Spain's bailout request- Crash or Rally on Monday??
- Thread starter spanish89
- Start date
Quote from spanish89:
Where is all this 125billion euros actually coming from though??
Since all these different commitees with names such as efsf, entc, ebaberferefd...,
they are all just the exact same thing, a joint bank account where all the EU countries pool whatever money they can spare.
EU contries only consist of Germany, France, Spain, Italy, Portugal, Greece, Scandinavians, Cyprus...
So Spain is technically asking Greece to lend it money!! LOL
The reality is every single country in EU (apart from scandis) are asking Germany and France for money.
And so the ESF is nothing more thna germany and france, neither of whom can afford nor have any logical or political reason to give free cash to other countries.
Wrong. Spain and Greece are the ones screwing it up now. Portugal and Italy are still accepting the responsibilities, thus far anyway. The "new" europe isn't asking for anything either. EFSF does NOT only consist of the countries you mentioned, it consists of: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain - quite many more than you mentioned.
The rest of the world isn't in such crap either, they're doing okay.
I wasnt asking about the morals of it,
as i have no the slighest care or shred of empathy in any way, shape or form in regards to the 'moral's of global economics! LOL
I am currently heavily long the VIX and so i woould love more than anything to see a total worldwide meltdown in every single country tomorrow!!
Pensioners lying begging in the streets because their pension funds have all been voided and blocked by the governments who are bankrupt, mass looting and chaos all across the globe, politicans using every cheating, lying and vicisious tactic possible to screwup the population but benefit their own pocket financially,
i honestly wouldn't give a single toss or care in the slighest about all of that from a moral perspective,
as morals consideration have no place in trading!
I was more just pointing out how no-one seems gobsmacked (leading to mass mocking in the media) about how absurd all these ''esfffssssssssssss'' are getting,
when the fact is that half the money in those funds to be dished out is actually meant to be coming from the countries who are already bankrupt and asking for money from the fund themself!! LOL
Greece are meant to be paying into that fund, yet are bankrupt and so asking for money from that fund, which is paid to them from spain and italy.
Spain and italy have now also runout of cash, and so are popping their head round the door of the esfs office and asking if greece can lend them some money!!
Greeces answer is we cant we are bankrupt ourself and need more money from the fund,
wait a minute arent you spain and italy actually meant to be contributing over 100billion euros to the fund yourselves anyways?
And their reply is yes we were meant to be, however instead of being able to be a providing member to the fund, we can only be customers of it.
Ultimately Germany and France are the only 2 countries with a net surplus to the fund,
and so any money dished out in bailouts is money being taken away from the german people by merkel and given to other countries.
Merkel aint a fool, and so i honestly dont know why she would ever do a stupid move like that, as itd basically be domestic political-suicide!
as i have no the slighest care or shred of empathy in any way, shape or form in regards to the 'moral's of global economics! LOL
I am currently heavily long the VIX and so i woould love more than anything to see a total worldwide meltdown in every single country tomorrow!!
Pensioners lying begging in the streets because their pension funds have all been voided and blocked by the governments who are bankrupt, mass looting and chaos all across the globe, politicans using every cheating, lying and vicisious tactic possible to screwup the population but benefit their own pocket financially,
i honestly wouldn't give a single toss or care in the slighest about all of that from a moral perspective,
as morals consideration have no place in trading!
I was more just pointing out how no-one seems gobsmacked (leading to mass mocking in the media) about how absurd all these ''esfffssssssssssss'' are getting,
when the fact is that half the money in those funds to be dished out is actually meant to be coming from the countries who are already bankrupt and asking for money from the fund themself!! LOL
Greece are meant to be paying into that fund, yet are bankrupt and so asking for money from that fund, which is paid to them from spain and italy.
Spain and italy have now also runout of cash, and so are popping their head round the door of the esfs office and asking if greece can lend them some money!!
Greeces answer is we cant we are bankrupt ourself and need more money from the fund,
wait a minute arent you spain and italy actually meant to be contributing over 100billion euros to the fund yourselves anyways?
And their reply is yes we were meant to be, however instead of being able to be a providing member to the fund, we can only be customers of it.
Ultimately Germany and France are the only 2 countries with a net surplus to the fund,
and so any money dished out in bailouts is money being taken away from the german people by merkel and given to other countries.
Merkel aint a fool, and so i honestly dont know why she would ever do a stupid move like that, as itd basically be domestic political-suicide!
Are the majority on ET are short? I hope they did not short the exact bottom of last Monday. It would be nice if there is a way to know when all the people who said in this thread short here/short there turn bullish. In markets the majority should be on the wrong side -- negative sum.
Yep too many bears in ET and we know what happens when the majority agrees here, leading indicator.
The poll results say too many bulls, by a 20-2 margin.
You don't care about any of this as long as it doesn't concern you. News like this make the FTT more popular. When you won't be able to trade due to taxes then these "morals" are relevant for you. You seem to be naive enough to think that you're operating outside the system, that is until they raise your taxes because the money has to come from somewhere and the politicians would never accept a pay cut, so get your wallet out.