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| Europe |
| AEP: Geithner Plan for Europe is last chance to avoid global catastrophe |
| 2011-09-25 |
| Europe, the G20, and the global authorities have one last chance to contain the EMU debt crisis with a nuclear solution or abdicate responsibility and watch as the world slides into depression, endangering the benign but fragile order that has taken shape over the last three decades. |
| Posted by:tipper |
| #13 Another point of view from an ER doc in Portugal: on the other hand Europe without unity and peace means wars and destruction. And that is far more expensive that bailing out countries... Believe me: our enemy is not Russia, or the US or Wall Street: our enemy is a globalization that gave a Communist Country the power to use its planned economy, slave labour and a artificial low value currency to impose a new world order... The US may have Drones, Aircraft Carriers, Nukes but in fact CHINA is getting its claws on our Democratic System... wake up Free World and never forget you were born in ATHENS, GREECE! |
| Posted by: Anguper Hupomosing9418 2011-09-25 22:11 |
| #12 Utterly forgotten in this brouhaha is a simple principle: Banks are supposed to have expertise in preserving capital and managing risk. If they cannot discharge those simple duties, then perhaps they should not be in the business of finance. Most of all, they should not be engaging in behavior that puts taxpayer money at risk. - Barry Ritholz |
| Posted by: Anguper Hupomosing9418 2011-09-25 22:05 |
| #11 What to expect from a socialist conservative like AEP. More printed or "easing" money obviously. It will not work.. |
| Posted by: Chomosing Hupimp6046 2011-09-25 21:59 |
| #10 The world has been sliding into depression and has been on the verge of catastrophe since 2007. There will always be room for a different flavor of global catastrophe brought on by the boundless creativity of the smartest guys in the financial world. |
| Posted by: Anguper Hupomosing9418 2011-09-25 21:50 |
| #9 "It also means food priced out of sight in Africa, and medicines priced out of sight, and trade locked up, and so on. A lot of innocent bystanders are going to die." And this is different from the way it is now because....? |
| Posted by: Barbara 2011-09-25 20:12 |
| #8 All the plan does is shift the debts of high risk borrowers on to lower risk borrowers. Thus making them higher risk borrowers. Rather than containing contagion, it will cause contagion. |
| Posted by: phil_b 2011-09-25 19:56 |
| #7 What is his usual line of talk, European Conservative? |
| Posted by: trailing wife 2011-09-25 19:49 |
| #6 Ah Ambrose Evans-Pritchard is at it again... |
| Posted by: European Conservative 2011-09-25 19:23 |
| #5 It also means food priced out of sight in Africa and Dar. |
| Posted by: g(r)omgoru 2011-09-25 15:54 |
| #4 It also means food priced out of sight in Africa, and medicines priced out of sight, and trade locked up, and so on. A lot of innocent bystanders are going to die. |
| Posted by: James 2011-09-25 15:52 |
| #3 Global catastrophe = death of transnational progressivism and welfare state? |
| Posted by: g(r)omgoru 2011-09-25 15:00 |
| #2 NO plan can change what mathematical laws ordain. |
| Posted by: Glenmore 2011-09-25 14:59 |
| #1 AEP = bollocks. |
| Posted by: Bright Pebbles 2011-09-25 14:41 |