6: Setting Europe Ablaze.....


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Terror Australis
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Message 1351413 - Posted: 28 Mar 2013, 8:07:21 UTC

Alan Kohler, one of Australia's most respected financial commentators asks,
Is the cat out of the bag on euro debt solutions?

@Gary. No expectations at all, just listing the next possible domino.

T.A.

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Message 1351438 - Posted: 28 Mar 2013, 10:35:40 UTC

Something for the Eurozone to think about?

China & Brazil sign currency swap agreement

That is tantamount to having a single world currency so beloved of sci fi writers. If it can't work on a small scale with the Euro what hope is there for a larger scale version?

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Message 1351487 - Posted: 28 Mar 2013, 13:37:05 UTC - in response to Message 1351438.

Something for the Eurozone to think about?

China & Brazil sign currency swap agreement

That is tantamount to having a single world currency so beloved of sci fi writers. If it can't work on a small scale with the Euro what hope is there for a larger scale version?

But it can and there is an example, however it appears as if Europeans don't want it to.
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Message 1351558 - Posted: 28 Mar 2013, 18:11:00 UTC - in response to Message 1351487.

Something for the Eurozone to think about?

China & Brazil sign currency swap agreement

That is tantamount to having a single world currency so beloved of sci fi writers. If it can't work on a small scale with the Euro what hope is there for a larger scale version?

But it can and there is an example, however it appears as if Europeans don't want it to.

There is a world currency, it's called GOLD but no one wishes to use it. You
can't debase Gold in the same way that you can with your currencies.


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Message 1351605 - Posted: 28 Mar 2013, 19:59:14 UTC - in response to Message 1351558.

You sure about that Nick?

As far as the UK is concerned......

.....WHAT GOLD?
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Message 1351611 - Posted: 28 Mar 2013, 20:06:21 UTC

Indeed

What gold

Sirius B
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Message 1351613 - Posted: 28 Mar 2013, 20:15:54 UTC - in response to Message 1351611.

Yep, & the end of the article is very apt!

"It was a lesson which could have acted to restrain all players in the credit market boom of the 2000s. It was a lesson which nobody learnt."

I've said it before & I'll say it again.....

"Show me an honest, truthful & trusted politician & I'll show you a liar!"
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Message 1351673 - Posted: 29 Mar 2013, 1:39:48 UTC
Last modified: 29 Mar 2013, 1:40:17 UTC

LOL, I was hammered not to long ago here for saying the same thing--What gold?

I also see that no one has gone after the unions and austerity measures.

We will see a domino effect.

10 states with a huge problem, bigger then alot of Countries.
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Message 1351793 - Posted: 29 Mar 2013, 14:06:17 UTC

Still a fly in the ointment....

UK challenges new EU demand for 2013 budget cash

"MEPs back the Commission in saying the extra - called an amending budget - must be paid to cover the 2012 bills."

Of course these rats are going to agree - they still want their £200 attendance allowance even on a Friday when there is no EU business to discuss.
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Message 1351885 - Posted: 29 Mar 2013, 18:04:38 UTC
Last modified: 29 Mar 2013, 18:05:51 UTC

"MEPs back the Commission in saying the extra - called an amending budget - must be paid to cover the 2012 bills."

I wonder if my company's accounts department will permit me to have an ex-gratia
top-up to my salary for this year. On the pretence that I have over spent and
so can't meet all my financial commitments to year end. "Foreign Office", they
would say to me. And if one knows Nick then one knows what Foreign Office in
this pretext stands for. In'it good a? we pay the ECM for the privilege of
importing more from them than we manage to export to them. As we all know, if
we left the ECM then nothing regarding imports/exports to Europe would change
one iota. The question is then why do we remain a member?

Foreign Office....hint!! 'F' is the significant letter from this word.
I now suspect that you can work out those significant letters from the other
word.
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Message 1351895 - Posted: 29 Mar 2013, 18:44:52 UTC

In'it good a? we pay the ECM for the privilege of importing more from them than we manage to export to them.

We don't pay The EU for anything, there is what is called a Trade gap.

Trade gap

If you just want to have a poke at UK and Euro politicians à la Sirius, there are better ways to do it than allude to significant letters, which are only in your mind. Oh and by the way there is no such thing as the ECM, maybe you mean the ERM which which was introduced in 1979 as part of the EMS. ERM

C'mon Nick you have done, and can do, a lot better than this.

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Message 1351904 - Posted: 29 Mar 2013, 19:08:35 UTC - in response to Message 1351895.

We don't pay The EU for anything, there is what is called a Trade gap.

What's the £50 million a day for?

The trade gap, will start to deteriorate again now that the value of the Euro
is dropping down against the Pound.

The ECM, ERM, EMS, call it what you like we all know what one another are referring too.

Still, Chris, you have not stated what would change financially between us and
Europe if we were to leave this joint venture. Naturally we would save ourselves
over £50 million, actually a hell of a lot more as there are many hidden costs
to our industries that we pay just to adopt many Brussels regulation. Costs
that our competitors outside Europe do not have to face yet are still free to trade with Europe ad-hock.



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The Kite Fliers

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Kite fliers: An imaginary club of solo members, those who don't yet
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Message 1351917 - Posted: 29 Mar 2013, 19:30:56 UTC - in response to Message 1351904.

We don't pay The EU for anything, there is what is called a Trade gap.

What's the £50 million a day for?

The trade gap, will start to deteriorate again now that the value of the Euro
is dropping down against the Pound.

