EU on brink: France declares 'state of economic emergency', Germany faces financial ruin.

a reply to: ManFromEurope
Don't ruin the party. Economic financial collapse will be fun, we will all be free to live out our apocalyptic fantasies and live off the grass and puddle water at least we have plenty of that in Europe.

HAHAHA
Crash and Burn bitches!

This is no surprise after what already happened to the weaker nations in the EU. The problem was always going to hit them first and it was always going to take longer to get the stronger nations. This is all basic common sense and politicians and banks are either f..king incompetently stupid or they knew what would and was going to happen once Greece, Spain and Portugal went bankrupt!

One the smallest scale (an individual) has very little physical cash and huge debts and cannot generate sufficient physical cash income he is eventually f..ked. The same applies to a small business, a corporation, a bank, a country, a continent, the world!!

Watch it all unfold and see the consequences.

The economics of the last 30 years are not a model for sufficiency for the peoples of this world. A new model is required and a reset in the distributed wealth of nation states. The only way to improve things for the future is to stop the greed model, take back to nation states 80% of the individual wealth accumulated by those who have caused the problem in the first place. Re-distribute that wealth by issuing each individual with a financial pick me up to get everyone back on their feet.

A ceiling should be put on how much wealth one individual can have eg. 100 million and everything over that should be tax. The monies should be used to ensure debt is cleared, issuing of a pick me up, sufficient infrastructure, housing, education, health etc.

Taxes for the high bracket should be 60% and for the middle 25% and low 10%

This is the policy required for a nation states security and provisioning of its people for the future.

First of all- I agree, Hollande is an asshat. I've been saying that ever since he first ran for president.
A pretty large part of the french masses carry this socialist concept that the governing power has a secret stash of riches they just aren't sharing....the expression used for such actions refers to "débloquer" funds- to release them, like opening a dam... or a magic chest.

They also share the american type of paternal focus- the daddy-president is responsible for fixing all problems, and all problems are his fault.

It is 2 billion euros he speaks of (not trillion) and he says it would be entirely raised by cutting spending elsewhere and counting tax breaks for employers as part of that sum.

I am all for backing out of the euro, as are many at this point, which is why I think it doesn't matter too much what Hollande promises now. But- contrary to what some commenters seem to suggest here, that doesn't mean an end to fiat currency...? It just means our fiat currency will revert back to the Franc instead!

But the current problems of unemployment, I don't see as being the fruit of socialist notions exclusively.
(for one, notice the USA is in trouble too they have a little debt problem themselves, though they have much less socialist influence..)

But there is a combination of problems, the economic system needs to be totally reworked because of the changes the internet and computers brought to the market, which haven't been adjusted to. That took out many jobs.

Then we had the (capitalist) growth of big corporations that took over small business. That has been happening so fast one can watch it in real time around your own town! In one year I've watched most of our small businesses in town close, because the big grocery type chain stores took over, along with McDonalds, Starbucks, KFC, and this year, Burger King .

No more reason to buy bread from the traditional baker on the corner, when you can get an industrialized cheaper bread at the grocery store. All these businesses have computerized system for payment, whether you go there in person or order over the web. I noticed our McDonalds doesn't even have the option of ordering from a real person anymore- it isn't possible. They just have the minimum amount of employees in the kitchen, period.

This type of problem is caused by capitalism and the search for ever growing profit by any way possible- not socialism.
This is referred to, in Europe, as the "American" model, taking over here.

It does not at all work with the traditional concepts of security and stability, which impact the flexibility of the work market.
It does not mix well at all with the traditional values and practices, in terms of education and experience.

So, to adapt to the american model which has rolled and in taken over, there needs to be a total revamping of the systems and even of the long standing cultural values and traditions which worked for them in the past, without that influence.

a reply to: Bluesma

There is one thing I haven't seen in my entire life about France : France with a budget that is not in deficit.
Since the 70's French public debt rose to reach over 90% of France's GDP.

This will be another opportunity for everyone to see how useful and relevant those rating agencies really are.

a reply to: elementalgrove

Yes and the deflected gloating how this is about the failure of socialism have completely missed the point that to achieve abasement of cash is actually about the destruction of democracy.

What we are seeing is a world divided in false political debate whilst the controllers pursue fiscal hegemony.

a reply to: Enlil2215

Which is why 'they' must first destroy the will of the people, make them desperate. Weaken them to instil gratitude and acceptance for the introduction of global electronic 'credit and debit' system/s.

a reply to: woodwardjnr

That was exactly the gist of the discussion I witnessed here. Me, being a spoilsport, tried to drown this sorrow-party - which turned out to be a celebration.

