53 Replies to “World Races To Avert Crisis In Europe!”

  1. when I get to the bottom
    I go back to the top of the slide
    Where I stop and turn
    and I go for a ride
    Look out
    Helter skelter
    helter skelter
    helter skelter
    Pretty much sums it up.

  6. Well it is official the next huge financial bubble will be in government debt as they are buying up all the worthless private debt with taxpayer money. When this one blows up all the current paper currencies will turn to dust. In my estimate we have a few years at best before the mass exodus out of all things paper begins in earnest.

  7. Its not like this has happened overnight. Countries, like Greece, the US, PIIGS or the UK, have spent money they didn’t have for years with their leftists politicians giving zero thought on how they were going to finally pay the bill. They let this fester until it could be a mortal blow to the world economy but at the end of the day will these elitists suffer personally for it, not on your life but you will.

  8. ” … and €250 billion from the International Monetary Fund.”
    And how many of our tax dollars going towards this?
    Our government can probably take care of our own debt, but how many billions will be added through this?
    Can Canada refuse to comply?

  9. I wonder why they would accept toxic crud for security.This is the greatest crime of all history. I wonder if anyone would postulate as to why the SRC or CFTC did not see this coming.Taxpayers worldwide are going to absorb the hit.I hope you can afford more taxes, user fees, traffic fines,road and bridge tolls and higher utility costs because the set up is now complete.Next banks will own all federal, provincial and municipal infrastructure as govts default on debt.Who could have seen this acoming.Oh yea there might be a war or two to finance too.History will not be kind to us.What was that they say about a con, first you find a mark who thinks he can have something for nothing.

  10. Looks like we’re gonna need a good war to pull the world out of this mess.
    I say Iran lobs a nuke at Israel then China invades Russia and all hell breaks loose.

  12. Ive said it before.If you follow the back trail its going to lead to Goldman Sachs every time.If you stop to wonder awhile you cant help to conclude Govts. must have been asleep at the wheel or fully complicit to let this one happen.Or maybe its a Global Conspiracy made up of the 130 families otherwise known as the Bilderberg Group.They have money and power sufficient to have anything they want. Why would they do this? I guess they might want to consolidate things to bring us to the conclusion that a free market capitalist system is too unreliable to work for long and if we give up our sovereignty a New World Order will prevent this from happening ever again and we will live in peace and blissful harmony forever. More likely a combination of the all of the above. Did you take your SOMA today.

  13. Did y’all know that Europe owns a sh1tload of those toxic US mortgage assets that killed Bear Stearns last year?
    This can -all- be laid at the doorstep of central planning socialism and the juicy fat Euro-welfare state. You get a couple hundred million people leaning back in the social safety net/hammock, stuff like this happens.
    Communism fell first because it was even more insane than the socialists.
    And speaking of communists, wait until the Chicom balloon pops. That is going to make the Eurozone bust look like a little hiccup. I base my prediction on the single fact that they are COMMUNISTS, and lying is like breathing to them. When the thing finally collapses under its own weight, I prophesy that people will be amazed at how hollow it was.
    I remind y’all that the USSR looked like a pretty tough customer right up until it FELL-DOWN in wreckage all by itself.

  14. The one thing China has going for it is that there is no welfare state. I suspect that ordinary Chinese would cope with a collapse much more ably than Europeans. They still know how to work.

  16. Very true, Kate. You’ve actually been there, I never have, so you know better what’s going on down there.
    Also worth noting is that there’s still plenty of Chinese alive who remember the last time China had no government, and how to get along in that environment.
    Looks like Europeans are going to be learning how to work again perty soon, eh? And a whole bunch of Americans too. God Forbid, maybe even some Canadian government employees.

  17. Kate .China wont be spared, when the time is right the value of the US Treasury certificates will evaporate. How many trillion do the Chinese hold. These wont be worth the paper they are printed on.China will be taken down at a time of their choosing.Demand for their manufactured goods is going to plummet starting last thursday.We better have lots of children WW 3 is coming. This is not about left right politics. Phantom the left right paradigm is a distraction to keep people otherwise occupied.A race war is being stoked to provide more confusion stateside. Machiavelli must be loving every moment of this, even he probably never imagined such a cluster of confusion and chaos.

  18. Panic is over, children.
    Markets are bouncing back strongly after last week’s panic attack.
    It may take a bit longer for Euroweenies to understand that a solid economy is done through hard work … and the rich get rich because of their hard work.
    Now, hands off my money!

  20. Christ said, “The people perish for lack of knowledge”.I think we need to listen to the people who have been consistently right not the ones who have been consistently wrong.Alex Jones channels channel,on You Tube the interviews from Friday. Interviews with Gerald Celente and Bob Chapman are the best.

