The new Iceland? The likelihood of Greece becoming the next Iceland and plunging into bankruptcy looms over a meeting of EU finance ministers in Brussels today as the Greeks prepare to take another pasting from their colleagues.
After years of profligacy, hosting the costliest Olympic games ever in 2004 and failing to rein in its spiralling public debt, the country was on the brink of defaulting on loans, according to some seasoned commentators.
And the uncomfortable prospect of the eurozone member being unable to pay its debts was one that investors were pondering in the wake of the Dubai crisis that has sent markets falling around the world.
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At midnight last night, the United Kingdom ceased to be a sovereign state
We woke up in a different country today. Alright, it doesn’t look very different. The trees still seem black against the winter sun; the motorways continue to jam inexplicably; commuters carry on avoiding eye contact. But Britain is no longer a sovereign nation. At midnight last night, we ceased to be an independent state, bound by international treaties to other independent states, and became instead a subordinate unit within a European state.
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Hey, Canadians! Does it ring a bell to you with the Olympic Games? The idiotic idea that everyone will want to come here and buy expensive condos and then start paying rip off taxes. Ha-ha. Is this going to be the final straw that will break the proverbial camel’s back?
ReplyDeletethe nation that will fail soon will be Irelan,Greece,Romania,Ukraine,latvia. it seemd evry six months thing detiorate. where the fuck are the green shoots these clowns in fox,cnn,msnbc see? they saw grees shit that what they saw. its going to be a long 2010.
ReplyDeleteYah 2010 is going to be bad.
ReplyDeleteReal bad.
I think there will an avalanche of defaults all over the world, from small businesses on up to entire soveriegn nations such as America.
The world economy will turn no good.
Lack of food will become a big issue.
Public safety will become incredibly haphazard and unpredictable, even in big well patrolled areas like wall street / Manhattan.
Serious fighting between the poor impoverished and the police forces contracted to herd /regulate them will become normal. The levels of violence displayed by 'the sheeple' will surprise the fuck out of the big boys.
America will start a new war and try to sell it to the people as a good way to do something good while you're unemployed. Won't work. Mayhem, riots, civil insurections.
The works.
France will be overrun by Muslims who next shall invade Rome. The vatican will be burned by a crowd of starving people who hear a rumour they have food in there.
Oil will be cheaper in mexico than in the US.
If the U.S collapse Canada will be hit even Harder . This welfare state in wich 60% of the people are living off of Governent , pensioners , Social assistance recipients , Workers comp (albeit not supplied by gov't) 60% my friends . What will happen when the payments start going out , and hyperinflaton starts hitting us , hyperinflation is very soon to occur because Harper just announced another 66Billion CAD $ in STIMULUS . Even if you have Silver or Gold , the people are so dumb they would only offer you face value for your coins . I went to the pharmacy yesturday just to try something out . I went with a 1oz Silver Canadian maple leaf stamped with a 5$ face value , but market value is approx 26-32$ , the lady said she would only allow the coin to exchange for 5$ . So in my opinion you can have all the gold and silver in the world , but if it is not recognized in stores and by the people(sheeple) it is utterly worthless to say !!!
ReplyDeleteGold & silver coins aren't recognized yet but they soon will be.
ReplyDelete