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Thread: European Central Bank adopts negative interest rates

  1. #71
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    Re: European Central Bank adopts negative interest rates

    So, the Lefties once again are attempting to force everyone into accepting and supporting their socialist utopian ideals and dreams, which are largely based on false or faked science and manufactured crisis, and exaggerated technical claims, so they utterly fail.

    Many on this thread make statements that this is ALL based on "XYZ", such as the Euro, or the Monetary Easing Policies of Administration...

    But its not. It is not any one thing, it is the falseness of Liberal policies and actions built up over time and economic area for a very long time.

    It is the Lie and Faked Data of Anthropomorphic Global Warming.

    It is the Toxic and Fire Hazard Tech Choice of All Electric Lithium Ion Battery Cars.

    It is the picking of Science Graduates based on Ethnicity and Race rather than aptitude and performance.

    It is the Blind Eye to violence and intolerance by Islamic Immigrants.

    It is the continued scholarship, grants and work study jobs given preferentially to Women college students, even when the graduation rates have been 85% women for 25+ years!

    It is Not any one particular Liberal Policy, it is the combined, decade after decade effect of ALL Liberal policies, which ignore and thumb their sneering nose at reality until our entire society is turned upside down and inside out.



    William Butler Yeats (1865-1939)

    THE SECOND COMING

    Turning and turning in the widening gyre
    The falcon cannot hear the falconer;
    Things fall apart; the centre cannot hold;
    Mere anarchy is loosed upon the world,
    The blood-dimmed tide is loosed, and everywhere
    The ceremony of innocence is drowned;
    The best lack all conviction, while the worst
    Are full of passionate intensity.

    Surely some revelation is at hand;
    Surely the Second Coming is at hand.
    The Second Coming! Hardly are those words out
    When a vast image out of Spiritus Mundi
    Troubles my sight: a waste of desert sand;
    A shape with lion body and the head of a man,
    A gaze blank and pitiless as the sun,
    Is moving its slow thighs, while all about it
    Wind shadows of the indignant desert birds.

    The darkness drops again but now I know
    That twenty centuries of stony sleep
    Were vexed to nightmare by a rocking cradle,
    And what rough beast, its hour come round at last,
    Slouches towards Bethlehem to be born?
    It has been obvious for a very long time, that we are headed toward a catastrophic societal melt-down, due to unchallenged, unrestrained Liberalism.

    We will get the collapse we deserve.

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    Obama Administration Lefties, Innocent after having been proven guilty as sin! - Kurmugeon

  2. #72
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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by dad2three2001 View Post
    Austerity (less spending how ever you measure it) NEVER has worked in ANY downturns in modern society's! You austerity freaks just say hey, you just haven't starved enough yet..
    Real austerity does indeed work, look at the Baltic states, they were the hardest hit during the 2008 economic downturn and now they are growing faster than the EU average. Austerity is simple: just keep cutting spending until your revenues exceed your spending- the rest of Europe (with the exception of Germany) didnt do that even though they were proclaiming they were practicing "austerity", only the Baltics really did what they said.

    The Triumph Of Good Economics: 'Austere' Baltic States Outgrow Their European Neighbors - Forbes

    Insight: Baltic countries' austerity lesson for Europe - Just do it | Reuters

    Charlemagne: Latvian lessons | The Economist

    And ease up on the name calling, it doesnt help you at all.

  3. #73
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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Mr.Nick View Post
    This is hardly Keynesian economics - this is European economic suicide - considering this is a global market.

    This is one of the dumbest banking ideas I have ever heard of in my inter life....
    If you are right, why fight it?

    Unless you live in Europe, how does it hurt?

    Why not let the foolish Euro-Socialists Implode and demonstrate just how suicidal it really is?

    With Europe out of the way, America stands a slightly better, though still piss-poor, chance of actually competing with the Asian Industrial-Economic Might.

    We'd have to get rid of our own Leftie-Loons from Government and Education, to have any chance at survival, but one less competitor wouldn't hurt.

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    Hope and Prayer are integrally linked, never underestimate or undervalue, the power of either! - Kurmugeon
    I do NOT trust people who do not Love Dogs! - Kurmugeon
    Obama Administration Lefties, Innocent after having been proven guilty as sin! - Kurmugeon

  4. #74
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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by dad2three2001 View Post
    That is the problem, CONservatives very seldom tell you their intentions. They talk nuances "job creation" "deficit reduction", "Austerity", They just can not say it loud and proud: I WILL GIVE YOUR GOVERNMENT TO THE RICH AND POWERFUL, (because is unfair that The Middle Class make any money at all and corporations do not get to keep all of it) SO I CAN GIVE IT TO THOSE WHO ALREADY HAVE MOST OF THE MONEY FROM BUYING CONGRESSMEN AND DEREGULATING INDUSTRY.
    Oh look, more low information hyperbolic drivel.

    Lol. Would it kill you to educate yourself beyond the predictable and innane left wing talking points you post every day ?

    My intentions are clear. To expose the BS coming from people like you.

    Austerity is simply the consequence unchecked Deficit spending.

    Multiple European Countries exceeded the deficit limitations that were spelled out in the Maastricht treaty.

    That meant that banks all over Europe were leveraged up with junk bonds from Countries like Greece, Spain and Italy

    So, what would YOU have done to save the Euro and the banks that had been given IOUs not worth the paper the were written on ?

    No really I want you to give me your plan to adress the European debt crisis.

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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Fenton View Post
    Oh look, more low information hyperbolic drivel.

    Lol. Would it kill you to educate yourself beyond the predictable and innane left wing talking points you post every day ?

    My intentions are clear. To expose the BS coming from people like you.

    Austerity is simply the consequence unchecked Deficit spending.

    Multiple European Countries exceeded the deficit limitations that were spelled out in the Maastricht treaty.

