Board index ‹ Vancouver Forum

[Matlock1]

We are still watching Europe,....nothing is happening....Matlock you are an idiot

Nothing happening? You're going to be shocked!

Watch Europe and avoid the surprises.

[Gary Oak]

it would help if you had some or at least any reasoning behind your conclusions

[Gary Oak]

Well here's an interesting article on Europe written by someone who actually knows what he is talking about unlike sources like Matlock

The Truth About Europe: There Is No Solution

Posted by: Soren Dreier
The Truth About Europe: There Is No Solution

I like that title, The Truth About Europe: There Is No Solution. But I don’t think it can all be summed up, the reasons why I mean, in one article. So I think I’ll make it a running series. Still, whatever data we can look at, past, present and future, none of it will make an essential difference. The title stands: There Is No Solution For Europe. Period. All I can do is keep pointing to news and stats and data that confirm that. All of them do, so that should make it a lot easier, even if most voices out there never tire from pointing out the opposite.

Nor do I need to limit my topic to Europe; it’s not as if the US, or Australia, or any other industrialized country, has any other fate to look forward to. This global debt deflation is truly global, the only thing that differs is the exact time the hammer comes down. Maybe those people are best off who never had much, though they will be sure to be squeezed ever harder by us, the declining rich.

On our travels, we repeatedly met/meet people who claim that “there is always a solution”. I think that notion keeps people from understanding crucial issues, it looks more like a faith-based point of view to me than a realistic or scientific one. And no, for Europe there is no solution. In the same way that there is none for global debt deflation (keep an eye on that one!) in general. The latter is quite simply the former writ large.

[Gary Oak]

It’s like people saying that if you’re not part of the solution, you’re part of the problem. Sounds cute, but it’s not exactly helpful when there are no solutions available. May be we should all be fed quantum mechanics in grade one, just so we understand the folly of “there is always a solution”. I digress.

Well, then again, of course, everything will be “solved” one way or another in the sense that the sun will rise again tomorrow in various places (others will be cloudy on any given day) , i.e. time will run its course and something will come out of all this. That’s a kind of solution too. But there won’t be some clever man-made scheme that makes all the bad things go away. It simply doesn’t work like that. Not this time, if ever. The ECB or IMF or Bernanke or whoever will not be able to stop the financial rut. The issue is more that they ain’t even trying, but manage to make people believe they are.

What they can and will all do, however, is make everything worse. Much worse. For the man in the street.

Who is being told that he needs to have his wages and pensions cut and lose his home so the economy can recover. While his sparse remaining wealth is transferred to bankrupt financial institutions.

The future European situation, from the point of view of the man in the street, could be mitigated, made better, improved, enormously, though two simple measures. Which will not be executed. Because those who make the decisions don’t do so with the man in the street in mind. Quite the contrary. But still.

First, the ECB and the troika it represents (which all represent the financial institutions, but that’s another story) could treat their own claims on Greece – and, eventually – Spain, Italy etc., like they insisted private creditors’ claims were treated. That is, take a 50-70-90% haircut on those claims. That would give Greece a lot of breathing space. And Spain too. Not even considered.

But much more than that, Europe should restructure its banks. And not in the way Spain tries to do with Bankia, by pumping $20-odd trillion into it. How that was ever labeled “restructuring” is beyond me, frankly. No, banks should be restructured in the “old fashioned” sense. Put their books on the table out in the open, see what debts there are, what assets, what liabilities, and if the ultimate count is negative, let it go under. Simple. Shave creditors, save depositors.

Europe, like America, could have used all those trillions in bailout money to guarantee their citizens deposits. Instead, both have opted to guarantee their banks’ losses. A clear and simple choice. But also one that just about nobody seems to have understood.

There are tons of people, I read and hear them every day, who think that the extend and pretend phase can last for years more. After all, they argue, it’s already lasted for four or five.

They miss the point. Or A point, a big one.

Which is that if and when bankrupt financial institutions (and they are bankrupt, or they wouldn’t have needed those trillions) are saved with our money, there is a direct claim on our wealth. And even more importantly, there is a claim on our future earning power. Those trillions will have to be earned back, after all..

[ConanDoyle]

watch what he said about Spain's troubles..

[Michael McAdam]

Let's watch Europe:

[Matlock1]

Let's watch Europe:

Good idea Mickey. Convince you dumb friends to do the same ... ok? Get busy with that.

