Eurogeddon, the end of the Euro

[tluassa]

1 year German bonds now dropped below zero. As I predicted before ^^ We now get payed money to savely store cash, we are a bank now.

http://www.businessweek.com/news/201...ty-demand.html

And in other news, the German jobless rate dropped to a new 20 year low in November. Actually in my livetime I have never witnessed a drop in jobless people in November. Normally they lay off 300.000 or something but not this year.

[Mordoror]

The fed prints money out of nothing to bail out the EU

Who bailed out your banks and financial system in 2008.
Kinda a lift sent back........

Anyway you can whine how much you want about your public $$ burnt in the Euro relief operation, i could whine as much i want for my Euros lost in the subprime crisis, the financial system is so well done and inter connected that if it is not done (US bailing out EU, EU bailing out US) we all of us will capsize (dragging China and SE Asia in the process)

[Mujo2000]

The people who complain about the money being spent, what is your solution to these problems?

Thank you.

[Ought Six]

Who bailed out your banks and financial system in 2008.

The Fed, who bailed out not only our banks and financial institutions, but the EU's as well.
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Kinda a lift sent back........

Nope. We are bailing you out a second time. Please spare us your BS revisionist history.
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Anyway you can whine how much you want about your public $$ burnt in the Euro relief operation, i could whine as much i want for my Euros lost in the subprime crisis....

.... where it turned out that the EU was playing the same games with real estate and mortgage-backed instruments that we were.
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.... the financial system is so well done and inter connected that if it is not done (US bailing out EU, EU bailing out US) we all of us will capsize (dragging China and SE Asia in the process)

Yep. Just like Greece is rolling you guys by threatening to default and blow up the whole EU economy, you are rolling us by coming to the edge of a collapse that would bring down the global economy. So I guess any further whining about Greece by other EU member nations would be extremely hypocritical at this point, no?

[Mordoror]

bla bla agressive and patronizing post as always

As always you are boring to read due to the tone and the spinning of the facts. You'd been frank and honest you'd said that the FED injected in the economy money that benefited (around 40% of the sum) to european banks AND that the BCE/ECB injected money that benefited to US banks
Because the economies are interconnected

But as always your post drips of "we are better than you" tone given from a high horse and lack the honesty/modesty to make any conversation with you worthy
Because yes you are sooooo better than us

-so better than in fact you are welcome back in my ignore list--

[Ought Six]

As always you are boring to read due to the tone and the spinning of the facts. You'd been frank and honest you'd said that the FED injected in the economy money that benefited (around 40% of the sum) to european banks AND that the BCE/ECB injected money that benefited to US banks. Because the economies are interconnected.

No EU money was injected into American banks, but Fed money was injected to EU banks.
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But as always your post drips of "we are better than you" tone given from a high horse and lack the honesty/modesty to make any conversation with you worthy. Because yes you are sooooo better than us

You are making sh1t up. I never said any such thing. I am calling the EU on their behavior in this instance. At no time did I say America's behavior vis a vis financial policy was generally better. It is not.
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-so better than in fact you are welcome back in my ignore list--

Do me a favor; please make it permanent.

[tea drinker]

clucking bell tluassa, things ticking along well in Germany! Need some qualified network engineers?

[Mackie]

The Fed, who bailed out not only our banks and financial institutions, but the EU's as well.
----------Nope. We are bailing you out a second time. Please spare us your BS revisionist history.
----------.... where it turned out that the EU was playing the same games with real estate and mortgage-backed instruments that we were.
----------Yep. Just like Greece is rolling you guys by threatening to default and blow up the whole EU economy, you are rolling us by coming to the edge of a collapse that would bring down the global economy. So I guess any further whining about Greece by other EU member nations would be extremely hypocritical at this point, no?

Wait.
Who was responsible for the 2007 world financial crisis?
You bailed out EU institution back then?
Lehman Brothers was? Irish?

No EU money was injected into American banks, but Fed money was injected to EU banks.

EU banks who had divisions in the US.

[Ought Six]

Wait. Who was responsible for the 2007 world financial crisis?

Primarily the U.S. government. But that is not the question we were discussing. If you want to change the subject, have at it.
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You bailed out EU institution back then?"

I said we bailed out EU banks. I did not say we bailed out the ECB.

http://www.americanthinker.com/2011/...ot_bigger.html

Excerpts:
---
Remember the TARP, the U.S. Treasury Department's highly controversial, $ 500 billion Troubled Asset Relief Program? That was only the tip of the iceberg. Think: $ 1.2 trillion. That's right. One trillion, two hundred billion dollars as of December 5, 2008 - when Wall Street's emergency borrowing for the federal government peaked.
---
Almost half of the Fed's top 30 borrowers were European firms, not Americans. This included Royal Bank of Scotland ($84.5 billion) and UBS AG ($77.2 billion).

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Lehman Brothers was? Irish?

You seem to have difficult reading posts. Let me help you out....

Originally Posted by Mordoror
"Who bailed out your banks and financial system in 2008.:

Myself:

"The Fed, who bailed out not only our banks and financial institutions, but the EU's as well."

It pays to actually read my posts *before* responding to them. Then you will be less likely to embarrass yourself.
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EU banks who had divisions in the US.

I see. So if an EU bank has some branches here; and the EU injects some money into that banking chain in the EU, in euros, not dollars; that somehow constitutes 'an EU bailout of America'?

Let me don my hip waders. It is getting deep in here.

[Telmar]

@Oughtsix

UBS=Swiss Bank

Swiss not member of EU.

Try double checking your sources

[BAF]

Well what do you know, another yank on his high horse. Just stop trying arguing with these people guys. They think they are the best and will not change their opinion, waste of breath.

[Mujo2000]

Well what do you know, another yank on his high horse. Just stop trying arguing with these people guys. They think they are the best and will not change their opinion, waste of breath.

You are using a very broad brush there buddy.

[BAF]

You are using a very broad brush there buddy.

True, yet i talk from experience on having arguments with these people. Not saying all yanks are like this, but people like ought six.

[NovocastrianUK]

Eurogeddon? If David Hasselhoff covers that crappy Aerosmith song then we will all be in the sh1t

[Ought Six]

Considering all the lecturing we got in 2007 from the EU, you guys sure do get butthurt easily. Do not be such prima donnas. Nobody is "up on their high horse". You fvcked up this time, and it is your turn in the barrel. If you cannot take a little well-justified criticism, then internet discussion forums may not be suitable for your delicate sensibilities.

Now if you gentlemen wish to contest this, how about you do what I did; provide some actual links to some actual data showing that I am in error. But I guess is easier to just "get up on your high horse" and look down your nose at the "yank" than to back up your claims, hmmm?