Europe's Crisis: Much Bigger Than Subprime, Worse Than U.S.

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  • Ethersync
    Confirmed User
    • Mar 2008
    • 5289

    #101
    Originally posted by onwebcam
    Regardless of where you are from does any of this sound familiar?

    ?Very soon, every American will be required to register their biological property in a national system designed to keep track of the people and that will operate under the ancient system of pledging. By such methodology, we can compel people to submit to our agenda, which will effect our security as a chargeback for our fiat paper currency. Every American will be forced to register or suffer being unable to work and earn a living. They will be our chattel, and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions.

    Americans, by unknowingly or unwittingly delivering the bills of lading to us will be rendered bankrupt and insolvent, forever to remain economic slaves through taxation, secured by their pledges. They will be stripped of their rights and given a commercial value designed to make us a profit and they will be none the wiser, for not one man in a million could ever figure our plans and, if by accident one or two should figure it out, we have in our arsenal plausible deniability. After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges. This will inevitably reap to us huge profits beyond our wildest expectations and leave every American a contributor to this fraud which we will call ?Social Insurance.? Without realizing it, every American will insure us for any loss we may incur and in this manner, every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and, we will employ the high office of the President of our dummy corporation to foment this plot against America.? Edward Mandell House
    Interesting. I know that EMH was one of the founders of the CFR, but do you have a source for this quote?
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    • Rico Shades
      Confirmed User
      • Apr 2008
      • 320

      #102
      God please fall. I really, really would like to shoot those hot Euro sluts for $200.
      Rico Shades
      rico at innofsincashdotcom
      WWW.INNOFSINCASH.COM

      Comment

      • Ethersync
        Confirmed User
        • Mar 2008
        • 5289

        #103
        Originally posted by Rico Shades
        God please fall. I really, really would like to shoot those hot Euro sluts for $200.
        Well USD parity with the Euro is certainly in the cards sometime within the next 12-24 months...
        The best ePassporte replacement I have found: OKPAY

        Comment

        • onwebcam
          Fake Nick 1.0
          • Oct 2005
          • 27689

          #104
          Originally posted by Ethersync
          Interesting. I know that EMH was one of the founders of the CFR, but do you have a source for this quote?
          It's from Woodrow Wilson's memoirs. House said this to him during a meeting around the time of the setup of the Federal Reserve.
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          • MaDalton
            I am Amazing Content!
            • Feb 2004
            • 39861

            #105
            Originally posted by Ethersync
            The people of Europe overwhelmingly do not support the Treaty of Lisbon (aka the EU Constitution). It was voted down in referendums in France, Holland, certainly would have been in the UK and arguably most of the rest of Europe had they not stopped having referendums due to lack of public support. Instead of listening to the people, politicians in pretty much every country in the EU, except for Ireland, decide to do a backdoor deal of sorts. Politicians in Ireland followed their constitutional mandate and had a public referendum on the adoption of the treaty (constitution) and, just like everywhere else in Europe that did the same prior, it was voted DOWN by the people. You criticize this and referring to it as "a kick in the ass"? Sorry, but you sound like a fucking fascist
            sigh... why the name calling? people can have opposite opinions without insulting each other on a personal level. at least I can. and this is really the first time in 37 years that someone calls me facist. it's almost funny.

            Originally posted by CarlosTheGaucho
            If you show me one single EU citizen that does know what is the core subject of the Lisbon treaty and will be able to put together two sensible sentences about it I will believe you.

            here's the point: 99% of the people have no clue what the topic is about. public referendums are usually won by the party that screams louder but not necessaribly has the more reasonable points. this is why i don't like them. i still know that governments are by far not perfect, but still the chances that decisions are not influenced by short term marketing campaigns are much higher.
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            • Ethersync
              Confirmed User
              • Mar 2008
              • 5289

              #106
              Originally posted by MaDalton
              sigh... why the name calling? people can have opposite opinions without insulting each other on a personal level. at least I can. and this is really the first time in 37 years that someone calls me facist. it's almost funny.




              here's the point: 99% of the people have no clue what the topic is about. public referendums are usually won by the party that screams louder but not necessaribly has the more reasonable points. this is why i don't like them. i still know that governments are by far not perfect, but still the chances that decisions are not influenced by short term marketing campaigns are much higher.
              So ignore the "fascist" remark and tell me where I am wrong in the rest of what I wrote. Because it seems to me you are trying to say that the people of Europe should not have a voice in matters of national sovereignty because the EU political elite know what is best for them.
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              • DWB
                Registered User
                • Jul 2003
                • 31779

                #107
                Originally posted by grumpy
                Solving debt with more debt will neger ever work. Not for Eurpope not for USA
                Yet everyone seems to be overlooking that.

