End is coming...

1. 60

   BuddiNsenseposted 9 years ago

   And just as it happened in the days of Noah, so it will be also in the days of the Son of Man: they were eating, they were drinking, they were marrying, they were being given in marriage, until the day that Noah entered the ark, and the flood came and destroyed them all."It was the same as happened in the days of Lot: they were eating, they were drinking, they were buying, they were selling, they were planting, they were building; but on the day that Lot went out from Sodom it rained fire and brimstone from heaven and destroyed them all. "It will be just the same on the day that the Son of Man is revealed.
   I am not sure about the son of man, but Alexis Tsiripas is probably going to bring about a "financial flood" and destruction of EU and the whole world, what do you think? Tuesday is the last day to bring about a deal.

   replyreport
   1. 82

      gmwilliamsposted 9 years agoin reply to this

      What? Oh no, NOT AGAIN.......WITH THIS...........
      

      replyreport
   2. 60

      Live to Learnposted 9 years agoin reply to this

      Well, it is interesting that our society is so wrapped up in money that we can compare financial problems to Biblical destruction.

      replyreport
      1. 60

         BuddiNsenseposted 9 years agoin reply to this

         Destruction, biblical or not, is destruction still. And it is not a "financial problem" alone. When people starve it becomes a law and order and humanitarian problem.

         replyreport
         1. 60

            Live to Learnposted 9 years agoin reply to this

            I was not aware of the fact that Greeks were starving just quite yet.
            
            Anyway, I found the comparison a bit over the top. That's all.

            replyreport
            1. 60

               BuddiNsenseposted 9 years agoin reply to this

               Just yet, is the key word. If EU doesn't give them money it will be. Even if they give money, it is only postponing the inevitable because Greeks have nothing to repay the debt.

               replyreport
2. 60

   BuddiNsenseposted 9 years ago

   The description is true, though made without an inkling about the future. The world is going on its business though by the act of Greece a huge depression is looming which can sent the poor to financial turmoil and even starvation.
   May be a compromise will be reached but it is postponing the inevitable.

   replyreport
   1. 39

      Writer Foxposted 9 years agoin reply to this

      This is huge!  Unless Greece sells itself to a wealthy Arab country (perish the thought!), I don't know think there is a way out of its financial crisis.
      
      http://blogs.wsj.com/economics/2015/06/ … o-the-imf/

      replyreport
      1. 94

         wildernessposted 9 years agoin reply to this

         Maybe China will buy Greece, as it has the US?

         replyreport
         1. 78

            colorfuloneposted 9 years agoin reply to this

            The USA has sold out to China.
            The End!

            replyreport
         2. 60

            BuddiNsenseposted 9 years agoin reply to this

            That is a good prospect, the only problem is china itself is slowing down. In the last one month alone Chinese stock market is down by 25%.

            replyreport
      2. 60

         BuddiNsenseposted 9 years agoin reply to this

         Yes and that is worrying.

         replyreport
         1. 39

            Writer Foxposted 9 years agoin reply to this

            I completely agree with you. 
            
            I guess we all have to wait until the referendum on Sunday to know how this will play out.
            
            In the meantime, there was a run on the banks in Greece for more than one billion Euros and the people who didn't pull money out don't even have money for groceries.
            
            Imagine going to the ATM and your card doesn't work!!!!!!!!
            
            The Euro is based on nothing but 'faith.'  It is the same with the American Dollar: It is based on "the full faith and credit of the U.S. government."
            
            But, the U.S. dollar is only worth what other countries say it is worth.  This has been the case since it fell off the gold standard for its value. And the U.S., as we all know, has to borrow money EVERY MONTH just to pay the interest it owes on all the money it has already borrowed!
            
            The USD and the Euro are just pieces of paper.  That's all.
            
            In may not be 'the end of the world.'  But the end of money as we know it may well be nigh.

            replyreport
            1. 78

               colorfuloneposted 9 years agoin reply to this

               End times, people will have to take the mark of the beast to be able to buy anything. Thus, the Great Tribulation for those who will not.

               replyreport
               1. 60

                  BuddiNsenseposted 9 years agoin reply to this

                  Yea, I have heard that only people with bible get anything, for the big businesses are all christian.

                  replyreport
                  1. 78

                     colorfuloneposted 9 years agoin reply to this

                     That's really funny. 
                     Where did you hear that?  lol

                     replyreport
                     1. 60

                        BuddiNsenseposted 9 years agoin reply to this

                        Christians tend to help Christians only, especially in distress. When Rome was threatened with plague that was the big advantage of Christianity. So bible is the mark.
                        And this is not a religious thread to discuss bible.

                        replyreport
            2. 60

               BuddiNsenseposted 9 years agoin reply to this

               End of the world as we know it, globalization makes it difficult to contain the crisis and as usual the poor and weak will be wiped out.

               replyreport
      3. 60

         Popitposted 9 years agoin reply to this

         There is a way to solve it, cancel the debt.  It's all imaginary, electronic money.  As was pointed out by Greece a few months ago, it's a bit ironic that the Greeks let Germany off with their reparation payments, after trashing Greece in WW2 and now a German bank controls the whole of the Euro Zone.  If Greece cancelled Germany's debt for the sake of a stable Europe, perhaps Germany could repay the compliment?

         replyreport
         1. 39

            Writer Foxposted 9 years agoin reply to this

            It is said that if the Greek debt is cancelled, that Spain and Portugal will ask for the same thing.  Apparently, that's why.
            
            Some repayment terms were offered, but Greek voters turned down the proposals today.
            
