Geithner Plan for Europe is last chance to avoid global catastrophe

I have this feeling like Europe was a sinking ship with great hole in its hull and the crew is throwing out the water with pots and bottles. Meanwhile captain and his officers are trying to secure the breach with dozens of cannonballs.

well said cichy Euro officials are not serious on this issue. meanwhile any big help from GOD. may GOD help Euro.

Euro Official Please take action we are facing problem because Euro currency, Hope top offical are reading this , Every price of commodity has increase in our country due to Euro fall, do make euro strong

cichy a u speak polish

Please get rid of the Euro lets get back normality

As most people in Poland

Hi Aaryan. I do not understand how EUR/USD weakness is driving up India's commodity prices.
From what I can see, it is the Rupee that has weakened against the Euro and the USD. Therefore what I see is that India needs a weaker Euro and USD, not a stronger one.
Please explain.

Aaryan -- global markets seem to be collapsing. This includes commodity markets. So just wait a few weeks, and the problem will be solved.

Yep, there won't be any markets

They've got an idea that the market will wait for them so they can have their meetings, their statements, and their committes, organizing all the seventeen states to approve all these measures.

The truth is, capital is fleeing Europe now in numbers, EU is a toxic place to place any investment money right how.

Numerous reports on big banks, insurance companies, about a long planned, and by this time mostly done, but still continued withdrawal is drying up the EU market, their banks, and any and all of their safety nets they intend to create.

The further funding for a complete safety net by EFSF is not in place, and one of the key states that are behind it, Germany, are getting increased opposition within their own ranks.

Greece is the known default up and coming, but with the European drain on liquididty...it may start without Greece.

The main attraction may very well be a bank crisis in the EU, ..and it may start to unralvel,...then on top of it, Greece will default, in the middle of the mele'...

This may go in a lot of directions.

Either way, the market will not wait for the political playout, the politicians will be more and more side line speculators when things unfold, ...they will ofcourse be screaming in top of their lungs though that they have it under control....they are paid to make statements to the press.

Trichets statement in Washington that this is not only a EU problem.....of course, play the fiddle all over the world, the same he played in Europe, making everyone belive that if we not all put a lot of money into this EU project the devil will come and take us.

-"Eeeeeeverybody is in on this, and eeeeverybody have to take responsibility and eeeeverybody have to........"

He's been playing that tune in EU for quite some time, pushing for his EU one state dream, and who knows, coming to Washington and saying that to Obama.

...I'm pretty sure he will go for it.

Cichy I am not sure if most people in Poland speak polish, this days it sounds
more like gibberish. This is what I read when I open any polish website and
I speak polish very well (old polish like people used to speak).

." Euroland's dysfunctional arrangements are no longer a local affair


Let the Americans step in
Europeans are not willing to take a solid decision.
The German court already took its decision “Lets finish Europe once more”
The good think is that the big brother will not let them do it again
Com’ on Guys step in and don’t ask these failures that are calling
themselves politician, do it once more as you did it in the past
and history will rewarding you again, that’s for sure

The way these finance execs try to get more power to their instutitions through fearmongering should be taught in schools.

"Euroland's dysfuctional affairs are no longer a local affair"

That is a true statement in that the Euroland is dysfunctinal, but the statement that it is no longer a local affair, is far from the truth.

The leaders of Europes biggest Non Democracy, the EU, will in all forms and fachion make it be everybodys business, theyre good in sayng so.

For them the failed EU "just happened" their own responsibility is in complete denial.

Any involvement in the EU affairs proposed by these EU dreamland fanatics, is a desperate cry from the EU belivers, that wants to extend their failed policies, in a longer chain of loans,...now spreading this toxic mess .... on the basis of the exact same policies that failed in the first place.

This is criminals running this show, they have eleminted democracy, but ...there is a sucker born every minute, and they follow like sheep.

-"We have screwed up so bad, the market is coming back and biting us, that we will go bankrupt or cease to exist if this continues....but lets continue this a bit more...it is only a matter of giving Greece loans, that Germany pays, that is put in a communal bailout fund, that France will contributre to, that France can get their bailouts from from their bank exposure to the Greece debt, and ....help...it's falling apart...."

"-I know....the same shit we've been puking with, all over Europe for the last fifteen years, lets say the same shit on the international market..... "

-"We screwed up ...but we can't say that....we are responsible ourself for the mess we are in....but we can't say that....we created this mess....but we can't say that...."