                Stock up on gold, you're gonna need it.

                Comment

                • cykoe6
                  Confirmed User
                  • Apr 2005
                  • 4499

                  #108
                  Originally posted by onwebcam
                  Regardless of where you are from does any of this sound familiar?

                  ?Very soon, every American will be required to register their biological property in a national system designed to keep track of the people and that will operate under the ancient system of pledging. By such methodology, we can compel people to submit to our agenda, which will effect our security as a chargeback for our fiat paper currency. Every American will be forced to register or suffer being unable to work and earn a living. They will be our chattel, and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions.

                  Americans, by unknowingly or unwittingly delivering the bills of lading to us will be rendered bankrupt and insolvent, forever to remain economic slaves through taxation, secured by their pledges. They will be stripped of their rights and given a commercial value designed to make us a profit and they will be none the wiser, for not one man in a million could ever figure our plans and, if by accident one or two should figure it out, we have in our arsenal plausible deniability. After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges. This will inevitably reap to us huge profits beyond our wildest expectations and leave every American a contributor to this fraud which we will call ?Social Insurance.? Without realizing it, every American will insure us for any loss we may incur and in this manner, every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and, we will employ the high office of the President of our dummy corporation to foment this plot against America.? Edward Mandell House
                  Is it necessary for you to post your asinine nonsense in a thread that has nothing to do with the US? Were you worried that we all forgot that you are clinically insane? Don't concern yourself as it has been duly noted. No need to post any more idiotic drivel.
                  бабки, шлюхи, сила

                  Comment

                  • onwebcam
                    Fake Nick 1.0
                    • Oct 2005
                    • 27689

                    #109
                    Originally posted by cykoe6
                    Is it necessary for you to post your asinine nonsense in a thread that has nothing to do with the US? Were you worried that we all forgot that you are clinically insane? Don't concern yourself as it has been duly noted. No need to post any more idiotic drivel.
                    It has a lot to do with this topic you just don't know how to connect the dots. As far as what I posted it is from the memoirs of an Ex US President. So are you going to call him insane?
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                    • onwebcam
                      Fake Nick 1.0
                      • Oct 2005
                      • 27689

                      #110
                      What the hell I'll help you out a little bit and since you would prefer it to be about the EU/UK maybe hearing it from someone from the UK will help.

                      It's an illusion
                      http://www.youtube.com/watch?v=V0IM7Hobd_k

                      Canadian?
                      Your Human Rights and the Illusion
                      http://video.google.com/videoplay?do...21377956329335

                      American?
                      The Right to Self-Determination
                      http://www.themillionairenu.com/comeout.php
                      Last edited by onwebcam; 02-28-2009, 09:52 PM.
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                      • spacedog
                        Yes that IS me. Bitch.
                        • Nov 2001
                        • 14149

                        #111
                        Originally posted by Jensen
                        glad we have some cash stacked away...
                        cash = $0 if the currency is devalued.

                        Comment

                        • spacedog
                          Yes that IS me. Bitch.
                          • Nov 2001
                          • 14149

                          #112
                          Originally posted by onwebcam
                          Regardless of where you are from does any of this sound familiar?

                          ?Very soon, every American will be required to register their biological property in a national system designed to keep track of the people and that will operate under the ancient system of pledging. By such methodology, we can compel people to submit to our agenda, which will effect our security as a chargeback for our fiat paper currency. Every American will be forced to register or suffer being unable to work and earn a living. They will be our chattel, and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions.

                          Americans, by unknowingly or unwittingly delivering the bills of lading to us will be rendered bankrupt and insolvent, forever to remain economic slaves through taxation, secured by their pledges. They will be stripped of their rights and given a commercial value designed to make us a profit and they will be none the wiser, for not one man in a million could ever figure our plans and, if by accident one or two should figure it out, we have in our arsenal plausible deniability. After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges. This will inevitably reap to us huge profits beyond our wildest expectations and leave every American a contributor to this fraud which we will call ?Social Insurance.? Without realizing it, every American will insure us for any loss we may incur and in this manner, every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and, we will employ the high office of the President of our dummy corporation to foment this plot against America.? Edward Mandell House
                          Man... that's some fucking creepy shit there.

