15 Responses to G20 talks fail to reach consensus as global debt-time bomb ticks

  1. I’m thinking it’s time to stockpile more precious metals, anything you can afford. Soon the pieces of paper currency in your wallet, and your account balance on a computer will mean nothing. The Occupy movement is adding pressure to this much-needed economic cleansing. Be prepared for anything.

    Like

  2. c/o Luisport

    zerohedge zerohedge
    Italy-Bund Spread Passes 450 bps http://bit.ly/rYZZ1W
    há 8 minutos »
    zerohedge zerohedge
    goodbye Italy
    há 11 minutos

    Like

  3. luisport says:

    In the House of Commons, Mark Hoban the Financial secretary to the Treasury admits the Euro is breaking up

    Like

  4. When I lived in Germany, back in the early 80’s, each country had it’s own currency and was responsible for it’s own finances. It seems to me that since they went to the Euro (which I always thought was a mistake, but then I’m no economic expert) they have had problems. I had heard rumors (nothing I can find online though) that Greece wants to go back to the drachma and Italy to the Lira. If it were possible, although it is probably too late, would that help or hurt their respective economies and/or Europe?

    And there are people who want to go to a one world economy where everyone is partially responsible for everyone else.

    As for stockpiling – I prefer to stockpile food and water. When everything crashes, no one may want the precious metal and you can’t eat gold and silver. Food would also make a great bartering item.

    Maranatha

    Like

  5. luisport says:

    zerohedge zerohedge
    Guest Post: The Collapse Of Our Corrupt, Predatory, Pathological Financial System Is Necessary And Positive http://tinyurl.com/63smtdq
    há 4 horas

    Like

  6. luisport says:

    zerohedge zerohedge
    U.S., EUROPE ORDERS FALL AS MUCH AS 24% AT CHINA TRADE FAIR
    há 19 horas

    Like

  7. luisport says:

    Beware the 7th of November: At Least $1 Billion Needed.
    Nov 04, 2011
    A rough week for MF Global clients may turn into quite a few rough days for all futures market participants. Yes, MF accounts are being transferred and while that solves one problem, it has created an even larger $1 billion problem. That’s billion, with a “B”.
    http://www.agweb.com/blog/opening_print/beware_the_7th_of_november_at_least_1_billion_needed/

    Like

  8. Gen says:

    The straw that broke the camel’s back. Love that pic Alvin.

    On a more serious note so far as I can see the situation can only get worse. If the Eurozone had never been formed at least if a country went bust it would have been bad luck for that country. By all being interconnected they have painted themselves into a corner. Same goes for the way things operate on the financial global market.

    Each day just gets scarier.

    Like

  9. luisport says:

    http://www.zerohedge.com/news/wikileaks-exposes-german-preparations-eurozone-chapter-11 The following cable from US ambassador to Germany Philip Murphy, “CONFIDENTIAL: 10BERLIN181” tells us all we need to know about what has been really happening behind the smooth, calm and collected German facade vis-a-vis not only Greece, but all of Europe, and what the next steps are: “A EUROZONE CHAPTER 11: DB Chief Economist Thomas Mayer told Ambassador Murphy he was pessimistic Greece would take the difficult steps needed to put its house in order. A worst case scenario, says Mayer, could be that Germany pulls out of the Eurozone altogether in 20 years time. In 1990, Germany’s Constitutional Court ruled that the country could withdraw from the Euro if: 1) the currency union became an “inflationary zone,” or 2) the German taxpayer became the Eurozone’s “de facto bailout provider.” Mayer proposes a “Chapter 11 for Eurozone countries,” which would place troubled members under economic supervision until they put their house in order. Unfortunately, there is no serious discussion of this underway, he lamented.” This was In February 2010. The discussion has since commenced.

    Full cable, created on February 12, 2010, presented with no comments, and just the occasional highlight, as all of what Germany is really saying has already been said by us as well.

    Like

  10. luisport says:

    zerohedge zerohedge
    US Ambassador to Germany Murphy, “spent 23 years at Goldman Sachs and held a variety of senior positions, incl… (cont) http://deck.ly/~Boqvl

    Like

  11. luisport says:

    Just breaking now: After a weekend of negotiations, it’s being reported that there’s a deal in place for a national unity government in Greece.

    According to Dow Jones, PM George Papandreou has emerged from a meeting with opposition leaders Samaras.

    They agreed that Papandreou will step down and a new national unity government/PM will be named tomorrow.

    In more good news for European stability (for the meantime) the government will call for new elections after the latest bailout deal is implemented.

    The name of the new PM has not yet been revealed.

    Read more: http://www.businessinsider.com/national-unity-government-in-greece-2011-11#ixzz1cxsFxTbN

    Like

  12. Thank you for the updates luisport. I will be watching to see what this does to the U.S. markets on Monday. If this is a “fix-it-all” solution, I feel it will be a temporary one.

    Maranatha

    Like

  13. luisport says:

    BreakingNews Breaking News
    France unveils €65 billion austerity package – France 24 http://f24.my/fROO7g
    há 4 minutos » SkyNewsBreak Sky News Newsdesk
    por BreakingNews
    Italian 10 year bond yields have risen to a record high of 6.54%
    há 4 horas

    Like

  14. luisport says:

    zerohedge zerohedge
    Wall Street Journal Lays It Down: “Merkel And Sarkozy Have Lost Credibility” http://tinyurl.com/c9uelbv
    há 2 minutos

    Like

  15. luisport says:

    zerohedge zerohedge
    BERLUSCONI SAYS WILL HOLD CONFIDENCE VOTE AUSTERITY MEASURES – Libero
    há 2 minutos » zerohedge zerohedge
    Berlusconi Tells Repubblica Ahead Of Confidence Vote: “I Want To Look My Traitors In The Face” http://tinyurl.com/cokk8gs
    há 3 minutos

    Like

All comments are moderated. We reserve the right not to post any comment deemed defamatory, inappropriate, or spam.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s