Lol Louis Louis you never fail to get a laugh from me
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Something worse. We export the name of a Portuguese born mercenary/traitor who sold himself to the Spanish crown (Against the Manueline Ordenances), to sail around America and reach the Mollucas, on the name of our home-produced laptops.Magalhães/Magellan
http://pt.wikipedia.org/wiki/Port%C3...Magalh%C3%A3es
Germans suspect French Banks of using the ECB to ditch Greek debt, and thus clear up their balance sheets, whilst German banks do the noble thing and agree to hold onto Greek debt until 2013.
the EU transfer union is now in full swing:
http://www.spiegel.de/international/...697680,00.html
Can anyone place this in context? Say, international banking within the last 50 years?
Value is based on perception. I'm beginning to perceive financial institutions as fiction authors.
With Pensions the rate of churning has massively increased over the last 60 years. Since few are aware, there's good commission in doing almost nothing repeatedly.
~:smoking:
So the Germans are taking over smaller European countries in the name of stability.
I've seen this movie before
time to introduce the Neuro:
http://www.telegraph.co.uk/finance/c...ean-dream.html
welcome to the Neurozone!
interesting article on Britain's problems:
http://www.telegraph.co.uk/finance/c...oing-bust.html
Too much our our debt is index-linked to inflation to let us get away with inflating our way out of debt.
that is a stupid sentiment, for one simple reason; you cannot buck the markets when you require 10% of your annual spending from market lending.
markets take a risk in lending to government, so they charge an interest rate, if they hold debt to which they have little confidence the government intends to repay, then they are right to dump it on some other market player with a higher tolerance for risk.
i will support punitive measures against market speculation ONLY when governments get their own affairs in order and stop spending well in excess of the revenue.
The ECB was located in Frankfurt for a reason, to let a culture of German monetary discipline seep through in its workings.
I want stern, pointy-helmeted Teutons, preferably devoid of any sense of humour too, to govern the currency. Curse the modern Germans, their modesty and their allergy to rule others!
Spoiler Alert, click show to read:
we can only hope that such a culture permeates germany's neighbours, but it does indeed appear that germany is acquiring some self confidence.
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interesting parallel between how estonia dealt with the crisis compared to greece:
http://www.spiegel.de/international/...698299,00.html
the Bilderberg group is getting the jitters over the Euro's survival:
http://www.timesonline.co.uk/tol/new...cle7142478.ece
Bah nothing to see here everyone knows it's the Grand High Lizard Queztaclejythasd who give the Bilderbergers there orders, even now I can feel the radio waves bouncing off the tinfoil I am using to block the brainwashing.
In fact i found a picture of her from her cloaked battleship
Spoiler Alert, click show to read:
Speaking of Bilderbergers though the Trilateral Commision met in the Four Seasons in Dublin recently
Big money boys back pressing the flesh as potential investors gather
No crisis for Cowen as he keeps the economic big-wigs waiting
Hmm. Furunculus' link is sure an interesting read, as is what a commenter posted: http://gregpytel.blogspot.com/