Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Varche on 06 September 2012, 17:17:15
-
Now the ECB is going to save the Eurozone and rajoy is going to ask for a bailout even though he said he isn't........
We are all saved :y
More on BBC2 Newsnight tonight at 10.30 GMT
http://www.bbc.co.uk/news/uk-19507180
-
Buying Spanish and Italian bonds will stop Spain defaulting in October when €20bn needs to be refinanced, but it will do nothing to stop the continuing decline of the Spanish economy Greek style. So yes they have kicked the can further down the road, but for how long? It is like sticking a plaster on a patients grazed arm, when they are bleeding to death internally. :o :o :o :o
In Greece there are now 4.9m unemployed or economically inactive people against 3 million odd in employment, and her economic output and GDP were last at this level in the 1990's. So Spain has still got a lot of catching up to do. Capital flight and the shrinking of Spain's economy have been accelerating, so how will these measures correct that? ::) ::) ::) ::)
It also doesn't solve the €300bn+ of bad debts the banks will ultimately need to write off or the even more fundamental problem that the Eurozone is the equivalent of the 1930's Gold Standard, where the standard is German industry's productivity and cost base. Spain wages have increased by about 4% over the last year, so they are still diverging from the German cost standard. :o :o :o :o
If this global depression has taught us anything, it is that can kicking may push the problems into the future, but the next time the can need kicking the situation is much worse and even more money and drastic measures are required. :o :o :o :o
Something somewhere will have to give, there will be a trigger point, when the a big enough percentage of the lower 99% of the people decide they have had enough and nothing to lose in taking direct action to escape the ever increasing grinding poverty. :o :o :o :o
-
At least the economy in the uk has now been saved. Cam morons new law to allow home extensions without planning permission is going to generate a boom in the building industry which will flow through into the economy as a whole - apparently. ::)
If thats the only idea they can come up with to revive the economy,god help us.They are even more dim,distant and out of touch with reality than we ever imagined. ::)
-
Something somewhere will have to give, there will be a trigger point, when the a big enough percentage of the lower 99% of the people decide they have had enough and nothing to lose in taking direct action to escape the ever increasing grinding poverty.
A little known fact is that around a fifth of the EU population officially lives in poverty. Of those 20% are old people , nearly 20% are children.
I agree that something will give. You cannot keep making the poor poorer in order to put right the mistakes of the rich.
Very big demonstration planned in Barcelona next Tuesday.
-
Something somewhere will have to give, there will be a trigger point, when the a big enough percentage of the lower 99% of the people decide they have had enough and nothing to lose in taking direct action to escape the ever increasing grinding poverty.
A little known fact is that around a fifth of the EU population officially lives in poverty. Of those 20% are old people , nearly 20% are children.
I agree that something will give. You cannot keep making the poor poorer in order to put right the mistakes of the rich.
Very big demonstration planned in Barcelona next Tuesday.
I can see this happening more and more not only in Spain, but Greece, Italy, Portugal and spreading.
Up the Revolution ::)
-
Now the ECB is going to save the Eurozone and rajoy is going to ask for a bailout even though he said he isn't........
We are all saved :y
More on BBC2 Newsnight tonight at 10.30 GMT
http://www.bbc.co.uk/news/uk-19507180
Well worth a butchers, I think. :y
-
Id be very interested on how the BBC will portray the EU, Considering they themselves have had handouts from the EU to the tune of something like £147 million in the last year or so. :o :o
-
Something somewhere will have to give, there will be a trigger point, when the a big enough percentage of the lower 99% of the people decide they have had enough and nothing to lose in taking direct action to escape the ever increasing grinding poverty.
A little known fact is that around a fifth of the EU population officially lives in poverty. Of those 20% are old people , nearly 20% are children.
I agree that something will give. You cannot keep making the poor poorer in order to put right the mistakes of the rich.
Very big demonstration planned in Barcelona next Tuesday.
Is the 40% relative poverty or absolute poverty which is defined by the united nations of less than US$2.11 per person per day.
Relative poverty will NEVER go away as you are classed as poor is your money to live on is less than 60% of national average income after tax. This relative poverty measure was devised by socialists and very much liked by professional charities like Save the Children where the CEO's salary is well over £100kpa, enough said.
http://www.mindfulmoney.co.uk/wp/shaun-richards/what-is-poverty-in-the-uk-please-do-not-forget-a-major-cause-which-is-the-poverty-trap/ (http://www.mindfulmoney.co.uk/wp/shaun-richards/what-is-poverty-in-the-uk-please-do-not-forget-a-major-cause-which-is-the-poverty-trap/)
New CEO of Save the Children is one of Gordon Brown's spin doctors.
-
I fail to understand why we put up with all this EU crap. ???
Why do the powers that be refuse to let us have a referendum >:( >:(
-
What happened there then ??? ???
Wrong day mate, it was yesterday (Thursday in case you are reading this on Sunday) :y
-
What happened there then ??? ???
Wrong day mate, it was yesterday (Thursday in case you are reading this on Sunday) :y
Yeah I just lost a day so I put up my second point ;D ;D ;D