Author Topic: Boom about to go Bust?  (Read 49490 times)

Toedancer

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Re: Boom about to go Bust?
« Reply #450 on: December 09, 2011, 08:00:57 PM »
Well it's only been how many hours and the whole thing is falling apart. The Telegraph is keeping updated. Latest headline -


EU Treaty: new EU plan 'abuses power', say lawyers
http://www.telegraph.co.uk/finance/financialcrisis/8946836/EU-Treaty-new-EU-plan-abuses-power-say-lawyers.html


EU treaty: David Cameron stands as the lone man of Europe
Eurozone banking system on the edge of collapse
Europe`s blithering idiots and their flim-flam treaty 
« Last Edit: December 09, 2011, 08:02:29 PM by Toedancer »
"Democracy is not the law of the majority, it's the protection of the minority." -Albert Camus 1913-1960

Toedancer

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Re: Boom about to go Bust?
« Reply #451 on: December 17, 2011, 11:53:18 AM »
Greece abounds in stories of people lugging suitcases of cash out of the country to banks in Cyprus, London and Switzerland.

http://www.guardian.co.uk/business/2011/dec/16/greeks-fearing-collapse-of-eurozone-bailout-pulled-record-sums-from-bank


Christine Lagarde says the whole world risks going into a 1930's Depression. Do you think that comparison is misplaced?
http://www.guardian.co.uk/business/2011/dec/15/imf-world-risks-1930s-style-slump
"Democracy is not the law of the majority, it's the protection of the minority." -Albert Camus 1913-1960

Boom Boom

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Re: Boom about to go Bust?
« Reply #452 on: December 17, 2011, 03:17:59 PM »

Christine Lagarde says the whole world risks going into a 1930's Depression. Do you think that comparison is misplaced?

Occupy the 1%!!!  :p
 
 
 
 
« Last Edit: December 17, 2011, 03:26:19 PM by Boom Boom »

Toedancer

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Re: Boom about to go Bust?
« Reply #453 on: December 23, 2011, 02:14:27 PM »
What the hell is going on now? Flaherty said Canada will put taxpayer money into the criminal org. the IMF!  http://www.cbc.ca/news/canada/story/2011/12/22/flaherty-imf-europe-fund.html


We're not even part of the EU. Was this what they agreed to in the last G20 meeting, if things get so desperate? And is Canada going to 'borrow' the money? Why announce this a couple of days before Xmas? There are already rumours to the south of us that a bank holiday could be declared in the first quarter, after everyone has spent money on useless junk for Xmas. Good Lord, there are no details and no one from F's dept. are answering reporters questions about it.
"Democracy is not the law of the majority, it's the protection of the minority." -Albert Camus 1913-1960

Boom Boom

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Re: Boom about to go Bust?
« Reply #454 on: December 23, 2011, 02:29:07 PM »
More deficit spending is what it amounts to. Until the national (accumulated) debt is paid off, as well as the yearly debt, spending like this is just nuts. I remember in the old days Conservatives frowned upon deficit spending. He should be taxing the most profitable corporations (oil and gas sector and the banks) to the hilt.
 
 
 
 
 
 
« Last Edit: December 23, 2011, 02:32:39 PM by Boom Boom »

Toedancer

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Re: Boom about to go Bust?
« Reply #455 on: December 28, 2011, 02:41:42 PM »
Thought I'd check when Bank of Canada made this decision. Altho we were notified in December, the decision was made Nov. 30th. All agreed by the central banks and the fed. Simply put, the Fed trades or swaps dollars for euros and has gone basically unnoticed. http://www.bankofcanada.ca/2011/11/notices/coordinated-central-bank-action/


Remember when Bernanke said no money from the fed and Flaherty said no money from taxpayers?

To add - "It's a mistake to pursue a United States of Europe" and "No one state can save the world on it's own"


From a der Spiegel interview with German Constitutional Court Judge  Udo Di Fabio
http://www.spiegel.de/international/germany/0,1518,805873,00.html

« Last Edit: December 28, 2011, 02:57:05 PM by Toedancer »
"Democracy is not the law of the majority, it's the protection of the minority." -Albert Camus 1913-1960

Toedancer

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Re: Boom about to go Bust?
« Reply #456 on: January 11, 2012, 10:09:07 PM »
Tomorrow marks the 100th year of the BreadnRoses march in Lawrence..
http://www.bostonglobe.com/metro/2012/01/11/bread-roses-strike-resonates-occupy-protests-over-income-inequality/7Y8vzzWSr1H48qIGlL4kKM/story.html
The first Occupy (in opinion)
Quote
“As we’ve seen people’s living standard erode over the last few years and more attention being paid to income inequality,’’ Forrant said, “that has led people to sort of investigate the role of the past and push for progress.’’

