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Brendan Keenan's "Bleak Omens" for Europe!


Dublin 4

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AS finance ministers, EU chiefs and IMF bosses gathered in Brussels last night, just about the only thing that could be said with any certainty was that the Cyprus crisis was just beginning – and perhaps another euro crisis as well.
It also seems highly unlikely that the proposed €16bn bailout will be enough. Yet any significant amount more will bankrupt Cyprus.


This crisis is only beginning and omens for Europe are bleak - Independent.ie

Whilst the Deefster warned ya'll over the past 2 years that the Crisis was worsening - Brendy Boy & Co regularly claimed all would be ok.

According to Brendy Boy now it's pretty "fkin far from Ok"...

Over the next few weeks & months I will be updating readers about the horrific state of almost Universal Insolvency within the EU.

Recently it was highlighted that EU Unemployment was 2 & 1/2 times higher than Brazil's - this crisis is going nowhere fast.

The EZ is being propped up by Toxic Derivatives & unservicable loans.

Keep an eye on Slovenia!

I've never said the Euro would collapse but the level of Toxic Overleving will ensure that this Rollercoaster will continue for a good while yet & may bring down the EU itself... :shock2:
 

Ribeye

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Don't be so hard on Keenan Deef,

I think it's good that a person with such a serious intellectual disability can get a job as a journalist,
 

Analyzer

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Spain.

And then Belgium. And that will be a real shocker.
 

Analyzer

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Don't be so hard on Keenan Deef,

I think it's good that a person with such a serious intellectual disability can get a job as a journalist,
To be honest the Irish media has always been positive about employing people with intellectual inability.

Ballsy, Desperately positive Dan, Austin of the "Soft landing", Drennan, myhole.ie, Willie O'Twee, etc..
 

Analyzer

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Absolute twaddle , did you not hear Micky Noonan tell us everything was sorted out this morning !!!
Has Noonan been chomping the Feta cheese again ?
 

Orbit v2

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If anything, the situation is more troubling than a week ago; with the bizarre idea that depositors in one bank should be levied more heavily than in others; that at least one bank would be wound up;
What is so bizarre about that? Our problem was we bailed out depositors in all institutions even the ones who behaved most recklessly by putting money in the cowboy outfit Anglo. Is this not an orderly resolution?
 

Dublin 4

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The "Resolution" game is starting to change with the Crisis... :shock2:
 

mr. jings

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Ahem...

[video=youtube;7inIiXeROpU]https://www.youtube.com/watch?v=7inIiXeROpU[/video]

The guy shouldn't even be compiling the TV listings...
 

LamportsEdge

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In any other crisis I've heard of or read about this would be the procession of toxic sludge through the system until time and tide reduces it to manageable proportions.

In this case we have an unmanageable toxic cargo sliding around Europe sealed in an enclosed chamber of the Euro currency.

Only two possibilities remain- the policy solution which is to continue sludging it around Europe unresolved until it breaks up over a very long period of time (Ireland's charity for corrupt bankers and the banker's handbag-dogs in the Oireachtas until 2043 as an example) or a window will have to be opened with the likelihood that someone like Cyprus, Belgium, Portugal falls outside the system with the sludge.

The thing is that not one country in the Eurozone has failed as far as I can see to add as much unsustainable debt as possible to the general toxic sludge of debt through the crooked banking sectors Europe-wide and domestically.

Cyprus cannot be bailed out except via another fiddle- the 'service sector' (ie unsustainable debt) cannot be paid by Cyprus because it would bankrupt and cause the island to default- unless as I say the dicing and slicing of the public appearance of that debt is managed step by step by politicans/ECB/IMF.

Germany itself, the stern fiscal Mutter of this disastrous attempt at multiplying averages in the name of 'European Union' is also hiding massive debt and its bankers have certainly contributed hugely to the toxic sludge.

So. We keep the shyte circulating in the hermetically sealed chamber of the Eurozone or the trapdoor opens and someone falls out.

Thats it, really.
 

lies

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yes


This crisis is only beginning and omens for Europe are bleak - Independent.ie

Whilst the Deefster warned ya'll over the past 2 years that the Crisis was worsening - Brendy Boy & Co regularly claimed all would be ok.

According to Brendy Boy now it's pretty "fkin far from Ok"...

Over the next few weeks & months I will be updating readers about the horrific state of almost Universal Insolvency within the EU.

Recently it was highlighted that EU Unemployment was 2 & 1/2 times higher than Brazil's - this crisis is going nowhere fast.

The EZ is being propped up by Toxic Derivatives & unservicable loans.

Keep an eye on Slovenia!

I've never said the Euro would collapse but the level of Toxic Overleving will ensure that this Rollercoaster will continue for a good while yet & may bring down the EU itself... :shock2:
How many times will people write, "the sky is falling" articles about the euro? They've been written for decades and yet, the sky never falls.

In fact, so many anti-Euro campaigners are also deregulate the marketeers, ignoring the role that capitalist crooks played in all of this.

These articles are as factual as all propaganda.
 

Burnout

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I have a life.
Can anyone tell me about the black hole in German banks...or are there none?

Ireland was special.
Greece was special.
Cyprus was special.
Spain .................?
Italy ...................?
Portugal ..............?

Where does this special relationship we all have with our 'EU Partners' end? When does the rot stop?
 

Dublin 4

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How many times will people write, "the sky is falling" articles about the euro? They've been written for decades and yet, the sky never falls.

In fact, so many anti-Euro campaigners are also deregulate the marketeers, ignoring the role that capitalist crooks played in all of this.

These articles are as factual as all propaganda.
But this one has been written by somone who claimed all was well up until now.

The "all will be grand" chumps have a Man overboard...
 

Dillinger

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How many times will people write, "the sky is falling" articles about the euro? They've been written for decades and yet, the sky never falls.

In fact, so many anti-Euro campaigners are also deregulate the marketeers, ignoring the role that capitalist crooks played in all of this.

These articles are as factual as all propaganda.

You really are institutionalised by Civil War politics. Countries are being bailed out one after another, businesses are closing on a daily basis, and you think there is no problem ?!. I am not anti euro, but, I know that we have a serious problem. Ignoring that issue is just stupid.
 

Dublin 4

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Dublin 4

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Analyzer

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Can anyone tell me about the black hole in German banks...or are there none?

Ireland was special.
Greece was special.
Cyprus was special.
Spain .................?
Italy ...................?
Portugal ..............?

Where does this special relationship we all have with our 'EU Partners' end? When does the rot stop?
Belgium................?
France.................?

Also nonECB members, who have similar misguided policies ;
Sweden................?
 
S

simeongrimes

In fact, so many anti-Euro campaigners are also deregulate the marketeers, ignoring the role that capitalist crooks played in all of this.
Something you need to understand about capitalists is that they don't like free markets. They just like making money and if they can bribe or bully a politician into rigging the market for them they will do it. It is the state which should be insisting on free and fair markets where if you invest in something like Anglo-Irish Bank and it goes to the wall then hard luck you're money is gone. This crisis is the responsibility of the political class who allowed the banks to run rings around them because they have no understanding of core principles.
 

Analyzer

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Something you need to understand about capitalists is that they don't like free markets. They just like making money and if they can bribe or bully a politician into rigging the market for them they will do it. It is the state which should be insisting on free and fair markets where if you invest in something like Anglo-Irish Bank and it goes to the wall then hard luck you're money is gone. This crisis is the responsibility of the political class who allowed the banks to run rings around them because they have no understanding of core principles.
Finance capitalists are different to industrial capitalists. They produce nothing except illusion.

Finance capitalism is about suckering people into mega mortgages. Debt slaves.
 
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