Prepare for a European default: Kyle Bass

[Grant]

How about the American's take responsibility for this global crisis in the first place and punish those very banks that drove the world of the cliff?

European banks suffered because they bought American junk and are now paying the consequences. Other banks didn't and are doing fine.

Caveat emptor!

What's happening to the EU was inevitable, just as the "Ëurosceptics" predicted and the demographics indicated, and all well before there were any American problems. And it will only worse. The smart ones have already left.

 

[Grant]

Waaaah. Especially from you. To hear you tell it for years and years, Europe should be golden, not at the brink of collapse. And there really shouldn't be doubt, as there certainly is, that the euro will survive the year.

But, if this bluster shows anything, it does show that you get we're far less dependent on you than you are on us.

Europeans have been dependent on the Americans for almost a century.

Surprisingly, to any unbiased observer, this only makes them feel superior, even to residents of those nations who contributed to the greatest holocaust in the history of the world.

 

[Mr. Invisible]

It seems the USA, UK, and Japan, are safe havens despite Very serious problems of their own IMO. All 3 being able print their way out... at least. And at least for now.

Wouldn't printing one's way out cause hyperinflation and thus the destruction of their economy?

 

[alexa]

even to residents of those nations who contributed to the greatest holocaust in the history of the world.

Puleese, do not show your ignorance so much. The worst genocides of the 20th Century

and prior to the 20th Century do not forget the almost complete annihilation of the American Indians.

However China wins this prize for the 20th Century and China is not in Europe.

Now back on topic.

 

[Grant]

Puleese, do not show your ignorance so much. The worst genocides of the 20th Century

and prior to the 20th Century do not forget the almost complete annihilation of the American Indians.

However China wins this prize for the 20th Century and China is not in Europe.

Now back on topic.

Communism, Nazism, and Fascism were created in Europe and caused well over 100 million deaths internationally. Even now the number of Europeans who still support Communism, or who harbor prejudices against Jews, is quite remarkable.

 

[Higgins86]

Europeans have been dependent on the Americans for almost a century.

Surprisingly, to any unbiased observer, this only makes them feel superior, even to residents of those nations who contributed to the greatest holocaust in the history of the world.

and yet it was Britain who stood alone fighting evil waiting for America to finally come to their senses...

 

[Grant]

and yet it was Britain who stood alone fighting evil waiting for America to finally come to their senses...

It seems many Americans foolishly believed that WWI was "The War To End All Wars", yet just a couple of decades later the Europeans were at it again. Following WWII the Americans realized that they would have to maintain bases over there indefinitely, at further great expense to the American taxpayer. If the Europeans were to ever get their act together the Americans, Canadians, Aussies, etc. would only have to go there to see the historical ruins.

Now the EU, yet another wacky European fantasy, is another failure though with fewer casualties - so far. Why the Europeans still trust big government, despite all its obvious historical failures, remains an unsolved mystery.

 

[Higgins86]

It seems many Americans foolishly believed that WWI was "The War To End All Wars", yet just a couple of decades later the Europeans were at it again. Following WWII the Americans realized that they would have to maintain bases over there indefinitely, at further great expense to the American taxpayer. If the Europeans were to ever get their act together the Americans, Canadians, Aussies, etc. would only have to go there to see the historical ruins.

Now the EU, yet another wacky European fantasy, is another failure though with fewer casualties - so far. Why the Europeans still trust big government, despite all its obvious historical failures, remains an unsolved mystery.

Aussies and Canadians were part of the British empire so they had to fight and as for the American bases in Europe they had them for the same reason the UK did which was in case the Russians decided to invade western Europe. Americans benefit a lot from the bases they have in Europe so dont be so naive to think that they have the bases to protect Europe...

 

[alexa]

Communism, Nazism, and Fascism were created in Europe and caused well over 100 million deaths internationally. Even now the number of Europeans who still support Communism, or who harbor prejudices against Jews, is quite remarkable.

Well there you go, blaming the Europeans for the deaths created by China. As far as the actions of the German's and the estimated 12 million deaths of Jews and other minorities, Roma, Jehovah Witnesses, Gays, political opposition such as communists and so on, that clearly was taken very seriously. People commit genocide on those who they manage to think are sub human.

Europe has worked since then to accept differences and to work against prejudices and to offer to all the same human rights. Nowhere on this forum has an understanding of the thinking which can give rise to such gross behaviour been shown with more consistency than by German Guy. That was the intention, that people understand the thinking which leads to this behaviour. Yes you are right there are people now who wish to discriminate against some of our citizens, the Roma are having problems in some countries, there are people now who think some religions are inferior and who want to curb their rights, there are even people now who want to take away human rights of gays and of women. There are people who want to drag us back to what they see as a golden age and that golden age created the horrors of WW2. Sometimes they call it Tradition. Unfortunately if almost any part of the world looks back on it's tradition, they will find a genocide lurking there.