                          Comment

                          • NoComments
                            Confirmed User
                            • Jan 2005
                            • 4957

                            #113
                            Originally posted by Lord Aga


                            You nearly got me arrested this night! and not for climbing Nelsons column!

                            How u doing bud?
                            I tried your ICQ, e-mail, all failed.
                            Let's get together, I am free as a bird now and will gladly try having you arrested again.

                            Can we get Meat with us, so he could get arrested too!?
                            ;)
                            ***************************************
                            Give me the offer I can't refuse

                            Comment

                            • CarlosTheGaucho
                              Confirmed User
                              • Oct 2005
                              • 9575

                              #114
                              Originally posted by Ethersync
                              You are right that the lax lending standards in Eastern Europe are not exactly the same as those in America... They are worse
                              Wrong,

                              We're talking about the fact that someone went to a risky venture to earn a little bit more, and the timing was far from ideal, but it has nothing to do with the relation between banks and its customers and any "lending standards".

                              The access to credit in US and Europe can't be compared at any level, so can't be compared the consumer spending habits.

                              Just for illustration, for example in this worst, extremely boring pseudo socialistic shithole where I live now, the banks are making 53 pct. of their profit on small fees (meaning that you get charged for withdrawing money, getting a statement to your adress etc.) so they're making more from holding your money than from lending money.
                              Last edited by CarlosTheGaucho; 03-01-2009, 02:19 AM.
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                              • CarlosTheGaucho
                                Confirmed User
                                • Oct 2005
                                • 9575

                                #115
                                Originally posted by MaDalton
                                here's the point: 99% of the people have no clue what the topic is about. public referendums are usually won by the party that screams louder but not necessaribly has the more reasonable points. this is why i don't like them. i still know that governments are by far not perfect, but still the chances that decisions are not influenced by short term marketing campaigns are much higher.
                                Not to overlook the fact who was actually financing the whole Irish anti Lisbon treaty campaign.

                                Majority of the people will always be incompetent idiots, and the Gauss curve knows no compromise - that's the beauty of this world.
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                                • CarlosTheGaucho
                                  Confirmed User
                                  • Oct 2005
                                  • 9575

                                  #116
                                  Originally posted by Rico Shades
                                  God please fall. I really, really would like to shoot those hot Euro sluts for $200.
                                  You can shoot the Euro Sluts for free, just make sure you don't get busted!

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                                  • Iron Fist
                                    Too lazy to set a custom title
                                    • Dec 2006
                                    • 23400

                                    #117
                                    Originally posted by PurrrsianPussyKat
                                    So wait.. americans aren't the only ones that lived beyond their means for years? I thought we were the cause of all the worlds ills.
                                    No.. but you showed everyone else how to do it, and THAT is what makes you TWICE as bad!
                                    i like waffles

                                    Comment

                                    • wjxxx
                                      So Fucking Banned
                                      • Feb 2005
                                      • 4448

                                      #118
                                      Originally posted by CarlosTheGaucho
                                      wjxxx

                                      I will citate one of my all time favorite politicians Leonid Brezhnev:
                                      Are you a fucking communist, or what ?

                                      Comment

                                      • CarlosTheGaucho
                                        Confirmed User
                                        • Oct 2005
                                        • 9575

                                        #119
                                        Originally posted by wjxxx
                                        Are you a fucking communist, or what ?
                                        No, I never fucked a communist, yet.

                                        I'm just a pathological cynic and have a little interest in the modern history.

                                        I've also studied statistics among other things and worked with the government in the past.

                                        These two things make me die hard sure those numbers are nowhere near relevant, it's just something to feed the masses with and to fill the "stats".

                                        There are no relevant or accurate statistics in this world unless you provide them on your own and for something you have access to ALL the data and input.

                                        Agression and hate is something I deeply love and practice, you should try to think too though - the risk of ownage is too high!
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                                        • Ethersync
                                          Confirmed User
                                          • Mar 2008
                                          • 5289

                                          #120
                                          Originally posted by CarlosTheGaucho
                                          Wrong,

                                          We're talking about the fact that someone went to a risky venture to earn a little bit more, and the timing was far from ideal, but it has nothing to do with the relation between banks and its customers and any "lending standards".

                                          The access to credit in US and Europe can't be compared at any level, so can't be compared the consumer spending habits.

