Britain: the Euro could not last

[crankthskunk]

Bravo,

Why India was very very poor in the recent past? Because they had closed Economy, having high import duties on imported goods and bureaucratic nightmare to establish business for international companies, to give protections to its local industry.

What you see in TATA or other companies now worth trillions are in current strong position because initially they had government protections for decades. It gave them time to establish themselves without facing the international competition. What Indian companies were producing was junk, like that ugly looking car, built on 50s British obsolete plant bought by the Indians.

India only started to flourish because it opened up its economy. What progress you are seeing now it is because of removing draconian trade regime adopted by the Indians for 4 decades.

Do you want India to go back to the dark days of import restrictions? You think others wouldnt respond and hit back at India by slapping duties and other measures on Indian goods and services?

 

[crankthskunk]

There was an article on WSJ blog on 6th June written after meeting of 5 Economists from around the world. All 5 agreed QE3 is coming by the end of this year.

The jest of the discussion was QE2 has wear off, those $9trillion dollars given by the FED to the banks are gone, new liquidity crisis is approaching, time for FED to print more money as off balance sheet item and hand it over to the commercial banks. It is becoming a habit of the banks now, we are insolvent, FED please print more money, or else, we declare bankruptcy and the US economy goes tits up.

Ed Yardeni, who was there, had this little insider snippet for readers of his daily newsletter (emphasis is MarketBeats):
The conversations were spirited with lots of debates. The consensus was quite pessimistic about the outlook for the US and global economies.
Everyone seemed to agree that the Fed would most likely leave the federal funds rate at zero for a long time and that a third round of quantitative easing is likely later this year. David Blanchflower, who is a former member of the MPC of the BoE, is in favor of QE-3.0. The rest of us were against it. Most agreed that it would probably boost stock and commodity prices again, though not as much as QE-2.0.
http://blogs.wsj.com/marketbeat/2011/06/06/five-out-of-five-pessimists-agree-qe3-is-coming/

 

[Unicorn]

Bravo,

Why India was very very poor in the recent past? Because they had closed Economy, having high import duties on imported goods and bureaucratic nightmare to establish business for international companies, to give protections to its local industry.

What you see in TATA or other companies now worth trillions are in current strong position because initially they had government protections for decades. It gave them time to establish themselves without facing the international competition. What Indian companies were producing was junk, like that ugly looking car, built on 50s British obsolete plant bought by the Indians.

India only started to flourish because it opened up its economy. What progress you are seeing now it is because of removing draconian trade regime adopted by the Indians for 4 decades.

Do you want India to go back to the dark days of import restrictions? You think others wouldnt respond and hit back at India by slapping duties and other measures on Indian goods and services?

You are absolute right. Not only big companies but small entrepreneurs did very well. Their hands were tied by the Govt. My uncle is in electroplating business. He was barely surviving in the business he had to suck up to bureaucrats and keep them happy to get the business quality meant nothing. His business in last 15 years have grown ten folds his two sons are educated in Germany in the field of electroplating now they are also producing electroplating supplies.

 

[Raaz]

So the whole state of the financial affairs of Europe and USA reflects that every inch of them is in bloody clutches of Bankers' debt. And all the Banks belong to six to seven Jewish families. The bread and breath of common innocent western people is in their paws. These bloody Zionist are so shamelessly ruthless that they are enemies of humanity. For them all the "gentiles" are born to serve these Jews "most beloved people of God".

How ironically true is the statement by a Zionist Banker (Perhaps David Rockerfeller) that "give me the control of currency and I don't care who makes the policies and governs the world".

So they finally had it. (clap)

(hmm) Euro is under controlled demolition and so is in the case of Dollar?

(hmm) Now they shall come up with a new currency, set its value, and form the new rules of Game? The NWO is now not in the offing but creeping bloody near. Yeah get ready for Bloody New World Order.

(hmm) But Allah (SWT) is best of the Planners..........................................Never forget:)

No more fake currency will work.

How long they could go on fake and loan.

The whole econmy of world is on credit.

How log a person could survive on credit.

The natural thing is a man spend today ,what he earned and saved yesterday or the atleast a minute back.

so the system is failing down. and lots of people living on credit has to die.

And a new system will start ultimately.

 

[GeoG]

What a pity that we can't be happy on these news either. but one thing is true about the dollar....if dollar depreciates...so would our debts... so better to wait and see what the time brings for us....definitely it would be something very very nice....

On the contrary, we must pray for Dollar appreciation as a good percentage of our loan is in other currencies and strength of Dollar will mean reduced amount in other currencies. Exchange rate of Dollar vs Pak Rupees is in our Governments control so if they ever want to retire expensive loans, they can manipulate the market for a favorable sweep from open market.

 

[Wadaich]

No more fake currency will work.

How long they could go on fake and loan.

The whole econmy of world is on credit.

How log a person could survive on credit.

The natural thing is a man spend today ,what he earned and saved yesterday or the atleast a minute back.

so the system is failing down. and lots of people living on credit has to die.

And a new system will start ultimately.

What is the new System?

 

[Raaz]

What is the new System?

It will be cleared after world war.

After so much people living on credit ( Udhar) , definitely a war will come out, when the people who landed this money from the borrowers , there is no other way that they will start war. because they could not pay.

And after this war , the winner will make new rules. what ever suits to him.

I guess so , I am not economist , but it seem to be very clear to me , I dont know why.

 

[crankthskunk]

Euro's last rites read by Nigel Farage

Funeral of Euro, Burial of Euro by Nigel Farage; Greece is going down so is Euro, next, Spain, Portugal, Italy, etc.


http://www.youtube.com/watch?v=SAH3hpCdthw&feature=player_embedded