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  • #954,361
  • Jan 25, 2015 8:08pm Jan 25, 2015 8:08pm
Quoting fxtyrant
{quote} cuz you still got europeans who bailed greece out still hoping greek would pay back their debt one day... sooo potentially a lot bail out money becomming bad debt on the books.
More like it could set precedent for other countries to leave euro zone. And by this it can be the first step to dismantling whole euro zone.
  • #954,362
  • Jan 25, 2015 8:11pm Jan 25, 2015 8:11pm
Quoting fxtyrant
{quote} cuz you still got europeans who bailed greece out still hoping greek would pay back their debt one day... sooo potentially a lot bail out money becomming bad debt on the books.
I don't think anyone with half of a brain was expecting Greece to pay anything back. The country got into the debt for a reason, because morons were running the country in a moronic way. Imagine you spent all your money on drugs and prostitutes and then go to a bank to ask for a loan to spend more on the same. Would you get it? In this scenario, Greece somehow got it. lol

I mean, talking just economis facts...the Greeks had wages and retirements that could have been compared to Germans, but work productivity that can be compared to ...hmm...I am thinking of a lazy nation...can't think of anyone with a lower productivity than Greece at the moment. You do the math...if you keep making $1 per hour and spending $10, no loan will ever help.
Everyone can see the chart, but only a few can actually read it.
  • #954,363
  • Edited 8:30pm Jan 25, 2015 8:15pm | Edited 8:30pm
Quoting fxtyrant
{quote} cuz you still got europeans who bailed greece out still hoping greek would pay back their debt one day... sooo potentially a lot bail out money becomming bad debt on the books.
before u.s. dilution euro was falling, pointing to the ground. then post 911 printing began (fake rates stimulation so we would go shopping) then some wars and a 2008 crash with more printing (usd dilution). meanwhile the ecb was keeping rates higher. turning around the pre 911 euro crash trajectory.

the shoe is on the other foot in 2015.. less u.s dilution and more euro dilution along with technical's pointing the same direction.
those who can, do. those who cant, talk about those who can
  • #954,364
  • Jan 25, 2015 8:16pm Jan 25, 2015 8:16pm
Quoting OnlineAddict
{quote} I don't think anyone with half of a brain was expecting Greece to pay anything back. The country got into the debt for a reason, because morons were running the country in a moronic way. Imagine you spent all your money on drugs and prostitutes and then go to a bank to ask for a loan to spend more on the same. Would you get it? In this scenario, Greece somehow got it. lol
well if you wana put it this way.... if you didnt know lehman brother was gona collapse on collateralised debt and securitised products, would investors have bought into those crap???
they still bought it.... because people saw the potentially return but didnt truly understand the underlying risks involved....

people are just dumb, and we have been proven time and time again.
so, im not surprised people are dumb enough to hope for greeks to pay back their debt.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #954,365
  • Jan 25, 2015 8:17pm Jan 25, 2015 8:17pm
Quoting gatorinla
{quote} before u.s. dilution euro was falling, pointing to the ground. then post 911 printing began (fake rates stimulation so we would go shopping) then some wars and a 2008 crash with more printing (usd dilution). meanwhile the ecb was keeping rates higher. turning a around the post 911 euro crash trajectory. the shoe is on the other foot in 2015.. less u.s dilution and more euro dilution along with technical's pointing the same direction.
thats why i've been advocating that EURUSD to go back below parity..... last 4 years the timing wasnt right because both Euro and US were easing... but now is a different story.... Euro still in easing, heck accelerated easing.. while US is slowing down or potentially reverting their easing....
shit is going down...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #954,366
  • Jan 25, 2015 8:20pm Jan 25, 2015 8:20pm
Quoting fxtyrant
so, im not surprised people are dumb enough to hope for greeks to pay back their debt.
Its hard to believe anyone who has so much money to spend would be so dumb...but I guess anything is possible. But to me its the same as lending money to a guy on the train station who comes to you to ask for 5 bucks for a ticket, because he was just "robbed and lost his wallet". And he will ask for your address, so he can send the money back.
Everyone can see the chart, but only a few can actually read it.
  • #954,367
  • Jan 25, 2015 8:24pm Jan 25, 2015 8:24pm
Quoting OnlineAddict
{quote} Its hard to believe anyone who has so much money to spend would be so dumb...but I guess anything is possible. But to me its the same as lending money to a guy on the train station who comes to you to ask for 5 bucks for a ticket, because he was just "robbed and lost his wallet". And he will ask for your address, so he can send the money back.
Actually you have no idea how many dumb rich people ive seen....
studying at a full europeans only university, where rich oil prince and political people send their sons and daughters....
they all have vertu phones, they have daddy for internships, they have private jets to fly back to monaco, they think they got the right to brag about their rich lifestyle but the fact is that they arent doing shit, they're just your typical average hedge fund babies who likes to show off the family wealth...
"oh im gona fly back to monaco for the weekend, oh i drove my uncle's ferrari and we lost 50k euro at one go the other night on poker...."