                                          Just for illustration, for example in this worst, extremely boring pseudo socialistic shithole where I live now, the banks are making 53 pct. of their profit on small fees (meaning that you get charged for withdrawing money, getting a statement to your adress etc.) so they're making more from holding your money than from lending money.
                                          No offense, but you are just completely uninformed and wrong. Ironic since you live in Czech Republic. Anyways, you will see soon enough.
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                                          Comment

                                          • Ethersync
                                            Confirmed User
                                            • Mar 2008
                                            • 5289

                                            #121
                                            Originally posted by DirtyWhiteBoy
                                            Stock up on gold, you're gonna need it.
                                            I'm well stocked up
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                                            Comment

                                            • CarlosTheGaucho
                                              Confirmed User
                                              • Oct 2005
                                              • 9575

                                              #122
                                              Originally posted by Ethersync
                                              No offense, but you are just completely uninformed and wrong. Ironic since you live in Czech Republic. Anyways, you will see soon enough.
                                              Tell me specifically, in points, what am I wrong in?

                                              What specifical experience do you have with the European banking system, especially in the central and Eastern Europe?

                                              I am always glad to educate myself. But you can't argument with something being "wrong" - that's always relative.

                                              I'm out of the discussion again, time to make a dime.
                                              Last edited by CarlosTheGaucho; 03-01-2009, 03:55 AM.
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                                              • CarlosTheGaucho
                                                Confirmed User
                                                • Oct 2005
                                                • 9575

                                                #123
                                                Oh, before I forget, please name also a list of all the sources that you used while coming up with those theories.
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                                                • wjxxx
                                                  So Fucking Banned
                                                  • Feb 2005
                                                  • 4448

                                                  #124
                                                  Originally posted by CarlosTheGaucho
                                                  I'm just a pathological cynic and have a little interest in the modern history.
                                                  But, you DO know who Leonid Brezhnev was ?

                                                  Comment

                                                  • wjxxx
                                                    So Fucking Banned
                                                    • Feb 2005
                                                    • 4448

                                                    #125
                                                    Originally posted by Ethersync
                                                    No offense, but you are just completely uninformed and wrong. Ironic since you live in Czech Republic. Anyways, you will see soon enough.

                                                    You`re wrong and commie is right. In the USA even total loser has credit card and NINJA has mortgage, in Eastern Europe nobody has credit card and you have to be premium customer to get mortgage

                                                    Comment

                                                    • Ethersync
                                                      Confirmed User
                                                      • Mar 2008
                                                      • 5289

                                                      #126
                                                      Originally posted by CarlosTheGaucho
                                                      Tell me specifically, in points, what am I wrong in?

                                                      What specifical experience do you have with the European banking system, especially in the central and Eastern Europe?

                                                      I am always glad to educate myself. But you can't argument with something being "wrong" - that's always relative.

                                                      I'm out of the discussion again, time to make a dime.
                                                      I had a number of investments in the area. I was involved with one of the larger investment funds in Eastern Europe, which had over $100 million dollars. I have a large number of friends who have or had similar funds throughout the Baltic States, Poland, Hungary, Bulgaria and Germany. I have spent a considerable amount of time living throughout Europe and specifically Eastern Europe the last 10 years. My wife is also from Eastern Europe originally and I know the problems the majority of her family is having right now being buried in debt and completely out of work. I have met numerous times with top executives of the Baltic divisions of the 2 largest Swedish banks in the area. So I can say with some authority that you are wrong about the lax lending standards, personal debt and the problems the banks are having.
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                                                      • DarkJedi
                                                        No Refunds Issued.
                                                        • Feb 2001
                                                        • 28301

                                                        #127
                                                        Originally posted by Lord Aga
                                                        Serge, you look like a bum. Can't you afford some decent clothes?

                                                        Comment

                                                        • Malicious Biz
                                                          So Fucking Banned
                                                          • Mar 2005
                                                          • 4575

                                                          #128

                                                          Comment

                                                          • CarlosTheGaucho
                                                            Confirmed User
                                                            • Oct 2005
                                                            • 9575

                                                            #129
                                                            Originally posted by wjxxx
                                                            But, you DO know who Leonid Brezhnev was ?
                                                            I never had a chance to meet him or talk to him.
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                                                            • CarlosTheGaucho
                                                              Confirmed User
                                                              • Oct 2005
                                                              • 9575