[ConanDoyle]

are you watching, FatMary

[Matlock1]

Prepare to be surprised you stupid, lonely ignoramus.

China is a sideshow ... watch Europe!

[ConanDoyle]

anything yet...thunderThighs

[Matlock1]

are you watching, FatMary

I've been watching for a long time ... years in fact. You should too, you might learn something. Don't be afraid Docboy, real knowledge, as opposed to lies and bullshit, is enlightening.

[Gary Oak]

The tell us what you have learned then Fatlock Surely if youi have learned something then you can tell us

[ConanDoyle]

anything yet...thunderThighs

post what you know FatBoy....something, anything-aw nothing

[cc la tarte]

"watch Europe!" ....... I do every day. Here's what I observed TODAY

Al Jizzera :

"Spanish banks hit with new credit downgrades"

"Cyprus asks EU for financial bailout"

Tomorrow??

[ConanDoyle]

[GranpaP]

Here is what I've seen: Air Transat.

Montreal - Athens: $45

Montreal - Rome: $99

Perfect for that dream vacation in Europe.

[evs]

http://www.abc.net.au/7.30/content/2012/s3527981.htm

[Matlock1]

anything yet...thunderThighs

post what you know FatBoy....something, anything-aw nothing

Watch Europe asshole.

[extralegs2000]

OK, let's watch Europe. I can tell you right now, Europe is blowing it, and blowing it big time. Specifically, Anders Breivik of Norway and his ilk have already blown it. They are done for. So are Geert Wilders and all those other 'Islam bashers'. My proof follows below. Here it is:
http://rubenelsinga.wordpress.com/2011/ ... of-europe/
EUROPE’S STATE OF DENIAL RINGS HOME, BREIVIK’S MASS MURDER AND THE IDEOLOGICAL VACUUM OF EUROPE

The unwillingness to accept internal faults and deal with them is what created an ideological vacuum in Europe where hollow messages about the invented almighty enemy of Islam rule. Breivik is a product of that world. It is Islam that rightwing leaders like Dutch politician Geert Wilders, who Breivik cited extensively in his manifest, keep as a scapegoat pet, against its will and without deserving it.

Islam and Muslims are not central to Europe’s problems. What is central to Europe and its problems is the majority of its people, the hollow white post-christian mass that makes up the empty heart of the continent. It is the lack of active dealing with ourselves, with what we really are, in what we believe, that leaves the vacuum at our heart.

It is a thread to that whirls around ‘the other’, around Islam, around Muslims. In the sixties we ‘invited’ ‘them muslims’ over. Some did invite them over just to work for us. Some invited them in as interesting exotic guests. Some invited them as ‘victims’ of the world. Some hadn’t invited them at all and saw them as unwelcome guests. Most though saw them as a solution or at least a distraction of our problems at home. As a solution to our laziness to do dirty jobs. As a solution to come clean with our post WorldWar II trauma’s and guilt. As an exotic solution to the bleakness of our monotonous societies.

‘They’ turned out not to be a solution though, and they only served as the vehicle that allowed us to deny our problems for a while. At some point ‘they’ stood up and manifested themselves, often as animals kept in too small a cage for too long: lashing out and using the only weapon they could fall back on, Islam.

there were no the good Europeans to be moulded after. The left merely assumed that the same dogma they whirled themselves in, but was essentially a lie, would also absorb the Muslims. It did not, the multicultural society faulted. The only thing that came in its place was a similarly dogmatic argument of the right to deny the left power and ‘Islam’ access to ‘their’ society altogether. With Dutch politician Geert Wilders as its main propagator, lone wolf Breivik found refuge in this ideology of denial

‘They’ could not be routed out, other than by mass murder or deportation, and therefore the call of war against Islam remained a hollow echo at home, whereas internationally the war was never to be won. That is the argument remained hollow untill Breivik stood up in Norway this weekend and filled the reactionary ideology with blood. With Breivik rightist Europe now feels called out on its empty reactionary dogma, as they called out the leftists during the last decade on their dogmatic denial of problems related to the new Muslim communities.

What remains is a hollow heart of Europe. With bloodstains spreading like a dangerous virus all over it. What Breivik has done in such a horrific way is to finally confront us Europeans with the most ugly side of ourselves. Breivik has brought Europe’s state of denial home. Breivik’s action shows us that blaming Muslims and their Islam for our problems only goes so far. And stops here and now. With the murder of 68 civilians Breivik has also killed Islam as a vehicle of denial for ourselves and our own problems. He has killed the scapegoat, his own argument of death. Now it is up to Europe to wake up and face up, not to the external enemy Islam, but to our problems within.

