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Britain Suffers as a Bystander to Eurocrisis


questionmark

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So far, every time the Euro tanks commodities, including oil and gold, tank with it. No indication that this will change soon. In fact, Europe seems the last reliable market left for commodity traders.

Its strange to see what going on in commodities. usually the stock market go's up while commodities go down. maybe its the new in the E.U. and the reports on the Chinese economy.

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Yes it is going to go from one extreme to another, the public in these countries have had years of being 'takers' from the EU and having benefits their countries wouldn't have been able to do on it's own. Now they are at the other extreme were they are being forced to stop spending and having very reduced powers over their own budgets. When this is truly felt at ground level I am pretty sure the Euro will not feel as 'wonderful' as it was.

Lets face who is going to hate being given money? Except now their isn't any to give.

Well lets hope the E.U. can work this out. its kinda like what the U.S. was in, in 2008. the problem now is that there are many more banks involved in the E.U. the there was in the U.S., so I think its going take a little longer.

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Unelected Marxist EU head Barosso, after decades of acquiring power only to watch his visions fail has finally decided that if he cannot get his hands on the money to allow Greeks to drive BMWs like the Germans, he will take it from those who have it via “Robin Hood” tax on bank transactions. In other words, you and I.

He assumes, as all Marxists do, that all money is evil unless it is in their hands. He assumes that banks generate their profits from thin air (central banks under socialist control actually do, I’ll give him that) and that any cost will not passed straight on to us, the customers.

On the day when German politicians voted for more of the same failure, despite the wishes of their electorate to call it a day and stop the sheer idiocy of throwing their hard earned money at the profligate backers of melon farmers, the EU decided that what they needed instead of a bucket full of holes was a LARGER bucket full of holes, bailing madly whilst the Titanic gently slips beneath the waves. Taxes, more taxes, more taxes, yes, that will save us all.

It can’t go on much longer because there simply isn’t the will to keep bailing. Sure, Politicians love it, bankers love it and 24 hour media loves it, but eventually it will dawn on the millions of people who actually DO work for a living that 73 per cent income tax is nothing more than State slavery, no matter how much it is dressed up with tax credits and child benefit refunds.

The great German Political dream to dominate Europe could once again bankrupt their nation because although wars are expensive, endlessly printing money instead of simply invading with an army never ends well. Especially when the Germans do it.

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Unelected Marxist EU head Barosso, after decades of acquiring power only to watch his visions fail has finally decided that if he cannot get his hands on the money to allow Greeks to drive BMWs like the Germans, he will take it from those who have it via “Robin Hood” tax on bank transactions. In other words, you and I.

He assumes, as all Marxists do, that all money is evil unless it is in their hands. He assumes that banks generate their profits from thin air (central banks under socialist control actually do, I’ll give him that) and that any cost will not passed straight on to us, the customers.

On the day when German politicians voted for more of the same failure, despite the wishes of their electorate to call it a day and stop the sheer idiocy of throwing their hard earned money at the profligate backers of melon farmers, the EU decided that what they needed instead of a bucket full of holes was a LARGER bucket full of holes, bailing madly whilst the Titanic gently slips beneath the waves. Taxes, more taxes, more taxes, yes, that will save us all.

It can’t go on much longer because there simply isn’t the will to keep bailing. Sure, Politicians love it, bankers love it and 24 hour media loves it, but eventually it will dawn on the millions of people who actually DO work for a living that 73 per cent income tax is nothing more than State slavery, no matter how much it is dressed up with tax credits and child benefit refunds.

The great German Political dream to dominate Europe could once again bankrupt their nation because although wars are expensive, endlessly printing money instead of simply invading with an army never ends well. Especially when the Germans do it.

So you actually think that its healthy for fund managers to buy and sell stocks/commodities and currency for seconds at a time - it adds real value to the economy and helps to stabalise the economy??

Its Marxist to attempt to slow the computerised betting down a bit and take some of the ficticious money back into the real economy.

You really bought the dream.

Br Cornelius

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So you actually think that its healthy for fund managers to buy and sell stocks/commodities and currency for seconds at a time - it adds real value to the economy and helps to stabalise the economy??

Its Marxist to attempt to slow the computerised betting down a bit and take some of the ficticious money back into the real economy.

You really bought the dream.

Br Cornelius

Now wait, I demand my democratic right to make something out of nothing and have others pay for it! Don't you dare to take that away!

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So you actually think that its healthy for fund managers to buy and sell stocks/commodities and currency for seconds at a time - it adds real value to the economy and helps to stabalise the economy??

Its Marxist to attempt to slow the computerised betting down a bit and take some of the ficticious money back into the real economy.

You really bought the dream.