                                                              #130
                                                              Originally posted by wjxxx
                                                              You`re wrong and commie is right. In the USA even total loser has credit card and NINJA has mortgage, in Eastern Europe nobody has credit card and you have to be premium customer to get mortgage
                                                              Very well said!
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                                                              • CarlosTheGaucho
                                                                Confirmed User
                                                                • Oct 2005
                                                                • 9575

                                                                #131
                                                                Originally posted by Ethersync
                                                                I had a number of investments in the area. I was involved with one of the larger investment funds in Eastern Europe, which had over $100 million dollars. I have a large number of friends who have or had similar funds throughout the Baltic States, Poland, Hungary, Bulgaria and Germany. I have spent a considerable amount of time living throughout Europe and specifically Eastern Europe the last 10 years. My wife is also from Eastern Europe originally and I know the problems the majority of her family is having right now being buried in debt and completely out of work. I have met numerous times with top executives of the Baltic divisions of the 2 largest Swedish banks in the area. So I can say with some authority that you are wrong about the lax lending standards, personal debt and the problems the banks are having.
                                                                You still didn't stated anything to move me one single inch.

                                                                I'm awaiting on the sources / links to where you got possesed with this demon, tell me also one specific role case of the family, that will be easier to illustrate it, won't it?

                                                                I don't care about someone out of work, there's plenty of work around here, people are just degenerated idiots that are not used to take responsibility or risk and only want to be mediocre and share the same looser problems with their peers.

                                                                That someone invested in "Investment funds" in eastern Europe sounds extremely scary!

                                                                Last edited by CarlosTheGaucho; 03-01-2009, 05:17 AM.
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                                                                • MaDalton
                                                                  I am Amazing Content!
                                                                  • Feb 2004
                                                                  • 39861

                                                                  #132
                                                                  Originally posted by Ethersync
                                                                  So ignore the "fascist" remark and tell me where I am wrong in the rest of what I wrote. Because it seems to me you are trying to say that the people of Europe should not have a voice in matters of national sovereignty because the EU political elite know what is best for them.
                                                                  i believe that people should elect local governments that then represent their countries in the EU legislative. nothing more and nothing less.
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                                                                  • MaDalton
                                                                    I am Amazing Content!
                                                                    • Feb 2004
                                                                    • 39861

                                                                    #133
                                                                    Originally posted by wjxxx
                                                                    You`re wrong and commie is right. In the USA even total loser has credit card and NINJA has mortgage, in Eastern Europe nobody has credit card and you have to be premium customer to get mortgage
                                                                    this has actually a lot of truth in it.
                                                                    AmazingContent.com - providing only the best content and service since 2003
                                                                    Monetize your content on Veegaz.com - one of Germanies largest VOD sites
                                                                    Got German traffic? We convert it into money for you!
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                                                                    • CarlosTheGaucho
                                                                      Confirmed User
                                                                      • Oct 2005
                                                                      • 9575

                                                                      #134
                                                                      Does being educated about communism equal being a communist these days?

                                                                      Let's call McCarthy to the grave to be the judge!
                                                                      Last edited by CarlosTheGaucho; 03-01-2009, 05:30 AM.
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                                                                      • Ethersync
                                                                        Confirmed User
                                                                        • Mar 2008
                                                                        • 5289

                                                                        #135
                                                                        Originally posted by CarlosTheGaucho
                                                                        You still didn't stated anything to move me one single inch.

                                                                        I'm awaiting on the sources / links to where you got possesed with this demon, tell me also one specific role case of the family, that will be easier to illustrate it, won't it?

                                                                        I don't care about someone out of work, there's plenty of work around here, people are just degenerated idiots that are not used to take responsibility or risk and only want to be mediocre and share the same looser problems with their peers.

                                                                        That someone invested in "Investment funds" in eastern Europe sounds extremely scary!









