GFC #2?

[Studio Gangster Max]

Word on the street is another GFC is just around the corner.

You down with the sickness or believe someone's coming to the rescue?

[Hoser]

Yes it is. The writing was on the wall when nearly every developed nation went into hock bailing out the bankzzz and fiscal stimulating.

Fuck even we were giving out 1000$ cash PER CHILD for all the suburban breeders.

[Satan]

Of course there is. Pay down any debts and sell sell sell

It's too late now to sell, resurrect the property price poll and see if I was right


-25% for the year is my prediction.

[nosaj D:]

Fuck even we were giving out 1000$ cash PER CHILD for all the suburban breeders.

i do enjoy this word, though try not to use it

[Slurm]

Its looming.

But will we learn from it?

i think not.

[nosaj D:]

will we die from it?

[kranky al]

got a gold plated copper bottomed job locked in for the next six months. being very careful with my money.

pretty glad australian government isnt in lots of debt like other governments around the world. unsure of who to thank. will get back to you on that. al- out...

[Satan]

Didn't seem like anyone learnt anything the last time. It was business as usual for the banks lending silly money to anyone who will sign on the line. In fact you can still sign up with only $2000 deposit*, hurry kids, time is running out to spend 10 years in negative equity. *Terms and conditions apply.

[frogman]

If you are really concerned then watch the middle east closely.

Greece currently gets about 13% of its oil from Iran. The EU just signed in sanctions on Iran, to which Iran said fuck you, we are going to put an embargo on you first. Iran doesn't give a shit cos Russia and China will buy its oil but Greece and italy, who sources about 30% of its oil from Iran are going to be fucked. Some people are predicting a 30% jump in the price of oil.

[Hoser]

Some people are predicting a 30% jump in the price of oil.

I don't see how you figured that. All that will happen is Iran will shift its oil elsewhere freeing up oil from other sources.

In fact I predict a short term drop in the price of oil as Europe's stagnation worsens and consumption drops...

Edit: LOL frogman are you taking that figure from the IMF forecasts? hahaha

They are the same ones whining because all the debt ridden countries have CUT SPENDING TOO MUCH.

[Hoser]

will we die from it?

No you won't. Many poor 3rd world people probably will though so that's ok.

[Satan]

this should help

http://www.shopadocket.com.au/view_coupon.asp?id=224325

[Kevin]

Pretty frustrating the amount of sequels around at the moment. As usual it will probably stuck loosely to the same formula and rehash the same old jokes just in a slightly different setting. Let's hope they are not thinking trilogy

[Slurm]

The book was better

[fatnick]

Anyone ever play monopoly? How often did the winner always get all the money that is was no fun to play anymore, so he started to give out/lend out money only one round later to get it all back again?

Stimulus packages/bailouts, just delaying the inevitable. Jail is the safest place right now.

[Chach]

You answered your own question there, who said life was supposed to be fun?

Just keep playing, the game could switch in your favour, Old Kent Rd might get trendy and you'll be in Mayfair in no time.

[Chach]

Pretty interesting video from Steve Keen here and his solution to fix the debt crisis, Froggy would be happy to see his model includes nationalising banks (at least temporarily)

[kranky al]

Pretty interesting video from Steve Keen here and his solution to fix the debt crisis, Froggy would be happy to see his model includes nationalising banks (at least temporarily)

you lack basic comprehension skills dont you. watch the video again.

[Chach]

No I did say temporarily Al

[frogman]

No I did say temporarily Al

Watch it again. Specifically 5:20 onwards.

[Chach]

oops that wasn't the actual tube I meant to link, its a bit out of context, I assumed with that kind of debt jubilee and the structural changes he's proposing to the financial system with regulation to stop debt bubbles happening in the future, its never going to happen without temporarily nationlising the whole system (lets face it its not going to happen, I just thought it was an interesting idea)

[Chach]

poor old Greece

http://www.guardian.co.uk/business/2...t-euro-strikes

[David]

Fuck the greeks.

[Satan]

lazy bastards

brought it on themselves

[Chach]

brought it on themselves

They had a fair bit of help from a corrupt banking system

[David]

Up the bum all the way.

[nosaj D:]

What's with the resignations and lack of support for the austerity measures? Do they even have a choice?

