I feel like now would be a good time to move to asia and live there for like 50 years and then perhaps come back if I feel like it.
Greece has like 350billion euros of debt and every euro country gona put out their money and get more debt. I even read that germanny was gona make their new money in secresy before leaving euro. Effing smart!
I wonder if all of money will become useless? does inflation hit hard when all banks go down or what?
It probly aint any better in US either. They got even mroe debt right?
I just feel like everything will start going SHIT very soon...like the banks will fall in the next year atleast. So what will happen then?
Do like me and invest all your money in WoW-gold. WoW gold will always keep it's value (unless an expansion is released). With the inflation, just sell your WoW-gold again whenever you need to buy something. Simple :)
We had default in Russia in 1998. Each 100$ of rubbles in our pockets just become like 16$. But it was nothing special, everything was alright. It wasn't so bad like it was in 1991, when ppl lost all their money. But even in 1991 it was ok. Most of ppl were poor and weren't able to buy anything except food, many lost their jobs and had to stay at streets and sell stuff. But it wasn't like in Fallout, when ppl just walk around and kill each other.
Crysises are actually good, because after them economy grows super fast. I even would like Europe to get bankrupted because it would turn Russia in crysis too, which will help us, because goverment needs to understand, that selling gas without producing goods is bad.
Zolden got close to hitting the nail on its head. People tend to just scream 'crisis' and then panic about 'losing their jobs'. Western society defines crisis as "a critical event or point of decision which, if not handled in an appropriate and timely manner (or if not handled at all), may turn into a disaster or catastrophe" (businessdictionary.com). In Chinese, the word 'crisis' is made up out of two symbols, one meaning 'danger' and the other meaning 'opportunity'. That simple fact is the most brilliant metaphor I could think of to make my point.
The world won't go into some post apocalyptic theme if countries go bankrupt. If any country is going bankrupt it would be USA. We're in the trillions though. Most of it is owed to China so if we go China loses a lot of money and owns the United States, sure some of it will go to some European countries. But really if one big country falls we all fall and suffer. It may seem like things will get bad but it'll come out eventually. The economy is set up that it fluctuates like that. Just we don't know how long it'll stay down or how long it'll stay up. Because of that people always freak out about the economy.
I'm in the US, and I'm certainly worried. But I doubt we're going to become a "apocalyptic wasteland". I do think we need to get rid of all these losers in the government and replace them with intelligent people that know what they're doing. We need to stop all this wasteful spending and Obamacare crap and start creating jobs. If we get an amazing president that truly knows what he's doing (from either party) we can come out of this.
Seems like every country is hurting now.
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You do realize it's not obama's fault that we're in this situation. Bush screwed basically everything to hell when he knew obama was going to win. The republicans have said it was their goal to make obama's term hell for him. So obama can't really do much to fix the US' economy when the controlling half are screwing him over. Also it's not a matter of intelligence since we all know what needs to be done. It's that they're money hungry, both parties, and it's screwing us over. Also corporations are basically taking over as republicans gain power. But another democrat will probably get voted for president because the republican vote will be split almost in half thanks to the tea party.
Also most of the world countries are set up that if one of the major economic countries are hurting most will feel it. I'm not sure which countries they are in Europe. Also Greece has been going bankrupt for a while haven't they? Also with a few of the big events going on around the world they kind of screwed up the economy as well. Japan's earthquake that destroyed a lot of stuff probably made their economy go all wonky. Egypt and their war probably was always wonky but it should be stabilizing. Whatever that other country that the madman just lost power, he threatened to burn the oil or something.
Its fact that Greece cheated to become an Euro member.
I can't understand how country with around 15 million (poor) people can cause whole Euro to crash. It just doesn't make any sense.
Personally I don't support any kind of "Hey, lets save banks by shit load of tax payers money to banks" politic. Banks are corporations like any others. Customers and banks need to understand the risks. It is Euro-socialism to save banks who have messed things up by tax money.
So, let Greece fall and let rubbish banks fall. It is only way to make some sense to this scenario. But very first whole EU need to decide to stop wasting money to "rescue operation" of Greece.
That chinese defination for "Crisis" is actually very brilliant :) (Mozared post)
"Danger and opportunity": wow..., ty for said nugget (honest, it is always good to learn).
Just sad really, i don't know if any of you have done any economics in your studying but i only wanted to state:
opportunity in disaster is people in huge cars (carelessly having fun) running over people walking (to their jobs)...