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                                                                        • Spicoli
                                                                          Confirmed User
                                                                          • Apr 2007
                                                                          • 306

                                                                          #136
                                                                          Originally posted by evie
                                                                          How much that really worth?
                                                                          well............
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                                                                          • nolongerexists
                                                                            Confirmed User
                                                                            • Apr 2003
                                                                            • 1096

                                                                            #137
                                                                            Originally posted by wjxxx
                                                                            You`re wrong and commie is right. In the USA even total loser has credit card and NINJA has mortgage, in Eastern Europe nobody has credit card and you have to be premium customer to get mortgage
                                                                            Bingo. Poland's problem are not given CREDITS themeselves. It's the foreign companies that need their invested cash back RIGHT NOW. That's why the national currencies are so depreciated so quickly. It looks like Eastern Europe is taking a part in 'save the ass' of all those big financial companies.
                                                                            work smart not hard ;)

                                                                            Comment

                                                                            • cykoe6
                                                                              Confirmed User
                                                                              • Apr 2005
                                                                              • 4499

                                                                              #138
                                                                              Originally posted by onwebcam
                                                                              It has a lot to do with this topic you just don't know how to connect the dots. As far as what I posted it is from the memoirs of an Ex US President. So are you going to call him insane?
                                                                              I can fucking connect the dots well enough to know that you are a fucking idiot. Your idiotic delusional nonsense about the Federal Reserve is annoying enough when that is the topic but that is not the case here. I am well aware that you believe every single fucking thing that happens is part of a well orchestrated global conspiracy run by the Jews or the Illuminati or fucking lizards or whatever by I am sick and fucking tired of you sticking your paranoid simplistic bullshit into every thread.

                                                                              Anyone who has ever left their apartment for even a few minutes and who can interact with other people without a heavy does of Lithium knows that the world is composed of competing interest groups and who are in a constant state of conflict, hence well orchestrated global conspiracies are not possible. Anyone who pays taxes or has dealings with any government agency in any country knows that government bureaucracies are barely capable of collecting taxes and then giving it away to their friends. There is not a government agency on the planet capable of keeping a big secret or operating in an efficient or stealthy manner. Even the fucking NKVD had to execute a bunch of its agents every few years to keep people quiet.

                                                                              "Never ascribe to malice that which is adequately explained by incompetence."

                                                                              I understand the voices in your head tell you otherwise but why don't you take your medication, get out of your basement and take a walk in the park or something. At a bare minimum please shut the fuck up. If that is not possible go post on prison planet or democratic underground where everyone will applaud your stupidity and tell you what a fucking genius you are.
                                                                              бабки, шлюхи, сила

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                                                                              • cykoe6
                                                                                Confirmed User
                                                                                • Apr 2005
                                                                                • 4499

                                                                                #139
                                                                                Originally posted by wjxxx
                                                                                You`re wrong and commie is right. In the USA even total loser has credit card and NINJA has mortgage, in Eastern Europe nobody has credit card and you have to be premium customer to get mortgage
                                                                                This is false. Two years ago in Latvia anyone with a job on the books could quite easily get a loan with monthly payments up to 2/3 of their salary. Someone making 600 LVL per month ($1200) could buy a $40,000 car. Now there are so many cars loans under water in Latvia that the finance companies are not even repossessing them since there are no buyers at any price. All those loans are non performing and are held by European banks (mostly Swedish). That does not even hold a candle to the amount of real estate loans that are under water.
                                                                                бабки, шлюхи, сила

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                                                                                • nolongerexists
                                                                                  Confirmed User
                                                                                  • Apr 2003
                                                                                  • 1096

                                                                                  #140
                                                                                  Originally posted by cykoe6
                                                                                  This is false. Two years ago in Latvia anyone with a job on the books could quite easily get a loan with monthly payments up to 2/3 of their salary. Someone making 600 LVL per month ($1200) could buy a $40,000 car. Now there are so many cars loans under water in Latvia that the finance companies are not even repossessing them since there are no buyers at any price. All those loans are non performing and are held by European banks (mostly Swedish). That does not even hold a candle to the amount of real estate loans that are under water.
                                                                                  Law difference I think. That's why you cant put Latvia and Poland in the same bag when it comes to crisis. Seems each country is affected in different way.

                                                                                  There was EU meeting today. Read cliff notes to get idea of what I'm talking about. :-)
                                                                                  Last edited by nolongerexists; 03-01-2009, 08:29 AM.
                                                                                  work smart not hard ;)

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                                                                                  • Paul Markham
                                                                                    Too old to care
                                                                                    • Jun 2001
                                                                                    • 52942

                                                                                    #141
                                                                                    Originally posted by $5 submissions
                                                                                    People need to realize that Business cycles are natural and should be left to unwind. Trying to "manage" it just creates bigger problems down the road.
                                                                                    The problem some have, including the US, is they are giving money to the people who dropped us into this mess and so much money repaying it is going to be tough. The people we owe it to must know that and they also know that they are part of the problem.

