Greece : Right or Wrong to hold Referendum ?

6 Nov 2011

Quote by GnV
snip...
Also, a huge portion of the West's debt is owed to China and I don't see the West taking China on anytime soon.

Interesting thought there.
When 'dubbya' was standing for re-election (his second term) there was a great deal of controversy in the States (I was there at the time) about his ability such as is the discussion now about Obama.
The general consensus at the time was that the American people never vote a President out of office if there's a war going on.
Currently, (other than few bits left over from the last Administration) there is no war going on so BA is exposed.
He has 12 months to start one - hands up with suggestions as to where he might decide to start one.
North Korea? That would get the Chinese going somewhat :grin:
john McCain recently added china and russia to the list......
no wars going on at the moment in afghanistan, iraq, libya, syria, yemen, somalia, northern pakistan....drums beating over israels green light to bomb iran....i must be dreamin.... the west's indebtedness to china and the brics is being inflated away, thats why china is buying gold to preserve is dollar reserves.

6 Nov 2011

Quote by gulsonroad30664
[ john McCain recently added china and russia to the list......
no wars going on at the moment in afghanistan, iraq, libya, syria, yemen, somalia, northern pakistan....drums beating over israels green light to bomb iran....i must be dreamin.... the west's indebtedness to china and the brics is being inflated away, thats why china is buying gold to preserve is dollar reserves.

Do you really believe that the USA will attack China? Keep on dreaming?
Are you sure that the reason China is buying gold is to preserve it's dollar reserves? From what I've read it may well be a move to weaken the dollar and replace it with the Yuan as the worlds reserve currency. I'm quoting the following paragraph.
"Buying gold and allowing the yuan to be traded freely would weaken the US dollar's dominance as the international reserve currency. The move would have major implications, making it more expensive for the US government to borrow money and to run perpetual trade and budget deficits"
At August 2011, China was the largest holder of USA government bonds, holding some $1137 billion dollars, followed by Japan with $927 billion.
China's trade with the USA is some net $270 billion per year ( exports less imports)
Please explain how a debt of $1137 billion (and growing) is being inflated away.

6 Nov 2011

Quote by GnV
lets blame the fussiewussies cos they is sittin on oil......

Last time I used that expression, it ended in a ban :shock:
I thought he was a bear dunno

6 Nov 2011

Quote by Bluefish2009
lets blame the fussiewussies cos they is sittin on oil......

Last time I used that expression, it ended in a ban :shock:
I thought he was a bear dunno

'twas a term of endearment used by Corporal whatsit in Dad's Army (the series) to describe the ones with fuzzy hair styles and an off white skin colour.....

6 Nov 2011

Quote by GnV
lets blame the fussiewussies cos they is sittin on oil......

Last time I used that expression, it ended in a ban :shock:
I thought he was a bear dunno

'twas a term of endearment used by Corporal whatsit in Dad's Army (the series) to describe the ones with fuzzy hair styles and an off white skin colour.....
Oh, I see

6 Nov 2011

Quote by Bluefish2009
lets blame the fussiewussies cos they is sittin on oil......

Last time I used that expression, it ended in a ban :shock:
I thought he was a bear dunno

'twas a term of endearment used by Corporal whatsit in Dad's Army (the series) to describe the ones with fuzzy hair styles and an off white skin colour.....
Oh, I see
always happy to oblige Blue :grin:

6 Nov 2011

Quote by Max777

afracom is designed to militarily prevent china from obtaining minerals and energy/fuel from trade with africa. when you increase the amount of money, you deflate it's value. elementary fiscal principles max. all currencies are falling in value correspondingly with there increasing volume. china is therefore already under attack. that's what the occupation/wars/destruction of eurasia is all about.
but not to worry, i dont know what i'm talking about, just make it all up or troll it off the net or from those web sites you claim i adhere to.

6 Nov 2011

Quote by gulsonroad30664

afracom is designed to militarily prevent china from obtaining minerals and energy/fuel from trade with africa. when you increase the amount of money, you deflate it's value. elementary fiscal principles max. all currencies are falling in value correspondingly with there increasing volume. china is therefore already under attack. that's what the occupation/wars/destruction of eurasia is all about.
but not to worry, i dont know what i'm talking about, just make it all up or troll it off the net or from those web sites you claim i adhere to.
OK Gulson, seeing as how it's elementary fiscal principles......by how much would the USA have to increase its money supply in order to deflate its debt to China? Come on...for once actually try and back up your claims.