[Satan]

They had a fair bit of help from a corrupt banking system

corrupt population and corrupt taxation system = greece lightning

[Satan]

What's with the resignations and lack of support for the austerity measures? Do they even have a choice?

yes theres a choice, agree to support or resign

[nosaj D:]

I mean what other choice do they have than to accept the cuts? Then again i wouldn't be happy about lower minimum wage or cuts to pensions

[Satan]

considering some will also have to start paying income tax for the first time ever too, oh poor greeks

oh and no 6 week holiday bonus a year either, the poor souls

fuck em

[Chach]

I mean what other choice do they have than to accept the cuts? Then again i wouldn't be happy about lower minimum wage or cuts to pensions

Default and leave the Euro and QE the fuck out the drachma

[Hoser]

Default and leave the Euro and QE the fuck out the drachma

I'd say this is by far preferable to years and years of crippling "austerity".

Either way they are well fucked.

[Slurm]

Eleven more millions fucked by the system.

[Chach]

Eleven more millions fucked by the system.

It's their own fault apparently, they should just open some mines

[kranky al]

or conversely just not spent more money than they earned and financed it by borrowing as at some stage- as difficult as it seems to be for the lefty flog mob to understand.. you are actually required to pay it back.

every cent you have to borrow this year to pay for social programs is a cent you have to pay back with interest. this interest added to the principal that you pay off is money you dont have in next years budget. if you keep borrowing money to finance deficit spending, one day the metaphors come and punch the shit out of you.

[Satan]

sorry is someone saying greece has been fucked over by "the system"?

[Multivital]

or conversely just not spent more money than they earned and financed it by borrowing as at some stage- as difficult as it seems to be for the lefty flog mob to understand.. you are actually required to pay it back.

every cent you have to borrow this year to pay for social programs is a cent you have to pay back with interest. this interest added to the principal that you pay off is money you dont have in next years budget. if you keep borrowing money to finance deficit spending, one day the metaphors come and punch the shit out of you.

right, so humanity needs to spend the rest of eternity IN THE COAL MINES then?

when IS a good time to spend money on anything other than ensuring the great and powerful get what they want?

your simplistic rationale has another side you know and the answer to these issues isn't as easy as smug judgmental conservative fuckfaces might think it is.

oh wait maybe it is.

the actual answer is 'the world has more than enough for everyone but smug judgmental conservative fuckfaces will ensure it never gets shared'.

all it takes is one of you to ruin it for everyone which is the sad misery of the human condition.

[nosaj D:]

here, enjoy this unrelated graph and lol @ 1973

[c_avdas]

here, enjoy this unrelated graph and lol @ 1973

http://en.wikipedia.org/wiki/Athens_...chnic_uprising

[Slurm]

sorry is someone saying greece has been fucked over by "the system"?

Eleven million people are involved in collusion to run their own economy into the ground, or they are part of the system that has encouraged, allowed and empowered it?

Greece isn't it's governance or the transnational power-structures behind its governance.

Blaming the Greek people for this situation is like blaming the Bangladeshi's for being flooded.

[Satan]

I'd say actively avoiding the paying of taxation is indeed a group of people in collusion to run their own economy into the ground yeah

[nosaj D:]

i swear this relates back to the mining companies getting payouts instead of paying tax...

[Slurm]

I'd say actively avoiding the paying of taxation is indeed a group of people in collusion to run their own economy into the ground yeah

I find your suggestion that the people of Greece are responsible for the actions of their government laughably naive.

To further try and waft it off as a personal tax issue is entertainingly ignorant.

Do please continue.

[Satan]

using that logic, there was absolutely no reason for the people of australia to say sorry to the aboriginal race, australia isn't its governance, the coons weren't killed, removed from their families and rehomed by outlaw gangs, it was the government of the time....fuck all to do with the people

[Slurm]

using that logic, there was absolutely no reason for the people of australia to say sorry to the aboriginal race, australia isn't its governance, the coons weren't killed, removed from their families and rehomed by outlaw gangs, it was the government of the time....fuck all to do with the people

What?

I don't even...

[Satan]

hey stop disturbing me, I'm shopping for a Yacht

do you have any knowledge of really really effective antifoul applications?

something really strong, lots of copper in it?

[nosaj D:]

when k-rudd said sorry, wasn't that more on behalf of the government than the people?

[Slurm]

when k-rudd said sorry, wasn't that more on behalf of the government than the people?

Don't worry. Its pretty clear he understands even less about reconciliation in Australia than he does the debt crisis in Greece.

[Satan]

clearly

now back to the antifoul issue