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Topic:
What is the lesson of the Eurozone crisis? [Locked] |
Friarspam  Posts: 638
Registered: 2007-1-23 07:01:27
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
theredkay1 posted:
Friarspam posted:
It's hard to keep track of all those zeros, so let's remove 8 of them and pretend it's a household budget:
* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total budget cuts: $385.. (Doesn't even come close to covering the interest on the debt of $5,000+.)
Total Assets - $1,800,000
Chance of ever running short of cash - 0%
Now, can someone tell me how doing the same old stuff is viable?
http://www.federalreserve.gov/releases/z1/Current/
You forgot two important things.
The 7 billion people involved in the debt markets dont share your outlook either.
Ok, I guess I'll try here...
First, I'd like to see where the return on all this "investment" is. Now, if you were going to a bank with a business plan, they'd like to know the percentage of return expected and in what time frame. I'm still waiting to hear that little nugget from ANYONE in the government. I'm sure all you "spend spend" cheerleaders have the answer, though.
Second. The "federal" reserve is in the business of making and controlling wealth. It is NOT the government. They are just another version of an old scam artist. I would not cite them as a credible source if you're looking to prove this system is plausible.
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My folks went on vacation and all I got was this lousy sig.
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Sin_of_Onin  Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
Koneg posted:
Sin_of_Onin posted:
Meanwhile the problem will likely be blamed on things like social programs which are present in both nations and is a largely immaterial issue to the crisis.
Right, because spending way more money then you take in has absolutely no effect on your debt burden. 
lol, you are stupid. Please try and keep up.
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
Friarspam posted:
Ok, I guess I'll try here...
First, I'd like to see where the return on all this "investment" is. Now, if you were going to a bank with a business plan, they'd like to know the percentage of return expected and in what time frame. I'm still waiting to hear that little nugget from ANYONE in the government. I'm sure all you "spend spend" cheerleaders have the answer, though.
Second. The "federal" reserve is in the business of making and controlling wealth. It is NOT the government. They are just another version of an old scam artist. I would not cite them as a credible source if you're looking to prove this system is plausible.
Actually one way the government tries to encourage investment is to borrow instead of tax based on their capacity to borrow money at low rates. The revenue side of the government equation has favored borrowing over taxation since Reagan started the trend in the 80s.
It probably would have worked better if the US didn't also try and carry hundreds of billions in trade deficit every year for decades.
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
NuEM posted:
That you can't have a financial union without also having a political, economical and social union.
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smellymotor
Young and Free
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Abaddon_Ambrosius Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
theredkay1 posted:
Abaddon_Ambrosius posted:
Digging a hole of 50... 90... 120% of your GDP is suicidal.
The plethora of countries with high debt/GDP ratios and low interest rates should impact your opinion. The actual world just doesnt agree with you.
 Hello? Reality calling.
A plethora of irresponsible governments burying to the hilt and praying  nothing negative happens to disrupt their little folly has put us into a global recession/depression.
Prayer is not a responsible fiscal policy.
PS: If you're thinking of breeding... please don't.
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In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
Abaddon_Ambrosius posted:
Hello? Reality calling.
A plethora of irresponsible governments burying to the hilt and praying nothing negative happens to disrupt their little folly has put us into a global recession/depression.
Prayer is not a responsible fiscal policy.
PS: If you're thinking of breeding... please don't.
Reality is actually significantly different. It is not simply debt that is driving the crisis but the erosion of production and the inability of the local economy to correct for it due to the impact of how they interact with other economies and nations.
I know any issue that is more complicated than yes or no is beyond you but I can hope.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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theredkay1 Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
Abaddon_Ambrosius posted:
theredkay1 posted:
Abaddon_Ambrosius posted:
Digging a hole of 50... 90... 120% of your GDP is suicidal.
The plethora of countries with high debt/GDP ratios and low interest rates should impact your opinion. The actual world just doesnt agree with you.
Hello? Reality calling.
Oh...so you are going to talk about actual real world events? This is a change.
Abaddon_Ambrosius posted:
A plethora of irresponsible governments burying to the hilt and praying nothing negative happens to disrupt their little folly has put us into a global recession/depression.
Oh...I guess not. Just more speechifying about the immorality of debtors.
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Abaddon_Ambrosius Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
A government without debt renders themselves invulnerable to attacks, criticism, undue influence or manipulation of their policies vis a vis government debt.
Fact.
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In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
Abaddon_Ambrosius posted:
A government without debt renders themselves invulnerable to attacks, criticism, undue influence or manipulation of their policies vis a vis government debt.
Fact.
Which is basically meaningless.
Congratulations on being an idiot.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Abaddon_Ambrosius Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
|
Date Posted:
1/1/00 12:00am
Subject:
What is the lesson of the Eurozone crisis? |
Sin_of_Onin posted:
Abaddon_Ambrosius posted:
A government without debt renders themselves invulnerable to attacks, criticism, undue influence or manipulation of their policies vis a vis government debt.
Fact.
Which is basically meaningless.
Only to you and the Goldfish Brigade.
-----signature-----
In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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