Eurozone crisis: We're all dooomed! Here's why

UKIP?

Hardly an unbiased commentator.

Inflation is the greatest danger

Inflation is never good unless you are a spendthrift individual or government. The Germans are right : let the spendthrifts go to hell in a handcart.

Look.

I'm a business. I supply stuff on credit and I expect to be paid back in due course. I have a Credit Control team so that I don't lend money to people who clearly are unable to pay me. Mostly it works. Occasionally it hiccups, and usually I survive (the Credit Control folk may have to be extra nice to me for a while). But on the whole, mostly it works. If it goes wrong in a big way, my company goes bust. I know this because it's been that way for decades.

Now change the picture ever so slightly.

I'm a bankster. I supply money on credit and I expect to be paid back in due course. I don't have a Credit Control team, I use ratings agencies. Mostly it works. Occasionally it hiccups, and usually I survive. But on the whole, mostly it works. If it goes wrong in a big way, the taxpayer will bail me out. I know this because it's been happening with different sets of banks every few months for the last few years, and very few people seem to realise what's going on.

See any problem with that?

[The more detailed pictures goes into Credit Default Swaps and other such tools of the "masters of the universe" in a lightly regulated world. But that'll be tl;dr.]

Austerity for the 99%.

Megabonuses for the 1%.

@ Fred Bloggs

Hit it right on the nail

Germany won't print money.

The Euro's problem has always been that it tried to mix together a group of countries that believed that inflation and printing money was the obvious answer (if you are in debt and can keep your income inline with inflation it pays off your debt - that's how the pension generation in this country paid for their houses). Then there is a group of countries, primarily Germany, that doesn't believe in printing money and inflation.

Who's right?

Who knows - probably both of them.

But you sure as hell can't mix them.

The best solution is for Germany to leave the Euro along with anyone else who wants to follow them. The rest can then change the rules and print money to their hearts content.

In the mean time, we still stuffed, because there is no way we are ever going to pay for the pensions we've promised each other. If you're not already drawing your pension you can look forward to a bleak future.

I like how we can dismiss economic points on the basis of the author's political affiliation.

There is a solution

Eurozone countries must become federalised and subject to a central federal government, enforcing the policies of a central federal treasury and the ECB.

This is the US Civil War moment for Europe - no more procrastination is possible.

Don't want austerity? - woosh, paratroops land on the Government building, PM "voluntarily" resigns, Parliament suspended, no questions allowed.

Can't decide when to resign? - a descendant of Otto Scorzeny will gladly escort Musso... Berlusconi to Berlin, for extensive "debriefing".

There will be blood...

Oh, I'm so glad the UK has managed to dodge the Euro!

A UKIP column on the Europe on theregister? Really? What next, the BNP on immigration policy?

Spain was not a problem, but that is not relevant

Almost convinced me, until I realized how all this works and why those explanations are absurd. What started to make me wary was the statement about Spain. Spain was never a problem of public, but private debt. All these talks about Spain defaulting were completely baseless, but that was, and is not relevant, because what mattered was, and is, to instill fear, uncertainity and doubt.

Because what is relevant is why all this is a non existent "problem" . This "problem" is created by the need of having bigger profits than the previous quarter, or year, having spent the previous profits in big bonuses, more risky loans to entities whose ability to pay is doubtful and who knows what else.

Everybody forgets that, in absence of a money printing machine, this is a closed system. A zero sum game. Whenever someone profits, someone else is losing. So when they have sucked all the possible profits, current and future, from a market, the market collapses because there is no one to profit from. Easy solution, we demand for "rescue" packages whose only purpose is to make someone else richer by giving them a few more percentage points of interest. And who is going to pay for those rescue packages? The taxpayer, of course.

This is a master plan: they have created a situation where they can only benefit from, extracting more and more wealth from the public.

They created the problem, only to profit from the solution. The only question that I want answered is this: who is profiting from all this?

Like a thief in the night

And that is not all, for there is more s**** to hit the fan, for your political representatives are avoiding making their positions publicly known on this little gem trying to get itself kicked into the mainstream by the back door ........ http://youtu.be/5CZr17HLH5U

Bring out the Madame Guillotine. She gonna be needed.

Everybody Pay Attention

Only two things is required to exist in order for somebody to make money. Delta. Thats a difference between two markets and the change in that difference.

There is always money to be made, if you understand that Delta. Thig biggest one of all is the collapse and replacement of world currencies. Anybody that thinks a magical solution will be found, are kidding themselves. The big investers want the change.

They don't know or care who is protesting, or what they are protesting for, they are just making adjustments for the market accounts