End of the Euro area by 5 years after Nouriel Roubini

Current Economy and Sustainable Development-compatible? GDP growth (at all costs), economic development, inflation ... How concillier the current economy with the environment and sustainable development.
User avatar
stipe
Éconologue good!
Éconologue good!
posts: 224
Registration: 07/01/11, 14:36
Location: Oise (60)




by stipe » 15/12/11, 11:48

dedeleco wrote:You have to change the title 5 years becoming 2 months !!!!


Lire:

http://www.leap2020.eu

[humor]
Dedeleco cites without having read completely and understood the concepts and analyzes developed by LEAP, while these people do a huge job that deserves a lot of attention.
Never has this site announced the end of the Euro, and still months from here 2 months ...

http://www.leap2020.eu/Crise-systemique ... a7898.html
Our team could address this topic as the Anglo-Saxon media, the President of the United States and its ministers (7), experts from Washington and Wall Street, and more generally the mainstream media (8) do this lately to about all aspects of the global systemic crisis, ie saying: "It's the fault of Greece and the Euro! ". This would obviously have the virtue of reducing to a few lines this part of GEAB N ° 58 and remove any hint of analysis of possible causes in the United States, the United Kingdom or Japan. But, unsurprisingly for our readers, this will not be the choice LEAP / E2020 (9) chooses. Being the only think-tank to have anticipated the crisis and planned rather faithfully its different phases, we will not indeed abandon today a model of anticipation that works well in favor of prejudices devoid of any predictive ability (n ' let's not forget that the Euro is still doing well (10) and that Euroland has just achieved its feat of linking in six weeks the 17 parliamentary votes needed to strengthen its financial stabilization fund (11)). So, rather than propagating propaganda or "ready-to-think", stay true to the method of anticipation and stick to a reality that we need to unveil in order to understand (12).

In this case, for ages, when we think "banks", we think primarily of the City of London and Wall Street (13). And for good reason, for more than two centuries for London, and nearly a century for New York, these two cities are the two hearts of the international financial system and the dens par excellence of the great bankers of the planet. Any global banking crisis (like any major banking phenomenon) therefore has its source in these two cities and ends its course too, since the modern global financial system is a vast process of incessant recycling of wealth (virtual or real) developed by and for these two cities (14).

The decimation of Western banks that begins and will continue in the coming quarters, a historical phenomenon, can not be understood and measured without analyzing primarily the role of Wall Street and London in this financial debacle. Greece and the Euro undeniably play a role as we have analyzed in previous GEABs, but these are the triggers: the debt of Greece, it is yesterday's banking turpitudes that explode in the public square today ; the Euro is the spur of the future that pierces the current financial ballad. These are the two fingers that point the problem; but they are not the problem. This is what the wise man knows and what the idiot does not know according to the Chinese proverb (15).


[/Humor]

without hard feelings : Mrgreen: : Lol:
0 x
"the goal of every life is to end" !.
dedeleco
Econologue expert
Econologue expert
posts: 9211
Registration: 16/01/10, 01:19
x 10




by dedeleco » 15/12/11, 12:58

But the debt level of the German, French and other governments is how much per capita ??
The interest rates to lend to these states are climbing, and therefore, as they will no longer be able to pay on credit, everyone will want to leave, which the Germans refuse, in the form of monkey money!
So, even if the rest of the economy is healthy, with 10 to 20 thousand euros of government debt per capita of Europe, there will be explosion of the €, by insolvency of the governments, without the least means of payment, bankruptcy governments, by explosion, unemployment, public servants and public underpaid, as in the USA already.

There is no need for analysis, since 2008, by specialists, to realize that the "safe" obligations of formerly life insurance are rotten, like me who, refuses the proposals of banks for a very long time, and therefore governments will be bankrupt.

So I repeat:
You have to change the title 5 ans becoming 2 months !!!!


Pray I'm wrong more than a month !!
0 x
User avatar
Obamot
Econologue expert
Econologue expert
posts: 28725
Registration: 22/08/09, 22:38
Location: regio genevesis
x 5538




by Obamot » 15/12/11, 14:31

stipe wrote:Dedeleco Quote without having read completely and understood the concepts and analyzes developed by LEAP, while these people do a huge job that deserves a lot of attention. [...]

without hard feelings : Mrgreen: : Lol:


( : Mrgreen: )
0 x
dedeleco
Econologue expert
Econologue expert
posts: 9211
Registration: 16/01/10, 01:19
x 10




by dedeleco » 15/12/11, 14:51

There is no writing that the € will surely resist against all oddsespecially if the Germans continue to refuse to print monkey money.