Some of us learned. That was the demand of WW2. Never forget. Never allow this way of thinking to come again and yet I see it frequently coming back. I see it building again in all it's maliciousness, the same sickening thinking of 'our people' and the 'not us' and 'our superiority' and their inferiority. Our way of life which needs to be protected from the other, from the Muslim, from the gay, from women, from those who are not Christian. It doesn't matter how it is dressed, it is that same thinking which heads the way which we said 'Never Again'.

The lesson of WW2 was not to do it again. To learn how we act in a debase manner when we do not allow all human beings the same rights and dignity.

If German Guy is an example of Germany, then Germany has surely learnt the lesson. Maybe not all but he certainly is consistently aware of the psychology which creates these outrages. Others are clearly not. It is others, many if not most, from outside Europe who have not.

Unfortunately I suspect we would search far and wide for a people who had never committed a genocide. The point was to make sure it did not happen again and I would look home first to research that.

Now if you want to start a thread on genocide feel free but this is not what this thread is about.

This one is about the current economic position.

 

[Grant]

Well there you go, blaming the Europeans for the deaths created by China.

Where did i say that? There are just too many Europeans who need a remedial reading course.

This one is about the current economic position.

Well here ya go.

FALSE FRONTS, AT HOME AND ABROAD :: SteynOnline

 

[Grant]

Aussies and Canadians were part of the British empire so they had to fight

Had to fight? Why? Would you have arrested us if we didn't? But in any case the Britain of that time might have been worth fighting for, but not now.

and as for the American bases in Europe they had them for the same reason the UK did which was in case the Russians decided to invade western Europe.

Right, and they were also there to protect you from each again rather than lose more people in another European war, all at the American taxpayers expense. They have spent too much money and lives in Europe and all they get in return is anti Americanism. Who needs it?

And what could Britain possibly do to protect Europe from the Russians?

Americans benefit a lot from the bases they have in Europe so dont be so naive to think that they have the bases to protect Europe...

And what is that benefit?

 

[Wessexman]

As the Europeans are not one country it is pretty silly to talk about us fighting among ourselves. The only difference between Britain and America in this regard is America is further away from the continent; neither of them are to blame because of the frequent wars on the continent.

The Yanks and other colonials, being of European culture as well, are culturally as much to blame for the horrors of the likes of Communism and Nazism as any one else.

 

[mbig]

Wouldn't printing one's way out cause hyperinflation and thus the destruction of their economy?

Yes it would.
But for the moment, it gives the 'assurance' that debt payments will be made.. as opposed to the fact that, ie, Greece/Spain/etc can't print Euros.

As to the usual PeteEU Xenophobic America Bashing.. it's not at all clear who owns most of the CDS'.. probably European Banks do.
Nor is where the 'recession started' crucial to who's going down.
Europe's problems started with Irresponsible Social spending funded by Loans they couldn't afford to pay back in any case.
(& not sticking to EU guidelines/and/or Lying about them)
One will note [responsible] Canada and it's Banks, who are far More dependent on America's economy and quakes, is in relatively Fine shape.
So, No, one can't blame the problems of Greece or Spain (or the French/German/etc Banks that own their debt) on the USA. .. except Pete that is.
Pete, your posts, as always or so Xenophobic as to Preclude your sober participation in Any string in which the USA is being discussed, or as here, where you can even Drag the USA in. (!)
It's always been a board hazard/joke.

and let's please keep this string/ Get this string Back ON TOPIC. NOT biggest Genocides, Communism, Nazism, etc or whose carrying who... most of the rest of the last dozen posts.
I will do my utmost to see that it does stay on topic.
The topic is EU default and directly related.

 

[Grant]

Wessexman;1060093480]As the Europeans are not one country it is pretty silly to talk about us fighting among ourselves. The only difference between Britain and America in this regard is America is further away from the continent; neither of them are to blame because of the frequent wars on the continent.

Nonetheless, the Europeans have been fighting among themselves for centuries. That's pretty much common knowledge.

The Yanks and other colonials, being of European culture as well, are culturally as much to blame for the horrors of the likes of Communism and Nazism as any one else.

The Yanks are responsible for Nazism and Communism? I suppose that's the obvious next step in anti Americanism.

That's also the first time Ive heard Nazism or Communism described as a cultural problem.

 

[Higgins86]

Had to fight? Why? Would you have arrested us if we didn't? But in any case the Britain of that time might have been worth fighting for, but not now.



Right, and they were also there to protect you from each again rather than lose more people in another European war, all at the American taxpayers expense. They have spent too much money and lives in Europe and all they get in return is anti Americanism. Who needs it?

