Financial collapse is upon us. (salaries, payments, invest, economy)

[slackjaw]

Originally Posted by modeerf

If you can laugh at me or laugh with me, it don't matter to me.

It is the former, at your ability to lie to yourself when chasing a conclusion that leads you to continue the constant cycle of making asinine predictions then following up each wrong result with "but not for long"

[wawaweewa]

Originally Posted by Libohove90

I've never liked George Soros or much of what he has to say. He is a socialist...a really rich Socialist.

Love him or not the guy knows how to make money and predict world trends.

Don't shoot the messenger.

[modeerf]

Originally Posted by slackjaw

It is the former, at your ability to lie to yourself when chasing a conclusion that leads you to continue the constant cycle of making asinine predictions then following up each wrong result with "but not for long"

Your ability to attack is getting better with practice.

[modeerf]

UniCredit warns rights issue investors of euro break-up - Telegraph

Center for Economics and Business Research (CEBR) says that Euro collapse starts this year.

Eurozone collapse 'starts this year' says CEBR - Telegraph

[wawaweewa]

Originally Posted by modeerf

UniCredit warns rights issue investors of euro break-up - Telegraph

Center for Economics and Business Research (CEBR) says that Euro collapse starts this year.

Eurozone collapse 'starts this year' says CEBR - Telegraph

Some countries will leave the euro but that will only strengthen the euro monetarily. It will weaken the EU politically.

I actually think it will have a positive effect on the world economy.

I don't think the EU will collapse. It'll be restructured to better fit reality. As it stands now, the EU is a drag on the world economy.

[modeerf]

Originally Posted by wawaweewa

Some countries will leave the euro but that will only strengthen the euro monetarily. It will weaken the EU politically.

I actually think it will have a positive effect on the world economy.

I don't think the EU will collapse. It'll be restructured to better fit reality. As it stands now, the EU is a drag on the world economy.

What causes you to believe that the EU will hold up.
If the PIIGS leave the Union? Won't that really be a collapse?

Maybe i should ask what countries you believe will leave.

[wawaweewa]

Originally Posted by modeerf

What causes you to believe that the EU will hold up.
If the PIIGS leave the Union? Won't that really be a collapse?

Maybe i should ask what countries you believe will leave.

Collapse? Depends on how you view collapse. It'll lead to more cohesion within the core when all is said and done.

The PIGS have about as much in common with the Northern/Central/Western Europeans as Americans have with Mexicans.

The EU as it stands now was and is just a wet dream of technocrats but is not rooted in reality.

Greece has the highest chance of leaving the euro. The impact will be relatively small.
Italy will most likely stay for the time being because of Northern Italy.
Spain will also stay for time being because the elite (starting with the monarchy) are more so Northern/Central Europeans than Mediterranean.
Portugal can go either way. See Greece.

The fear is among the technocrats; about the EU politically. If the Euro sheds the weak players it actually strengthens. If the EU sheds nations it becomes weaker.

What will ultimately happen is that the EU politically will becomes like the UN (symbolic). While the euro monetary core will be akin to the security council where real decisions are made.

[Escort Rider]

Originally Posted by modeerf

Your ability to attack is getting better with practice.

Actually, Slackjaw's ability to attack has always been good. Modeerf, you don't seem to realize that you set yourself up to be attacked; you just about beg people to attack you. Or maybe you do realize it. Isn't that the whole point - the way you have fun here? Or do you have some personality quirk which needs to believe in a negative and catastrophic future and which overrides logical, rational, and dispassionate analysis? Your dead certainty that we are about to collapse, and especially the fact that it continues to fail to happen and you continue to postpone your predictions, makes you a laughingstock. I would suggest your posting in the Self-sufficiency and Preparedness Forum, where you will find a much higher percentage of nut cases, er, I mean like-minded people.

[modeerf]

Originally Posted by Escort Rider

Actually, Slackjaw's ability to attack has always been good. Modeerf, you don't seem to realize that you set yourself up to be attacked; you just about beg people to attack you. Or maybe you do realize it. Isn't that the whole point - the way you have fun here? Or do you have some personality quirk which needs to believe in a negative and catastrophic future and which overrides logical, rational, and dispassionate analysis? Your dead certainty that we are about to collapse, and especially the fact that it continues to fail to happen and you continue to postpone your predictions, makes you a laughingstock. I would suggest your posting in the Self-sufficiency and Preparedness Forum, where you will find a much higher percentage of nut cases, er, I mean like-minded people.

I'm surprised by your response ER. If you don't realize what many well respected economists around the world are warning about, how do you calculate your investment strategy?

I haven't postponed any prediction. I have been wrong in predicting the timing of BAC's stock price, but not in the eventuality of its restructuring.

Having fun on a forum is part of it, exaggerating my positions like you and slackjaw have done is fun for you. The point is, this economy has collapsed, will continue to collapse, and will continue to reveal itself in war, disease, suffering and a unbalanced wealth redistribution that everyone is feeling and will continue to feel.

Hide your head in the sand if you choose.

Your getting pretty good at attacking as well.

[modeerf]

Originally Posted by wawaweewa

Collapse? Depends on how you view collapse. It'll lead to more cohesion within the core when all is said and done.

I think when we have a real unemployment in the US over 15%, that in itself is a collapse of our ability to solve problems.

The core is corrupt, and will eventually effect the whole.

The PIGS have about as much in common with the Northern/Central/Western Europeans as Americans have with Mexicans.

The EU as it stands now was and is just a wet dream of technocrats but is not rooted in reality.

The commonality is dependence on what each provides. Mexico is the 2nd largest supplier of our imported oil. Oil is life. It is tied to population and happiness. Take away the hope of the pursuit of happiness and you will have chaos. In Europe and in the US. Europe is on track to have extreme civil unrest due to the austerity pressures that the Techonocrats wet themselves over. Our trend is collapse, it isn't happiness.

Greece has the highest chance of leaving the euro. The impact will be relatively small.
Italy will most likely stay for the time being because of Northern Italy.
Spain will also stay for time being because the elite (starting with the monarchy) are more so Northern/Central Europeans than Mediterranean.
Portugal can go either way. See Greece.

I like your optimistic attitude toward Greece's importance, but it never ceases to amaze me that no crisis goes unpunished towards the commoners.
They carry the brunt of the Techno's decisions. Europe doesn't have the right to keep and bare arm's. The US does. There is a great difference to how each will react to austerity.

The fear is among the technocrats; about the EU politically. If the Euro sheds the weak players it actually strengthens. If the EU sheds nations it becomes weaker.

What will ultimately happen is that the EU politically will becomes like the UN (symbolic). While the euro monetary core will be akin to the security council where real decisions are made.

Do you really believe the UN is symbolic? The UN has moved it's agenda throughout the US, in terms of climate, environmental regulations, Agenda 21 is alive and well in every planning dept. in the US. The US didn't approve of it, but it is the Bible of Enviro's and Regulationista's.