For whatever cause that is. Happy that the world would go down the drain? Yeah, thank you, the rest of society would like those people to stay indoors and don't try to enter real live.. Oh look, there are some minor points in the last Mad Max-movie which you did forget to contemplate!

May I suggest that everyone start collecting The Flanian Pobble Bead (or very small pebbles may work also) I know that this is really not all that funny but what else can we really do ?

a reply to: ManFromEurope
Mad max scenarios are a wet dream for many ATS users, they care not who would suffer in the long run

Has anyone considered what may come if the EU was dissolved?

N....W....O

Hard for a single country to say 'NO' without the help of it's neighbours.

Be careful what comes next my friends.

a reply to: teapot

Sadly I think you're right though. The game doesn't really ever change does it? But then again how can it when people don't even know that they're still playing even after they've lost?

a reply to: gladtobehere
Not to be lame but the daily express is very anti EU. Are there other, less biased sources for these claims?

Meanwhile, the Bank of Japan has today adopted negative interest rate at 0.1%, prompting market surge (proper BoJ job?).

www.theguardian.com...

European stock markets have got off to a strong start:
FTSE 100 index is up some 60 points at 5991.81, a 1% gain

Germany’s Dax up nearly 140 points at 9776.91, a 1.4% gain

France’s CAC up 67 points at 4389.05, a 1.6% gain

originally posted by: woodwardjnr
a reply to: ManFromEurope
Mad max scenarios are a wet dream for many ATS users, they care not who would suffer in the long run

It is not a matter of any kind of doom porn mad max scenario, at least from my perspective.

It is a simple matter of balance. The debt slavery that has engulfed the world through a network of central banks and their brutal tactics has caused war and suffering to many throughout the world really the vast majority of the world.

All of this accomplished by an elite few controlling the print of monopoly money and using this mechanism to corrupt governments and steal resources, resulting in the monopolization of multinational corporations that are above governments like their bankster owners.

To believe that it can continue is absurd. The debt needs to be wiped and the guilty held accountable. I believe that Iceland is a fantastic example of how this can be accomplished without a "mad max" scenario. Granted it was a small scale however the point remains the same.

a reply to: mikkelno

I doubt that there are credible sources.. This is anti-EU wishful thinking, mixed with falsed statistics and wrong conclusions.

But hey, its friday, why not?
Lets have a beer on the weekend, everybody!

a reply to: elementalgrove

There ARE ways, see Iceland. But those are hurting the wrong people. At least those people think that it would hurt the wrong people (themselves) and that will not happen, as they are in the right.

Sooo. They will find ways to hurt the right people. The right people in *their* minds, of course.
Which would be everybody else. See ->proletariat, working class, working idiots, slaves.

originally posted by: ManFromEurope
a reply to: elementalgrove

There ARE ways, see Iceland. But those are hurting the wrong people. At least those people think that it would hurt the wrong people (themselves) and that will not happen, as they are in the right.

Sooo. They will find ways to hurt the right people. The right people in *their* minds, of course.
Which would be everybody else. See ->proletariat, working class, working idiots, slaves.

This is where the people need to rise up and demand accountability. You can not simply allow those who caused the crisis be the ones who decide how to handle it.

Here in America, we saw the result of such an approach when the criminals who caused the de-regulation of banks leading to the 07-08 robbery, get placed in positions of power immediately afterwards.

The notion that we need the elite and their system is what needs to change.

Iceland was and is on point and a shining example of what the people can accomplish when they are united!

a reply to: gladtobehere

Nonsense.

We have very low rate of workless people in Germany.
The number that it´s all about is if we keep writing black numbers or need to lend more this year. We are the only country in Europe trying to NOT lend money every year. That´s what it´s all about. It´s a Schäuble thing.

Nothing to worry.

To highlight ManFromEurope

originally posted by: ManFromEurope
I have to disappoint all you doom-proners

, but Germany does not have financial problems, its industry is growing as usual and Schäuble (treasury secretary) did announce a surplus regarding the GDP in the tens of billions.

Sources needed? Because I too lazy to quote several German newssites.

Exactly

I find it a little bit disturbing how some people are lucky about the thought that millions of people will have a bad time.

originally posted by: ManFromEurope
I have to disappoint all you doom-proners

, but Germany does not have financial problems, its industry is growing as usual and Schäuble (treasury secretary) did announce a surplus regarding the GDP in the tens of billions.

Sources needed? Because I too lazy to quote several German newssites.

After reading the quotes from the source articles, I kind of figured the whole thing was made-up bunk. I also thought Germany was doing just fine, and the OP was the first I heard that there was weakness, let alone massive stagnation/shrinkage in Germany. So we're basically looking at what amounts to the financial version of the Bat-Boy story...