And you who believe, pray.

But obamot with his Swiss Franc laughs.
0 x
User avatar
stipe
Éconologue good!
Éconologue good!
posts: 224
Registration: 07/01/11, 14:36
Location: Oise (60)




by stipe » 15/12/11, 22:31

dedeleco wrote:There is no writing that the € will surely resist against all oddsespecially if the Germans continue to refuse to print monkey money.

And you who believe, pray.

But obamot with his Swiss Franc laughs.


Seriously in today's newsletter, do you see something that will make you feel the end of the euro by the time of 6mois?

http://www.leap2020.eu/GEAB-est-disponi ... a8454.html

From the non-dislocation of Euroland to the dislocation of the United Kingdom



And if I pray, it's certainly not for a monaie ...
0 x
"the goal of every life is to end" !.
dedeleco
Econologue expert
Econologue expert
posts: 9211
Registration: 16/01/10, 01:19
x 10




by dedeleco » 15/12/11, 23:46

The debts of the governments are of how much by European, by French, by Germans ??
How long will it take to repay when each year the deficit remains very high, the economy in recession, with the debt increasing instead of decreasing each year ??? an infinite time, it seems to you.
How long will one believe in the illusion of being able to repay a day in these conditions ??

Global systemic crisis: 30.000 billion USD of ghost assets will disappear by early 2013 /
The crisis enters the phase of generalized discount of Western debts


This sum, reported to 300 millions of Europeans, gives 100000 $ per European, and half if we include the USA.
That's more, than what every typical European 150000 has to 200000 € per family for these ghosts (3 to 4 times 50000 €).

So with the Germans, the French like them, not wanting to pay for the others, the risk of going to pieces, as many are talking about more and more, just to remove these ghosts.
0 x
User avatar
Remundo
Moderator
Moderator
posts: 15992
Registration: 15/10/07, 16:05
Location: Clermont Ferrand
x 5188




by Remundo » 16/12/11, 10:17

0 x
Image
dedeleco
Econologue expert
Econologue expert
posts: 9211
Registration: 16/01/10, 01:19
x 10




by dedeleco » 16/12/11, 12:20

To review the 5 you have to go through Russia ::

there is pluzz and TVO to record.

The degradation is sure, because the 2012 deficit with 180 borrowed billion euros per year, 3000 € by French is huge!

So this will be multiplied in the ratio of future interest rates on current, ie 250 to 350 billion to borrow, and therefore impossible ..

It will be necessary to reduce the expenses of these enormous hundreds of billions of €, public under paid, reduced in number, all mortifère, salaries with the Chinese, etc ...

We are stuck with more austerity, fewer re-entries, and therefore even less opportunity to pay back.

The structure of the command GB even good, could hide also a brutal catastrophe of the GB, not seen by SP, as in 2008 !!

Some dead croquettes, start to make their butter on it:
http://quotidienne-agora.fr/landings/qm ... tAodInmvTQ
google advertising on econology !!!
0 x
Christophe
Moderator
Moderator
posts: 79117
Registration: 10/02/03, 14:06
Location: Greenhouse planet
x 10972




by Christophe » 17/12/11, 08:57

Remundo wrote:François LENGLET on C'à Dire: "" If France were downgraded by 2 notches, which has been suggested, that would be a real shock. "

François LENGLET is an economist journalist,
Managing Editor of BFM Business.


Belgium has just been from 2 notches, https://www.econologie.com/forums/post219409.html#219409

... Which can constitute a "test bed" for France ... if the financial fascists give us time to analyze:
0 x
User avatar
Remundo
Moderator
Moderator
posts: 15992
Registration: 15/10/07, 16:05
Location: Clermont Ferrand
x 5188




by Remundo » 17/12/11, 09:06

and where is Monsieur "escaped"? : Mrgreen:
0 x
Image

 


  • Similar topics
    Replies
    views
    Last message

Back to "Economy and finance, sustainability, growth, GDP, ecological tax systems"

Who is online ?

Users browsing this forum : No registered users and 171 guests