Savers lose £18 Billion

Brussels will get so desperate in time that the next law to be passed will
involve forced savings. X% of your salary each month must be used to buy
government bonds. Most probably they will call these "Employment Bonds"
similar to the old "War Bonds"...perpetuals so the government need not redeem
them and no doubt they'll pay a derisory interest rate of about 2.5%.

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The Kite Fliers

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Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

Now if that ever happened...it's back to cash-in-hand jobs.... Nice, stuff the system... :)

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It is a given in as much as Congress is dominated by the will to sustain paralysis instead of governance. That means, the Bush cuts go away -- all of them, and sequestration goes live -- all of it. That amounts to a significant action on the debt and a significant slow down in the economy.

The Democrats don't want this, the Republicans don't want this, but the Democrats and Republicans lack the competence to work together.

We ain't seen nothing yet, just wait until America goes back into recession
after this coming presidential election is over. At some time soon the USA will
have to turn the austerity screw down tight to stem it's booming debt. If they
stop spending then the whole world will know about it.

Now if that ever happened...it's back to cash-in-hand jobs.... Nice, stuff the system... :)

Governments need to get their heads screwed on right. This recession/depression
is going to last a very long time indeed. Those countries who wish to survive
through this must start to live within their means. To this end when we come
out of all this those who were prudent live on to better things. Those who
choose to keep over spending will become the Argentina's of the future.
To this end then don't be surprised if one day the ECM looks like the old
South American conglomerate of countries all in continual bad health with
Germany being the Brazil of them all. This is the time for those pips to start squeaking
so go on Britain make them squeak....in time it will be worth it in the end.
Britain, "Get out of Europe before Europe gets it all out of you"

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

Much of the economy in the Southern Europe is already on this -- in the US, the reported unemployment rates are likely lower than actual rates, in southern Europe the unemployment rates are reported are higher than the actual rate. A lot of 'off the clock' compensated work going on.

Now if that ever happened...it's back to cash-in-hand jobs.... Nice, stuff the system... :)

Operation Twist Optimistic?

Crisis defused, but more lurk

Markets still volatile

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Now if that ever happened...it's back to cash-in-hand jobs.... Nice, stuff the system... :)

Governments need to get their heads screwed on right. This recession/depression
is going to last a very long time indeed. Those countries who wish to survive
through this must start to live within their means. To this end when we come
out of all this those who were prudent live on to better things. Those who
choose to keep over spending will become the Argentina's of the future.
To this end then don't be surprised if one day the ECM looks like the old
South American conglomerate of countries all in continual bad health with
Germany being the Brazil of them all. This is the time for those pips to start squeaking
so go on Britain make them squeak....in time it will be worth it in the end.
Britain, "Get out of Europe before Europe gets it all out of you"

+1

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+0

Tongue-tied are we - don't have a reasonable reply? Just like the muppets in power!

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Cameron warns of breakup or stagnation

I'm attempting to read between the lines here regarding Cameron! He's putting
the pressure on Europe with the view of building a case for a UK referendum
because the ECM is failing to respond to the detriment of the UK.

---

The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

Tongue-tied are we - don't have a reasonable reply? Just like the muppets in power!

Oh do behave, it's the end of a long day and I have lots more to do yet. I just haven't got the energy to engage in meaningful verbal discourse. Another day....

With the way the world is going, the majority of us are going to have long days of our own to cope with.

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It's taken 3 years to realise this

We've had a Greek Tragedy, are we now looking at a Spanish Bullfight?....

...followed by....

Return of the Gladiators.....

...and...

Snails & frogs legs for dinner

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G20 divided, pushing Spain closer to the precipice

"There was nothing to suggest the biggest player of all in the future of Europe – the government of Ms Merkel – was anywhere near conceding that a banking union is viable. She came to Mexico instead with a variety of alternative proposals for greater financial integration and even a transfer of new powers to the European Union".

Spain maybe heading over the edge, but the bigger precipice looming ahead, & a lot closer than many may realise is..."The Beginning of the End..Finally.

Is this frustration showing?

"But at the G20 summit, President Barack Obama was trying to knock heads about the seriousness of the problem that is now threatening his re-election".

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Not looking good

"Investors appeared fed up with the inability of European leaders to resolve a financial crisis that has bedeviled markets for more than three years".

Speculator - "Ah come on you guys, you're delaying my lunch date with Julia Roberts. I need the bonus to pay for it!"

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Speculator - "Ah come on you guys, you're delaying my lunch date with Julia Roberts. I need the bonus to pay for it!"

Volatility, the love of the speculator. Keep doing my bidding and don't fix it. I make piles on the ups and downs. Keep the crisis going and I'll make that date money.

German U-Turn?

Germany acts tough out of weakness not strength

"The dinner was cancelled between President Obama and the heads of the four eurozone countries at the summit, a clear sign of US irritation".

Hmmn, you want Europe to stabilise so that yo can get re-elected? Nice way in going about it!

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Perhaps it reflected a sense of it being a waste of time -- the heads of the four eurozone countries involved have demonstrated a great competence for wasting time.

German U-Turn?

Germany acts tough out of weakness not strength

"The dinner was cancelled between President Obama and the heads of the four eurozone countries at the summit, a clear sign of US irritation".

Hmmn, you want Europe to stabilise so that yo can get re-elected? Nice way in going about it!

Hmmn, you want Europe to stabilise so that yo can get re-elected? Nice way in going about it!

That was yesterday. Today he wants it unstable so he can blame it all on Europe.

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Blaming Europe, that sounds so Republican. Oh right, he is a Republican -- his opponent in the coming election is a TeaPublican...

That was yesterday. Today he wants it unstable so he can blame it all on Europe.

A little light relief in these gloomy times.....

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Grerat Link, thanks. One very serious issue sticks out like a sore thumb...

"Of the big economies, only Spain kept its nose clean until the 2008 financial crisis; the Madrid government stayed within the 3% limit every year from the euro's creation in 1999 until 2007. Not only that - of the four, Spain's government also has the smallest debts relative to the size of its economy".

So Germany bribed the markets then....

"Well, no. Actually Germany is the "safe haven" - markets have been willing to lend to it at historically low interest rates since the crisis began. Spain on the other hand is seen by markets as almost as risky as Italy, So what gives?"

So to fix it, do we cut or not cut spending?

Either way spells the end of the Euro.

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