Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up

Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (Full Version)

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pahunkboy -> Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/12/2010 1:33:17 PM)
Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up

DCWoody -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/12/2010 1:37:20 PM)
I thought that was really strange phrasing for a headline: prison planet. Surprise surprise.

pahunkboy -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/12/2010 1:38:55 PM)
I should start blocking you. I dont like to block anyone... but you are NEVER happy.

tazzygirl -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/12/2010 1:45:55 PM)
ah hell, pa. you start blocking those who arent happy, and you wont see half of cm posting.

pahunkboy -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/12/2010 1:47:43 PM)
quote: ORIGINAL: tazzygirl ah hell, pa. you start blocking those who arent happy, and you wont see half of cm posting. I know. I dont like to be that way either. There is pretty much only one person here that never has anything decent to say. I don't mean Woody.

DCWoody -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/12/2010 5:57:08 PM)
Just because the majority of your posts aren't worth discussing, doesn't mean I'm not a fairly cheerful guy :p

pahunkboy -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/12/2010 6:00:53 PM)
I forgive you.

stef -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/12/2010 8:29:41 PM)
I'd forgive you if you stopped being insane. ~stef

Fellow -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/12/2010 8:56:46 PM)
"So the next logical question once a country enters into bankruptcy mode, is who will be the trustee? Merkel already has a plan for that too – the Berlin Club." Extrapolating from here: So the next logical question once USA enters into bankruptcy mode, is who will be the trustee?

ThatDamnedPanda -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/12/2010 10:18:58 PM)
quote: ORIGINAL: Fellow "So the next logical question once a country enters into bankruptcy mode, is who will be the trustee? Merkel already has a plan for that too – the Berlin Club." Extrapolating from here: So the next logical question once USA enters into bankruptcy mode, is who will be the trustee? China.

SweetPoosy -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/12/2010 10:28:54 PM)
Jeebus Panda, that is so true it ain't funny!

DCWoody -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/13/2010 6:47:18 AM)
quote: ORIGINAL: Fellow "So the next logical question once a country enters into bankruptcy mode, is who will be the trustee? Merkel already has a plan for that too – the Berlin Club." Extrapolating from here: So the next logical question once USA enters into bankruptcy mode, is who will be the trustee? The US doesn't have other nations backing up its currency in the way the eurozone countries do, if its debt gets too large people will stop using it as the default for trading oil etc, and US$ value will fall significantly....making the debt far cheaper to pay. This would happen far before the debt went beyond what the US can afford...ya ain't gonna go bankrupt, just fuck yourselves economically if ya borrow too much....but ya can probably take at least 200% GDP debt before there's any danger of that, and the scope for balancing the us govt. budget is huge. The bad thing for usaican population about the massive borrowing of your govt is ending up spending more and more of your taxes on debt interest rather than anything useful....I really wouldn't worry about bankruptcy, ain't gonna happen.

pahunkboy -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/13/2010 7:15:55 AM)
I am guessing the IMF.

DCWoody -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/13/2010 11:03:22 AM)
If a nation borrows from the IMF it has a different contract to the markets true, markets (assuming you're having financial trouble) give you a loan at high interest...IMF gives low interest loans, but only on the condition that....you raise VAT or whatever, depending on situation. It's not an administrator/winding up situation though. I can't see the usa going to the IMF, way too proud, and no need.

pahunkboy -> RE: Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up (7/13/2010 11:04:36 AM)
quote: ORIGINAL: DCWoody If a nation borrows from the IMF it has a different contract to the markets true, markets (assuming you're having financial trouble) give you a loan at high interest...IMF gives low interest loans, but only on the condition that....you raise VAT or whatever, depending on situation. It's not an administrator/winding up situation though. I can't see the usa going to the IMF, way too proud, and no need. I hope you are right. I tend to think the US will hold out as long as possible.

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