WTF does Greece have to do with anything? - Page 2

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[ARCHIVED THREAD] - WTF does Greece have to do with anything? (Page 2 of 2)

Posted: 9/19/2011 6:41:55 PM EDT

[#1]

Quoted:
We know they are the suck financially and they are going to fail.

So why all this crap on wall street?

People have loaned the greeks money. The greeks cannot repay that money. There are other countries like Spain and Italy in similar straits. When you don't pay the mortgage the bank can take the house...but what, exactly, do banks and other countries who have lent the careless medeteranian peoples money do to get their money back from a sovereign nation?

Posted: 9/19/2011 7:05:41 PM EDT

[#2]

Peak feta.

Posted: 9/19/2011 7:27:03 PM EDT

[#3]

Quoted:
Peak feta.

And peak gyros.

Posted: 9/19/2011 9:22:50 PM EDT

[#4]

Quoted:

Quoted:
In addition to the domino affect on large parts of Europe, there is another factor. Some one commented on the Euro going bad is good for the dollar, unfortunately that is wrong. Why? The IMF, the fact that the US is the largest contributor and that Geitners plan is to print dollars to buy euros to save Europe.

Welcome to the down side of a global economy.

When the Europeans run on their banks they won't want Euros or Gold...they'll want the US Dollar.

As the Dollar strengthens, commodities fall...

OUR Dollar still is the World's 'Gold Standard'

Things are bad here, but will be much worse around the Globe.
We just need new Leadership in this country, to begin the 'reset', and hopefully prevent the next World War

How long will OUR dollar be the Gold standard if Geitners pan to print dollars and buy Euros is executed? How long will OUR dollar be the Gold standard when billions in loans from European banks are defaulted on? How long will OUR dollar be the gold standard when the government sends trillions to bail our Europe through the IMF?

IMHO not very fucking long.

Posted: 9/19/2011 9:39:23 PM EDT

[#5]

Quoted:
Because they cooked the books to begin with, took the French's and German's money, and spent it on "free shit for everyone!", a 3rd world national army for 1st rate price, and marbled streets in Athens!

And here in America...
We've cooked the books, took money from everyone with a bank account willing to loan us a dime and spent it on "free shit for everyone"...
Gave shit pots of cash to NATO to fund their armies.... and spent more of our money on our own army to defend the low life's in Europe, Japan, Korea, etc, etc to spoiled to defend themselves... We give money to the UN so they can screw us...

If the EU fails economically, so does a lot of the rest of the world along with us.

On the upside we have these two big oceans to keep the starving masses away...

I'm cranky tonight...

Posted: 9/19/2011 9:55:56 PM EDT

[#6]

So why all this crap on wall street?

Bank loans Greece money. Greece can't repay money and any collateral is worthless––bank takes loss. Many billions of dollars evaporate. The bank that lent the money fails. No banks, no credit, equals a much smaller economy.

That's exactly what happened in the great depression as banks across the US failed.

Posted: 9/20/2011 2:39:02 AM EDT

[#7]

Quoted:

If Greece were to fail, well, there would go the world's supply of feta, olives, and baklava. Is that something you are willing to live with OP??

All of them can easily be supplied by Turkey, in higher quality lower cost ways.

The world's now safe.

Posted: 9/20/2011 3:33:17 AM EDT

[#8]

Quoted:
If Greece were to fail, well, there would go the world's supply of feta, olives, and baklava. Is that something you are willing to live with OP??

Damn it Peak Olive Oil!!!!

Posted: 9/20/2011 3:37:20 AM EDT

[#9]

Quoted:

Quoted:

In addition to the domino affect on large parts of Europe, there is another factor. Some one commented on the Euro going bad is good for the dollar, unfortunately that is wrong. Why? The IMF, the fact that the US is the largest contributor and that Geitners plan is to print dollars to buy euros to save Europe.

Welcome to the down side of a global economy.

When the Europeans run on their banks they won't want Euros or Gold...they'll want the US Dollar.

As the Dollar strengthens, commodities fall...

OUR Dollar still is the World's 'Gold Standard'

Things are bad here, but will be much worse around the Globe.

We just need new Leadership in this country, to begin the 'reset', and hopefully prevent the next World War

How long will OUR dollar be the Gold standard if Geitners pan to print dollars and buy Euros is executed? How long will OUR dollar be the Gold standard when billions in loans from European banks are defaulted on? How long will OUR dollar be the gold standard when the government sends trillions to bail our Europe through the IMF?

IMHO not very fucking long.

I agree, but nothing will change until OUR Dollar no longer dictates the value of commodities.

I'm not happy with the money printing, but I'm beginning to understand why they are doing it.

