For general discussion and debate. Possible talking point: Is the next shoe to drop the disbanding of the European Union and the euro?
The European Union is learning a painful lesson: that its cosy consensus world of officialdom, diplomacy and contempt for voters, is not up to the mark when dealing with a full blown crisis. The last two weeks have shown that the EU is better off at puffing up fears about climate change, bird flu and other terrifying environmental perils than it is at dealing with a concrete problem that could lead to a full blown recession.
The G-7 meeting this weekend produced nothing. An EU meeting last week in Belgium also resulted in nothing concrete to solve the financial crisis. Maybe even worse, Germany didn't even show!
With European nations much more concerned about their own people and economies, can this Union survive? If the answer is no, how would the disbanding of this Union, as well as the recreation of individual currencies such as marks, lira, and francs -- assuming this were to occur -- impact a global economy already in turmoil?


















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Peter Schiff - The Man Who Saw it All - Fiscal Meltdown 2008
October 13, 2008 - 07:56 ET by PopularTechPeter Schiff, B.S. Finance and Accounting, President Euro Pacific Capital
Peter Schiff - CNN: Your Money - 'Government Caused the Problem' (1/2) (Video) (6min) (October 4, 2008)
Peter Schiff - CNN: Your Money - 'Government Caused the Problem' (2/2) (Video) (7min) (October 4, 2008)
Peter Schiff - CNN: Your World Today - 'We're Broke!' (Video) (4min) (September 28, 2008)
Peter Schiff Laughed at in 2006:
Peter Schiff - FOXNews: Bulls and Bears - 'U.S. Economy is not strong' (Video) (4min) (December 16, 2006)
Peter Schiff - CNBC: Kudlow and Company - 'Bad U.S. Recession coming soon' (Video) (8min) (August 28, 2006)
Peter Schiff - FOXNews: Your World - 'Financials are toxic' (Video) (10min) (August 18, 2006)
Dollar Collapse
The inevitable collapse of the dollar (Video) (7min)
Possibly yes.
October 12, 2008 - 10:01 ET by JWFYou cannot have disparate nations under one currency and an economic system.
You also cannot have a free economy under a socialist government. Hello, China.
Sincerely,
a Veteran of a 1000 psychic wars.
A camel is a horse designed by committee.
October 12, 2008 - 10:16 ET by superconConsensus is another word for a lack of leadership.Europe wants to be united and seperate at the same time.They are a contradiction unto themselves. They live in a world of capitalism but yearn for socialism.With no clear leadership how can anything be accomplished....?They are trying to create a central govt. for Europe but some countries only participate when it is convenient and have a veto over any new law making or programs.
They haven't yet really decided if they want to really be united or just a collection of countries that get along.
Victory in Iraq.
Liberals suck.
McCain for Preznint.
I don't see the EU
October 12, 2008 - 10:24 ET by MidAmericaI don't see the EU breaking up simply because the leadership is ineffectual. People with power don't give up power unless someone else takes it from them. Look at most of the major US cities where democrat machine politics have taken control and have essentially one party rule. No matter how bad conditions are for the people they 'serve' the 'leaders' never give up control or institute any real reforms that would lessen their influence.
Perhaps the G7 should meet at the UN Zero Building
October 12, 2008 - 10:24 ET by JayTeeWe are used to nothing coming out of the UN building, they should go there and meet.
I think stocks are going up next week, big time, as the worst crisis we have must be moving in slow motion, while stocks are moving at warp speed.
But if BHO would just Fart on Camera, the Gas stocks would suddenly gain strength with a MSM interpretation of a BHO endorsement.
The Republican Revolution will not be Televised
maybe it's my optimism speaking, but...
October 12, 2008 - 11:26 ET by Jnoble..I can't see the stock market continue to fall for the next three straight weeks. It's just not going to happen. We saw it start to come back late Friday. I think this last week was the bottom or very close to it and we'll see it stablize and by the days leading up to the election, at least a partial recovery. It won't be back to 12 or 13K but maybe at least back to 10,000 or in the high 9's. This panic just can't continue.
