Big Trouble Ahead

JONJO THE MISER

http://www.zerohedge.com/article/ceasefire-between-germany-and-ecb-has-expired-greek-compromise-plan-now-table

Looks like the Greek situation is going to cause havoc.

biko

Submitted by Tyler Durden on 06/19/2011 11:47 -0400

Not sure the Economy forum would accept this.

Kylo Ren

I like Turtles.

ejmaztec

Keno 92 wrote: »

I like Turtles.

Teenage mutant ninja, or just plain turtles?

Kiera

Keno 92 wrote: »

I like Turtles.

Mmmm turtle stew.....

galwayrush

No point emigrating to Greece then, plenty of other places to go when this ****hole goes down.

JONJO THE MISER

Greece are likely to default which will have major ripples here and across the world, this is a another Lehmans in the making.
Wanna see what happens when Greece defaults :http://www.cnbc.com/id/43425042

galwayrush

Kiera wrote: »

Mmmm turtle stew.....

Real or mock?

Kiera

galwayrush wrote: »

Real or mock?

I'm a greedy bint so both

cml387

JONJO THE MISER wrote: »

Greece are likely to default which will have major ripples here and across the world, this is a another Lehmans in the making.
Wanna see what happens when Greece defaults :http://www.cnbc.com/id/43425042

Ripples?

It's time to crack open each others skulls and feast on the grey goo within.

Orando Broom

Zerohedge? Wasn't he the lad that cracked heads in Apocalypto.

Crann na Beatha

This post has been deleted.

ejmaztec

It's unlike Jonjo to be predicting the end of the world again.

swordofislam

Islamic finance is the way to go. That's why every single Muslim country is mad rich.

Biggins

swordofislam wrote: »

Islamic finance is the way to go. That's why every single Muslim country is mad rich.

There was me thinking it was the oil! Silly me.

cml387

and yet the BBC are reporting that a deal is expected
http://www.bbc.co.uk/news/business-13832164

SEPT 23 1989

Guns and tinned food

cml387

SEPT 23 1989 wrote: »

Guns and tinned food

Just use a can opener.

longshanks

Grace Kelly was a beautiful woman

ejmaztec

swordofislam wrote: »

Islamic finance is the way to go. That's why every single Muslim country is mad rich.

I'd hate not to keep up the payments on my Sharia Tracker Mortgage:eek:

Biggins

cml387 wrote: »

and yet the BBC are reporting that a deal is expected
http://www.bbc.co.uk/news/business-13832164

Its unavoidable.
The big boys though have started to kop on though that their conditions can't be too tight or they will end up crushing the economy (or whats left of it).
The CIA says that the country is possible bordering in near coup status with the levels of unrest.

Solnskaya

ejmaztec wrote: »

I'd hate not to keep up the payments on my Sharia Tracker Mortgage:eek:

It's shi-ite when you cant make the repayments, they chop your jihead of.

mikom

Meanwhile in Spain.............

MADRID, June 19 (Reuters) - Tens of thousands of Spaniards abandoned their customary quiet day with families and friends on Sunday to march against the so-called "Euro Pact" and the handling of the economic crisis.

"I'm here because this is a con," said Juanjo Montiel, 26, one of four blind protestors in Madrid, who works in Information Technology for around 1,000 euros a month.

"I'm lucky enough to have a job, but many don't and have no chance. And on top of that, the politicians want to make more cuts. This is not our fault, it's the system."

The political leaders of the euro zone's fourth largest economy have worked hard to convince investors the country will not follow Greece, Portugal and Ireland in needing a bailout.

Since May, the protests have snowballed.

grizzly

JONJO THE MISER wrote: »

Greece are likely to default which will have major ripples here and across the world, this is a another Lehmans in the making.
Wanna see what happens when Greece defaults :http://www.cnbc.com/id/43425042

This last slide put's things in perspective;

The Sun Also Rises
This parade of horribles does not portend the end of the world. The sun will rise the day in the event Greece defaults. And it will rise the next day, and the next. People will still fall in love, get married, have children, make friends, and find innovative ways to cope with a world that seems a little less safe than it did a few months ago.

Eventually, someone, somewhere, will make a fortune by correctly calling the inevitable economic recovery.

kowloon

I hope riot dog ends up running the place.

ejmaztec

Why can't they be sensible people and bend over like the rest us? Surely the ECB will supply free KY Jelly to help us through this crisis?

cml387

Biggins wrote: »

Its unavoidable.
The big boys though have started to kop on though that their conditions can't be too tight or they will end up crushing the economy (or whats left of it).
The CIA says that the country is possible bordering in near coup status with the levels of unrest.

Interesting that of the PIIGS,only Ireland and Italy have been democratic states for more than forty years.

mikom

kowloon wrote: »

I hope riot dog ends up running the place.

"Yes we can-ine"

ejmaztec

cml387 wrote: »

Interesting that of the PIIGS,only Ireland and Italy have been democratic states for more than forty years.

And Italy's had a new government every week during that time.

beano345

kowloon wrote: »

I hope riot dog ends up running the place.

https://www.youtube.com/watch?v=Yax-adLCTgg

inforfun

swordofislam wrote: »

Islamic finance is the way to go. That's why every single Muslim country is mad rich.

