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Belfast Boy

China And U S Take Opposite Views On Europe's Debt Crisis

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http://www.thisislondon.co.uk/standard-business/article-23837195-china-and-us-take-opposite-views-on-europes-debt-crisis.do

Investors remain concerned about whether Europe has the political will to rein in bulging government deficits and tackle sluggish growth, despite the setting up of a €750 billion safety net to stabilise the single currency.

“Europe is trying to solve a debt problem with further debt,” said Domenico Lombardi, president of the Oxford Institute for Economic Policy.

... or have they just delayed the problem. Governments bailout banks, ECB and IMF bail out governments... who bails out the ECB and IMF? :unsure:

China's state planning commission seemed less optimistic, saying today that the crisis would affect demand of goods from the country. Yesterday finance minister Xie Xuren warned Europe's debt woes could hit other regions.

The UK is a big sitting duck waiting to be hit. What are the markets waiting for? :huh:

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To be fair as money is issued via debt, the only option they have to solve a debt crisis is to issue more debt.

What's needed is a radical overhaul of the monetary system, however that would be an admission that the current one is one huge ponzi fraud.

Instead we will probably see currency collapse as they try and print more debt to pay off the existing debt. Exponential growth appears to have caused a bit of a problem, the leverage against future economic growth appears to have become somewhat imbalanced.

The markets don't want to move or believe the truth because the current system will collapse. We have systemic failure and no one wants to be the one to bring down the house of cards.

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http://www.thisislondon.co.uk/standard-business/article-23837195-china-and-us-take-opposite-views-on-europes-debt-crisis.do

... or have they just delayed the problem. Governments bailout banks, ECB and IMF bail out governments... who bails out the ECB and IMF? :unsure:

The UK is a big sitting duck waiting to be hit. What are the markets waiting for? :huh:

The other alternatives to further debt are :-

1. Currency devaluation

2. Interest rate rises

But, of course, such measures are not open to countries which slavishly

join the Eurozone and relinquish such rights to bombastic nonentities in

Brussels who couldn't rouse themselves communally to organise

a rice pudding.

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  • 150 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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