[Michael McAdam]

OK, let's watch Europe. I can tell you right now, Europe is blowing it, and blowing it big time. Specifically, Anders Breivik of Norway and his ilk have already blown it. They are done for. So are Geert Wilders and all those other 'Islam bashers'. My proof follows below. Here it is:
http://rubenelsinga.wordpress.com/2011/ ... of-europe/
EUROPE’S STATE OF DENIAL RINGS HOME, BREIVIK’S MASS MURDER AND THE IDEOLOGICAL VACUUM OF EUROPE

The unwillingness to accept internal faults and deal with them is what created an ideological vacuum in Europe where hollow messages about the invented almighty enemy of Islam rule. Breivik is a product of that world. It is Islam that rightwing leaders like Dutch politician Geert Wilders, who Breivik cited extensively in his manifest, keep as a scapegoat pet, against its will and without deserving it.

Islam and Muslims are not central to Europe’s problems. What is central to Europe and its problems is the majority of its people, the hollow white post-christian mass that makes up the empty heart of the continent. It is the lack of active dealing with ourselves, with what we really are, in what we believe, that leaves the vacuum at our heart.

.
.
.
What remains is a hollow heart of Europe. With bloodstains spreading like a dangerous virus all over it. What Breivik has done in such a horrific way is to finally confront us Europeans with the most ugly side of ourselves. Breivik has brought Europe’s state of denial home. Breivik’s action shows us that blaming Muslims and their Islam for our problems only goes so far. And stops here and now. With the murder of 68 civilians Breivik has also killed Islam as a vehicle of denial for ourselves and our own problems. He has killed the scapegoat, his own argument of death. Now it is up to Europe to wake up and face up, not to the external enemy Islam, but to our problems within.

It's always these damned LONE GUNMEN who act on their own... yea right?

[Gary Oak]

post what you know FatBoy....something, anything-aw nothing

Watch Europe asshole.

If Mary Fatlock actually had a rhyme or reason that we should all be WATCHING EUROPE ! then why is it he has in all these years of ordering everybody to WATCH EUROPE ! he has yet been unable to post any reason why we should WATCH EUROPE ! Mary Fatlocks lack of any explanation for why we should WATCH EUROPE ! added with his lack of brains,knowledge,education,decency etc...makes it impossible to take anything he says seriously

[Matlock1]

Watch Europe asshole.

If Mary Fatlock actually had a rhyme or reason that we should all be WATCHING EUROPE ! then why is it he has in all these years of ordering everybody to WATCH EUROPE ! he has yet been unable to post any reason why we should WATCH EUROPE ! Mary Fatlocks lack of any explanation for why we should WATCH EUROPE ! added with his lack of brains,knowledge,education,decency etc...makes it impossible to take anything he says seriously

Watch Europe!

[Gary Oak]

If Mary Fatlock actually had a rhyme or reason that we should all be WATCHING EUROPE ! then why is it he has in all these years of ordering everybody to WATCH EUROPE ! he has yet been unable to post any reason why we should WATCH EUROPE ! Mary Fatlocks lack of any explanation for why we should WATCH EUROPE ! added with his lack of brains,knowledge,education,decency etc...makes it impossible to take anything he says seriously

Watch Europe!

Apparently this is the deepest explanation Mary Fatlocks neanderthal brain is capable of It really isn't very convincing is it It seems fat all that's between Mary Fatlocks ears

[Matlock1]

Watch Europe!

Apparently this is the deepest explanation Mary Fatlocks neanderthal brain is capable of It really isn't very convincing is it It seems fat all that's between Mary Fatlocks ears

Not overly concerned with what you think Gary ... never really have been. Your opinions are just, well, opinions and pretty badly articulated ones at that. Too bad for you eh ..........

Nevertheless ...

... use your time productively (for a change) and watch Europe.

[cc la tarte]

"Not overly concerned with what you think Gary ... never really have been. Your opinions are just, well, opinions "

We are all clear on that as evidenced by your never posting about what he says ...... or something

[ConanDoyle]

ha ha ha

[ConanDoyle]

"Not overly concerned with what you think Gary ... never really have been. Your opinions are just, well, opinions "

We are all clear on that as evidenced by your never posting about what he says ...... or something

I like that Avatar better CC

[Hornung]

I guess many people on this thread are not watching Europe and the scandal going on with the British Banks rigging the interest rates that has its effects on European and foreign banks.
It is a big financial news story.