True. Especially the ones in Africa.

Corsendonk

I in 4 greeks don't pay tax at all, tax dodging seems to be the national past time.

mikom

Corsendonk wrote: »

I in 4 greeks don't pay tax at all, tax dodging seems to be the national past time.

"It isn't the Greeks, it's the Chinese he's after."

goat2

JONJO THE MISER wrote: »

Greece are likely to default which will have major ripples here and across the world, this is a another Lehmans in the making.
Wanna see what happens when Greece defaults :http://www.cnbc.com/id/43425042

Excuse me if i sound thick, but what will it mean to us if greece go down, a few nights ago on one of the english news channels, they were saying if we go down, it will have big implications for great britain, but what will it really mean to us if greece default

DERICKOO

Corsendonk wrote: »

I in 4 greeks don't pay tax at all, tax dodging seems to be the national past time.

If you vote for me i will give you a job in the local council sweeping the roads and you can retire at 60 how,s that.

Can I have one tooo.

Radharc na Sleibhte

Wont interest rates go through the fcuking roof?

galwayrush

Radharc na Sleibhte wrote: »

Wont interest rates go through the fcuking roof?

That will mean **** all if no one can afford to pay them.

Biggins

Corsendonk wrote: »

I in 4 greeks don't pay tax at all, tax dodging seems to be the national past time.

Aaa' well, the tax collectors must have slipped up there in Greece!

galwayrush

Biggins wrote: »

Aaa' well, the tax collectors must have slipped up there in Greece!

I'll pass you yer coat.........:pac::pac:
The slippery path to a Greek tragedy.

Corsendonk

DERICKOO wrote: »

If you vote for me i will give you a job in the local council sweeping the roads and you can retire at 60 how,s that.

Can I have one tooo.

That sums up the greek economy.

Meanwhile back at the ranch the Chinese have their own problems with inflation increasing and state officials starting to get too greedy


BBC News Website

Thousands of corrupt Chinese government officials have stolen more than $120bn (£74bn) and fled overseas, mainly to the US, according to a report released by China's central bank.

Between 16,000 and 18,000 officials and employees of state-owned companies left China with the funds from the mid-1990s up until 2008.

The officials used offshore bank accounts to smuggle the funds, according to the study posted on the People's Bank of China website this week but which has since been removed.

It said the officials smuggled about 800 billion yuan into the US, Australia, Canada and Holland through offshore bank accounts or investments, like property or collectables.

The stolen funds were covered up by disguising them as business transactions by establishing private companies to receive the money transfers.

The study said corruption inside China was severe enough to threaten the nation's economic and political stability.

JustAddWater

I dont care so long as I can have a go at the Greeks!

They invented gayness

galwayrush

JustAddWater wrote: »

I dont care so long as I can have a go at the Greeks!

They invented gayness

You don't need to go that far if you want a go at someone gay.:D

stimpson

JustAddWater wrote: »

I dont care so long as I can have a go at the Greeks!

They invented gayness

Damn. Beaten to it.

Feckin Greeks.

Biggins

JustAddWater wrote: »

I dont care so long as I can have a go at the Greeks!

They invented gayness

Wot?
Before or after tea time?

Richard tea

I really dont see what the big fuss is about. Sure didnt we vote yes to the Lisbon treaty..........the job are coming:)

greendom

goat2 wrote: »

Excuse me if i sound thick, but what will it mean to us if greece go down, a few nights ago on one of the english news channels, they were saying if we go down, it will have big implications for great britain, but what will it really mean to us if greece default

Well I'm no expert but I would imagine that eventually we would have to default too as when we wanted our next bailout Europe would no longer be able to afford it.

It would affect the European economy and could cause a big hole in our export market - the one thing showing signs of promise at the moment.

Another crisis in the World money market would cause massive instability and major banks could fail. Apart from that not much of an impact at all. We'd barely notice it to be honest

Fremen

JONJO THE MISER wrote: »

http://www.zerohedge.com/article/ceasefire-between-germany-and-ecb-has-expired-greek-compromise-plan-now-table

Looks like the Greek situation is going to cause havoc.

Aren't you the guy that was claiming last year that the Icelandic supervolcano Katla was going to erupt and kill us all within a matter of months?

goat2

Fremen wrote: »

Aren't you the guy that was claiming last year that the Icelandic supervolcano Katla was going to erupt and kill us all within a matter of months?

what dont kill you,,, makes you stronger

Solnskaya

goat2 wrote: »

what dont kill you,,, makes you stronger

What about Herpes?

(I think he was the Greek god of STD's.)

biko

In other news, embedding youtube videos can give you prison
http://www.techdirt.com/articles/20110601/01515014500/senators-want-to-put-people-jail-embedding-youtube-videos.shtml

galwayrush

biko wrote: »

In other news, embedding youtube videos can give you prison
http://www.techdirt.com/articles/20110601/01515014500/senators-want-to-put-people-jail-embedding-youtube-videos.shtml

****, now that is a serious issue.