The ECM, ERM, EMS, call it what you like we all know what one another are referring too.

Still, Chris, you have not stated what would change financially between us and
Europe if we were to leave this joint venture. Naturally we would save ourselves
over £50 million, actually a hell of a lot more as there are many hidden costs
to our industries that we pay just to adopt many Brussels regulation. Costs
that our competitors outside Europe do not have to face yet are still free to trade with Europe ad-hock.



That is not true. If the US wants to sell anything in Europe we have to adopt those ISO 9000 rules.
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Message 1351925 - Posted: 29 Mar 2013, 19:43:57 UTC - in response to Message 1351895.
Last modified: 29 Mar 2013, 19:44:43 UTC


If you just want to have a poke at UK and Euro politicians à la Sirius, there are better ways to do it than allude to significant letters, which are only in your mind. Oh and by the way there is no such thing as the ECM, maybe you mean the ERM which which was introduced in 1979 as part of the EMS. ERM

C'mon Nick you have done, and can do, a lot better than this.


Now now Taffy, after some excellent posts these past few days, reverting back to your "politico speak" dosen't become you.

When the news is good, I post it to offset the bad. However, our continuing bumbling within the Eurozone will just continue to create bad news with the muppets driving the country.....

...slowly but seurely, driving it off the cliff.

Unfortunately for those T**t's I'm not a lemming, so will continue to ridicule them until they wake up & see that the citizens of their country have had enough!

By the way, did you hear the serious broadcast on Radio Cymru this morning?

It was the Welsh Assembly announcing that they would like all Welshmen to return home as there is an extreme shortage......
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Message 1351929 - Posted: 29 Mar 2013, 19:50:12 UTC

By the way, did you hear the serious broadcast on Radio Cymru this morning?

It was the Welsh Assembly announcing that they would like all Welshmen to return home as there is an extreme shortage......

Actually no I didn't, I was tuned into Radio Poland, asking all their plumbers to return home as they had too many burst pipes because of the cold weather.

Blimey was there a hidden compliment in there somewhere ....

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Message 1351942 - Posted: 29 Mar 2013, 20:15:48 UTC

actually a hell of a lot more as there are many hidden costs to our industries that we pay just to adopt many Brussels regulation.

Actually you are wrong, prior to 1993 we had some countries using electrical voltage of 220V, some at 230V, and UK at 240V. The EU wanted harmonisation, so we cleverly negotiated a new standard of 230 V ± 10% at 50 Hz. i.e. we all carried on as normal and kept Brussels happy!

What do you think Mr Punch?

That's the way to do it!

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Message 1351984 - Posted: 29 Mar 2013, 23:00:45 UTC - in response to Message 1350876.

We've taken your money & grown fat off the proceeds.....

...we messed up & you're going to save us....

.....you got richer than us, so we're going to hit you with a 40% tax - a one-off atm, but we'll bear it in mind for the future.....

...we don't wanna run out of dosh so....

.....Cyprus to bring in weekly withdrawal curbs

What next? Telling us how to spend it?


Thought so.......

Luxemberg warns of investor flight from Europe

"In Luxembourg, leaders are warning that applying the Cypriot bailout model -- a levy on bank deposits -- to other crisis-plagued countries could lead to a flight of investors from Europe. But the EU is considering the option anyway."

I'm going to get roasted for this, but I'm sticking to my guns......

"I was a good soldier," says Heinz Otto Fausten, which seems like the beginning of a sentence that can't possibly turn out well. But then he says: "I see today that because of that, I was merely a good tool for an unbelievably criminal regime."

Make no mistake, this is where the European Commission will eventually take us!

Source: - The Last Battle of a German WWII Veteran Part 1
Part 2

Until "Das Boot" hit the screens, most WWII films were mainly Hollywoodised. The German ZDF mini-series "Unsere Mutter, Unsere Vater" (Our Mothers, Our Fathers)shows how the war affected the other side.

Just wondering if any nation in the EU will broadcast it on their channels!
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Message 1352050 - Posted: 30 Mar 2013, 7:50:21 UTC

That is not true. If the US wants to sell anything in Europe we have to adopt those ISO 9000 rules.

That's only one James, although quite comprehensive, but there are many
regulations that are only applicable within Europe.

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belong to a formal team so "fly their own kites" - as the saying goes.

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Message 1352057 - Posted: 30 Mar 2013, 8:56:18 UTC

Actually ISO 9000 is not a mandatory requirement for selling into Europe, in that it is not enshrined as such in legislation. It may be a contractual requirement, in that the purchaser imposes it as a condition of sale.
There are however a number of mandatory requirements, such as the EMC Directive, where it is illegal to sell manufactured items into the European market that are listed in the regulation that do not comply with that regulation. Some of these regulations are quite sensible, others are frankly "barking".
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Bob Smith
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Somewhere in the (un)known Universe?

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Message 1352065 - Posted: 30 Mar 2013, 9:40:05 UTC

The ISO 9000 family of standards is related to quality management systems and designed to help organizations ensure that they meet the needs of customers and other stakeholders while meeting statutory and regulatory requirements related to the product. The standards are published by ISO, the International Organization for Standardization, and available through National standards bodies.

Rob is correct. Actually they are all closely interlinked, as it is unlikely that any country would order goods from another without a contractual requirement imposing QA systems upon the supplier to ensure the relevant standards of construction and safety were met. It is issued as "guidance" although most people accept it as mandatory.

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