7 Nov 2011

Quote by Max777
OK Gulson, seeing as how it's elementary fiscal principles......by how much would the USA have to increase its money supply in order to deflate its debt to China? Come on...for once actually try and back up your claims.

i am totaly and utterly lost with that question. lol

this thred is now invalid as greece are doing what this country did!
they said they would give the peeple a referendum but then took that away.
politicains eh? are they not a bunch of tosser wankers?
and more importantly they are all the fucking same. liars and thieves.
i had to stop watching question time as i wanted to throw large objects at my telly, and it made my skin crawl with all the lies and liquid manure that comes out of all there mouths. :twisted:

7 Nov 2011

Well, in France today, the French PM has announced fiscal austerity measures to avoid losing their triple A rating by, amongst other things, raising VAT (known as TVA in France) from 5.5% to 7%.
I just don't get it. I have a pension which is worth, say, 500€/month. That is all I get, nothing more and no opportunity to increase it. So then, when doing my shopping, I will spend no more than I am now. Result - traders get less cash on which to pay taxes, Government gets slightly more of the slice of cake. Final result - probably less cash into the Government coffers.
Now then; both Barack Obama and David Cameron were elected on the basis of reducing big government to little government. Nicolas Sarkozy on a similar ticket. None of them have achieved their goals set out before they were elected.
The European Commission is an unelected unaccountable bunch of hangers-on costing Europe billions. Just look at Baroness Ashton's budget for the European Foreign Affairs brief which nobody can challenge!
The simplest way out of the European crisis is to dump the Commission as unceremoniously and quickly as possible in order to avoid further problems with Greece and Italy particularly and save the Union from further problems. The alternative is dump all of the Governments of the States forming the Union and have one European Parliament.
I'm a committed European. I favour dumping the Commission.

7 Nov 2011

Quote by GnV
Well, in France today, the French PM has announced fiscal austerity measures to avoid losing their triple A rating by, amongst other things, raising VAT (known as TVA in France) from 5.5% to 7%.

That's not the Standard Rate of VAT though GNV, which I belive is very similar to the UK's. What is that reduced rate applied to? Is it energy costs, the same as here in the UK?

7 Nov 2011

Quote by starlightcouple

OK Gulson, seeing as how it's elementary fiscal principles......by how much would the USA have to increase its money supply in order to deflate its debt to China? Come on...for once actually try and back up your claims.

i am totaly and utterly lost with that question. lol

Ah but it should be easypeasy for Gulson, it being simple fiscal principles and all that wink

7 Nov 2011

Quote by Max777

OK Gulson, seeing as how it's elementary fiscal principles......by how much would the USA have to increase its money supply in order to deflate its debt to China? Come on...for once actually try and back up your claims.

i am totaly and utterly lost with that question. lol

Ah but it should be easypeasy for Gulson, it being simple fiscal principlesand all that wink

Is that anything like a fiscfull of Dollars?

7 Nov 2011

Quote by Bluefish2009

OK Gulson, seeing as how it's elementary fiscal principles......by how much would the USA have to increase its money supply in order to deflate its debt to China? Come on...for once actually try and back up your claims.

i am totaly and utterly lost with that question. lol

Ah but it should be easypeasy for Gulson, it being simple fiscal principlesand all that wink

Is that anything like a fiscfull of Dollars?

As Gulson was talking about inflation, it should be A few Dollars More ( or less, for the pedants) :lol:

7 Nov 2011

Quote by Max777

OK Gulson, seeing as how it's elementary fiscal principles......by how much would the USA have to increase its money supply in order to deflate its debt to China? Come on...for once actually try and back up your claims.

i am totaly and utterly lost with that question. lol

Ah but it should be easypeasy for Gulson, it being simple fiscal principlesand all that wink

Is that anything like a fiscfull of Dollars?

As Gulson was talking about inflation, it should be A few Dollars More ( or less, for the pedants) :lol:
:laughabove::laughabove::laughabove::laughabove:

7 Nov 2011

Quote by Max777
Well, in France today, the French PM has announced fiscal austerity measures to avoid losing their triple A rating by, amongst other things, raising VAT (known as TVA in France) from 5.5% to 7%.

That's not the Standard Rate of VAT though GNV, which I belive is very similar to the UK's. What is that reduced rate applied to? Is it energy costs, the same as here in the UK?
French TVA rates
They don't show the new rates of course but those items on the 5,5% rate are the ones moving up, one presumes.

7 Nov 2011

Quote by GnV
Well, in France today, the French PM has announced fiscal austerity measures to avoid losing their triple A rating by, amongst other things, raising VAT (known as TVA in France) from 5.5% to 7%.

8 Nov 2011

Quote by Max777
Cheers GNV......sounds as if it's even a more complex tax over there!

There are whole armies of functionaries administering the tax system in France; most seem to be semi autonomous in their interpretation of the rules!
But, what would France be without her little foibles eh?