                                                                                    Because for decades we have exported jobs and manufacturing, imported anything we can that's 5% cheaper than producing it at home, run it on the basis that we can keep borrowing and the finance sector will earn enough to save us.

                                                                                    We now know that sector over priced every thing it could so it could pay itself massive bonuses. Little of which will be clawed back.

                                                                                    If you earn $1000 a week and spend $990 you can smile, if you earn $1,000 a week and spend $1001 or more you're going to get fucked eventually. That rule applies to individuals and empires. How many here live withing theirs means? We live withing our means.
                                                                                    Last edited by Paul Markham; 03-01-2009, 11:35 AM.



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                                                                                    • Paul Markham
                                                                                      Too old to care
                                                                                      • Jun 2001
                                                                                      • 52942

                                                                                      #142
                                                                                      Originally posted by CarlosTheGaucho
                                                                                      About Evie,

                                                                                      Say hello to that old burglar, let him get well.

                                                                                      I'm sure he'll be able to handle the disease even in that terrible ancient age of him as far as I know his boards enthusiasm!
                                                                                      I think you mean "that old bugger"

                                                                                      I'm fighting it. At home after having a tube fitted and will make a blog to keep people informed, my good friend Viv Thomas had the same thing and fought and won.



                                                                                      Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500.
                                                                                      PM me for a deal. Skype Paulmarkham70

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                                                                                      • Ethersync
                                                                                        Confirmed User
                                                                                        • Mar 2008
                                                                                        • 5289

                                                                                        #143
                                                                                        Originally posted by cykoe6
                                                                                        This is false. Two years ago in Latvia anyone with a job on the books could quite easily get a loan with monthly payments up to 2/3 of their salary. Someone making 600 LVL per month ($1200) could buy a $40,000 car. Now there are so many cars loans under water in Latvia that the finance companies are not even repossessing them since there are no buyers at any price. All those loans are non performing and are held by European banks (mostly Swedish). That does not even hold a candle to the amount of real estate loans that are under water.
                                                                                        Exactly

                                                                                        Payment reminders start filling Estonian?s mailboxes
                                                                                        http://www.balticbusinessnews.com/De...3-5c77f468f6a9

                                                                                        Even the crisis has its winners
                                                                                        http://www.balticbusinessnews.com/De...7-473f210b162a

                                                                                        Desperate times call for desperate measures
                                                                                        http://www.baltictimes.com/news/articles/22268/

                                                                                        Latvia?s new booming business ? debt collection

                                                                                        http://www.baltictimes.com/news/articles/20559/

                                                                                        Debt collectors turning to illegal methods
                                                                                        http://www.baltictimes.com/news/articles/20353/

                                                                                        Lithuania Debt Collector Uses Witchcraft
                                                                                        http://www.npr.org/templates/story/s...oryId=99451294

                                                                                        Latvians struggle with debt
                                                                                        http://www.baltictimes.com/news/articles/22266/

                                                                                        Debt collector inundated with work
                                                                                        http://www.baltictimes.com/news/articles/20052/

                                                                                        Sinking in a quagmire of debt
                                                                                        http://www.baltictimes.com/news/articles/20243/

                                                                                        Latvians leaving creditors holding the bag

                                                                                        http://www.baltictimes.com/news/articles/21649/
                                                                                        The best ePassporte replacement I have found: OKPAY

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                                                                                        • Paul Markham
                                                                                          Too old to care
                                                                                          • Jun 2001
                                                                                          • 52942

                                                                                          #144
                                                                                          Originally posted by cykoe6
                                                                                          This is false. Two years ago in Latvia anyone with a job on the books could quite easily get a loan with monthly payments up to 2/3 of their salary. Someone making 600 LVL per month ($1200) could buy a $40,000 car. Now there are so many cars loans under water in Latvia that the finance companies are not even repossessing them since there are no buyers at any price. All those loans are non performing and are held by European banks (mostly Swedish). That does not even hold a candle to the amount of real estate loans that are under water.
                                                                                          This was happening in more places than Latvia, for instance the UK was giving out mortgages no one could repay in a good economy. So the bankers could earn bonuses based on the debt portfolios. And most people were buying into the system. Look at your debts and tell me they are manageable. Even if you keep your present income.

                                                                                          Then think in terms of it dropping 15%.

                                                                                          We built a house on sand and guess what happened when the tide came in?



