Crash 2 The Sequel!

[Malcolm Robinson]

So Spain gets a banking bailout but let's not call it that. Italian production figures are down the pan which can only mean an even worse balance of payments, Greece is a basket case with the Jackboot firmly on the necks of the indigenous populace and even Germany might see a bank run soon……..

Time for some light relief………….

[Adam Hogg]

So Spain gets a banking bailout but let's not call it that. Italian production figures are down the pan which can only mean an even worse balance of payments, Greece is a basket case with the Jackboot firmly on the necks of the indigenous populace and even Germany might see a bank run soon……..

Time for some light relief………….

Shame its not like that in Brussels.

[Canny lass]

Time for some light relief………….

Where do you find these gems Malcolm!!

[Adam Hogg]

Here is what we should say to the EU for causing so much problems.

Edited June 10, 2012 by Adam Hogg

[threegee]

Where do you find these gems Malcolm!!

EuTube, where else?!

[Malcolm Robinson]

Baldrick: "What I want to know, Sir is, before there was a Euro there were lots of different types of money that different people used. And now there's only one type of money that the foreign people use. And what I want to know is, how did we get from one state of affairs to the other state of affairs"

Blackadder: "Baldrick. Do you mean, how did the Euro start?"

Baldrick: "Yes Sir"

Blackadder: "Well, you see Baldrick, back in the 1980s there were many different countries all running their own finances and using different types of money. On one side you had the major economies of France, Belgium, Holland and Germany, and on the other, the weaker nations of Spain, Greece, Ireland, Italy and Portugal. They got together and decided that it would be much easier for everyone if they could all use the same money, have one Central Bank, and belong to one large club where everyone would be happy. This meant that there could never be a situation whereby financial meltdown would lead to social unrest, wars and crises".

Baldrick: "But this is sort of a crisis, isn't it Sir?".

Blackadder: "That's right Baldrick. You see, there was only one slight flaw with the plan".

Baldrick: "What was that then, Sir?"

Blackadder: "It was !*!@# ".

[threegee]

...

Blackadder: "It was !*!@# ".

It wasn't a cunning plan. It wasn't driven by economics. It was a doctrinaire political ambition, and a "social experiment" embarked on by people who thought they had "vision", but were in fact of rather low intelligence.

Welcome to Bedlington: an early example of what always happens when you put doctrinaire politics and social experiments before hard economics! (added to maintain political balance - did I mention the LD's? )

[Malcolm Robinson]

There are one or two flashes of intelligence displayed at Brussels.................

[Malcolm Robinson]

I haven't given up on this stuff it's just I believe the Euro is like Wile E. Coyote and has run off the cliff into fresh air with only impetus to hold it up. Either that or the ACME Company of economic manipulations is.

It seems clear the Great and Good in Europe are not willing to see their child prodigy, the Euro, disappear because that is the path to political union which is less fraught with things like the need for public consensus! Being in a position of having to impose a Federal State of Europe is probably the end game of many of the current crop of Eurocrats. So hang the expense, it's the proletariat who pay anyway, and let's get on with the Euro party!

We can see various manipulations at play almost daily now and these are really quite criminal. Looking at the Greek election, where a pro-bailout party won, we now see the Greek Bar Association, no less, accusing the Government of criminal deception and rigging the election by using not the latest census but one 10 years old! How many people had died, become of electoral age or moved in the intervening 10 years! Talk about gerrymandering and this from a country which supposedly gave the world democracy!

The latest bailout package ESM has to be ratified by the German Constitutional Court in Karlsruhe. The signs were less than clear this would happen however S&P have just issued a communique stating they see no problems at all and expect a very quick and positive reaction by this court and therefore give the ESM a triple A credit rating? Far be it from me to suggest judges have been nobbled and their decree is now a foregone conclusion!

The Spanish bailout, unlike the Irish and Greek ones before it had no austerity package associated? And just to play national stereotypes for a minute the Irish have even voted for their austerity package while watching other Euro countries get bailed out without any penalties?