Off Topic
October 12, 2008 - 11:44 ET by richardI know we souldn't go off topic to vent, but I just read that McCain plans to go on the Letterman show this Thursday.
Does this guy seriously want to win the preidency or is he in it strictly for the notoriety? McCain has to be the worst candidate we could have choosen. He seems not to be able grasp the realities of what it takes to win an election. This BS of congeniality to Obama will get him no-where. If after 26 years in the senate hasn't given him insight on what it takes to gather a following, then he deserves the a** whopping he's going to get.
He won't loose and be known as a decent opponent that lost because of the economy, he'll be known as a FOOL that believed in the Maquis of Queensbury rules, rather than going for the jugular, as all his Democratic foes do, each and every time. This is not an age of curtsy and handkerchiefs in the shirt sleeve, John. This is smash mouth, in the trenches warfare.
I keep thinking of how my fellow conservatives cast aside a good and honest man, like Mitt Romney, who looked presidential, was very smart about economics and could give a good speech, without saying a hundred times, "my friends & I know how to do it." That repetition alone would be enough to make the average person run from McCain. But, Romney was a MORMAN, oh how evil! It wasn't that he was a Wicken or some other loony cultist. At least he believed in God and Jesus Christ, even if his doctrine was slightly different from the norm. I guess with that reasoning, Joe Lieberman should be shunned as well, because he is of course an awfull JEW! See how ridiculous that whole thing was.
Back to Letterman. McCain still thinks he can win over this viper with a wink and a bad joke. Everyone in the nation knows that Letterman hates McCain and everything he stands for and McCain will never get a fair shake on his show. John, you'll not get one vote from anyone because you appeared on his show, so why let him mock you and make a fool out of you. Oh wait, I know why, it's all about the notoriety, not the seriousness of a presidential election.
Think I'll go hit my thumb with a hammer now, so I have a good reason for crying.
The difference.
October 12, 2008 - 12:13 ET by JWFRepublicans are not afraid to go in to the heart of the storm.
Remember when Democrats would not and still (Hannity) will not go on teh evil Fox news?
Sincerely,
a Veteran of a 1000 psychic wars.
What part is Soros playing in the meltdown? CLUE: BIG
October 12, 2008 - 12:02 ET by Jack BauerI'm not a conspiracy theorist about most things. Most stuff is easily explained as shit happens; and people can be extremely dumb, and venal, and etc.
Except when it comes to GEORGE SOROS. That guy is a walking talking conspiracy.
Soros's name is starting to crop up about his hand in the fortuitous eco-collapase (fortuitous for Democrats, that is) that seem to be blowing Obama into the White House.
Check out this enlightening Accuracy In Media article, NOT APPEARING in the MSM any time soon...
AND FELLOW PEOPLE, NOTE THE DATE...
I wake up to this headline on Drudge..."Dems Plan on BHO win"
October 12, 2008 - 13:23 ET by bloolooI'm away from my PC for a day and this morning I wake up to discover that Madame Pelosi and her co-conspirators have already declared BHO the winner of the election! The nerve!!! This congress won't listen to the public when they crash the phone-lines in D.C. and say they want to "Dill, baby, drill", but, the POS SOH decides congress needs to be called into session to implement BHO's policies before he's even been elected. This is what the public needs to expect from congress if BHO is elected...a congress that will do WHATever they want to do with no consideration for the people. Be afraid people, be very afraid. First step, repealing the 1st amendment (or enacting the Fairness Doctrine) followed shortly by the 2nd amendment (actually I don't think they have the votes, but, you can be sure they're gonna try).
"I might be movin' to Montana soon..." - FZ
Only in America.
October 12, 2008 - 18:15 ET by pbthinkerOnly in America, could a political party with their hands all over a financial crisis like this, be looking to win an election and come back and start doing it all over again. It's amazing what you can accomplish, when the press is in your hip-pocket!
