Europe is done. Europe's AAA club put on credit downgrade watch (Germany too)

Originally posted by Shenon
reply to post by Vitchilo

 

BOOOM,BOOOOOOM... MUHAHAHA

Sorry,had to let that out.

I was expecting that this will come sooner or later. There is no way Germany (and other AAA Nations to a lesser extend) would have remained AAA with the Task of bailing out Europe on its own.

Lets hope those aren´t just empty Words (i´m still waiting for the French Downgrade,which should have been done already) so this whole Europe BS can end once and for all before it gets even worse.

Lets all hope that the December 9. Summit fails so we can finally say "Goodvye Euro"

That you would welcome with open arms the years of suffering that this will cause to hundreds of millions of people, including yourself is actually really disturbing. If there is to be any end of the Euro, it has to be a structured, well thought out action much like the introduction was.

Update 2 :
Here Comes The S&P Downgrade Barrage - Full Statement, In Which S&P Says France May Get Two Notch Downgrade

We expect to conclude our review of eurozone sovereign ratings as soon as possible following the EU summit scheduled for Dec. 8 and 9, 2011. Depending on the score changes, if any, that our rating committees agree are appropriate for each sovereign, we believe that ratings could be lowered by up to one notch for Austria, Belgium, Finland, Germany, Netherlands, and Luxembourg, and by up to two notches for the other governments. [THIS MEANS FRANCE]

Neat.

reply to post by Twiptwop


I think all the entire world has been suffering since the global elites runs the markets, the system is crafted to benefit one sector and that is the ones in charge, for the rest of us is not win side in the system we are nothing but the slave to be exploited and profited from.

Originally posted by boymonkey74
Why do I get the feeling that some people on here want it all to fail? Don't you realise it will effect the whole world and not just europe?

You see.... most people act like newbie soldiers who have never been to battle or experienced real suffering. These soldier will eagerly volunteer to go to battle the first time. The second time you must order them into battle, because they now know what real war and suffering feels like.

The unknown is a rush to some, because they think bad things only happens to others and not them selves.

This, the same ratings agency giving a tripple A rating to junk subprime mortgages. At what point in time did these rating agencies regain their credibility?

Originally posted by woodwardjnr
This, the same ratings agency giving a tripple A rating to junk subprime mortgages. At what point in time did these rating agencies regain their credibility?

When they call the trash for what it is. But really, if they were honest, they would downgrade France and the like for way more than one notch. They would downgrade the US and Japan again and again.

Credit rating agencies are a joke more often than not... but right now they are at least giving us a little of the truth.

reply to post by boymonkey74


You feel correctly. Let it burn!

reply to post by eldard

At least give us a reason why you want it to burn....

reply to post by Twiptwop


What you don´t seem to understand,is that the current Monetary System,including the Worlds Economic and Financial Systems,is going to fail one way or another.

This System is build on the Assumption that you can have infinite Growth (which needs a growing Money Supply,therefore more and more Debt) in a finite World.


If this System is beeing reset in a controlled Way (which you like to see),than the same People who control it now,will have even more Power after they centralizied (sp?) the Control over other Nations,in Brussels for example.


That why i want a Crash. Yes,many People will suffer,me included,but if we can raise from the Ashes of the old and build something new,something better,than it will be worth it.

I still got 60 to 70 Years left in me,and i don´t want to grow old in a System which enslaves the Majority of the Worlds Population to the Benefit of a few Power hungry Psychopaths.

I don´t want to grow old in a World where the Trading of Imaginary Goods is worth more than the poverty this brings to People who are already suffering,just to make a little more Profit.

I don´t want to grow old in a World where the Profits of a Corporations is worth more than the destruction and poisoning of our Planet we live on.,just to make more Money.

I know some People will get mad over this,but any Religion based on the belief of some God or another,should be abolished. It brings nothing but War and suffering. Noone can deny that.


I gladly suffer 10 or so Years,if it means that i can get old in a World where we are free,where everyone is equal,no matter from where we came from. A World where we aren´t destroying our own Planet just to make a Profit.

And despite what many think,Humanity never has grown up. We are still Slaves,only the Master has changed. And this Time,its our own Creation.



Sorry for the Rant,but i´m someone who isn´t just looking at the here and now. I look to the Future,and the way we are now,i don´t like what i see.

reply to post by woodwardjnr


Who gives a $hit about credibility? If a top agency rates anything, investors will respond accordingly, thinking that other investors will do the same. That's the essence of the markets. Which is herding.

reply to post by boymonkey74


Schadenfreude?

reply to post by Shenon


You are not ranting, you know by now that many people have no clue what is behind the crisis in the EU and the take over of nations sovereignty, The Euro is not new is been around already long enough to show that the EU is a failed experiment, that when countries gave away their currency they lost the ability to prosper for the people, actually countries are now in more debt that they were before the EU took hold.

But then again, no many people take history lesson seriously, most people just live the present and forget that is a future.

reply to post by marg6043


You´re right,and thank you.

There is something else i forget to mention: We need to suffer,many People will die if everything comes crashing down.

