Spain to borrow £300bn, which will be one of the biggest, ever." Where the hell does this £300bn come from?

A printing press will birth another 300 billion dollar debt out of thin air.

 

[Balzac89]

They just keep throwing paper at the problems.

I think instead of worrying about a booming economy we should try to have stable growth that sustainable in the long run.

 

[Harrekin]

Good idea!

And lol at "Fiscal Stability Treaty." That's indicative of the problem, that they think fiscal stability can be had by signing a treaty. It's just sleight of hand.

The Fiscal Stability Treaty means Governments HAVE to balance budgets, it's purely to show the markets that Eurozone members are going to pay. It's an issue of confidence in the markets, with the Treaty enforcing fines of 0.5% of GDP for Governments who don't balance budgets.

Cos borrow/spend has been working out for you, hasn't it? Net job losses and you guys slipped back into recession recently, right?

Eurozone is experiencing net growth, they just need to seperate private bank debt from sovereign balance sheets and the Eurozone would be flying (bar Greece, theyre just fucking idiots and future ex-Eurozone members).

 

[desert dude]

I guess he hasn't heard of the Eurozone Fiscal Stability Treaty then? It's gonna lead to Eurobonds and the United States of Europe.

Its not collapse, it's gonna turn into a big Federally run super-state.

How does Europe get fiscal stability without political stability? I am American, so I admit that I am not intimately familiar with European politics, but a common currency without a common government seems to me to be a prescription for the sort of failure we witness today in Greece and soon in Spain, Portugal, etc. What you see in Greece is a leech government (and people) who take their lifestyle as a sense of entitlement with European producers footing the bill. The Germans, in particular, are outraged over endlessly supporting the progressive's price tag.

In America we have the same problems, of course, we are descending into a nation where the lazy and shiftless control the majority of votes hence deciding the outcome of elections. American politicians pander to the outstretched hands of this group by enacting ever more "free stuff"; the recent case of Sandra Fluke is a prime example, rather than being responsible for her own birth-control expenses (an absolutely crushing $5 per monthe), she insists that the taxpayer foot the bill and gimme-more class rallies to her cause.

It won't end well.

 

[Illegal Smile]

George Soros:
“The authorities didn’t understand the nature of the euro crisis; they thought it was a fiscal problem, while it is more of a banking problem and a problem of competitiveness. And they applied the wrong remedy: You cannot reduce the debt burden by shrinking the economy -- only by growing your way out of it,”

Reducing debt burden and shrinking economy are not mutually exclusive. That's Soros' way of saying whenever there is a recession, the government needs to grow even larger. That's what "he" means by "grow your way out of it."

 

[Balzac89]

How does Europe get fiscal stability without political stability? I am American, so I admit that I am not intimately familiar with European politics, but a common currency without a common government seems to me to be a prescription for the sort of failure we witness today in Greece and soon in Spain, Portugal, etc. What you see in Greece is a leech government (and people) who take their lifestyle as a sense of entitlement with European producers footing the bill. The Germans, in particular, are outraged over endlessly supporting the progressive's price tag.

In America we have the same problems, of course, we are descending into a nation where the lazy and shiftless control the majority of votes hence deciding the outcome of elections. American politicians pander to the outstretched hands of this group by enacting ever more "free stuff"; the recent case of Sandra Fluke is a prime example, rather than being responsible for her own birth-control expenses (an absolutely crushing $5 per monthe), she insists that the taxpayer foot the bill and gimme-more class rallies to her cause.

It won't end well.

Yeah but that 5 dollars saves the government thousands of dollars a year for each person.

 

[Harrekin]

How does Europe get fiscal stability without political stability? I am American, so I admit that I am not intimately familiar with European politics, but a common currency without a common government seems to me to be a prescription for the sort of failure we witness today in Greece and soon in Spain, Portugal, etc. What you see in Greece is a leech government (and people) who take their lifestyle as a sense of entitlement with European producers footing the bill. The Germans, in particular, are outraged over endlessly supporting the progressive's price tag.

In America we have the same problems, of course, we are descending into a nation where the lazy and shiftless control the majority of votes hence deciding the outcome of elections. American politicians pander to the outstretched hands of this group by enacting ever more "free stuff"; the recent case of Sandra Fluke is a prime example, rather than being responsible for her own birth-control expenses (an absolutely crushing $5 per monthe), she insists that the taxpayer foot the bill and gimme-more class rallies to her cause.

It won't end well.

Hence the Fiscal Stability treaty, as I told you, it's just one step closer to fiscal and political integration.

Wait and see, next step with be a Common Consolidated Tax Base.

You guys will be more "socialist" than Europe in 10-15 years, the Germans when they finally and inevitably take complete control of the EU will end the ridiculous levels of welfare here.

I cant wait till 2015 when our deficit will be less than 3%, the Welfare class will have to be kicked senseless for that to happen

 

[desert dude]

Yeah but that 5 dollars saves the government thousands of dollars a year for each person.

Yeah, but why burden the taxpayer when the individual can and should pay it herself. The savings are still there no matter who pays it.

 

[desert dude]

Hence the Fiscal Stability treaty, as I told you, it's just one step closer to fiscal and political integration.

Wait and see, next step with be a Common Consolidated Tax Base.

You guys will be more "socialist" than Europe in 10-15 years, the Germans when they finally and inevitably take complete control of the EU will end the ridiculous levels of welfare here.

I cant wait till 2015 when our deficit will be less than 3%, the Welfare class will have to be kicked senseless for that to happen

So, the individual federal governments will dissolve into something similar to the US? Greeks will be voting to decide the German chancellor? Will the UK join?

 

[desert dude]

Hence the Fiscal Stability treaty, as I told you, it's just one step closer to fiscal and political integration.

Wait and see, next step with be a Common Consolidated Tax Base.

You guys will be more "socialist" than Europe in 10-15 years, the Germans when they finally and inevitably take complete control of the EU will end the ridiculous levels of welfare here.

I cant wait till 2015 when our deficit will be less than 3%, the Welfare class will have to be kicked senseless for that to happen

Doesn't the existing EU already have requirements for deficit spending that have been violated?

 

[Fungus Gnat]

You guys will be more "socialist" than Europe in 10-15 years, the Germans when they finally and inevitably take complete control of the EU will end the ridiculous levels of welfare here.

Germany has a very large welfare state. Far larger than anything liberals could hope to accomplish here.