-"I know, these dumbasses have been falling for the same lie in Europe for so long...lets start on the international market, and say the same mantra...they might go for it..."

-"Ok, it's worth a try......Eeeeeeverybody is responsible , eeeeverybody have to step up.....eeeeverybody have to pull together......eeeeeverybody is in this crisis....eeeeeverybody lives on the same planet....so eeeeverybody have to...."

What's your point? What are you trying to tell me? And how is it relevant to the topic?

You will hear many funny thinks in this forum!!!

cichy the point is that I am sick and tired of Europe and their stupidity.
Everybody in Europe thinks that Germans will pay their bills
and never cross their mind to work like Germans (I am polish by the way
living far away from Poland for many years)

Europe is full of crap but there are some bright stars
Question is if US or Canada are crap-free? After talking with some US citizens I would doubt it. Maybe in different way or different meaning but I guess US is filled with it too.

Cichy, I assure you, there is nothing wrong, at all, in either Canada or the US. Life is perfect there. People are happy, healthy and prosperous. And best of all, our government is honest, competent and efficient.

Mr Geithner's plan is actually to save the U.S.A., not so much on helping the European So now I guess it's every man for themselves Poor European

Who told you they don’t work like the Germans Merkel ?
I don’t know when you born but I presume you must read a bit finance
history and if you do so you will see how Europe and mostly Americans helped Germany to avoid bankruptcy back in 1953.
Did they forget it after 58 years ?
I will like to mention also the late of 80’s you know what happen that time don’t you?

AaronWard: I don't know those two countries other than from stories. For some reason few people I know moved there to settle.

I am pretty sure that Europe will manage it out. Maybe not at 1.3xxx but 1.2xxx or 1.1xxx to USD. Even default of a few countries, even default of ALL 27 countries would not destroy Europe. Believe it or not but here is more than only Germany and PIIGS. There is bunch of countries in stable to good condition. Each has its own government and parliament and from there I would expect reformatory postulates after things get calm.

Financial/debt crisis is problem upstairs. Probably we'll get some water comming through the ceiling but repainting would mostly clear the mess.

And there is this another question - do we need monetarist bankers and central banks like that? Some may say - "Yes! We got this crisis (or whatever!) and they are doing their best to rescue the world!". But wait, aren't they fightning with problem caused directly by them??? Aren't they fighting with crisis that they invoked themselves?

The euro was the big plan to take all the gold from the european banks that were on a gold standard. Now some of those countries don't have any of their gold and have plenty of debt. Those countries that sold off most of their gold are now in a world of hurt and at their knees in submission. Ooops
Geithner is part of the problem from the beginning....imagine if i was trying to avoid paying my taxes

Cichy

The world is globalizes it getting bigger
So big that individual small state they will get difficulties to survive
We must unified .
We must also stop looking the guys across the Atlantic like strangers
There not they helped us numerous of times when we needed

Ones greeks get hair cut to their bonds (50%) every other PIIGS would
like to get the same deal and then "shit will hit the fan" How is going
to absorb all the losses, there is not enough money in all Europe
to cover this.

Sorry Tranco, but I don't share your point of view. Australia in my opinion is somehow perfect country.

Cichy this is where I have been living for the last 30 years.
The best place on earth - Melbourne Australia

I know Australia is an fine country
Greeks second home 300.000 alone in Melbourne
The WOKS as they calling us

At first I recommend to open an account to know with whom we talk!!

Second : Greeks they don’t wand hair cut they just need time to materialize they measures
that’s all they need and to pay back what they borrow

Third It is impossible to improve our selves in 2 months after austerity measures took place in June

Forth: We cut our deficit by 5% in less than a year, the biggest cut in Europe’s history They cant do it better

Fifth: My peoples are suffering but they we will do it that’s for sure
Once more we write a history

Cichy: i was joking. In American we have to pass a budget in the next near future. There is no chance that is going to happen. So the government will probably leak on passing a weekly budget or something like that. Its really, really embarrassing. In Europe the leaders can talk and agree. In the US -- no chance. If you want to know how I really feel, my back posts tell the story quite well.

Mistake in title: "Geithner Plan for Europe is last chance to DELAY and EXACERBATE global catastrophe"

Oh yeah let's take advice from Mr. Geithner. Looking at the fundamentals of the American Economy he seems to know what he is doing....NOT!.

i recently watched a video from youtube called "the money masters". i think this video might help some people understanding this world