Democrats: Stuck on Stupid since 2000.
I should have wrapped my
October 12, 2008 - 13:55 ET by motherbeltI should have wrapped my head with duct tape before I read the article in my newspaper today....I knew it from the headline. But like an idiot with a delusion that he's indestructible, I forged ahead.
On the Review/Opinion front page: A nearly half-page photo of President Bush, and the headline?
He Sent Us to Disneyland
Subhead: And Now We're Paying the Bill
The reason why we are in this mess right now?
President Bush never asked the country to "sacrifice" after 9/11.
And so we spent ourselves silly.
It's not about Fannie and Freddie, it has nothing to do with mortgages, or giving mortgages and credit to people who shouldn't have had them. It's because President Bush encouraged us all to rack up too much credit card debt.
»→ German resurgence
October 12, 2008 - 17:40 ET by Cool ArrowTalk about a bold gamble.
Germany, insuring unlimited deposits, stands to attract wealth from throughout Europe.
Could they be giving Switzewrland a literal run for their money?
LYDSEXICS UNTIE!
Very good grasshopper Newsbusters
October 12, 2008 - 17:48 ET by Lame CherryNewsbusters I'm very proud of you stumbling onto this European Union and the Euro, but you don't quite have the right spin on the ball.
Here is your pitch though.
I was talking to a Serbian editor this past summer and we were discussing world war. He was coming at it from Brzezinski's arc of containment which he saw from the Hindus to Kosovo as a ring of fire in smaller wars and my point was these friction points will eventually erupt into the Eurasian World War which is destined to be.
What was of note in this are the Serbs are very astute as they are living in the eternal war zone of Europe. When the invasions come, when the big wars come, they always smash the Balkans.
The Serbs note things then like Russia buying up all the assets of the little nations to leverage them or annex them.
This editor also noted how the Greek's with the Germans were making a financial move in east Europe.
While most will not mix in Biblical Prophecy, I will and gladly do as it is always correct when one is blessed to note it when it fits instead of stretching things to fit what some book seller desires.
The Bible plainly states a rebirth of the Roman Empire will occur. The last one was in World War II. While the world watches Obama, my Serbian friends and myself have been watching central Europe.
One will notice in this that Germany has been very angry over "Anglo Economics". The Italians are upset also. To let the cat out of the bag, Germany is the money house along with the leverage of the Vatican funds with Italian currency based upon the superhouse of the Greeks who control world shipping and have a chunk of currency too.
This is what Newsbusters has stumbled into and is eluding to in your questions. As I eluded to in another post concerning Mr. Shepperd, the reality is the same backers of Obama attacking the United States want an end to the Union as the western powers want no part of it. They will indeed push a central European group which will arise quickly when it comes.
It will be immensely powerful in economics and military along with adherent weakness. I suspect that Pope Ben might not be around for it, but a new pope will be who will put the glue of this holy Roman Empire together again with one currency and purpose.
The central Europeans who can tank the US and world markets with their trillions in funds have been pushing for a conflagration in the Middle East to force America out and move themselves into place.
This will cause immense problems as America is the buffer or honest dealer there and without America 3 other empires will move in and in the meantime Egypt and Libya will flex their military authority in western Pan Arabia. AFTER the dust up coming, this will be the war which most likely starts the world war as these Europeans strike their Libyan antagonists, smash into Egypt and seize what they have been leveraging for in the Holy Land.
Do not ever forget these Rothschilds converts have bought up most of the the Israeli state, Soros is driving Jews out of the West Bank for his own plunder and they are causing a great deal of the problems in the Middle East as it is in their financial and policy interest.
Jerusalem is the prize in this and these people want it along with the known mineral resources and what I suspect as Soros is involved in oil under the West Bank.
This entire scenario is going to break exactly along the lines of World War II. The Europeans can't do a thing with France as no one can, so they need their own empire united to get what they want.
The problem as I have pointed out is the Russian Bolsheviks and Persians have their own plans and when a "peace" comes all of them are going to be rearming and without America there this will explode into a world war in Eurasia again.
