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(POLL) If Spain Can't Bail Out It's Own Banks ....

MsMorrisineMsMorrisine Posts: 33,012 ✭✭✭✭✭
in Precious Metals
Can Germany bail out the rest of the PIIGS Nation?

Who Cares!



The Poll is new to reflect new views on my part.



Greece hasn't fully failed yet, but the contaigion is spreading, right?


----> Should we just "Let Them Fail" and not worry about spreading contagion anymore?

Current maintainer of Stone's Master List of Favorite Websites // My BST transactions

Comments

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Greece hasn't fully failed yet, but the contaigion is spreading, right?

    They've failed enough to hold back the US market and has had a direct impact on what Metals are doing due to stronger Dollar and weaker Euro. In my mind, they've already failed, next.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Until the bankers are prosecuted for theft instead of being given free reign to create money in order to buy whoever they need to buy, they will continue to run the political process and the markets.

    Yes, it really is an international banking conspiracy by the global banking cartel. Yes, it really is.

    We elect wimp politicians to represent our own petty interests, and they are all too happy to sell us out at the first notion that they can retire wealthy for life.

    The only reason that anyone talks about contagion is because the bankers want you to be too afraid to actually look at the man behind the curtain.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭
    too afraid to actually look at the man behind the curtain.

    Ourselves?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,791 ✭✭✭✭✭
    The days are numbered for banks as we know them. They are their own worst enemy (greed) and will do themselves in, but only after financially ruining their account holders and taking down a good bit of the economy. Remember, they are not gambling with their own money - they are gambling with depositors' money and a whole lot of make believe money. The house of cards is showing its sinking foundation. A good cleansing will probably be the best thing in the long run.

    History will show that the decision not to break up the big banks at the first hint the entire economy depended on their success was the mistake that could have prevented what lies ahead. We will witness the rot purging itself.

    Metals showing some traction this morning, let the purging begin!

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Ourselves?

    No, not really. I allude to the unholy alliance between the banking elites who prefer chaos, with the counterculture activists who prefer an unrealistic, marxist, socialist utopianism over a democratic republic form of governance.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • bronco2078bronco2078 Posts: 10,212 ✭✭✭✭✭


    I don't think the EU was supposed to work in the first place. It was just a con job designed to fleece the southern countries and enrich the northern.

    The northern hustlers always saw the "Dolce Vita" crowd as easy marks. They rolled them , emptied their pockets and left them in an alley.













  • fishcookerfishcooker Posts: 3,446 ✭✭
    Their south had money to begin with?
  • johnny9434johnny9434 Posts: 28,304 ✭✭✭✭✭
    all these bail outs are getting old. let them go ( we survived it before will survive it again )
  • bronco2078bronco2078 Posts: 10,212 ✭✭✭✭✭


    << <i>Their south had money to begin with? >>




    Maybe don't have money but they have beautiful property and its going down in value.

    spanish real estate is down another 25%


    The north always liked to vacation in spain why not pick up a 2nd home there while prices are down. A greek island would be nice too image

    With the italians sitting on 2400 tons of gold they might still have options the other two don't
  • fishcookerfishcooker Posts: 3,446 ✭✭
    10-4 on that. The south is advisable for chicks, food, and real estate. Your order may vary. image
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