Hyperinflation? Fed Restarts Currency Swaps as EU Debt Crisis Flares
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I wish I could give you a 5 for this post. Especially the mall Rats reference.
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
I'm a big Kevin Smith fan :)
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels) -
http://www.bloomberg.com/apps/news?pid=20601087&sid=amiI5qIW8gDI[^] So the Fed just completely "opens the vaults" to the EU. They will give them as much money as they need, no need to ask for it, just take it.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
Can i ask a sensible question? Do you understand the implications if Greece goes bankrupt?
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
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Can i ask a sensible question? Do you understand the implications if Greece goes bankrupt?
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
Simon_Whale wrote:
Do you understand the implications if Greece goes bankrupt?
Greek already is bankrupt, that is why they are getting bailed out. This is only going to cause a currency crisis. The world is bailing out the world, everybody is going to be hit by this. You can't do this without serious consequences. It only delays the inevitable, and makes the situation worse in the long run.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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Simon_Whale wrote:
Do you understand the implications if Greece goes bankrupt?
Greek already is bankrupt, that is why they are getting bailed out. This is only going to cause a currency crisis. The world is bailing out the world, everybody is going to be hit by this. You can't do this without serious consequences. It only delays the inevitable, and makes the situation worse in the long run.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
yes and the curreny crisis even effects you, so your government is doing its bit too stop it effecting you. so i dont get the consiparecy / problem in what you've put or would you rather be un employed as a result of not helping?
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
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yes and the curreny crisis even effects you, so your government is doing its bit too stop it effecting you. so i dont get the consiparecy / problem in what you've put or would you rather be un employed as a result of not helping?
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
Simon_Whale wrote:
or would you rather be un employed as a result of not helping?
This implies there is a shortage at a place that asks if they want fries with that...
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
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yes and the curreny crisis even effects you, so your government is doing its bit too stop it effecting you. so i dont get the consiparecy / problem in what you've put or would you rather be un employed as a result of not helping?
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
They are creating the currency crisis by flooding the world with new money, the world trying to bail out the world with inflation is not going to work. They are making the situation worse by trying to delay it.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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yes and the curreny crisis even effects you, so your government is doing its bit too stop it effecting you. so i dont get the consiparecy / problem in what you've put or would you rather be un employed as a result of not helping?
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
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They are creating the currency crisis by flooding the world with new money, the world trying to bail out the world with inflation is not going to work. They are making the situation worse by trying to delay it.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
i disagree.. if a country defaults on the payments then their credit rating fails, if it fails then the interest goes up if too many bond investors loose money they will be afraid to lend to countries. countries borrow money to function.. they can't borrow where would they get if from in the end.. the likes of the average man. making your life a misery!!!
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
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i disagree.. if a country defaults on the payments then their credit rating fails, if it fails then the interest goes up if too many bond investors loose money they will be afraid to lend to countries. countries borrow money to function.. they can't borrow where would they get if from in the end.. the likes of the average man. making your life a misery!!!
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
Simon_Whale wrote:
if a country defaults on the payments then their credit rating fails, if it fails then the interest goes up if too many bond investors loose money they will be afraid to lend to countries. countries borrow money to function.. they can't borrow where would they get if from in the end.. the likes of the average man. making your life a misery!!!
All of this is going to happen regardless, but much worse than what is would have been if the correction came sooner than later.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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Simon_Whale wrote:
if a country defaults on the payments then their credit rating fails, if it fails then the interest goes up if too many bond investors loose money they will be afraid to lend to countries. countries borrow money to function.. they can't borrow where would they get if from in the end.. the likes of the average man. making your life a misery!!!
All of this is going to happen regardless, but much worse than what is would have been if the correction came sooner than later.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
more than likely but i'd rather try to avert the problem.. and then fix it from happening again.. the human race has been most successful in learning from its mistakes, not from preventing them
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
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more than likely but i'd rather try to avert the problem.. and then fix it from happening again.. the human race has been most successful in learning from its mistakes, not from preventing them
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
Simon_Whale wrote:
and then fix it from happening again
So you wouldn't mind hyperinflation then? That is all this money creation leads to. There can be no recovery under these conditions, just temporary delays. The harder they try to delay the inevitable, the harder and longer the correction will be.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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Simon_Whale wrote:
and then fix it from happening again
So you wouldn't mind hyperinflation then? That is all this money creation leads to. There can be no recovery under these conditions, just temporary delays. The harder they try to delay the inevitable, the harder and longer the correction will be.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
so how would you fix this then? by ignoring the problem?
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
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so how would you fix this then? by ignoring the problem?
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
A handful of people in high places cannot "fix" the world's economies. The economy will fix itself, the economy is every person on the planet who trades goods and services. Each one of these people must react and adjust to the situation, according to his her own situation. The central banks and governments are simply trying to delay this to the best of their abilities, but they are also making the inevitable correction much more severe. In fact they are destroying the economies, the reset will be catastrophic due to their manipulation.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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A handful of people in high places cannot "fix" the world's economies. The economy will fix itself, the economy is every person on the planet who trades goods and services. Each one of these people must react and adjust to the situation, according to his her own situation. The central banks and governments are simply trying to delay this to the best of their abilities, but they are also making the inevitable correction much more severe. In fact they are destroying the economies, the reset will be catastrophic due to their manipulation.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
yes we can't change it personaly, but in your opinion how would or do you think it could be "fixed"
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
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Simon_Whale wrote:
Do you understand the implications if Greece goes bankrupt?