But if Humanity doesn´t suffer the Consequences of a crashing System,then we are doomed to repeat the same Mistakes again and again. Reseting it in the safest and softest way to avoid any Pain,will not work. We won´t learn anything this way.

Its like beeing a Kid growing up. If a Kid is injured by playing with Fire,it learns that its dangerous and won´t do it again. Growing up means making Mistakes and learning from them.

Growing up isn´t easy,neither is it painless.

reply to post by Shenon


Although I agree it would be fantastic to see some sort of utopia blossom out of the ashes of this economic apocalypse, I fear the power rats will be one step ahead of any meltdown and will most likely go into hiding until the dust settles.

Make no mistake if the world economy collapses a brutal thunderdome/mad max style dystopian world awaits all of us, all of us EXCEPT!! The power rats.

FYI the rich and powerful will be found hiding in Brazil should the markets fail

Stuff em all i say.

Let it crash and burn around them.

And who gave these ratings agencies this power? whats their claim to fame.

Yes we,ll suffer, but hey, were suffering now.

Time for a reset.

reply to post by Shenon


We dont really have to suffer. This whole system is built on nothing but a fictional system that need our trust to have a function. That is why we can print money out of nothing and acquire astronomical debt.

The big problem is that we dont have the imagination to think of a better system to share resources than the one we have.

If we want. We can agree to zero all debt. All that is needed is that we dont fight over who owns who after.

We have let fictional money and ridicules private consumption run our lives. Our own ridicules demand to be able to buy junk is just as pathetic as our government spending is.

We are not victims we are participants up to our ears. This system wouldn't work without us contributing our share.

Its like this. Why blame the president for all the things we do for him.

You people really are stupid, are ya?...

That you don't realise that whatever development happens in the financial sector is exactly meant to be by them.

You think this is going to go in your favour?

Why do you think this is a good development when you don't even know what's really going on...

Wether the euro fails or stays it's not good for you. Whatever the news it's never good for you guys.

So don't get happy, because whatever the news it will be done in purpose and will be part of a bigger plan that goes AGAINST you and in FAVOUR of them.

Poor ignorant fools you are.

Realise that it will always be you who go crashing down and burn. NEVER them.

Originally posted by Pseudonaut
Enough with the sensationalist headlines. In what world do you live that a one notch downgrade rating equals "done."

A downgrade is a bad thing -- there's no debate there. But, OP, when alarmists like you exaggerate things to nuclear levels such as this, you're become as much of the problem as the bankers who got us into this mess in the first place.

Really? You're going to compare a bad headline to guys who hedged bets with tax payer money? Who threw people out of their homes? Who financially sunk NATIONS and then went to WAR WITH THEM? Who funded a government agency so that they had the ability to strip search, beat, and detain us???? Or even worse, hunt us down and throw us in prison by our own MILITARY??? I think maybe you woke up on the wrong side of the bed and decided that someone had to pay. Well, funnel that testosterone into something worthy instead of an attack against someone who made it easy for you gain information.

Attacks like yours are JUST as bad as the financial mess that the bankers got us in...WHY??? Because you're doing it to your own people WILLINGLY.

Anytime you choose, you can create your own threads and make the headlines as boring as you'd like. But, don't count on having anything that actually brings people to read it.

reply to post by Shenon


We humans were mean to be resilient, but a system of control has made humanity become confuse about its own abilities to prosper after chaos.

It is a reason why we are still around as a species is because we are crafty and innovative.

I say a big crash will just shake the big fat cats in power, the regular hard working Joe will keep doing business as usual and will always find a way to get buy.

Originally posted by Destiny777

Originally posted by Pseudonaut
Enough with the sensationalist headlines. In what world do you live that a one notch downgrade rating equals "done."

A downgrade is a bad thing -- there's no debate there. But, OP, when alarmists like you exaggerate things to nuclear levels such as this, you're become as much of the problem as the bankers who got us into this mess in the first place.

Really? You're going to compare a bad headline to guys who hedged bets with tax payer money? Who threw people out of their homes? Who financially sunk NATIONS and then went to WAR WITH THEM? Who funded a government agency so that they had the ability to strip search, beat, and detain us???? Or even worse, hunt us down and throw us in prison by our own MILITARY??? I think maybe you woke up on the wrong side of the bed and decided that someone had to pay. Well, funnel that testosterone into something worthy instead of an attack against someone who made it easy for you gain information.

Attacks like yours are JUST as bad as the financial mess that the bankers got us in...WHY??? Because you're doing it to your own people WILLINGLY.

Anytime you choose, you can create your own threads and make the headlines as boring as you'd like. But, don't count on having anything that actually brings people to read it.

edit on 5-12-2011 by Destiny777 because: to add

And you think that now you are just suddenly going to be saved and the boogeyman that has infected and controlled this host for at least more than a century has never seen this crisis coming.

Well guess what. All that happens has never been out of their control. All that has happened has been exactly what they wanted and this is no different.

And for you to think that you are gonna be saved... Meh... Mehh...