Showing posts with label greece. Show all posts
Showing posts with label greece. Show all posts

Tuesday, February 7, 2012

'Europe is poor so should live within its means'

'Europe is poor so should live within its means'

For decades the West has lectured the East on how to manage its economies. Not any more.
Now the emerging economies of Asia look like models of steady, consistent policy and sustained growth while Europe, America and Japan are mired in debt and are growing achingly slowly, if at all.
So what can the West learn from the East?
According to former Malaysian Prime Minister Mahathir Mohamad, the message is simple but devastating: Europe must face up to the new economic reality.
"Europe... has lost a lot of money and therefore you must be poor now relative to the past," he reasons in an interview with BBC World Service's Business Daily.
"And in Asia we live within our means. So when we are poor, we live as poor people. I think that is a lesson that Europe can learn from Asia."

Monday, September 12, 2011

Ready ........ Get ......... Set ............ Go.... Get Ready for Crash

The Market is Jittery......... Peoples and Leaders are Worried

I don't know know why they are worried?
Whom these leaders really represents?
The billions of poor who voted them to power or few millions who finance their election bids.
These leaders always looks at the lobbies for financing their election bids and these comes with price. 
This price tag is many times very high and at the cost of those voted them to power.
This is why they care and financed the gambling of rich, the rescue of banks and the different measures to avoid the crash is nothing more than the sucking blood of poor.
More and more people are getting hungry and poorer. The basic necessity of life Food is becoming more and more non affordable to them.

Let their be crash and this will start of cleaning of toxic in the system. This will make food more affordable for poor. 

This crash will not solve the problem unless and until we remove the causes from the system which made this crisis.

The financial system needs cleaning and this is painful. There is no other solution.

Let there be crash.......... it will be good for market.

Thursday, June 23, 2011

Let There be cleanup.

Euro Crisis: Derivatives Cloud the Possible Fallout From a Greek Default - CNBC

In years past, when financial crises in Argentina and Russia left those countries unable to make good on their government debts, they simply defaulted. But this time around, swaps and other sorts of contracts have become so common and so intertwined in the financial markets that there are fears among regulators and financial players about how a Greek default would play out among derivatives holders.
The looming uncertainties are whether these contracts — which insure against possibilities like a Greek default — are concentrated in the hands of a few companies, and if these companies will be able to pay out billions of dollars to cover losses during a default.

Thursday, June 16, 2011

Sovereign Debt Crisis: Investors Bet on Prospect of 'Greek Accident' - CNBC

Sovereign Debt Crisis: Investors Bet on Prospect of 'Greek Accident' - CNBC

This is called CDS, derivatives and many good name. I call them casino's and betting. This needs to controlled. No one has the right to tell and bet on others bankruptcy.

Why people should pay for those who are playing casino's. Let them play casino's. Please don't call it banking.

Keep the banking, only banking clean of all garbage.

Make investment banking, and all its instruments a separate system, and clearly mention their risk as casino's. Those who want to play, no one can stop them to play with their own money.

These people should not be allowed to play with retirees money, pension funds, university money and insurance money and governemnt money and tax payers money.

Let them play with their own money.

The best solution for Greece and Euro, is to default.

Let the banker take hit and haircut on their debt.

Tax payers should not be made to pay for luxury of bankers and banking.

Default will not be a trigger for next melt down.

Greek PM to Reshuffle Cabinet; IMF 'Concerned' - CNBC

Will Greece be trigger point?

No I don't think so?

It will not be a trigger for next melt down, it is already discounted in market. It is smaller than Lehman default? The strigger needs to be bigger. There is nothing to worry? If it default, then it is best thing now. If not then it will default in next year or so. Present situation of Europe is much better than USA. The toxic is in the system there and financial system.

European default in general will not be trigger for next meltdown? After Greece........ Irland...... Spain.........Portugal...........Italy. One at a time. Still no problem. They all will default in next three to five years time, if not now. Let us clean it.

Global meltdown trigger can only come from USA, I am waiting for AIG or Goldman, they will be the trigger for collapse.

In my opinion Fed will go for next round of easing and then let us wait for more.

This will be 3 to 5 years. And best job guarantee is War?

War is coming? Libya is one, Yemen next, then Syria and yes Sudan. This how to create jobs for 10% unemployeed US.

Arab world has started changing but now, this is turn of Europe to change.

Greece, Space and many more more regime will change.

Wednesday, June 15, 2011

The best option for Greece is to default

Euro Debt Crisis: Greece Crippled by Protests, Strike Over Austerity - CNBC

Greece are already junk grade CCC and nothing more to lose. The best option today for them is to default. Dubai defaulted and restryctured and now moving slowly so is Iceland. in 1996 currency crisis Indonesia along with other nations used the gimmick.
Why the nation and peoples pay for the American Mess? Let there be default, give the bond holder including the master of the ring Goldman big haircut. It will take some time but Greece will be soon out of crisis.
Default will help Greece to come out of the crisis soon. If we look at history of default then, Argentina and many more defaulted. The bond holder who paid for corruption and luxury must be held responsible and given good haircut on their value.
Why future generations pay for the crisis?
No to mess? No to Printing Press? No to Printing money worth nothing.
For the bright future and safe and secure tommorrow for the next generation best solution is default.
The bond holder must pay for their risk?
This is only way out.