Greek already is bankrupt, that is why they are getting bailed out. This is only going to cause a currency crisis. The world is bailing out the world, everybody is going to be hit by this. You can't do this without serious consequences. It only delays the inevitable, and makes the situation worse in the long run.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
CaptainSeeSharp wrote:
Greek already is bankrupt
O.K. What are the implications of Greece's bankruptcy, then?
CaptainSeeSharp wrote:
The world is bailing out the world
The IMF's contribution to the EU rescue fund is $250 billion (of which the USA's share is $50b). To put this into perspective, European companies wrote off over $380b in bad debt last year.
CaptainSeeSharp wrote:
everybody is going to be hit by this.
And what will be the nature of those hits?
CaptainSeeSharp wrote:
You can't do this without serious consequences.
And what will be the nature of these consequences?
CaptainSeeSharp wrote:
It only delays the inevitable
The inevitable what?
CaptainSeeSharp wrote:
and makes the situation worse in the long run
Exactly how?
Bob Emmett CSS: I don't intend to be a technical writing, I intend to be a software engineer.
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Simon_Whale wrote:
and then fix it from happening again
So you wouldn't mind hyperinflation then? That is all this money creation leads to. There can be no recovery under these conditions, just temporary delays. The harder they try to delay the inevitable, the harder and longer the correction will be.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
CaptainSeeSharp wrote:
That is all this money creation leads to.
Unless ...? What other factors may come into play?
CaptainSeeSharp wrote:
There can be no recovery under these conditions, just temporary delays.
Why?
CaptainSeeSharp wrote:
The harder they try to delay the inevitable
The inevitable what?
CaptainSeeSharp wrote:
the harder and longer the correction will be.
Correction of what?
Bob Emmett CSS: I don't intend to be a technical writing, I intend to be a software engineer.
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A handful of people in high places cannot "fix" the world's economies. The economy will fix itself, the economy is every person on the planet who trades goods and services. Each one of these people must react and adjust to the situation, according to his her own situation. The central banks and governments are simply trying to delay this to the best of their abilities, but they are also making the inevitable correction much more severe. In fact they are destroying the economies, the reset will be catastrophic due to their manipulation.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
CaptainSeeSharp wrote:
The economy will fix itself
Much as 'water will find its own level'. But 'people in high places' decree that canals, drains, irrigation systems, reservoirs, dams, dykes, etc. are built. Sometimes with unintended consequences, true, but generally to the benefit of mankind.
CaptainSeeSharp wrote:
the reset will be catastrophic due to their manipulation.
Why? The impact of letting the world's economy fix itself. The impact of letting the world's economy fix itself after the intervention. Compare and contrast. You are merely parroting what you have read. You understand nothing.
Bob Emmett CSS: I don't intend to be a technical writing, I intend to be a software engineer.
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yes we can't change it personaly, but in your opinion how would or do you think it could be "fixed"
Marc Clifton wrote:
That has nothing to do with VB. - Oh crap. I just defended VB!
Simon_Whale wrote:
but in your opinion how would or do you think it could be "fixed"
Stop the printing presses, cut taxes and government spending to next to nothing, and let the market free. After the correction we would see a new age of prosperity. Government and central banks are the root cause of the current financial collapse, watch them come out with a new "global system" that will save us all.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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Simon_Whale wrote:
but in your opinion how would or do you think it could be "fixed"
Stop the printing presses, cut taxes and government spending to next to nothing, and let the market free. After the correction we would see a new age of prosperity. Government and central banks are the root cause of the current financial collapse, watch them come out with a new "global system" that will save us all.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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Simon_Whale wrote:
but in your opinion how would or do you think it could be "fixed"
Stop the printing presses, cut taxes and government spending to next to nothing, and let the market free. After the correction we would see a new age of prosperity. Government and central banks are the root cause of the current financial collapse, watch them come out with a new "global system" that will save us all.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
CaptainSeeSharp wrote:
and let the market free
except for regulating it with laws, which isn't really a free market.
CaptainSeeSharp wrote:
After the correction we would see a new age of prosperity.
For the companies. They'd send all their labor to 3rd world nations, begin collusion schemes to make sure that they wouldn't have to lower prices and continue to make the rich richer.
CaptainSeeSharp wrote:
Government and central banks are the root cause of the current financial collapse,
Funny, I thought that was because the governments allowed the banks to use the capital of their clients to make investments. With insured money to use for investments, there was no risk whatsoever on the bank's parts and so they made HORRIBLE investments expecting to make a ton if they panned out and the governments to pay if they failed. Of course if the government isn't insuring the banks then the moment a bank executive decides to have some fun and embezzles a ton of money then there are a bunch of burned people. But hey, that can't be right, that means a free market attempted to cheat. They'd never try to cheat.
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.