And what could Britain possibly do to protect Europe from the Russians?


And what is that benefit?

the benefit is tactical advantage! The same reason why the Americans pump funding into British cypriot bases so they can gather any intel we obtain and use our air strips.. Having bases in Germany is of importance to America because they act as a starting point to most middle east campaigns.

And yes you had to fight because our king was your king and you were and are part of the commonwealth.

 

[Wessexman]

Nonetheless, the Europeans have been fighting among themselves for centuries. That's pretty much common knowledge.

Actually humans have been fighting themselves for centuries, and longer. Europe is a particularly populace, fertile and prosperous continent. It is not the surprising it has seen a lot of wars. But this proves little against contemporary England.

The Yanks are responsible for Nazism and Communism? I suppose that's the obvious next step in anti Americanism.

If you are going to blame Europeans for having an intellectual climate that produced these ideologies, then it is correct to say the rest of European civilisation shares this climate.

That's also the first time Ive heard Nazism or Communism described as a cultural problem.

I meant in the sense of intellectual culture.

 

[Grant]

the benefit is tactical advantage!

So it's a tactical advantage, huh? Against whom?

The same reason why the Americans pump funding into British cypriot bases so they can gather any intel we obtain and use our air strips.. Having bases in Germany is of importance to America because they act as a starting point to most middle east campaigns.

And what's to prevent the Europeans from doing that?

And yes you had to fight because our king was your king and you were and are part of the commonwealth.

Canadians had to fight because the king told us to? Okay.

 

[Harry Guerrilla]

Moderator's Warning:

Topic is European default, not WW2 or anything else, discuss that please.

 

[Grant]

Actually humans have been fighting themselves for centuries, and longer.

Yes, so I've heard

Europe is a particularly populace, fertile and prosperous continent. It is not the surprising it has seen a lot of wars. But this proves little against contemporary England.

There were and are people being killed by enemies in contemporary England. As a consequence the English have become among the most spied upon people in the world.

If you are going to blame Europeans for having an intellectual climate that produced these ideologies, then it is correct to say the rest of European civilisation shares this climate.

Ideologies such as Nazism, Communism and Fascism were a result of Europe's intellectual climate? I quite agree.

I meant in the sense of intellectual culture.

Yes, and while Europe's intellectual culture were forging great ideas such as Nazism and the EU, anti Americanism also flourished, eventually finding its way down to the great unwashed. Anti Americanism has now made intellectuals of all Europeans, or so they believe anyway.

 

[Grant]

Moderator's Warning:

Topic is European default, not WW2 or anything else, discuss that please.

FALSE FRONTS, AT HOME AND ABROAD :: SteynOnline

 

[Harry Guerrilla]

FALSE FRONTS, AT HOME AND ABROAD :: SteynOnline

Moderator's Warning:

Don't chat with the mod box, this will be a final warning.

 

[Peter Grimm]

The only people who deserve blame for Nazism are the Nazis.

One would think that educated people would understand this. One simply can't blame the entirety of Germany for the acts of some.

We need to learn to paint with a fine brush rather than a large one, and stop the childish finger-pointing.

As the Europeans are not one country it is pretty silly to talk about us fighting among ourselves. The only difference between Britain and America in this regard is America is further away from the continent; neither of them are to blame because of the frequent wars on the continent.

The Yanks and other colonials, being of European culture as well, are culturally as much to blame for the horrors of the likes of Communism and Nazism as any one else.

 

[Wessexman]

You are correct Peter, it was simply that Grant was randomly blaming all Europe for them. I pointed out that his own Canada, the US and the rest of the old dominions are equally of European intellectual culture. I don't actually blame anyone but the Nazis and a few others who allowed them to come to power, though even with the latter, such as Hindenburg, you have to understand the contexts properly before you blame them.

 

[Real Korimyr #9]

Moderator's Warning:

That's two thread bans. Who wants to make it a hat trick?

 

[Infinite Chaos]

-- I will do my utmost to see that it does stay on topic.
The topic is EU default and directly related.

Thanks.

Personally, I think a wholesale EU default is unlikely however I have read that the euro is in greatest trouble if Italy defaults.
What I think is most likely is that under Mekhel and Sarkozy's rescue plan, a more unified Europe will start to emerge where really important financial sovereign powers become ceded to a single body, possibly the EU Parliament but more likely to the ECB and this will have really important ramifications as it will set financial policy but no electorate will ever be allowed to vote on it or on who runs the ECB.

If this unified body starts to take serious shape this year then I can see financial markets showing confidence as it will be run on post-war German financial thinking and standards. It will probably take the widely predicted recession in Europe to force several governments to give way and give up powers.