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With the expansion of the EFSF - the idea that levitated markets throughout October culminating...

With the expansion of the EFSF - the idea that levitated markets throughout October culminating in Oct. 27th's moonshot - already looking dead, the EC leaks the next bazooka: A proposal for joint issuance of bonds among member nations. This one may not have any legs as Germans are vehemently opposed to going joint and severally liable with their spendthrift neighbors, and their constitutional court seems to have put the kibosh on the idea 2 months ago.
Comments (18)
  • Next imaginary bazooka, that should say.
    20 Nov 2011, 06:57 PM Reply Like
  • They will do something. I suggest the US populous to focus on how rapid things advance in the US. Lol. It takes time. Austerity is always a very slow process because no one wants to give up stuff.
    20 Nov 2011, 07:15 PM Reply Like
  • Truffel....what you are saying is it's hard to turn the ship of state around quickly....nevertheless that ship's momentum can carry it over the edge despite how aggressively they power on the reverse's that for a mixed metaphor?
    20 Nov 2011, 11:14 PM Reply Like
  • Took SA flash to follow my talks from3 months ago. Why is the shit posted today ! No treaty no more Euro's an US goes with it. GREAT. Can't think of a more useless country an so many useless people. Republican's need to get permits from Rep Gov's to shoot dems on site ! Permit needs to be valid for 5 years ! 1000 persons per permit !
    20 Nov 2011, 07:29 PM Reply Like
  • Although I believe we will see some violence here in the US as we are forced to adjust to a more economically sustainable system I'm not sure I would choose to fan the flames of violent rhetoric.


    Both Dems and Rep's are responsible for the current mess, if you kill all of the Dems we will not be any better off...


    Irregardless of political ideology the changes that need to happen are fundamental personal changes, Integrity, trust, and a belief in the goodness of people brought about by the people selflessly doing what is good and right.


    It really comes back to our endless need for material goods, our whole system is built around the consumption of "Things" It is the pursuit of these things that has corrupted us internally...
    20 Nov 2011, 08:34 PM Reply Like
  • "It really comes back to our endless need for material goods, our whole system is built around the consumption of "Things" It is the pursuit of these things that has corrupted us internally... "


    I recall Pius XII saying the same thing back in 1948.
    20 Nov 2011, 09:04 PM Reply Like
  • John,
    Nice sentiment and great ideals. Unfortunately, the greed is good, and so long as I get mine, and the end justifies the mean, etc. is firmly entrenched now. And it has paid off BIG TIME for many.


    The only thing that can likely turn this around is prosecution, serious jail time, and loss of most ill gotten wealth. We do have the means to do that ... it's called RICO laws. But the corrupt politicians, crony capitalists, lobbyists, vested interests,wall street financial engineers, etc control the political and legal system and they will not willingly give up their money machines.


    So, unless you have some constructive ways to mobilize the citizenry, then not much will happen. It's pretty tough for the 99% to fight the 1% when they control everything from law making, to wealth, to media, to the legal system.
    20 Nov 2011, 09:18 PM Reply Like
  • Though I am honored to be mentioned in the same paragraph as a Pope it is my belief that organized religion has also contributed to our current situation.


    Spirituality and our Moral compass exists independent of religion though religion supports that growth, religion is not the only way.


    I only say this because sometimes people equate spiritual or internal growth to religion and as we have seen religion is a divisive subject..


    Spiritual Growth is possible by simply making the choice to be a better person.
    20 Nov 2011, 09:24 PM Reply Like
  • It wouldn't necessarily be the only change necessary but the elimination of careered politicians is long overdue. And as for the lack of critical experience that such a move would create, I think many of us now see the value that experience brings.
    20 Nov 2011, 09:48 PM Reply Like
  • Yes, term limits would be a help. However, don't overlook the cadre of advisors each elected official employs and that this group easily moves (in the background) from one to another within their parties and sometime across party lines.
    20 Nov 2011, 09:55 PM Reply Like
  • Poor Texan, I agree and I would really like to see the majority of National Governance take place via the internet.


    How much could our government (Congress and the Senate) do via secure web meetings, I mean really if they are not going to do anything why not do it via the internet from home?


    The system can be changed, We used to idolize all that stood for good and we took pride in good virtue now we revel in all that is bad and wrong, somewhere along the way bad and wrong became good for the sake of entertainment so much so that it is now the norm...


    20 Nov 2011, 10:42 PM Reply Like
  • golfit,


    Clear thru the smoke and you'll see this is not a Republican or Democrat problem, its a political leadership problem from both sides.


    Shoot dems on site; well that's just foolish talk. Stay in South America and leave the US to people who want to make it better, not tear it down.
    20 Nov 2011, 10:46 PM Reply Like
  • And you can start with the eliminatin of Orin far as I am concerned. John Kerry, Nancy P, etc.
    20 Nov 2011, 11:22 PM Reply Like
  • You are talking about killing American citizens... “Have you no sense of decency, sir?”


    I’m a Democratic. I fought for my country. Are you going to shoot a Veteran too?
    21 Nov 2011, 01:15 AM Reply Like
  • Bazooka?? Nothing anywhere in sight now.
    20 Nov 2011, 08:20 PM Reply Like
  • QE is in sight. Watch out people, I know I am. The whipsaw off of this one, if it happens will be planned and meant to be terminal......
    20 Nov 2011, 08:43 PM Reply Like
  • With Italy near capitulation and France about to fall, what choices does Germany have now beside Eurobonds? Rules are easily tossed aside under emergencies.
    20 Nov 2011, 11:49 PM Reply Like
  • LMAO! All you poor Bulls. I have been warning of impending doom for months and that the EFSF was BS. Nope, bunch of Bulls jumped in during October for Thanksgiving feast. FOOLS all of you. If you sit down and look at the debt situation in US and EU you cannot be bullish unless you are mathematically impaired (in that case don't invest anyway).


    This isn't a Democrat/Republican is a problem of governance and lax overight by western countries citizens (which prefer to be consumers).
    21 Nov 2011, 12:12 AM Reply Like
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