Fannie and Freddie If I am not wrong is one
of many castrofic games of George Bush administration. If you did not believe in conspiracy theorys, just by looking at his face you may just start to believe in everything bad George Bush done to us. They created the credit crunch: the housing bubble, they infected europe with it and they came out with the brillant idea of even bigger bubble: THE BAIL OUT...As usual Europe follow, ( with some clever masterplan from Germany and France), the same path and with the same consequences. As for China, can they buy dollars forever? They will defenately be in the queue of their own bubble..
Is it just me thinking or Germany will benefiting even on those China-Usa situation in 8-10 years time?
Eurozone debt crisis
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
Clinton laid the foundations, Bush just carried it on.
http://www.thedailybeast.com/articles/2 ... ssion.html
http://www.thedailybeast.com/articles/2 ... ssion.html
As Bill Clinton collects his accolades, let's recall: the key decisions that inflated the housing bubble of the 2000s - and that laid waste to the US economy in 2008 -- were taken under Bill Clinton's administration: the decision to leave derivative trading unregulated, the decision to allow deposit-taking institutions to engage in proprietary trading, the pressure on banks to relax mortgage lending standards, the decision to allow Fannie Mae and Freddie Mac to grow enormously large thanks to the implicit subsidy of the government guarantee of their bonds and borrowing.
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giulio2010
- Posts: 962
- Joined: Sun Sep 12, 2010 9:11 am
Thank you for the clarification....superfrank wrote:Clinton laid the foundations, Bush just carried it on.
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
you can't really blame them personally... they were controlled by the same banking elite who still run the show today in the US, UK and Europe.
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Groovyelms
- Posts: 277
- Joined: Fri May 20, 2011 7:42 am
Hi all in the UK
How do you think you would vote? if a referendum on leaving the EU were put on the table right now?
just curious Groovy
How do you think you would vote? if a referendum on leaving the EU were put on the table right now?
just curious Groovy
Out. 100%. No question.
We pay billions of pounds a year to an organisation that gives us a few left wing laws in return and naff all else...
Jeff
We pay billions of pounds a year to an organisation that gives us a few left wing laws in return and naff all else...
Jeff
Groovyelms wrote:Hi all in the UK
How do you think you would vote? if a referendum on leaving the EU were put on the table right now?
just curious Groovy
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
we also get unlimited immigration from anyone holding an EU member state passport... cheap labour may be convenient for some businesses, but all these people require schools for their children, hospital care, benefits, housing, social services, transport, policing, prisons etc., etc.Ferru123 wrote:Out. 100%. No question.
We pay billions of pounds a year to an organisation that gives us a few left wing laws in return and naff all else...
Jeff
net benefit, nil, or more likely negative.
and on that basis, i'm out!
superfrank wrote: we also get unlimited immigration from anyone holding an EU member state passport... cheap labour may be convenient for some businesses, but all these people require schools for their children, hospital care, benefits, housing, transport, policing, prisons etc., etc.
Not only that, but we have to pay benefits to British citizens who are out of work partly because many of the jobs are taken by migrants.
I don't accept the lazy stereotype that they merely take jobs that British people are unwilling to take. Many British people would jump at the chance to work, even if it's to do a menial job. And as for those who don't, that's nothing that tightening up the dole system to prevent abuse by workshy scroungers won't fix...
Jeff
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
+1Ferru123 wrote:I don't accept the lazy stereotype that they merely take jobs that British people are unwilling to take. Many British people would jump at the chance to work, even if it's to do a menial job. And as for those who don't, that's nothing that tightening up the dole system to prevent abuse by workshy scroungers won't fix...
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
yeah a good read, and people think i'm mad when i say that hyperinflation is a possibility!
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giulio2010
- Posts: 962
- Joined: Sun Sep 12, 2010 9:11 am
It took me almost an hour to read all.superfrank wrote:yeah a good read, and people think i'm mad when i say that hyperinflation is a possibility!
..good read indeed...What's the solution then? Politicians don't like those reports so they will ignore the reality for ever..Romans also faced ecomomic crisis, they also had the housing boost and therefore the collapse of it but back then, they used to invade new areas or make deals with neighbour civilization to reboost the economy..We did not find Extraterrestrial life yet so we cannot invade mars to boost our economy. Is WAR the real and only solution to it? and where? Iran? Pakistan? Israel?
IN, Yes there's a lot of things need sorting out in the EU and it's hard to guess how things would have worked out if we wrn't in it but I doubt if we'd be amongst the highest earning and strongest economies in the world without it. Possibly the ideal is to beenfit and push for 'common markets' and standards which has done so much to benefit this country and pehaps we should have kept some opt outs but to relinquish those was a British decision.
Deal reached on Greece.
I think Zerohedge hits the nail on the head - http://www.zerohedge.com/news/2012-11-2 ... p-124-2020
I think Zerohedge hits the nail on the head - http://www.zerohedge.com/news/2012-11-2 ... p-124-2020
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giulio2010
- Posts: 962
- Joined: Sun Sep 12, 2010 9:11 am
Italy PM Mario Monti announces plan to resign.
http://www.bbc.co.uk/news/world-europe-20656173
Already tomorrow may occur with the first effects. The truth is at the end of December, the government will fall and will be announced the elections day due at the end of FEB 2013. The other truth what the newspapers do not tell is that no party wants to take LIABILITY to govern. No-one want win the election ( except M5S) , most alternatives have many convicted of fraud in their lists ( except M5S) and we Italians are desperate cause we can not find a way out. The parties will receive refunds after the elections, with tax money (except M5S) and Europe will send another banker here to rob us of our possessions. If this scenario were to happen, people will rebel this time, also because the majority would vote for the real alternative to all this ( the M5S), but the president Napolitano, the political parties ( Berlusconi, Bersani, Casini) and Mario Monti will do everything to discredit this new movement and will find the way to rig the votes.
We are in a position of no return and I expect drastic changes, positive or negative, but all this rotten, political partys and euro must end..
http://www.bbc.co.uk/news/world-europe-20656173
Already tomorrow may occur with the first effects. The truth is at the end of December, the government will fall and will be announced the elections day due at the end of FEB 2013. The other truth what the newspapers do not tell is that no party wants to take LIABILITY to govern. No-one want win the election ( except M5S) , most alternatives have many convicted of fraud in their lists ( except M5S) and we Italians are desperate cause we can not find a way out. The parties will receive refunds after the elections, with tax money (except M5S) and Europe will send another banker here to rob us of our possessions. If this scenario were to happen, people will rebel this time, also because the majority would vote for the real alternative to all this ( the M5S), but the president Napolitano, the political parties ( Berlusconi, Bersani, Casini) and Mario Monti will do everything to discredit this new movement and will find the way to rig the votes.
We are in a position of no return and I expect drastic changes, positive or negative, but all this rotten, political partys and euro must end..