The Eurozone Crisis

The Eurozone Crisis

The Eurozone Crisis resulted from a combination of complex factors, including the globalization of finance, easy credit conditions during the 2002–2008 period that encouraged high-risk lending and borrowing practices.  The financial crisis of 2007–08; international trade imbalances, real estate bubbles that have since burst, the Great Recession of 2008–2012; fiscal policy choices related to government revenues and expenses and approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses.  Sound familiar?  Yep, same deal here in the states, we're all hashing this out but the way the "Brits" go about it, well it's quite entertaining!

Let's face it, most of the countries in the world today their GDP is out of wack!  So why the politicians and banks (all central and fed) along with the brokers' flood the financial system with printed money to keep the band playing, the music is gonna stop.  Rates will go up, I think they fear it themselves, every country is printing money, at which point could ruin all currencies.  Hey, wait a minute, New World Order, one currency?  Yeah right, tell that to Russia and China, I think they have alternate plans and it don't include the petrodollar.

This is more like "New World Blunder" that's not going as scheduled.  Russia and China have stopped several moves on this and more lines in the sand are drawn, with its new restrictions in the South China Sea and the creation of an air defense identification zone.  Control of resources, Geopolitical risk in Asia between China, Japan and all the Middle East of how you function in the sandbox and other World Leaders getting pushed around and it's People thrown under a bus.  

MB Productions

 

Storm this Chamber and Hang You 

Debate: Action program for taxation in the European Union for the period 2014-2020

Godfrey Bloom MEP said, “The state is an institution of theft where politicians and bureaucrats steal money from their citizens to squander in the most disgraceful manure. The message is getting home to the people of the European Union.  As the people get your number it won't be long before they storm this chamber and hang you and they'll be right.” 

Well can you blame the Brits for wanting to pull out?

europarl

 

Fed up with the Euro? 

Whether buying bread, filling a pharmacy prescription, getting a haircut or going to the doctor, some residents of Montreuil, France, are rejecting the euro in favor of 'La Peche', a local community currency. 

In France, local currencies are growing in popularity as trust in state institutions erodes.  An elaborate coupon system lets locals pay for services and goods with special local banknotes, which are recycled and kept within the community. 

Channel "RT TV" (Full Story) 

G.C.C.U.

   

2/10/14- Some European banks need to 'Die 

Daniele Nouy, Chair of the Supervisory Board of the European Central Bank.

The mega-regulator will either close "non-viable" banks and attempt to recapitalize weak, yet "viable" lending institutions by November 2014, when they take over as the region’s bank regulator and announce the results of the "stress tests". “I hope that we will be able to resolve to put banks in run-off and not necessarily try to combine bad banks with good banks,” Nouy said.  (Remember Cyprus, good accounts bad accounts)

Channel "RT TV"