                                                                                          Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500.
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                                                                                          • Ethersync
                                                                                            Confirmed User
                                                                                            • Mar 2008
                                                                                            • 5289

                                                                                            #145
                                                                                            Originally posted by Jesus H Christ
                                                                                            Looks like the EE got shot down. http://www.foxnews.com/story/0,2933,502764,00.html

                                                                                            Who wants to bet within the next 6 months Austria goes the way of Iceland?

                                                                                            "BRUSSELS ? German Chancellor Angela Merkel has rejected calls for a multibillion-euro bailout plan for eastern European Union member states."

                                                                                            Well, things in Eastern Europe are about to go from really fucking bad to a whole lot worse this week
                                                                                            The best ePassporte replacement I have found: OKPAY

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                                                                                            • nolongerexists
                                                                                              Confirmed User
                                                                                              • Apr 2003
                                                                                              • 1096

                                                                                              #146
                                                                                              Originally posted by Ethersync
                                                                                              "BRUSSELS ? German Chancellor Angela Merkel has rejected calls for a multibillion-euro bailout plan for eastern European Union member states."

                                                                                              Well, things in Eastern Europe are about to go from really fucking bad to a whole lot worse this week
                                                                                              why is that?
                                                                                              work smart not hard ;)

                                                                                              Comment

                                                                                              • onwebcam
                                                                                                Fake Nick 1.0
                                                                                                • Oct 2005
                                                                                                • 27689

                                                                                                #147
                                                                                                Originally posted by cykoe6
                                                                                                I can fucking connect the dots well enough to know that you are a fucking idiot. Your idiotic delusional nonsense about the Federal Reserve is annoying enough when that is the topic but that is not the case here. I am well aware that you believe every single fucking thing that happens is part of a well orchestrated global conspiracy run by the Jews or the Illuminati or fucking lizards or whatever by I am sick and fucking tired of you sticking your paranoid simplistic bullshit into every thread.

                                                                                                Anyone who has ever left their apartment for even a few minutes and who can interact with other people without a heavy does of Lithium knows that the world is composed of competing interest groups and who are in a constant state of conflict, hence well orchestrated global conspiracies are not possible. Anyone who pays taxes or has dealings with any government agency in any country knows that government bureaucracies are barely capable of collecting taxes and then giving it away to their friends. There is not a government agency on the planet capable of keeping a big secret or operating in an efficient or stealthy manner. Even the fucking NKVD had to execute a bunch of its agents every few years to keep people quiet.

                                                                                                "Never ascribe to malice that which is adequately explained by incompetence."

                                                                                                I understand the voices in your head tell you otherwise but why don't you take your medication, get out of your basement and take a walk in the park or something. At a bare minimum please shut the fuck up. If that is not possible go post on prison planet or democratic underground where everyone will applaud your stupidity and tell you what a fucking genius you are.
                                                                                                Sorry not paranoid, no voices and I don't even take aspirin . But yes I'm very well informed. You obviously didn't take the time to watch even one of the videos I posted. Your loss.
                                                                                                Last edited by onwebcam; 03-01-2009, 11:57 AM.
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                                                                                                • Ethersync
                                                                                                  Confirmed User
                                                                                                  • Mar 2008
                                                                                                  • 5289

                                                                                                  #148
                                                                                                  Originally posted by blindzior
                                                                                                  why is that?
                                                                                                  Did you read the article?
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                                                                                                  • nolongerexists
                                                                                                    Confirmed User
                                                                                                    • Apr 2003
                                                                                                    • 1096

                                                                                                    #149
                                                                                                    Yes, I did. Hit our local news a few hours ago. We didn't want the cash. Czech didn't want the cash. It's the Hungary who wants it and another Baltic countries who seems to need it. We are going to see how it plays out, but I wouldn't be so sceptic.
                                                                                                    work smart not hard ;)

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                                                                                                    • cykoe6
                                                                                                      Confirmed User
                                                                                                      • Apr 2005
                                                                                                      • 4499

                                                                                                      #150
                                                                                                      Originally posted by onwebcam
                                                                                                      But yes I'm very well informed.
                                                                                                      What is sad is actually believe that. You think that watching an Alex Jones video on youtube makes you informed. You think that the sound and fury you idiots make screaming to each other in your echo chambers at prisonplanet actually mean something. You think that spouting your Marxist propaganda will lead to your glorious workers paradise but it only leads to Lubyanka and Vorkuta. I am only comforted by the fact that when the time comes it is coffee house revolutionaries like you that always die first.
                                                                                                      бабки, шлюхи, сила

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