Not much has changed huh? And the bankrupt corrupt U.S. marches on tricking Americans into believing there is a dif between the twofer parties.
:confused
« Last Edit: January 11, 2012, 10:09:28 PM by Toedancer »
"Democracy is not the law of the majority, it's the protection of the minority." -Albert Camus 1913-1960

Toedancer

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Re: Boom about to go Bust?
« Reply #457 on: July 17, 2012, 08:46:23 PM »
Where the fuck is the outrage? Big Banks are nothing but Criminal Enterprises. No wonder the war on drugs never ends, its just too profitable! Most Canadians don't even know anything about the Bailout we gave to our Banks, how much risk the CMHC placed on taxpayers  w/o telling us and according to some we still don't know half the story because the Bank of Canada refuses to release details. Some also say the taxpayer was not paid back. And why did RBC raise their interest rate this spring following the Federal Reserve when the Bank of Canada did not?
So many questions re: our own bank systems, meantime I find it strangely odd that Canadians have become stupid, complacent sheep and then complain about getting shafted. 

HSBC compliance Chief David Bagley steps down as summer of financial scandal continues
Toronto Star‎ - 16 minutes ago
Mexican drug cartels exploited weak internal controls to launder billions of dollars.

HSBC exec resigns amid money laundering probe

CBC.ca‎ - 4 hours ago
« Last Edit: July 17, 2012, 09:22:34 PM by Toedancer »
"Democracy is not the law of the majority, it's the protection of the minority." -Albert Camus 1913-1960

Boom Boom

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Re: Boom about to go Bust?
« Reply #458 on: July 17, 2012, 10:23:08 PM »
On CNN tonight I was watching Ben Bernake say he's not giving out any more candy,  and also that unemployment in the USA will stay above 8% for the foreseeable future. A lot of unhappy faces in that room.

Boom Boom

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Re: Boom about to go Bust?
« Reply #459 on: July 17, 2012, 11:12:54 PM »

 
 Spanish Firefighters protesting against the cuts in Bilbao.
Their message to Prime Minister Mariano Rajoy Brey's right wing agenda of cuts & austerity was 'kiss my arse'.   :))

Toedancer

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Re: Boom about to go Bust?
« Reply #460 on: July 17, 2012, 11:47:19 PM »
 :)) :applause  good for them!


Well, well, well. Looks like the bastion of the biggest bankster frauds in the UK are pissed with Canada's Competition Bureau looking into the Libor scandal. “invasion of the sovereignty of the United Kingdom.” HA! Read the comments, most excellent. The biggest heist in history, all come tumbling down. I guess Sir Mervyn Allister King, the Governor of the Bank of England and Chairman of the Monetary Policy Committee will be getting his pink slip. And Bernanke, wow, so la-dee-dah about it. I hope Davey Cameroon won't be too shocked when he gets his comeuppance.


http://www.theglobeandmail.com/report-on-business/international-business/european-business/canada-assailed-for-invasion-in-libor-probe/article4424272/
« Last Edit: July 17, 2012, 11:48:22 PM by Toedancer »
"Democracy is not the law of the majority, it's the protection of the minority." -Albert Camus 1913-1960

lagatta

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Re: Boom about to go Bust?
« Reply #461 on: July 18, 2012, 01:29:09 AM »
But they have cute and rather kissable bums. Great photo.
" Eure \'Ordnung\' ist auf Sand gebaut. Die Revolution wird sich morgen schon \'rasselnd wieder in die Höhe richten\' und zu eurem Schrecken mit Posaunenklang verkünden: \'Ich war, ich bin, ich werde sein!\' "
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sparqui

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Re: Boom about to go Bust?
« Reply #462 on: July 18, 2012, 12:11:32 PM »
But they have cute and rather kissable bums. Great photo.

Agree!
If my grandmother had wheels, she'd be a tractor. -- Gilles Duceppe

Toedancer

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Re: Boom about to go Bust?
« Reply #463 on: July 18, 2012, 01:53:04 PM »
Yeah, I think we can all agree chap 2nd last to left with the longish hair and boots on eh  :groucho ;)
"Democracy is not the law of the majority, it's the protection of the minority." -Albert Camus 1913-1960

Toedancer

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Re: Boom about to go Bust?
« Reply #464 on: August 08, 2012, 12:51:18 PM »
"Democracy is not the law of the majority, it's the protection of the minority." -Albert Camus 1913-1960

Bread & Roses Forum

Re: Boom about to go Bust?
« Reply #464 on: August 08, 2012, 12:51:18 PM »

 

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