This is why I have been working so hard for John McCain. With him and Gov. Palin America has a chance to stay out of this mess, but Obama is going to drive America into the biggest weapons of mass destruction wars in history killing billions.
Make no mistake about it in just as Patton's Uncle told him to stay in the military because a hell of a war was coming, the same forces are moving this forward without end now. These empires are known in history for being savage in wiping out entire groups of people.......it was not that long ago that Russians raped every infant to 90 year old woman in east Germany in their plunder. I personally know people who are the result of this bastardized race deliberately created by the Russian communists to Russianize them.
Mr. Obama's invocations will have America involved in this and America will be invaded. Alaska is the prize in oil for China and she will strike to get it in order to pin down the United States as Japan attempted in WW II to keep the US from assisting western Europe.
That is what the policies I have advocated are all about. I like President Bush have been fighting the coming war in an attempt to keep this nation from eating nuclear weapons.
There is though no European Union. There is a fiction of a euro currency which is not suiting purpose. As I noted Paul Volcker who is Obama's financial guru eluded to something he should not have on Charlie Rose in stating that the dollar was where people were going to and "we" want to keep them there, but they might just go into another currency. There is no other currency, but it will be create in this 3 member led central European empire.
I don't write the Bible, but God said that it would be 10 toes, so there will be 10 nations involved. It should break from Jutland to Greece with the western lost 10 tribes once again in confederation milling about led by the Ephraim English and the Reubenite French with the Danites of Denmark and the fine troops of Gad and Naphtali in Scandanavia.
The Ha Machir or Americans of Joseph being a reserve I'm trying to keep out of this.
The Serbians and every one of the Slavs know what is coming. They can feel it and unless America elects McCain and Palin so Conservatives who understand the purposes being worked out here can assist them in formulating better policy, this nation is going in naked and blind with Obama or his replacement in Hillary when they either remove him in December or impeach him later.
This order is one click from happening and America is just a few clicks from having Russia take all of our Middle East base assets driving us to Diego Garcia as an imploded secular Jewish state runs out the American Jews there.
This is going to get nasty quickly with a fool in charge or not. President Bush was blessed to have this delayed, but it is coming now.
America will rue the day they ever let Democrats get into the White House. That is a fact.
agtG 291
*HIC IACET ARTORIVS REX QVONDAM REXQVE FVTVRVS
How do you know that McCain's new "agressive" tone is working ?
October 12, 2008 - 18:21 ET by Free StinkerHow do you know that McCain's new "agressive" tone is working ?
When the MSM and others (as evidenced by links found at DrudgeReport) all speak in unison of the "hate" and "anger" that McCain/Palin are causing.
»→ Little John Lewis
October 12, 2008 - 18:27 ET by Cool ArrowWhen you see an Icon of the Civil Rights Movement sells his principles, you have to conclude he either had none, or believed the situation was dire.
Maybe the party spanked little John for being mentioned by McCAin as a man he respected.
LYDSEXICS UNTIE!
Free
October 12, 2008 - 18:31 ET by MrShyI've been meaning to ask peeps around here about these "angry crowds/people" at McCain's rallies, and if it was like one or two people and they're completely blowing it out of proportion....?? (that would amaze me, wouldn't it? :p)
But you're right, this is how the MSM is countering the agressiveness... find tiny things that they can use to frame it so it looks like our desire for the truth about his ugly associations is just "anger and racism".... unreal.
NOW PLAYING:
Governor Palin Get Your Gun
GUESS WHAT I FOUND ???!!!!
October 12, 2008 - 18:26 ET by MrShyI found this Sunday Night Chat Room !!
:)
NOW PLAYING:
Governor Palin Get Your Gun
Busted !!
October 12, 2008 - 18:27 ET by Free StinkerBut you're not logged in there . . . .
Noel
October 12, 2008 - 19:09 ET by MrShyHas joined us.... officially giving our Chat Room legitimacy. :)
NOW PLAYING:
Governor Palin Get Your Gun