Br Cornelius

You lack of knowledge on the matter really shows. the person that losses on these short term trades are the specialists and other traders. I could get into the many strategies that I used, but why waste my time.

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Now wait, I demand my democratic right to make something out of nothing and have others pay for it! Don't you dare to take that away!

That would be the E.U. :P

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You lack of knowledge on the matter really shows. the person that losses on these short term trades are the specialists and other traders. I could get into the many strategies that I used, but why waste my time.

If a stock/currency/commodity is a good buy then its a good buy for days/week/months/years because the fundamentals of it are sound. So why buy and sell in less than a day ??

Why and how do irrational speculative bubbles grow when investments are made for sound business reasons and long term gains ?

Please explain it to me because your map of reality and reality don't seem to coincide.

Br Cornelius

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That would be the E.U. :P

Sorry, I was thinking more about the revolving doors in the "Bastions of Democracy".

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If a stock/currency/commodity is a good buy then its a good buy for days/week/months/years because the fundamentals of it are sound. So why buy and sell in less than a day ??

Why and how do irrational speculative bubbles grow when investments are made for sound business reasons and long term gains ?

Please explain it to me because your map of reality and reality don't seem to coincide.

Br Cornelius

No, its a good buy when you make money, it could be seconds, hours, days, months, years. fundamental investors lokk at the balance sheet ect, but technical investors look at the the emotions of the market and use things like chart patterns and quantitative analysis. technical investors also sell short, and use contracts. George Soros was a great technical investors as apposed to Warren Buffet who is a great fundamental investor. "irrational speculative bubbles" happen like any other bubble stocks, real-estate, the .com bubble all caused by the emotions of greed.

Sorry, I was thinking more about the revolving doors in the "Bastions of Democracy".

I was joking Questionmark.

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No, its a good buy when you make money, it could be seconds, hours, days, months, years. fundamental investors lokk at the balance sheet ect, but technical investors look at the the emotions of the market and use things like chart patterns and quantitative analysis. technical investors also sell short, and use contracts. George Soros was a great technical investors as apposed to Warren Buffet who is a great fundamental investor. "irrational speculative bubbles" happen like any other bubble stocks, real-estate, the .com bubble all caused by the emotions of greed.

As I said - betting and draining real value from the economy.

That is what the Robin Hood tax is designed to clamp down on.

Speculative market trading is not Capitalism - it is betting - pure and simple.

Its parasitic on the real productive economy and is one of the specific reasons why the world economy is in the terrible mess it currently is in.

Maybe you should go and re-read your Adam Smith to learn what Capitalism is supposed to be all about.

I suppose if thats the way you made your money - then its no surprise that you would defend it - no matter how illegitimate.

Br Cornelius

Edited by Guest
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No, its a good buy when you make money, it could be seconds, hours, days, months, years. fundamental investors lokk at the balance sheet ect, but technical investors look at the the emotions of the market and use things like chart patterns and quantitative analysis. technical investors also sell short, and use contracts. George Soros was a great technical investors as apposed to Warren Buffet who is a great fundamental investor. "irrational speculative bubbles" happen like any other bubble stocks, real-estate, the .com bubble all caused by the emotions of greed.

I was joking Questionmark.

I know, but I just can't went my anger enough at that "money for nothing" scheme to "save the banks" which turned out to be the the grand scheme to save the bank manager's bonuses at the expense of all.

And sorry, I can't quite agree that it should be right to sell something to benefit almost exclusively by the raise in price your own purchase has created. In another context we call that "insider trading" . If it is done with a computer funnily not.

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in related news:

(Reuters) - Britain and France clashed over credit ratings on Friday, adding to tensions that erupted over British Prime Minister David Cameron's veto of a treaty on euro zone fiscal integration.

Britain's Deputy Prime Minister Nick Clegg told French Prime Minister Francois Fillon French criticism of the British economy was unacceptable and called for a cooling of the rhetoric.

World Bank President Robert Zoellick said he was "deeply troubled" by exchanges between Britain and France over resolving the euro zone debt crisis.

Read more

Guess now we are really screwed...pot and kettle using a racial derogatory at each other...

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As I said - betting and draining real value from the economy.

That is what the Robin Hood tax is designed to clamp down on.

thats like saying I'm not going to use coupons when I go grocery shopping. the money is comming from the specialists on the NYSE in the U.S.

Speculative market trading is not Capitalism - it is betting - pure and simple.

Capital markets are open markets that let people buy, sell and hold any time they like and at prices they like.

Its parasitic on the real productive economy and is one of the specific reasons why the world economy is in the terrible mess it currently is in.

So traders that take money from equity traders, hedge funds managers and NYSE bookholders caused people to buy houses they couldn't afford, made banks lend money with no money down, deregulated since Carter, made rates at 1%

Maybe you should go and re-read your Adam Smith to learn what Capitalism is supposed to be all about.

