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Thread: ECB lends banks €489 billion

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    Attn1 ECB lends banks €489 billion


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    Re: ECB lends banks €489 billion

    I am sure Germany is thinking long and hard about leaving the Euro. I wonder if England is going to get involved to help boost the Euro.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: ECB lends banks €489 billion

    I hope Germany pulls out and leaves Italy and Spain rot in hell. The southern countries have always been weak, and Germany had to pay out the ass to start the EU. It was a bad deal all along.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: ECB lends banks €489 billion

    Quote Originally Posted by American View Post
    I hope Germany pulls out and leaves Italy and Spain rot in hell. The southern countries have always been weak, and Germany had to pay out the ass to start the EU. It was a bad deal all along.
    My fear is if Germany pulls out, will it finalize the EU collapse, taking down more of the global financial market.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: ECB lends banks €489 billion

    Quote Originally Posted by Canell View Post
    "Quantitive easing through the back door." That would be a loan. The only problem is that this loan moves around Europe paying other loans coming due and not creating jobs. Same as in the USA. What did JFK have to say about Central Banks?

    “All problems, depressions, wars, disasters, assassinations, all of them were planned, caused, instigated, and implemented by the International Bankers and their attempt to establish a central bank in every country in the world, which they have now done, thanks to corrupt politicians who have been bought and paid for. This is all you need to know about the history of the world.”
    ~John F. Kennedy

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    Re: ECB lends banks €489 billion

    Quote Originally Posted by Blue_State View Post
    My fear is if Germany pulls out, will it finalize the EU collapse, taking down more of the global financial market.
    You can't cheap the rules of economics forever.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: ECB lends banks €489 billion

    Quote Originally Posted by DaveFagan View Post
    "Quantitive easing through the back door." That would be a loan. The only problem is that this loan moves around Europe paying other loans coming due and not creating jobs. Same as in the USA. What did JFK have to say about Central Banks?

    “All problems, depressions, wars, disasters, assassinations, all of them were planned, caused, instigated, and implemented by the International Bankers and their attempt to establish a central bank in every country in the world, which they have now done, thanks to corrupt politicians who have been bought and paid for. This is all you need to know about the history of the world.”
    ~John F. Kennedy
    Just ignore his post. He always had an anti-corporatist agenda.
    For the serious matters, this isn't something really surprising. The eurozone desperately needs another influx of cash. A collapse will devastate the world, upheaving bonds and stocks, tittering more governments and companies. No matter what the idiots say, we cannot afford a eurozone collapse.
    It would make the Great Recession look like Christmas. The consequences will be unimaginable
    "The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all" - Joan Robinson
    "The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries" - Winston Churchill

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    Re: ECB lends banks €489 billion

    Quote Originally Posted by Proud South Korean View Post
    Just ignore his post. He always had an anti-corporatist agenda.
    For the serious matters, this isn't something really surprising. The eurozone desperately needs another influx of cash. A collapse will devastate the world, upheaving bonds and stocks, tittering more governments and companies. No matter what the idiots say, we cannot afford a eurozone collapse.
    It would make the Great Recession look like Christmas. The consequences will be unimaginable
    I'll quote another president, just for you.

    “The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.”
    ~Thomas Jefferson to Albert Gallatin, 1803.

    And you think I have an anti-Corporatist agenda. I remember the ROK Tigers from Vietnam as great warriors. You don't seem to fit the mold.

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    Re: ECB lends banks €489 billion

    This has far less to do with capitalism then it does with governments spending money they don't have on social programs they cannot afford. If the markets collapse, it will be because Governments promised services they couldn't afford.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: ECB lends banks €489 billion

    Quote Originally Posted by Blue_State View Post
    I am sure Germany is thinking long and hard about leaving the Euro. I wonder if England is going to get involved to help boost the Euro.
    I don't agree with this. If Germany leaves the Euro they are going to face a world of hurt.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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