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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Europe's Web of Debt
PostPosted: Tue Nov 01, 2011 10:51 am Reply with quoteBack to top

graphic showing the interconnected debt of the PIIGS

http://www.nytimes.com/interac.....marsh.html

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"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Europe's Web of Debt
PostPosted: Tue Nov 01, 2011 4:58 pm Reply with quoteBack to top

the european states are for sure in deep doodoo but the big bummer under the rug is that the US states are in worse shape...

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There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Europe's Web of Debt
PostPosted: Mon Jan 30, 2012 11:17 pm Reply with quoteBack to top

Image

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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achtung
Nitroglycerin


Joined: 03 Jun 2010
Posts: 716
Location: Germany

Re: Europe's Web of Debt
PostPosted: Sat Feb 11, 2012 4:04 am Reply with quoteBack to top

I learn so much from spam posts ....

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“Debt and deficits are not inventions of ideology. They are facts of arithmetic.”

– Paul Martin
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Europe's Web of Debt
PostPosted: Mon May 14, 2012 4:17 pm Reply with quoteBack to top

the venerable Art Cashin on Greece exiting the Euro

http://video.cnbc.com/gallery/.....amp;play=1

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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achtung
Nitroglycerin


Joined: 03 Jun 2010
Posts: 716
Location: Germany

Re: Europe's Web of Debt
PostPosted: Wed May 16, 2012 10:13 pm Reply with quoteBack to top

Certtainly looks as though the politicians are readying the market for the eventual exit of Greece from the Euro.

Should be good for all,..... Maybe in the next century.

_________________
“Debt and deficits are not inventions of ideology. They are facts of arithmetic.”

– Paul Martin
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