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European Union

Discussion in 'Men's Economics' started by Michael Scally MD, Sep 25, 2011.

  1. Michael Scally MD

    Michael Scally MD Doctor of Medicine

    Re: Contagion

    Merkel May Be Persuaded On Euro Debt-Sharing Compromise
    Merkel May Be Persuaded on Euro Debt-Sharing Compromise - Bloomberg

     
  2. Michael Scally MD

    Michael Scally MD Doctor of Medicine

    Re: Contagion

    Central Banker Calls Euro Zone Structure ‘Unsustainable’
    http://www.nytimes.com/2012/06/01/b...in-access-to-european-central-bank-loans.html

     
  3. Michael Scally MD

    Michael Scally MD Doctor of Medicine

    Re: Contagion

    Remarks at the Festival of Economics, Trento Italy
    Remarks at the Festival of Economics, Trento Italy | George Soros

     
    Last edited: Jun 3, 2012
  4. LW64

    LW64 Member

    Re: Contagion

    Good to see someone following this. As I understand it, Europe is bankrupt and all we're watching now is shuffling deck chairs on the Titanic. And the only difference between Europe and Asia and the US is that they're at the stem and we're at the stern.
     
  5. Michael Scally MD

    Michael Scally MD Doctor of Medicine

  6. Michael Scally MD

    Michael Scally MD Doctor of Medicine

  7. Michael Scally MD

    Michael Scally MD Doctor of Medicine

  8. Michael Scally MD

    Michael Scally MD Doctor of Medicine

  9. Michael Scally MD

    Michael Scally MD Doctor of Medicine

    Re: Contagion

    [ame=http://video.google.com/videoplay?docid=-515319560256183936&hl=en]The Money Masters - How International Bankers Gained Control of America[/ame]
     
  10. Michael Scally MD

    Michael Scally MD Doctor of Medicine

    Re: Contagion

    [ame=http://www.youtube.com/watch?v=i2S9nPWwjX4]George Soros remarks at the Festival of Economics in Trento, Italy on June 2, 2012. - YouTube[/ame]
     
  11. Michael Scally MD

    Michael Scally MD Doctor of Medicine

  12. james2012

    james2012 Member

    Re: Contagion

    I honestly wish this were true, but it won't happen. Europe is going down. The ECB is exposed in Greece and any run on the banks there (a minor one recently happened) will expose the ECB as no controls are in place to put a limit on how much Greeks can withdraw. Add in Spain, Portugal, and Italy and you have an even bigger problem. Until these controls are put it and triggers created in the software then the ECB is exposed. As this will require a great deal of negotiating and voting I don't see it happening. The EU is the epitomy of big government. It is so huge that to get anything done is very, very difficult. Climb up the latter to the UN where the bureaucracy is even greater and one does not need to scratch their heads as to why they are still attempting to define 'genocide' instead of dealing with what in happening in the Sudan. And that is just the beginning of the crazy.

    Until the austerity measures are enacted, the can will be kicked down the road until nationalism takes over in most of the EU countries and then it's every country for itself. The experiment will fail at that point. The EU will end or drastically shrink.

    And hit the rest of the world economy in the process.
     
  13. Michael Scally MD

    Michael Scally MD Doctor of Medicine

    Re: Contagion

    The Tragedy of the European Union and How to Resolve It
    The Tragedy of the European Union and How to Resolve It by George Soros | The New York Review of Books

     
    Last edited: Sep 9, 2012
  14. Michael Scally MD

    Michael Scally MD Doctor of Medicine

  15. Michael Scally MD

    Michael Scally MD Doctor of Medicine

    Re: Contagion

    [ame=http://www.youtube.com/watch?v=UDCRgqspmyU]25S crónica 2 25 septiembre 2012 - YouTube[/ame]
     
  16. Michael Scally MD

    Michael Scally MD Doctor of Medicine

    Re: Contagion

    [ame=http://www.youtube.com/watch?v=GTQnarzmTOc]Fight of the Century: Keynes vs. Hayek Round Two - YouTube[/ame]
     
  17. Donzi

    Donzi Member

    Re: Contagion


    In re guards to ur more of the same. Looking back the Euro crisis is more or less a result of the US 2008 problems. I have been in the trades since 1999 here in Chicago. Not 2 get lost in Politics but Bush's speech Every American must own a home was the straw that broke the camel's back. The banking reform at the time was trash. Sub Prime Loans - Fuck. I saw a Undocumented 27 yr old female with 4 kids secure a loan for a 270,000 home with no ID and faxed check stubs. Take that time a few million - change the variables and people like us suffer with slow recovery growth and next to zero equity in R homes.
     
    Last edited by a moderator: Oct 2, 2012
  18. Michael Scally MD

    Michael Scally MD Doctor of Medicine

  19. Michael Scally MD

    Michael Scally MD Doctor of Medicine

  20. Michael Scally MD

    Michael Scally MD Doctor of Medicine

    Re: Contagion

    Mark Carney: Finance’s new statesman
    Regulators have regained their reformist muscle in the shape of Mark Carney, Bank of Canada governor and chairman of the Financial Stability Board. In a wide-ranging interview, Carney talks about recent banking scandals, the Volcker Rule, and why fears about Basle III are wide of the mark.
    Euromoney – International banking finance and capital markets news and analysis