People are dying more and more from the capitalistic way of life (body or soul, one after the other).. and saying that you can get "yours" from people dying is just sad AND bad economics...
Why do you think rich people (and i do mean stinking rich) have started to offer to pay more taxes? They've only ever done it when they have had to...
If the "middle class" has no money = no more mass consumption of manufactured goods = general bankruptcy (across all countries)
And although it is only fair that develepping (as in eating other's alive) asian countries do unto others (and indeed themselves) what others have done before them.. (slave labor / general polluting / aggressive takeovers and dismantling of smaller/weaker industrial/traditional establishments etc..) .. they are just continuing the vicious cycle that will always spell the same few things:
-/ no investments from the rich (since there is no direct visible upside), never any long term investments (for their descendents for instance), those never dubbed "profitable"
-/ less and less people actually gaining money, while working more (therefore with no time to consume), this making the active population economically "sterile"
-/ capitalism is a game, in a game many have to lose for few to win... and in the end.. no one can play anymore, so the game itself disappears
ps: oo00OOO .. for people seeing this as business as usual, all peachy and nothing to worry about, someone else will make it all better:
of course you guys are fine.. just don't think of what you're going to leave your kid, or don't make any retirement plans...
sad state of the world..
ps2 (lol everytime i write that): letting other people die is not the solution.. and while your thinking of that, add a pinch of: "do not unto others what you would not like them to do unto you"
banks are not evil, people are evil, socialism is not evil (granted it's flawed), capitalism is flawed and unfair (and the worst thing to ever come out of human kind, well that and television)
I would be even more sorry I wasted my time completing a degree in European Studies which deals with everything about the EU from economy to law etc etc/
Banks do need to go bankrupt, or controlled by the governments. Governments give them money instead of giving that money to the population, and then bankers take a shitload of that money for themselves as crappy extra salaries. If we get something out of this crisis, it's banks have too much power and need to be controlled for good.
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I feel like now would be a good time to move to asia and live there for like 50 years and then perhaps come back if I feel like it.
Greece has like 350billion euros of debt and every euro country gona put out their money and get more debt. I even read that germanny was gona make their new money in secresy before leaving euro. Effing smart!
I wonder if all of money will become useless? does inflation hit hard when all banks go down or what?
It probly aint any better in US either. They got even mroe debt right?
I just feel like everything will start going SHIT very soon...like the banks will fall in the next year atleast. So what will happen then?
Do like me and invest all your money in WoW-gold. WoW gold will always keep it's value (unless an expansion is released). With the inflation, just sell your WoW-gold again whenever you need to buy something. Simple :)
Use failing economys to your advantage.
http://www.forex.com
If you got time to watch the markets this is an awesome way to make small or large amounts of mullah.
It won't fall, we'll get poorer, but it won't fall. Greece owes Germany too much money, so Germany depends on them to recover their money.
Imo, EU should force more stuff if Greek politicians are so retarded they can't fix their problems correctly.
@Lonami: Go
I would be almost willing to bet all of my money that it will fall! Just a matter of time.
Did you know greece was gona spend 10millions or something to TANKs and FIGHTER PLANES xD....
This would be hilarious if it wouldnt be so sad at same time :D
also finnish politicans made a deal that is "ONLY GOOD TO FINLAND", like a really bad deal that nobody else wanted...but they made it anyway.
We had default in Russia in 1998. Each 100$ of rubbles in our pockets just become like 16$. But it was nothing special, everything was alright. It wasn't so bad like it was in 1991, when ppl lost all their money. But even in 1991 it was ok. Most of ppl were poor and weren't able to buy anything except food, many lost their jobs and had to stay at streets and sell stuff. But it wasn't like in Fallout, when ppl just walk around and kill each other.
Crysises are actually good, because after them economy grows super fast. I even would like Europe to get bankrupted because it would turn Russia in crysis too, which will help us, because goverment needs to understand, that selling gas without producing goods is bad.
Zolden got close to hitting the nail on its head. People tend to just scream 'crisis' and then panic about 'losing their jobs'. Western society defines crisis as "a critical event or point of decision which, if not handled in an appropriate and timely manner (or if not handled at all), may turn into a disaster or catastrophe" (businessdictionary.com). In Chinese, the word 'crisis' is made up out of two symbols, one meaning 'danger' and the other meaning 'opportunity'. That simple fact is the most brilliant metaphor I could think of to make my point.