    That meant that banks all over Europe were leveraged up with junk bonds from Countries like Greece, Spain and Italy

    So, what would YOU have done to save the Euro and the banks that had been given IOUs not worth the paper the were written on ?

    No really I want you to give me your plan to adress the European debt crisis.
    MORE right wing nonsense, I'm shocked, actually, like the USA, most of the problems currently being fought in Europe was a result of Banksters and their world wide credit bubble of the early 2000's, as Banksters sold MANY on the idea of financialization...



    Goldman Sachs & the Destruction of Greece
    https://www.youtube.com/watch?v=V2SyP6rmJ1Y


    n 2001, Goldman's financial alchemists formulated a scheme to allow the Greek government to hide the extent of its rising debt from the public and the European Community's budget overseers. Under this diabolical deal, Goldman funneled new capital from super-wealthy investors into the government's coffers.

    Fine. Not so fine, though, is that, in exchange, Greek officials secretly agreed that the investors would get 20 years' worth of the annual revenue generated by such public assets as Greece's airports. For its part, Goldman pocketed $300 million in fees paid by the country's unwitting taxpayers.

    The financial giant dubbed its airport scheme "Aeolus," after the ancient Greek god of the wind -- and, sure enough, any long-term financial benefit for Greece was soon gone with the wind.


    How the Monsters at Goldman Sachs Caused a Greek Tragedy | Alternet

  6. #76
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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by dad2three2001 View Post
    MORE right wing nonsense, I'm shocked,
    How the Monsters at Goldman Sachs Caused a Greek Tragedy | Alternet[/QUOTE]

    Given the swill you seem to read and use as source material, I'm not surprised you're shocked. Alternet.org. cbpp.org I'm sorry but, have you thought of using less far left wingnut websites that others can associate with?
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  7. #77
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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by PoS View Post
    Real austerity does indeed work, look at the Baltic states, they were the hardest hit during the 2008 economic downturn and now they are growing faster than the EU average. Austerity is simple: just keep cutting spending until your revenues exceed your spending- the rest of Europe (with the exception of Germany) didnt do that even though they were proclaiming they were practicing "austerity", only the Baltics really did what they said.

    The Triumph Of Good Economics: 'Austere' Baltic States Outgrow Their European Neighbors - Forbes

    Insight: Baltic countries' austerity lesson for Europe - Just do it | Reuters

    Charlemagne: Latvian lessons | The Economist

    And ease up on the name calling, it doesnt help you at all.
    lol

    The myth of successful Baltic austerity

    ans of slash-and-burn economics are keen to talk about the Baltics. Latvia, Estonia, and Lithuania suffered amongst the worst crashes of anywhere in the world over 2008-9, with GDP falling in a single year by 17% for Lithuania, 20% for Estonia and 25% for Latvia. But what gets the axe-wielders excited is their sharp rebound since then, with growth across the three averaging 6.3% for 2011.

    The myth of successful Baltic austerity | New Economics Foundation


    WAIT, THOSE NATIONS THAT PLUNGED THEIR GDP, THAT HASN'T GOT THEIR GDP'S BACK TO PRE CRISIS LEVELS, USING AUSTERITY, IS BETTER THAN OTHER NATIONS WHO HAVE, LIKE THE US? lol


    CONservative 'logic'...




    The ‘Great Recession’ in the Baltic States: The Myth of ‘Successful’ Austerity and Some Wider Lessons

    During the years of ‘the great recession’, the Baltic ‘Tiger’ economies of the mid-2000s experienced the most severe downturn not only in Europe, but globally. Now with economic recovery in sight, this paper examines the myth of the new Baltic ‘success’ story – that the imposition of radical austerity measures together with so-called ‘internal devaluation’ can be achieved with popular consent, and in a socially and economically ‘costless’ manner. Baltic-style austerity has now become a template for the European Commission and the international financial community more widely.

    http://sydney.edu.au/arts/sociology_...fson_Flyer.pdf







    Each country implemented, after 2009, very sharp austerity programmes, forcing through cuts in spending of around 8-9% of GDP. In defiance of experience elsewhere, they have all shown signs of recovery since. Therefore austerity works – if it’s aggressive enough.

    Sharp-eyed readers may have noticed that if your economy shrinks by 25%, and then grows by 5.5%, you’re still a good few years away, at least, from simply getting back to where you were. But leaving that aside, the austerity-is-good-for-you story doesn’t add up.

  8. #78
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    Re: European Central Bank adopts negative interest rates

    Given the swill you seem to read and use as source material, I'm not surprised you're shocked. Alternet.org. cbpp.org I'm sorry but, have you thought of using less far left wingnut websites that others can associate with?[/QUOTE][/QUOTE]


    Ad hons? I'm shocked

  9. #79
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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Fenton View Post
    Oh look, more low information hyperbolic drivel.

    Lol. Would it kill you to educate yourself beyond the predictable and innane left wing talking points you post every day ?

    My intentions are clear. To expose the BS coming from people like you.

    Austerity is simply the consequence unchecked Deficit spending.

    Multiple European Countries exceeded the deficit limitations that were spelled out in the Maastricht treaty.

    That meant that banks all over Europe were leveraged up with junk bonds from Countries like Greece, Spain and Italy

    So, what would YOU have done to save the Euro and the banks that had been given IOUs not worth the paper the were written on ?

    No really I want you to give me your plan to adress the European debt crisis.

    I spent a few hours DESTROYING your myths on the GSE's did it, with REAL data not YOUR opinion or out of context swill. Can't wait until you ignore it, AGAIN

  10. #80
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    Re: European Central Bank adopts negative interest rates

    Two links you posted, one is from a blog and another is a flyer which says nothing. If you want to be taken seriously you will have to do better than that.

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