WTF Are We Doing Bailing Out The EU????

Discussion in 'Politics' started by mudwhistle, Dec 2, 2010.

  1. mudwhistle
    Offline

    mudwhistle Diamond Member

    Joined:
    Jul 21, 2009
    Messages:
    65,282
    Thanks Received:
    11,929
    Trophy Points:
    2,070
    Location:
    Wetwang With Fimber, Yorkshire
    Ratings:
    +26,221
    [​IMG]

    I knew this was going on but finally somebody is reporting it. We've been sending billions of borrowed dollars to the European Union to help bail them out during the banking crisis.

    So let me get this straight; We borrow billions of dollars from China and Japan....we're paying millions a day in interest on that borrowed money....yet we're turning around and lending it to the European Union??? To date it looks like over $3 trillion dollars made it's way to Europe. What is our deficit? Somewhere around $3 trillion or more?

    In what world does that make sense????

    One would think we would lend it to them at a higher interest but do you think we're smart enough to do that???

    LINK
     
    • Thank You! Thank You! x 1
  2. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    The FED was making the swindled European banks whole again.

    Of course not all banks were made whole, were they?

    No, only the banks of the insiders were made whole.

    Smaller banks went down.

    And the continued accumulating of all the world's wealth into the hands of a very select group of INSIDER banks continues.

    And the people of the USA and the rest of the world continue to be BAMBUZZLED by the Banksters and the governments which they OWN lock stock and barrel,

    Wake up folks.

    You Republican and Democratic leaders are killing your country and your children's future.
     
    • Thank You! Thank You! x 1
  3. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    We aren't 'bailing out the EU', we were ensuring that mutlinational banks didn't collapse and take down millions of Americans along with them. Not a palatable solution but probably better for Main Street than allowing these massive institutions to collapse and destroy the western world's economy completely.
     
  4. georgephillip
    Offline

    georgephillip Gold Member Supporting Member

    Joined:
    Dec 27, 2009
    Messages:
    26,428
    Thanks Received:
    1,265
    Trophy Points:
    215
    Location:
    Los Angeles, California
    Ratings:
    +2,039
    And it's only the scale of the swindle that's changed in America's "post industrial" economy. Noam Chomsky's take on the Marshall Plan is instructive:

    "... After World War II, there was massive flow of capital from Europe to the United States.

    "Co-operative controls could have kept the funds at home for post-war reconstruction, but US policy makers preferred to have wealthy Europeans send their capital to New York banks, with the costs of reconstruction transferred to U.S. taxpayers.

    "The device was called 'the Marshall Plan,' which approximately covered the 'mass movements of nervous flight capital' that leading economists had predicted, and that took place."

    It's probably also instructive to remember how wealthy Europeans retained their money during WWII and who they collaborated with.

    Power in the Global...
     
  5. JWBooth
    Offline

    JWBooth Gold Member

    Joined:
    Jul 15, 2009
    Messages:
    6,799
    Thanks Received:
    1,555
    Trophy Points:
    200
    Location:
    Fredonia Republic
    Ratings:
    +1,957

    Oh, well, then never mind, it wasn't a completely stupid undermining of our descendants futures to keep a few well connected insiders in their Maybachs and Glashütte watches. Whats a little debt among friends?


     
  6. 8537
    Offline

    8537 Senior Member

    Joined:
    Aug 23, 2010
    Messages:
    7,754
    Thanks Received:
    729
    Trophy Points:
    48
    Location:
    New England's West Coast
    Ratings:
    +729
    We didn't bail out the EU. We capitalized banks doing significant business in the US. The location of their home office isn't relevant.
     
  7. mudwhistle
    Offline

    mudwhistle Diamond Member

    Joined:
    Jul 21, 2009
    Messages:
    65,282
    Thanks Received:
    11,929
    Trophy Points:
    2,070
    Location:
    Wetwang With Fimber, Yorkshire
    Ratings:
    +26,221
    This is a big deal. Obama has been practically giving away our money to prop up wasteful socialist governments around the world putting us into debt. He was gonna finance this on the backs of the American taxpayer. This is why he's been talking about spreading the wealth....not that he's trying to help the poor. Trillions of dollars that are most likely gonna end up going down a rat-hole are gone and we've got to pay billions in interest to our enemies Russia and China. Not very smart. We're in big trouble thanks to Obama. It wouldn't take much for the money to disappear and nobody will bail us out when it does. Russia and China have already announced that the money spigot has been closed.

    Democrats have no instinct for self-preservation. Our National Security has been compromised on every front when it comes to military strength, economics, and energy. We are weak and the rest of the world knows it....and you can bet our enemies know it as well.
     
    Last edited: Dec 3, 2010
  8. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    We're not bailing out the EU.

    We're bailing rich people who happened to be EU banksters.

    The people of the EU, much like we Americans, are being systematically raped by this class of criminals.
     
  9. Two Thumbs
    Offline

    Two Thumbs Platinum Member

    Joined:
    Sep 27, 2010
    Messages:
    33,450
    Thanks Received:
    5,786
    Trophy Points:
    1,140
    Location:
    Where ever I go, there I am.
    Ratings:
    +11,589
    wanna know the debt? $3Trillion is comically low.

    Try $54.7 Trillion in total debt

    U.S. National Debt Clock : Real Time

    Why are we giving the EU money?

    pfft, that's easy

    When they go down the toilet, we go down with them and hopefully take the rest of the world with us. That will force so many people to rely on the government for the very basics that you can kiss freedom and democracy goodbye for generations.

    But we will all be equal finally, in misery. Except of course the power elites in government.

    Buy gold and silver? pfft Better buy seeds, dry goods, guns and lots of ammo
     
  10. georgephillip
    Offline

    georgephillip Gold Member Supporting Member

    Joined:
    Dec 27, 2009
    Messages:
    26,428
    Thanks Received:
    1,265
    Trophy Points:
    215
    Location:
    Los Angeles, California
    Ratings:
    +2,039
    WikiLeaks apparently has a "major US bank" in their sights:

    "In an October 2009 interview with Computerworld, Mr. Assange said that he had obtained copious amounts of data from a Bank of America executive’s hard drive.

    "From the Computerworld piece:

    “'At the moment, for example, we are sitting on 5GB from Bank of America, one of the executive’s hard drives,” he said.

    “'Now how do we present that? It’s a difficult problem.

    "'We could just dump it all into one giant Zip file, but we know for a fact that has limited impact. To have impact, it needs to be easy for people to dive in and search it and get something out of it.'”

    Those of us being victimized by the global rich should at least try putting aside our ideological blinders and myopic partisanship and pull out our collective crystal balls.

    What happens six months from now if B of A goes the same way as Enron?

    What if it's Goldman Sachs demise we're all blogging about next Memorial Day?

    About the only thing I'm sure of is... there won't be any significant difference between elected Republicans OR Democrats when it comes to class war crimes.
     

Share This Page