I suppose if thats the way you made your money - then its no surprise that you would defend it - no matter how illegitimate.

Br Cornelius

Maybe you should educate yourself on this subject and learn how things work before you post your OPINIONS that you try to push off as facts. you are clueless as to the world of U.S. trading. how can you call it "illegitimate" if you are clueless as to how it works? ignorance thats how!

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thats like saying I'm not going to use coupons when I go grocery shopping. the money is comming from the specialists on the NYSE in the U.S.

Capital markets are open markets that let people buy, sell and hold any time they like and at prices they like.

So traders that take money from equity traders, hedge funds managers and NYSE bookholders caused people to buy houses they couldn't afford, made banks lend money with no money down, deregulated since Carter, made rates at 1%

Maybe you should educate yourself on this subject and learn how things work before you post your OPINIONS that you try to push off as facts. you are clueless as to the world of U.S. trading. how can you call it "illegitimate" if you are clueless as to how it works? ignorance thats how!

I think it is you who are clueless or delusional.

You still haven't actually addressed the issue of short term trading and how it actually adds value to the economy - rather than devaluing the actual money supply.

The housing bubble was only one small part of th last crisis - and it was facilitated by trading of derivitives on short term trading markets. If the markets hadn't have created the illusion of risk free lending (by hiding the risk) the subprime market would have never grown out of control.

You confuse the effect with the cause - because you really don't have a clue about the real purpose of money and investment.

Br Cornelius

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I think it is you who are clueless or delusional.

I traded stocks for awile, learned the game, language, the rules and who I was up against, yet your telling me how its done and at the sametime make these assertions of what its all about.

You still haven't actually addressed the issue of short term trading and how it actually adds value to the economy - rather than devaluing the actual money supply.

It doesn't have any effect!!! either the trader losses or the specialists does!!!

The housing bubble was only one small part of th last crisis - and it was facilitated by trading of derivitives on short term trading markets. If the markets hadn't have created the illusion of risk free lending (by hiding the risk) the subprime market would have never grown out of control.

LMAO the whole thing was based on realestate and credit!!

You confuse the effect with the cause - because you really don't have a clue about the real purpose of money and investment.

Br Cornelius

You try to believe in a world that doesn't exist and try to find things to try and validate it and then attack those that question it with facts and the reality. you don't even know the differance between investing and trading.

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Weak economic growth throughout Europe now hurts Ireland and it's recovery.

The Republic of Ireland's economy shrank by almost 2% in the third quarter of 2011, compared with growth of 1.4% in the previous quarter.

Now this is a shame because Ireland really has been doing well since the bailout.

The figures were published as the International Monetary Fund (IMF) warned about the knock-on effect of weak economic growth outside Ireland.

BBC

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Weak economic growth throughout Europe now hurts Ireland and it's recovery.

Now this is a shame because Ireland really has been doing well since the bailout.

BBC

And this is for the same reasons that any failure in Europe will hit the UK just as hard.

You better pray for a good year in Europe for all our sakes.

Br Cornelius

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And this is for the same reasons that any failure in Europe will hit the UK just as hard.

You better pray for a good year in Europe for all our sakes.

Br Cornelius

I have always hoped for a solution, however it looks increasingly unlikely. Credit agency Fitch now believes a solution "is technically and politically out of reach".

Damage limitation now comes to mind and I wonder when countries will start.

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I have always hoped for a solution, however it looks increasingly unlikely. Credit agency Fitch now believes a solution "is technically and politically out of reach".

Damage limitation now comes to mind and I wonder when countries will start.

The real problem is that the issues are really systemic to a globalised economy and no-one want to grasp the nettle of how to solve them on a global level.

The IMF is looking after its own in the banking investment sector and so fundamentally slowing progress towards a systematic analysis of the real issues driving the various crisis.

I suspect the whole **** heap will be around our ankles before anyone has the guts to look at the fundamentals which leave us in the same crisis situation every 60yrs or so.

We are living in interesting times indeed.

Br Cornelius

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I have always hoped for a solution, however it looks increasingly unlikely. Credit agency Fitch now believes a solution "is technically and politically out of reach".

Damage limitation now comes to mind and I wonder when countries will start.

If you have not noticed some have already started by not letting their central bank print unwarranted money, fortifying customer owned savings and loans instead of publicly traded banks, cutting their budgets and doing all possible to fortify their exports.

While that everybody keeps staring at Fitch and Moodys and listening to "Investor shows" that have not noticed either.

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I think what is certain here is we will not find stability by pandering to the irrational mood swings of the short term traders - that way doom lies.

Br Cornelius

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