If that lot wasn't bad enough we have the Russians cosying up in Cyprus and lending billions of Euros at a fraction of a real interest rate for what……..er influence maybe? Wait until the ships carrying the missiles for the new silos weigh anchor! Also we see Erdogan (It's not a dragon it's a turkey!) across in Turkey eyeing all the potential oil reserves in Greek waters by claiming them for Turkey? Either one of these situations could explode and take us all with it while we steadfastly watch developments in the Middle East leaving our backyard open!

But we'll be OK we have a Sir Humphrey looking out for us………

[Malcolm Robinson]

"the real, ruble and rupee are weakening the most among developing-nation currencies, while the yuan has depreciated more than in any other period since its 1994 devaluation."

This is the sort of outfield play which could upset the main game..........even with all the major players colluding.

A run on any of them will be indicative of major problems for us!

[Malcolm Robinson]

Nigel has been at it again...........long interview but worth the watch.

[keith lockey]

NWO banking

[Malcolm Robinson]

Well it is full of reptiles keith!

[keith lockey]

Well it is full of reptiles keith!

Maybe Icke was right all along. Maybe the 'Illuminated Ones' really are ruling things. The Rs and Rs - the ...childs and the ...fellows..

[Brian Cross]

"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed,

lest Rome become bankrupt. People must again learn to work instead of living on public assistance."

- Cicero , 55 BC

Edited July 2, 2012 by Brian Cross

[Malcolm Robinson]

We all know the great powerhouse of western economic activity, good old Uncle Sam,is having a resurgence and recovery in its fortunes, or that's what the Main Stream Media keep telling us. Pity the employment and unemployment figures tend towards a very different conclusion but then its nearly election time!

There is at least one indicator which cannot be jury-rigged………..

[Malcolm Robinson]

Merve the Swerve has OK'd another £50B worth of QE. I am at a loss as to why anyone would think this works? This now brings the total QE dosh up to £375B and what has been the result………the bankers still make huge bonuses (and fix it so they can't lose) and real people in the economy can't access investment capital?

I will let one of the greatest thinkers of the 20^th century decide…….

Even Rubinstein now says the only real option we have is to see bankers swinging on lamp posts!

And still we put up with this..............

[Malcolm Robinson]

Its the same the world over even if your country is in the deep doo doo!

http://greece.greekreporter.com/2012/07/11/corrupt-tax-inspectors-get-70-year-jail-term-then-released/

[Malcolm Robinson]

Sorry............couldn't resist!

[keith lockey]

INTERESTING!

[Malcolm Robinson]

Sounds like this guy is switched on............

problem is when you get away from a FIAT system it gets harder to make the 'swaps' worthwhile or at least comparable. But then GGG's hyperinflation makes a FIAT system unrealistic anyway...........

[Malcolm Robinson]

http://blogs.telegraph.co.uk/news/danielhannan/100108749/printing-money-is-the-last-resort-of-desperate-governments-when-all-other-policies-have-failed/

[Malcolm Robinson]

Interesting debate............start 10 mins in for anyone with stamina!

[Malcolm Robinson]

Why the Germans CAN afford bailouts..............

http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_17/07/2012_452438

[Malcolm Robinson]

Should have put this in good jokes maybe..........

WHO IS THE ODD MAN OUT - and more importantly - WHY??

Lord Stevenson: FORMER chairman, HBOS

Sir Fred Goodwin: FORMER chief executive, RBS

Andy Hornby: FORMER chief executive, HBOS

Sir Tom McKillop: FORMER chairman, RBS

John McFall MP: FORMER chairman of Treasury Select Committee

Alastair Darling: FORMER Chancellor of the Exchequer

Gordon Brown: FORMER Prime Minister and former Chancellor of the Exchequer

Sir Terry Wogan: FORMER presenter of Radio 2's Breakfast Show

IF you're thinking Sir Terry Wogan, then you're right.

However, the reason may surprise you...

Terry Wogan is the only one out of this motley crew who actually holdsANY formal banking qualification.