4 July 2012
Inconvenient truths about Libor

We may well see more heads roll at major banks before the scandal surrounding Libor is over. But some senior members of the international financial community are increasingly wondering about the future of Libor itself.

As one senior international regulator put it to me: "The benchmark is broken. It needs to be fixed. Or perhaps it will just go the way of the dodo. The world has changed."

That's because the scandal has shed light on an inconvenient truth about these interbank rates which are used to determine the price of so many hundreds of trillions of dollars worth of global financial contracts.
http://www.bbc.co.uk/news/business-your-money-18701623

[Gary Oak]

Did Whore Dung neglect to tell Canadian immigration about his true views on white people , natives and how he wants Chinese to take over Canada ?

[extralegs2000]

To CC:
Everything that you and Geert Wilders have tried to do--all your work--has been 'un-done' many times over by one Anders Behring Breivik. I would like to thank Mr. Breivik for this great service to us. Now, nobody--but nobody--is going to 'buy into' that paranoid, violent right-wing thinking. It has turned people AGAINST his cause.
Let's have that line again, about 'saving Europe from the barbarians'??? Let's hear it. Go on: Feed us the line. Geert Wilders' line. Now Wilders and other Islam-bashers are hard at work distancing themselves from Breivik, and simultaneously, Breivik is quoting them as his inspiration. As he claims closeness to them, they pull AWAY from him.
Too bad. You lose We win. Eat it.
Shocking, isn't it? That we Muslims did not do this. The problem is yours. Not mine. Bet you are wishing we did it. But we didn't. You did. Collectively. By spreading hate against Islam. This is the outcome. You have all contributed to this. Allah knows the exact extent of your responsibility and blame for this. He will hold you to account.
Your job is going to be much, much harder than mine: a thousand times harder at least. I just have to watch it unfold, and let the universe take its course; and perhaps pray. You, OTOH, have to stop something that is essentially unstoppable. We're winning
I think some good has emerged for us out of this Norwegian attack tragedy. Not that I would ever condone that horrible, frightful crime in the slightest. Plus I have a soft spot for sweet, innocent peaceful women and children
But it does mean that the opposers and haters of Islam have now become seriously discredited. This has most definitely, categorically, gone against them. Therefore our position is strengthened. Even the most virulent anti-immigration, anti-Islam parties in Europe are distancing themselves from this man. Even Geert Wilders has renounced him. Now that has taken the wind out of their sails. How can they oppose Islam, in the name of what moral authority? If that's what their culture is doing, then what do they think they're doing? Saving Europe from Islam? It's not going to fly.
Love to watch as the Opposition sinks its own ship!
Could someone please save us from our Saviours? They are in need of some restraint. We are in dire need of Salvation from them!
I have too much info to post, but here is one about how 'Eurabia' opponents scramble for distance from anti-Muslim murderer:
http://www.theglobeandmail.com/news/wor ... le2109447/
Every single attempt to discredit Islam and Muslims or to go against them, BACK-FIRES! And we just continue to get stronger.
Breivik is NOT the victor in this scenario, absolutely guaranteed. The Norwegian people will see to it. His vision of the future will not be Norway's. The Norwegians are moving towards greater tolerance as a direct result of this attack.
He played right into our hands, didn't he?
And if this isn't a creative use of the energy of jihad. Infidels doing in other infidels! We don't even have to do a darn thing; not even fire one round from our AK-47.
The fact that the victims were other Norwegians, whites, not immigrants or Muslims, makes them pay much greater attention. Now he has hurt some of their own, some of them! They can't ignore that. Nor can they blame Muslims for this one. If the dead were Muslims, they could say: "Who cares?" But they're not. They're ethnic Norwegians. If Muslims had been killed, the Muslim community MIGHT... have sought revenge (Though I sincerely hope not). But this way, not one of us is seeking retaliation. Why should we be?
Which way are the guns going to be pointed, now?? Who is the real enemy?
The whole World takes a good look at the beastly blond butcher of Norway. Everybody knows about that, now. We all watched it happen. This murderous madman has become the poster boy for the criticism of Islam.