  21. With all due respect, kevin, seems to me the market panic is childish.
    What I’m p***sed about is how all these social justice schemes end up costing the middle-class taxpayer.
    The basis for my more optimistic viewpoint is observing the nature of protests both in Europe and in the U.S.
    European commies were burning cars in Germany and France on May Day. The jackasses who burned down the bank and killed three people, including a pregnant woman, in Greece were members of unions.
    That tells me Europe is still in the ‘government should do something about this’ mindset.
    In the US Tea Party movement, the sentiment is exactly the opposite … ‘get these control freaks out of my face.’
    So, while Europe is going to be the authors of their own misfortune, the U.S. will be humming later this year after the mid-term elections handcuff Obama and his marxist entorauge.
    My money’s on the U.S., while shorting Europe.

  22. mikeg the Bilderburgers are a myth to keep people otherwise occupied. Trolls come from both directions, seemingly.
    The left/right paradigm denotes the two flavors of centrally planned socialism, Fascism vs. Communism. I’m not talking about that. I’m talking about -less- government vs. -more- government.
    Europe, like China, suffers from too much government. The cure for that is less government. When you see the Greeks out burning each other in the streets, that’s a sign to the politicians that they’ve gone too far and they better back the hell up.
    We’ll see if they listen, or if there’s another European war instead.

  23. The concept of running a leftist kleptocracy is really simple. You run the internal economy of a country on monopoly money with lots of inflation with only the favoured few given access to the foreign hard currency or valuable export commodities that represent real wealth. Everyone else wastes their time running around doing deals and looking for chumps to lend them money at 50% interest per year. Eventually the middle class is in freefall and all gov employees who interface with the public in any way are corrupt just so their families can eat.
    What’s not to like?

  24. Phantom Its the Bilderberg. I imagine you and syf will wonder wtf hit you one day. Ill say it one more time Grow The F*** Up, your standing on the tracks looking the wrong direction take the ear buds out, turn around and start thinking for yourself. I would move before the that train hits you.

  25. mikeg:
    Conspiracy theories only prove the creative genius of the human mind.

  26. “the Bilderburgers are a myth”
    Thanks for that. I’m sure there are many forces and groups which would like to control the world – including me! – but that’s the point. There are simply too many competing interests and elements at work for any one group to wield unified control. And that’s not even including the effect of random events which nobody can control.
    Conspiracies are usually advanced by someone who wants to appear in the know, as opposed to us rubes who are apparently standing on some railway tracks somewhere…

  28. Individuals, acting in their economic self-interest, have the ultimate power … which they can exercise in the ballot box.
    Those who love the freedom of making their own decisions must convince others to vote for the candidate who promises to spend the least amount of their money.

  29. Awwww come on who WOULDN’T want the IMF vacuuming up their savings/pensions to save the bacon of their spend and borrow socialist gummint?
    These rioters are just poor losers. The game’s afoot and national sovereignty is being sold out for pennies on the dollar to those who hold fiat credit markers.

  30. According to the story, the IMF contribution is 250 million euros.
    At today’s exchange rate of 1.30 per Cdn dollar, that’s $325 million Canadian dollars.
    Canada’s ‘share’ of the IMF bailout is 2.9%. Unless my math is wrong, Canada is on the hook for 9.45 million.
    Too damned much, but then we transfer many more time that every year to Quebec, another parasite society.

  31. Who’s going to fight a European war? Europeans?
    Give me a break, their aggressive tendencies are now fully channeled into soccer riots.
    We need to keep an eye on Korea. It’s clear that the North Koreans blew up that South Korean ship, so now it’s a case of waiting for the other shoe to drop over there. That could go ballistic very quickly. I imagine that Kim Il Jong was summoned to Beijing to hear the bad news that he’s on his own if that happens.
    Those people wouldn’t go down without at least trying out their missiles, and there’s no telling where they might land.
    But hey, the World Cup is coming up in South Africa, that noted hotbed of security expertise, and the USA is playing England on June 12th. What could possibly go wrong?

  33. “Who’s going to fight a European war? Europeans?”
    The Germans. You think they’ll all just sit there and take it when the whole rest of Europe steals all their money? You think they will let the “dirty Greeks” and the “greasy Italians” and the “horny French” rip them off? HA! Lots of nasssty old stereotypes are showing up in German media this week. Angela Merkel just got her backside handed to her in an election. Germany First, screw united Europe could get to be a pretty good rallying cry, don’t you think?
    The Russians. You think they’ll just sit there when their neighbors are all broke and squabbling over who gets stuck with the check? You think Vladimir Putin doesn’t dream of being Emperor Vlad The First?
    The Balkans. You think they’ll pass up a perfectly good opportunity to kill each other for no damn reason? I see on Drudge today somebody found a new mass grave in there. Payback time, baby!
    Ireland. You think the Protestants won’t blame the Catholics when the food gets tight?
    Europeans have been killing each other over money, land and old hate since Rome ran it. It won’t be surprising if they do it again. What’s surprising is they’ve held off this long. 65 years since WWII, that’s a pretty big break in hostilities over there, historically speaking.

