Comments on: A Financial Nightmare For Italy: The Yield Curve For Italian Bonds Is Turning Upside Down

By: ava

ava — Tue, 22 Nov 2011 13:25:29 +0000

Writing off debts is not easy, especially in this day and age. Plus you need money to be able to write them off in the first place and how many of us have than nowadays.

By: katie

katie — Tue, 22 Nov 2011 13:00:28 +0000

I really am not suprised that there is such an outcry everywhere. It is always the working man that suffers not the bankers at the top that put us in this mess.

By: lmao rednecks

lmao rednecks — Fri, 18 Nov 2011 00:13:43 +0000

You do realize that if imports stopped from outside North America, the US would last about a week before imploding into civil war, right?

In case you didn’t get it: China and Russia, put together, are Fortress Eurasia. These 2 countries have the food, the water, the minerals, don’t have peak oil (US since 1970’s, while US is still the 3rd largest oil pumper in the world, foolishly depleting its supplies. So called “oil dependent” Iran pumps only half the oil US does), have the population, the land, the industries, the trade routes, and the nuclear arsenals to defend them.

The US dollar is propped up with the full faith and backing of the US military. Anyone who is too weak and doesn’t take the dollar is bombed back to the stone age. Anyone who is strong and doesn’t take the dollar, would get surrounded by a ring of hostile countries and anti-ballistic missile sites, sanctioned, and totally isolated. China buckled in 1979 and started taking the USD. Russia buckled in 1991 and did the same. After 20 or so years of being slaves to the US dollar, they got back on their feet.

When the US military was strong, the USD was strong, which made gave the military more money and made it even stronger, etc etc. The only thing that could derail this would be the growing debt (which happened) and the decreasing marginal return of further military investment (which also happened). Now that the US military is becoming relatively weaker, the USD is declining, resulting in a vicious reverse cycle. Once the US military cannot force other countries to accept the USD or else, people will see the USD for what it is (green toilet paper) and dump it. The dollars in the outside flooding back into the US would result in hyperinflation and the total collapse of the US as a nation-state.

By: William

William — Tue, 15 Nov 2011 20:50:29 +0000

All this panic and terrible financial situation in Europe and gold is relatively stable and low-priced. I don’t understand it.

By: grace

grace — Tue, 15 Nov 2011 18:59:01 +0000

I have to say that this financial crisis has gone on too long now, why can’t we just get it started.

By: sharonsj

sharonsj — Sun, 13 Nov 2011 19:17:33 +0000

Austerity for whom? We all know the answer. It’s the 99% who will be asked again to bail out the banks. That’s because the banks went from screwing people to screwing governments, but politicians were getting too rich to care.

As for Italy, Berlesconi gave them bread and circuses until things fell apart. When the Italians learn what austerity means for them, you’ll be seeing them in the streets too.

By: JMorcan

JMorcan — Sun, 13 Nov 2011 19:04:00 +0000

The underlying problem is not the debt itself, but rather the fact that we’re not generating the growth revenues to pay it off. No amount of tax increases or spending cuts can fix that. Growth requires jobs, and jobs can only be created if we’re not competing against hundreds of millions of Chinese and Indian workers earning $0.50/hr. It may not be politically correct to suggest banning products from third-world countries and authoritarian regimes, but that is the only logical solution to our problems.

By: El Pollo de Oro

El Pollo de Oro — Sun, 13 Nov 2011 18:23:48 +0000

“These are Gerald Celente’s three Gs: gold, guns and a getaway plan. If you want to keep bombing other countries—if you want to keep expanding your global reach in wars—then as we used to say in the Bronx, payback’s a bitch.”—Gerald Celente

By: sm

sm — Sat, 12 Nov 2011 16:48:22 +0000

Solution = cancel all debt world wide … now!

By: RSteiner

RSteiner — Sat, 12 Nov 2011 05:58:04 +0000

The whole EU-thingy has stalled:

http://in-other-news.com/2011/78-percent-of-Norwegians-against-EU-membership