pls.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #954,368
  • Jan 25, 2015 8:25pm Jan 25, 2015 8:25pm
Quoting OnlineAddict
{quote} Its hard to believe anyone who has so much money to spend would be so dumb...but I guess anything is possible. But to me its the same as lending money to a guy on the train station who comes to you to ask for 5 bucks for a ticket, because he was just "robbed and lost his wallet". And he will ask for your address, so he can send the money back.
Well, even if someone in Greece knew what is comming, there was no way they would stop it. Every party in democracy wants to win and party that takes away "peoples" money because some kind of crisis can happen in the future will probably lose.
  • #954,369
  • Jan 25, 2015 8:27pm Jan 25, 2015 8:27pm
Quoting fxtyrant
{quote} cuz you still got europeans who bailed greece out still hoping greek would pay back their debt one day... sooo potentially a lot bail out money becomming bad debt on the books.
Greece gets all the focus. they all have bad debt including Germany.. The German government fiscally responsible? is loaning money that u dont expect to get back fiscally responsible? when Poland's housing market crashes in a few months, it will bleed over to the Swiss and Germany , ecb, +. banks are connected. countries back banks
those who can, do. those who cant, talk about those who can
  • #954,370
  • Jan 25, 2015 8:29pm Jan 25, 2015 8:29pm
Quoting Dovilo
{quote} Well, even if someone in Greece knew what is comming, there was no way they would stop it. Every party in democracy wants to win and party that takes away "peoples" money because some kind of crisis can happen in the future will probably lose.
This is noone else's fault but the public's, because even now they voted for the morons who promise them money which they don't have. First, Greece needs to improve their productivity, then they can ask for more money, because for a long time they have been living like millionaires with the productivity of the unemployed. There is only one thing that will help...the new coalition will eventually bankrupt the country so bad, that people won't ask for 1800+ retirements, but they will ask for food coupons, so they don't starve. With the way they spend, its not that far away.
Everyone can see the chart, but only a few can actually read it.
  • #954,371
  • Jan 25, 2015 8:33pm Jan 25, 2015 8:33pm
In my opinion, greece is always doing what's best for them. By entering Eurozone, the govenment could borrow cheap money at that moment. That paved the way for aggressive fiscal policy and social welfare.
Refusing to pay back their debt now is a great idea too. Quit Eurozone, depreciate their money, export goes up. Economy recovers. They would be rich again.
  • #954,372
  • Jan 25, 2015 8:38pm Jan 25, 2015 8:38pm
Quoting OnlineAddict
{quote} This is noone else's fault but the public's, because even now they voted for the morons who promise them money which they don't have. First, Greece needs to improve their productivity, then they can ask for more money, because for a long time they have been living like millionaires with the productivity of the unemployed. There is only one thing that will help...the new coalition will eventually bankrupt the country so bad, that people won't ask for 1800+ retirements, but they will ask for food coupons, so they don't starve. With the way...
which goes to my argument that Democracy maybe the downfall of civilization. democracy is potentially dangerouns because indeed people know that they want, but sometimes peopel want something too idealistic..... sometimes too much freedom can cause chaos....
with democracy, we give way to opposing views and where opposing views comes into play, nothing gets done..... because we balance out the "sides" so we become directionless....