            News reports say that grocery stores have empty shelves and ATM machines are out of money.  Sounds like chaos is just around the corner.

            replyreport
         2. 60

            BuddiNsenseposted 9 years agoin reply to this

            Will the German public, whose money that is being given allow that? Will you?

            replyreport
            1. 60

               Popitposted 9 years agoin reply to this

               It's really nothing to do with the German public but rather the Banks.  They didn't have a problem with keeping hold of all the stolen gold, money and art work which was systematically looted throughout Europe.  Maybe they could sell a fraction of it and pay everyone's debts off.  What's worse? The breakdown of society in Greece and possibly war or the Bundesbank crossing off a few noughts.  Every Greek town and city has walls with bullet holes, where the local inhabitants were rounded up and shot.  It might be ancient history but history has a habit of emerging from the grave and starting the whole thing over again.  A bit like Zombie apocalypse, only not so amusing.  Instability in Europe is never a laughing matter, unless your an arms dealer.

               replyreport
               1. 60

                  BuddiNsenseposted 9 years agoin reply to this

                  Yes, but it is the public that votes.
                  "They didn't have a problem with keeping hold of all the stolen gold, money and art work which was systematically looted throughout Europe"
                  But this one I didn't understand.

                  replyreport
                  1. 60

                     Popitposted 9 years agoin reply to this

                     Germany owe in reparation to Greece. 303 billion dollars.  They paid back a sum which basically amounted to 1 dollar for every Greek civilian that was executed during the war and that came out of the proceeds of stolen Greek artifacts.  Germany decided, without the agreement of any other nation that it was no longer obligated to pay agreed reparation to any of the lands it had plundered and murdered during WW2 and that it should be forgotten about.  Ironic since the UK had to pay back every cent of it's Lend-Lease agreement to America.  The Greeks are naturally irate since if the reparation was paid, they would owe only a small debt to the EU, which would totally change their economy.  Who died and made Germany ruler of Europe?  Millions of innocent people, apparently and in Greece their life was worth exactly 1 dollar.

                     replyreport
                     1. 60

                        Popitposted 9 years agoin reply to this

                        As for the art, antiques, gold etc, the Nazi regime systematically looted every country they invaded, including Greece.  Very little has ever been recovered.  And people wonder why the Bundesbank is so successful.  If the nation really was sorry for the holocaust, you would think they would at least give the gold teeth back.

                        replyreport
                     2. 60

                        BuddiNsenseposted 9 years agoin reply to this

                        Well, none of the EU paid back the third world they plundered.
                        But let us assume all the debts of Greece are cancelled, will that help Greece? Why the Greeks do not have money?

                        replyreport
                        1. 60

                           Popitposted 9 years agoin reply to this

                           Good point, the Third world has indeed been plundered and left pauperized and this remains a stain on Europe.  I do not know whether reparations were officially set for this and then defaulted upon but it is a fact that Germany has done exactly that.  As for why Greece is in financial crisis, like all the unstable European economies, it had to borrow to shore up it's economy after the global economic crisis, triggered by toxic debt.  The short answer is - Banks - over reaching themselves.  You might as well ask what's the matter with Detroit.

                           replyreport
                           1. 60

                              BuddiNsenseposted 9 years agoin reply to this

                              Thanks. Now what do you think about the second part of the question, hypothetical yes, still,  will Greece be saved if all the debt is cancelled?

                              replyreport
            2. 81

               Kathryn L Hillposted 9 years agoin reply to this

               good question.

               replyreport
3. 60

   BuddiNsenseposted 9 years ago

   Now it is official,  Greece is going to cave in if EU don't intervene.  We can watch a mini end times in Greece.

   replyreport
   1. 39

      Writer Foxposted 9 years agoin reply to this

      So, Greece is going to print its own money, as if other countries are going to honor it as containing some sort of value.
      
      The finance minister of Greece just resigned.
      
      “By the end of the week, we may see most A.T.M.s out of cash, massive pressure on the payment of upcoming public sector wages, tourism issues and wider economic damage,” analysts at Deutsche Bank said on Monday in a note to clients."
      
      http://www.nytimes.com/2015/07/07/busin … .html?_r=0

      replyreport
4. 60

   BuddiNsenseposted 9 years ago

   Chinese stock market collapsed taking the world along it with it. Now we will have QE4 and fiscal stimulus.
   Armageddon has begun.

   replyreport
5. 79

   psycheskinnerposted 9 years ago

   Some stocks got devalued and one country is having economic issues.  This happens somewhere in the world literally every year.  Really not a big deal.

   replyreport
   1. 60

      BuddiNsenseposted 9 years agoin reply to this

      Not a big deal considering that in 2007 also the same things happened. For the last 20 years there is no one country, globalization made sure that even a small thing in one country is globalized.
      Add to that some 20 countries in the world have a stock collapse and yesterday's one country has caused a world wide shock that European and even Australian stocks plummeted.

      replyreport
      1. 79

         psycheskinnerposted 9 years agoin reply to this

         Stocks go up, stocks do down.  Farms still grow food, we can still breath the air.  Not the end of the world.

         replyreport
         1. 60

            BuddiNsenseposted 9 years agoin reply to this

            Wrong there unless you know how to do agriculture and have the land for it. Short term stock collapse is different from long term. Long term is caused by fundamental economic weakness. When stocks collapse, as in 1929 there will be depression which causes job loss. But, unlike in 1929, the world is no longer a manufacturing economy but a service economy that do not need employees. In a profound depression now, more than 50% unemployment will occur and those people will have nothing to eat. Even without any depression that can happen when the retired is more (ration higher than 2:1) than the working class as is going to happen in Japan.
            When these unemployed start to take by force, everything will end.

            replyreport
6. 60

   BuddiNsenseposted 8 years ago

   RBS has warned investors to sell everything they got and now DOW is going to the bear territory.
   Depression is shifting from first to second gear even in America.

   replyreport