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Originally posted by marg6043
reply to post by Shenon
We humans were mean to be resilient, but a system of control has made humanity become confuse about its own abilities to prosper after chaos.
It is a reason why we are still around as a species is because we are crafty and innovative.
I say a big crash will just shake the big fat cats in power, the regular hard working Joe will keep doing business as usual and will always find a way to get buy.
Originally posted by Shenon
reply to post by Jepic
You can plan ahead as much as you want,but one mistake,one unexpected complication or a Rival who wants all the Power to himself means you can throw your carefully crafted "Plan for World Domination" right into the shredder.
Even if you have alot of Power,there is always something,or someone,who can and will trash you. Happens all the Time.
Originally posted by Pseudonaut
Enough with the sensationalist headlines. In what world do you live that a one notch downgrade rating equals "done."
A downgrade is a bad thing -- there's no debate there. But, OP, when alarmists like you exaggerate things to nuclear levels such as this, you're become as much of the problem as the bankers who got us into this mess in the first place.
Norbert Barthle said the warning could help Mrs Merkel and French President Nicolas Sarkozy to push through their plans for greater budget discipline.
Originally posted by 5mok3r
I fear the power rats will be one step ahead of any meltdown
S&P PLACES LARGE BANK GROUPS ACROSS EUROZONE ON WATCH NEG - BNP, SocGen, Commerzbank, Intesa, Deutsche... pretty much everyone.
EUROPEAN UNION'S AAA RATING MAY BE CUT BY S&P
In short: Commerzbank AG, Natixis S.A., Credit Agricole S.A., Eurohypo, Deutsche Bank L-T counterparty credit rating, Deutsche Postbank AG, Intesa Sanpaolo,Societe Generale L-T counterparty credit, UniCredit SpA, Credit Du Nord L-T counterparty credit, Comapgnie Europeenne de Garanties et Cautions, Credit Foncier de France, Locindus S.A., Rabobank Nederland, CACEIS, Banca IMI SpA, Ulster Bank, Banque Kolb, Bank Polska Kasa Opieki S.A. ratings may be cut by S&P.
Basically, S&P just told Europe it has two days to get the continent in order or else.
A day when everything that could go wrong for the euro and eurozone has just gotten worse. Hours away from the completion of the summit, whose failure will unleash a nuclear bomb of serial downgrades by S&P (let along expose frauds such as Sarkozy and Olli Rehn who claim, yet again, that the world will end a solution is found), The Telegraph writes that the summit is already in tatters after a rebellion and threats by Finland, Holland and Ireland are poised to scuttle the summit. Louise Armistead reports that 'Finland’s grand committee said decisions made by the ESM – the eurozone’s permanent bail-out fund set for launch in 2012 – had to remain unanimous, and not changed to the “qualified majority” that French president Nicolas Sarkozy and German chancellor Angela Merkel have agreed. The Finns are backed by the Netherlands, which fears proposals to withdraw veto powers from the ESM is an erosion of democracy and would make it vulnerable to funding bail-outs without recourse. Meanwhile, the Irish want to block plans for the “convergence and harmonisation” of the eurozone’s “corporate tax base”.