i know this might sound hypocritical of me but we need a leader. the world needs a leader and a direction to strive for.... right now we see western countries falter because of the lack of a clear direction.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #954,373
  • Jan 25, 2015 8:40pm Jan 25, 2015 8:40pm
Quoting gatorinla
{quote} Greece gets all the focus. they all have bad debt including Germany.. The German government fiscally responsible? is loaning money that u dont expect to get back fiscally responsible? when Poland's housing market crashes in a few months, it will bleed over to the Swiss and Germany , ecb, +. banks are connected. countries back banks
lets not forget the Swiss exposure to southern Utopia like Greece. those Swiss backed defaults, can deflate Europe housing prices, leading to a snowball of defaults.. The Swiss banks poised to take on water from many directions from exported loans
those who can, do. those who cant, talk about those who can
  • #954,374
  • Jan 25, 2015 8:42pm Jan 25, 2015 8:42pm
Quoting fxtyrant
{quote} which goes to my argument that Democracy maybe the downfall of civilization. democracy is potentially dangerouns because indeed people know that they want, but sometimes peopel want something too idealistic..... sometimes too much freedom can cause chaos.... with democracy, we give way to opposing views and where opposing views comes into play, nothing gets done..... because we balance out the "sides" so we become directionless.... i know this might sound hypocritical of me but we need a leader. the world needs a leader and a direction to...
Democracy would work only if dumb people wouldn't be allowed to vote. They should do IQ tests or something before someone is allowed to make a vote. Then populists wouldn't stand a chance.
Everyone can see the chart, but only a few can actually read it.
  • #954,375
  • Jan 25, 2015 8:43pm Jan 25, 2015 8:43pm
Quoting OnlineAddict
{quote} This is noone else's fault but the public's, because even now they voted for the morons who promise them money which they don't have. First, Greece needs to improve their productivity, then they can ask for more money, because for a long time they have been living like millionaires with the productivity of the unemployed. There is only one thing that will help...the new coalition will eventually bankrupt the country so bad, that people won't ask for 1800+ retirements, but they will ask for food coupons, so they don't starve. With the way...
Agree~
No one wants to supporting a lazy Greece.
If they do not change their life style, uh..., just wait to die~
  • #954,376
  • Jan 25, 2015 8:45pm Jan 25, 2015 8:45pm
Quoting Hyci
{quote} Agree~ No one wants to supporting a lazy Greece. If they do not change their life style, uh..., just wait to die~
all people are lazy. that's why the wheel was invented or the vibrator. lazy people are why we dont live in caves.. we were too lazy to walk, so we got a horse and so on. laziness led to many modern comforts
those who can, do. those who cant, talk about those who can
  • #954,377
  • Jan 25, 2015 8:49pm Jan 25, 2015 8:49pm
Quoting fxtyrant
{quote} which goes to my argument that Democracy maybe the downfall of civilization. democracy is potentially dangerouns because indeed people know that they want, but sometimes peopel want something too idealistic..... sometimes too much freedom can cause chaos.... with democracy, we give way to opposing views and where opposing views comes into play, nothing gets done..... because we balance out the "sides" so we become directionless.... i know this might sound hypocritical of me but we need a leader. the world needs a leader and a direction to...
I feel democracy is okay as a political system. Just not today's democracy. Democracy is not a solid brick, not changing since ancient Greece, it can be evaluated and improved which I hope for.

And I don't think there is a better solution at the moment
  • #954,378
  • Jan 25, 2015 8:49pm Jan 25, 2015 8:49pm
Quoting OnlineAddict
Maybe 1190-1200 again...then down to 1150-60 and then up to 1220-30.
Ok, we are down to 1150-60, lets see if it holds now for another possible bull spike, this time a higher one or if we break and close lower.
Everyone can see the chart, but only a few can actually read it.
  • #954,379
  • Jan 25, 2015 9:09pm Jan 25, 2015 9:09pm
nvm
  • #954,380
  • Jan 25, 2015 9:09pm Jan 25, 2015 9:09pm
Lowest since Sep 9 2003 1.1050. Before the rebound to 1.12.
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