The world won't go into some post apocalyptic theme if countries go bankrupt. If any country is going bankrupt it would be USA. We're in the trillions though. Most of it is owed to China so if we go China loses a lot of money and owns the United States, sure some of it will go to some European countries. But really if one big country falls we all fall and suffer. It may seem like things will get bad but it'll come out eventually. The economy is set up that it fluctuates like that. Just we don't know how long it'll stay down or how long it'll stay up. Because of that people always freak out about the economy.
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Curse Premium@Keyeszx: Go
I'm in the US, and I'm certainly worried. But I doubt we're going to become a "apocalyptic wasteland". I do think we need to get rid of all these losers in the government and replace them with intelligent people that know what they're doing. We need to stop all this wasteful spending and Obamacare crap and start creating jobs. If we get an amazing president that truly knows what he's doing (from either party) we can come out of this.
Seems like every country is hurting now.
@zeldarules28: Go
You do realize it's not obama's fault that we're in this situation. Bush screwed basically everything to hell when he knew obama was going to win. The republicans have said it was their goal to make obama's term hell for him. So obama can't really do much to fix the US' economy when the controlling half are screwing him over. Also it's not a matter of intelligence since we all know what needs to be done. It's that they're money hungry, both parties, and it's screwing us over. Also corporations are basically taking over as republicans gain power. But another democrat will probably get voted for president because the republican vote will be split almost in half thanks to the tea party.
Also most of the world countries are set up that if one of the major economic countries are hurting most will feel it. I'm not sure which countries they are in Europe. Also Greece has been going bankrupt for a while haven't they? Also with a few of the big events going on around the world they kind of screwed up the economy as well. Japan's earthquake that destroyed a lot of stuff probably made their economy go all wonky. Egypt and their war probably was always wonky but it should be stabilizing. Whatever that other country that the madman just lost power, he threatened to burn the oil or something.
Its fact that Greece cheated to become an Euro member.
I can't understand how country with around 15 million (poor) people can cause whole Euro to crash. It just doesn't make any sense.
Personally I don't support any kind of "Hey, lets save banks by shit load of tax payers money to banks" politic. Banks are corporations like any others. Customers and banks need to understand the risks. It is Euro-socialism to save banks who have messed things up by tax money.
So, let Greece fall and let rubbish banks fall. It is only way to make some sense to this scenario. But very first whole EU need to decide to stop wasting money to "rescue operation" of Greece.
That chinese defination for "Crisis" is actually very brilliant :) (Mozared post)
"Danger and opportunity": wow..., ty for said nugget (honest, it is always good to learn).
Just sad really, i don't know if any of you have done any economics in your studying but i only wanted to state:
opportunity in disaster is people in huge cars (carelessly having fun) running over people walking (to their jobs)...
People are dying more and more from the capitalistic way of life (body or soul, one after the other).. and saying that you can get "yours" from people dying is just sad AND bad economics...
Why do you think rich people (and i do mean stinking rich) have started to offer to pay more taxes? They've only ever done it when they have had to...
If the "middle class" has no money = no more mass consumption of manufactured goods = general bankruptcy (across all countries)
And although it is only fair that develepping (as in eating other's alive) asian countries do unto others (and indeed themselves) what others have done before them.. (slave labor / general polluting / aggressive takeovers and dismantling of smaller/weaker industrial/traditional establishments etc..) .. they are just continuing the vicious cycle that will always spell the same few things:
-/ no investments from the rich (since there is no direct visible upside), never any long term investments (for their descendents for instance), those never dubbed "profitable"
-/ less and less people actually gaining money, while working more (therefore with no time to consume), this making the active population economically "sterile"
-/ capitalism is a game, in a game many have to lose for few to win... and in the end.. no one can play anymore, so the game itself disappears
ps: oo00OOO .. for people seeing this as business as usual, all peachy and nothing to worry about, someone else will make it all better:
of course you guys are fine.. just don't think of what you're going to leave your kid, or don't make any retirement plans...
sad state of the world..
ps2 (lol everytime i write that): letting other people die is not the solution.. and while your thinking of that, add a pinch of: "do not unto others what you would not like them to do unto you"
banks are not evil, people are evil, socialism is not evil (granted it's flawed), capitalism is flawed and unfair (and the worst thing to ever come out of human kind, well that and television)
I would be even more sorry I wasted my time completing a degree in European Studies which deals with everything about the EU from economy to law etc etc/
Banks do need to go bankrupt, or controlled by the governments. Governments give them money instead of giving that money to the population, and then bankers take a shitload of that money for themselves as crappy extra salaries. If we get something out of this crisis, it's banks have too much power and need to be controlled for good.