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Old 02-15-2010, 03:08 PM   #1
sppunk
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Default How about that Euro, eh?

How many predicted the collapse of this retarded structure again? Oh yeah, lots and lots of people.

Very sad for the countries who were forcefully thrown into the EU without much choice, and history will tell us currency without a country has no prosperous future.

Where's jczeroman to flaunt and tell us he called this in 2001?

 
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Old 02-15-2010, 03:18 PM   #2
dudehitscar
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did the euro collapse? Are people not going to use it anymore? Is it worth pennies compared to the dollar now?

what exactly are you celebrating?

 
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Old 02-15-2010, 03:23 PM   #3
Future Boy
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I dont know, but Im right there with him

 
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Old 02-15-2010, 03:28 PM   #4
sppunk
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Quote:
Originally Posted by dudehitscar View Post
did the euro collapse? Are people not going to use it anymore? Is it worth pennies compared to the dollar now?

what exactly are you celebrating?
The EU collapsing will undoubtedly lead to its currency collapsing. With one country bankrupt (Greece) and other countries not electing to offer assistance, the strain on the not-so-free market sharing the EU mandates is out the window. When one country annexes itself from the EU I don't see how it won't lead to others doing the same down the road.

 
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Old 02-15-2010, 03:53 PM   #5
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the fact is that the major industrial countries of Europe can no longer afford to subsidize the chronic welfare states like Portugal, Ireland, Greece, and Spain. The people of these countries are simply not productive in an industrial perspective, and thus are a drain on the countries around them.

 
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Old 02-15-2010, 05:48 PM   #6
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This is a good thing. It will emerge that the Swiss are the real winners here - who benefited from the open borders for people/goods without tying themselves to political union like all the other saps in the EU bloc. Germany and France will feel it worst. I'm afraid. The UK would be in a decent position if they didn't just shot themselves in the face about eight times over the past couple of years. But, hopefully, this will strengthen the case for economic integration and weaken the argument for political integration.

 
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Old 02-19-2010, 11:14 AM   #7
ATS
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im just glad sppunk was wrong about the dollar

 
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Old 02-19-2010, 08:56 PM   #8
28if
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how about that shut the fuck up sppunk? you've proved several times over the last few months that you have absolutely no idea what you're talking about. i'm pretty sure the euro/EU/whatever the fuck you're going on about has not collapsed, or is in any real danger of doing so, at least no more than the rest of the entire fucking world economy right now.

 
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Old 02-19-2010, 09:26 PM   #9
sppunk
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Yeah man Greece is doing real well right now.

The US Dollar has been surrendered to Chinese buying T-bills (you don't know what they are, so Google them).

 
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Old 02-20-2010, 12:38 AM   #10
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England's pretty historically hilariously bad with managing its currency - yeah good work getting into a money value race thinking you'll win by printing more of it...

 
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Old 02-20-2010, 12:39 AM   #11
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I mean if you're gonna put all your chips in like that, you better fucking know you're gonna win next time.

 
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Old 02-20-2010, 12:41 AM   #12
exactlythesame
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we're all going to hell so let's laugh as we're going down

 
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Old 02-20-2010, 12:44 AM   #13
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Anyway, yeah Greece is a really bad place to be right now. The Euro's still the third or fourth most circulated currency though, isn't it? Although that is probably largely localized to European-only trade.

Even still, I should've invested in pounds 20 years ago. Or even Jappo yen five years ago.

 
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Old 02-20-2010, 12:45 AM   #14
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Quote:
Originally Posted by exactlythesame View Post
we're all going to hell so let's laugh as we're going down
This is strangely reminiscent of both a Green Day song ("Ha Ha You're Dead") and a MCR song ("Drowning Lessons"). Just sayin'.

 
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Old 02-20-2010, 07:17 AM   #15
Nimrod's Son
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Currency without backing is just paper. The US is soon to learn this lesson.

 
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Old 02-20-2010, 09:09 AM   #16
exactlythesame
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when was the last time U.S. currency had any backing

it's all ink and pixels and LEDs on signs, it has no tangible form and it doesn't have to for their world to spin around their pocketbooks

how can you possibly dilute yourself into thinking that bullion will ever back numbers like this

http://upload.wikimedia.org/wikipedi...4px-USDebt.png

 
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Old 02-20-2010, 10:49 AM   #17
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i thought i must have missed something but turns out it's pure speculation.

 
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Old 02-20-2010, 05:53 PM   #18
duovamp
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MORE LIQUIDITY MEANS MORE AWESOME!!!

 
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Old 02-20-2010, 11:17 PM   #19
Floppy Nono
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Quote:
Originally Posted by duovamp View Post
This is strangely reminiscent of both a Green Day song ("Ha Ha You're Dead") and a MCR song ("Drowning Lessons"). Just sayin'.
that you are familiar with shitty music?

 
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Old 02-21-2010, 12:36 AM   #20
28if
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Currency without backing is just paper. The US is soon to learn this lesson.

 
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Old 02-21-2010, 03:58 AM   #21
duovamp
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Quote:
Originally Posted by Floppy Nono View Post
that you are familiar with shitty music?
Shitty?

 
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Old 02-21-2010, 06:39 AM   #22
Nothing/everything
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a decent drop in value of the Euro would on the other hand be good for EU export.

 
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Old 02-21-2010, 07:15 AM   #23
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Quote:
Originally Posted by Nimrod's Son View Post
Currency without backing is just paper. The US is soon to learn this lesson.
Regardless, returning to the gold standard (which is what your main man Ron Paul wants) or any sort of fixed exchange system would not prevent inflation (re: the Mexican peso crisis of 1994 and the Icelandic financial crisis of 2009). It might make inflation a little more manageable, but overall it's simply not practical or feasible with today's economics.

 
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Old 05-07-2010, 07:46 PM   #24
decora
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"the Swiss are the real winners here "

hooray for laundering money!

 
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