In the end, the World barters with US Dollars.

Our Government always over-reacts when OUR Dollar is threatened; Wars, Money Printing, Low Rates...They forget WE are a Free-Market Capitalists.

WE go through tough times; the rest of the World 'Starves'...and WE wonder why everyone doesn't love US.

World Governments are panicked about Global Anarchy...If WE don't Participate, they don't exist.

In my opinion.

Posted: 9/20/2011 3:48:43 AM EDT

[#10]

Even small players on the world scale can cause huge waves when they go T.U.

The amount of money we're talking about is not just a mortgage or car payment that a bank can shuffle around and brush off. The ripples in the banking industry will reach around the world.

The lesson is that...

Well...

I guess...

Greeks are fucking losers.

Posted: 9/20/2011 3:53:57 AM EDT

[#11]

Quoted:

Quoted:

In addition to the domino affect on large parts of Europe, there is another factor. Some one commented on the Euro going bad is good for the dollar, unfortunately that is wrong. Why? The IMF, the fact that the US is the largest contributor and that Geitners plan is to print dollars to buy euros to save Europe.

Welcome to the down side of a global economy.

When the Europeans run on their banks they won't want Euros or Gold...they'll want the US Dollar.

As the Dollar strengthens, commodities fall...

OUR Dollar still is the World's 'Gold Standard'

Things are bad here, but will be much worse around the Globe.

We just need new Leadership in this country, to begin the 'reset', and hopefully prevent the next World War

That is why gold is a store of wealth, not a investment.

Gold goes down = The Dollar goes up or vise versa

The Dollar is the standard but we owe $14 trillion+ ourselves ..........kinda funny

Posted: 9/20/2011 4:00:25 AM EDT

[#12]

Quoted:
G, S, P , Italy, France, Germany........

Greece is a cork.

Not really. It's a bellweather at this point. The market has already abandoned Greece. The ECB is the only tissue of a lie standing between Greece and their inevitable default.

The wolves are already scratching at the door of Spain and Italy.

I really hate the word "contagion" they keep using, like when Greece collapses, that will "spread" to the rest of the periphery of Europe. That ignores the fact that the other PIIGS are already rotten and full of bad debt... "saving" Greece cannot possibly save them.

Posted: 9/20/2011 4:58:41 AM EDT

[#13]

Quoted:

Quoted:

If Greece were to fail, well, there would go the world's supply of feta, olives, and baklava. Is that something you are willing to live with OP??

Damn it Peak Olive Oil!!!!

Same thing, we got great olive oil to sell too. Absolutely delicious. When all other Mediterranean countries go down, you'll bang on our doors begging for olive oil

Posted: 9/20/2011 6:32:46 AM EDT

[#14]

Quoted:

Quoted:

In addition to the domino affect on large parts of Europe, there is another factor. Some one commented on the Euro going bad is good for the dollar, unfortunately that is wrong. Why? The IMF, the fact that the US is the largest contributor and that Geitners plan is to print dollars to buy euros to save Europe.

Welcome to the down side of a global economy.

When the Europeans run on their banks they won't want Euros or Gold...they'll want the US Dollar.

As the Dollar strengthens, commodities fall...

OUR Dollar still is the World's 'Gold Standard'

Things are bad here, but will be much worse around the Globe.

We just need new Leadership in this country, to begin the 'reset', and hopefully prevent the next World War

That is why gold is a store of wealth, not a investment.

Gold goes down = The Dollar goes up or vise versa

The Dollar is the standard but we owe $14 trillion+ ourselves ..........kinda funny

We owe nothing in reality; We could make the argument that Nations buying our 'Debt' is a way to pay back America for forgiving 'Their' Debt to US, after they couldn't rebuild on their OWN.

We never add to OUR 'Empire', WE just plant OUR Dollar into the Reserves.

What will really be hilarious when Greece defaults....watching all the Foreign Nations lining up for their 'do over'

...Of course, WE the People will be enslaved to the Debt created, but at least WE will be 'Free-Slaves'

Posted: 9/20/2011 6:51:01 AM EDT

[#15]

thats why I got out of the fucking worthless stock market and the even more worthless agents, its all speculation, might as well go to vegas at least there you have a fair fight

Posted: 9/21/2011 4:15:38 AM EDT

[#16]

Greece Is Blackmailed by Markets: Finance Minister....Default and, eventual, carnage a coming...

Posted: 9/21/2011 5:10:25 AM EDT

[#17]

She was the pride and the passion of Dixie
She did exactly what her daddy had planned.
She was perfect little sister
until somebody missed her
and they found her in the bushes with the boys in the band
But the Greeks don't want no freaks
The Greeks don't want no freaks