  34. Ah yes, the EEC-IMF-CoR kleptonomics agenda comes to fruition;
    “Socialization of risk, privatization of profit”.
    I think the G20 nations should vote to write off all nation toxic debt and tell the IMF to go pee up a rope. Maybe that will make our governments run within their means once the credit machine is closed to them.

  35. What does Revelation’s say, 10 horns?
    Guess some have to drop out of the EEC.

  37. Im beginning to think one final battle may be the thing.All I ask is that nobody gets to enlist anybody to do their fighting for them.Everybody shows up with muzzle loading 50 cal. black powder rifles, they pay for their own training, weapons,ammo, and surgical assistance in the event of a wound.Im sure we would have a lot less senseless enthusiasm for war and conflict.The profit motive would be eliminated. Any hot head who thinks war is anyway to solve the worlds problems when they participate in a brutal battle of the kind Americans experienced through out the civil war would change their mind in a hurry.Read or view the many resources on the American civil war the brutality of it was absolutely sickening.

  38. Come on mike, a stand up fight? These are -socialists-. Its all car bombs, forced marches and death camps with that crowd.
    We could live to see concentration camps in Europe again. Wouldn’t that be great?
    It all depends if the Euroweenies can suck it up like men and soldier on through a depression, or if they try the easy way out. Again.
    War always looks like a great idea to some people before it starts.

  39. Hey setyoufree…check your figuring.
    The amount going to the eurobailout from the IMF is €250 billion. Not 250 million.

  41. I think we’re nearing what I call my “Bosnia Sweater” time.
    ‘All started when I realized many years ago that we couldn’t all keep getting richer and richer (my husband and I, BTW, were counter cultural and weren’t getting richer and richer, but most of our neighbours were), while a growing segment of our population was on the dole with no feelings, whatsoever, of shame or remorse or I’ll-get-off-the-government-teat-soon, and my mom knitted me a honking-huge-100%-wool-sweater which I HATED and stashed in the back of my cupboard.
    I always said that when we got to the point of having to break up the furniture in order to heat the house, I’d get my Bosnia Sweater out: At least it would come in handy when the world came to an end and we were all sitting in the cold trying to stay warm.
    ‘Looks like I wasn’t far wrong. Although I find this financial free fall scary, I knew it was coming. It had to. And I’m not a financial adviser, a stock broker, a banker, or a big business genius.
    Disconnect making money and spending it, especially when it’s not yours, from moral and ethical values — remember: in our dystopian, post-Christian dispensation of the past 50 or so years, most people never hear “Love your neighbour as yourself” or “Do unto others what you would have them do unto you” — and this is what you get: civilization jumping off a cliff.

  42. Germany took the Obama route & gave Greece a Trillion dollars.
    Boy is it going to be fun when than runs out.
    As Obamites are finding out today.
    JMO

  43. Well at our 3% contribution to the IMF, that makes Canadians on the hook for about $8 Billion (like we have that kind of money).
    Look people, Canada isn’t in any better shape than any of these others countries who owe more than they bring in… don’t kid yourself just because our media isn’t brilliant enough to get an adding machine out and tell it like it really is. Their sideshow becomes our reality … I make that prediction today.

  44. Hey, don’t worry, be happy!
    BamBam is spending his way out of trouble, no problem, he has the solutions to all ills after all, He said so.
    So, if BamBam has the solution, it has to work for the Euroweenies…..right? Right?

  45. Meh… wait for it…. the Germans are overdue for another bout of putting on snazzy uniforms and singing marching songs… bailing out the lazy mediterranean SOBs with the sweat of the hard-working germanic Volk will just precipitate the next European political “re-alignment”… the French better crank up those white flag factories…

  46. mikeg:
    China owns around $800 billion in US treasury bonds. They’re the largest *foreign* holder of US treasury bonds.

  47. Dave at 8:40 AM is right. This financial crisis has been building for decades. I believe the term “leftist politicians” here would include most of our “Progressive” Conservatives and even some of our so-called conservatives.
    In fact, we should collectively look in the mirror and ask ourselves how many times we have pressured our politicians to hand out another entitlement.

  48. Posted by: wingwalker at May 10, 2010 4:28 PM
    Yep, 250 billion it is.
    We can pay our $9 biillion by cancelling this year’s transfers to Quebec.

  49. Given only the option to choose between saving French banks from collapse or paying for Quebec daycare, I’d have to bail out the kids. That being said; while I’m skeptical of your stats, I do support your sentiment.

  50. Times are rough.. big oil in the gulf fish bowl, Pigs trying to put a smile on 2.5 trillion$ in debt, Drug cartels snuffing out thousands in streets, clubs and restaurants in Mexico.
    Most clever of all however, is North American business making products in China, South Korea and Taiwan.
    Fewer local wages, shoppers and tax payers. Good for our future pensions no doubt.
    Allowing China to buy control of some Canadian resource producers seems less than bright.

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