The Virtual Pub
Come Inside... => The Commons => Topic started by: Barman on January 13, 2012, 04:24:22 PM
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Reports of an imminent S&P downgrade of several eurozone nations - including AAA-rated France - triggers sharp fall in euro, knocks stock markets and pushes eurozone borrowing costs higher.
And so it begins...? rubschin:
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Yup. Good.
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Coming soon: Germany invades France. France surrenders.
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...fer a change, like...
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Announcement due 8pm tonight ... after the markets have shut up shop for the weekend no doubt rubschin:
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Kerching! It's a game of skittles this weekend whistle:
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Country Old Rating New Rating Cut
Austria AAA AA+ One notch, loses top rating
Belgium AA AA None
Cyprus BBB BB+ Two notches to junk
Estonia AA- AA- None
Finland AAA AAA None
France AAA AA+ One notch, loses top rating
Germany AAA AAA None
Ireland BBB+ BBB+ None
Italy A BBB+ Two notches
Luxembourg AAA AAA None
Malta A A- One notch
Netherlands AAA AAA None
Portugal BBB- BB Two notches to junk
Slovakia A+ A One notch
Slovenia AA- A+ One notch
Spain AA- A Two notches
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Junk! lol:
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rubschin: What I want to know is who has all the friggin munny then?
I mean someone must have it ~ why don't we just take it?
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rubschin: What I want to know is who has all the friggin munny then?
I mean someone must have it ~ why don't we just take it?
Well I haven't got it.... noooo:
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rubschin: What I want to know is who has all the friggin munny then?
I mean someone must have it ~ why don't we just take it?
Well I haven't got it.... noooo:
I know that but historically if one country had something that other countries didn't then those without simply declared a war and took whatever they wanted. In this case it seems to me that certain banks and individuals have grabbed all the munny and are lending back it to those without. So don't pay it back ~ what are they going to do about it eh?
OK, Dress it up and call it default if you like but if Greece (for example) defaults on its debts. What are the rest going to do? Invade Greece and seize ......... what? ~ A few goats and some olives? Shrugs:
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rubschin: What I want to know is who has all the friggin munny then?
I mean someone must have it ~ why don't we just take it?
Well I haven't got it.... noooo:
I know that but historically if one country had something that other countries didn't then those without simply declared a war and took whatever they wanted. In this case it seems to me that certain banks and individuals have grabbed all the munny and are lending back it to those without. So don't pay it back ~ what are they going to do about it eh?
OK, Dress it up and call it default if you like but if Greece (for example) defaults on its debts. What are the rest going to do? Invade Greece and seize ......... what? ~ A few goats and some olives? Shrugs:
Yes, the basic problem is that all this munny doesn't actually exist at all... it is just 0s and 1s inside computers... And the 'value' of the 0s and 1s greatly exceeded the value of the held assets many years ago...
I think if Greece defaults they'll just unplug the computer, plug it in again and start all over.... lol:
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rubschin: What I want to know is who has all the friggin munny then?
I mean someone must have it ~ why don't we just take it?
Well I haven't got it.... noooo:
I know that but historically if one country had something that other countries didn't then those without simply declared a war and took whatever they wanted. In this case it seems to me that certain banks and individuals have grabbed all the munny and are lending back it to those without. So don't pay it back ~ what are they going to do about it eh?
OK, Dress it up and call it default if you like but if Greece (for example) defaults on its debts. What are the rest going to do? Invade Greece and seize ......... what? ~ A few goats and some olives? Shrugs:
Yes, the basic problem is that all this munny doesn't actually exist at all... it is just 0s and 1s inside computers... And the 'value' of the 0s and 1s greatly exceeded the value of the held assets many years ago...
I think if Greece defaults they'll just unplug the computer, plug it in again and start all over.... lol:
Exactly! And if we all did that then Bill Gates would end up with the same as me .... Fvck All! cloud9:
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rubschin: What I want to know is who has all the friggin munny then?
I mean someone must have it ~ why don't we just take it?
China and the oil producing Middle East countries hold much of the debt.
But then again pension funds hold government bonds, we have national savings , premium bonds and such so I guess we hold some of our own debt. eeek:
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rubschin: What I want to know is who has all the friggin munny then?
I mean someone must have it ~ why don't we just take it?
China and the oil producing Middle East countries hold much of the debt.
But then again pension funds hold government bonds, we have national savings , premium bonds and such so I guess we hold some of our own debt. eeek:
Sh*t! doh: I just knew someone with common sense would come along and ruin my cunning plan.
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rubschin: What I want to know is who has all the friggin munny then?
I mean someone must have it ~ why don't we just take it?
China and the oil producing Middle East countries hold much of the debt.
But then again pension funds hold government bonds, we have national savings , premium bonds and such so I guess we hold some of our own debt. eeek:
Sh*t! doh: I just knew someone with common sense would come along and ruin my cunning plan.
Oi! cussing:
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rubschin: What I want to know is who has all the friggin munny then?
I mean someone must have it ~ why don't we just take it?
China and the oil producing Middle East countries hold much of the debt.
But then again pension funds hold government bonds, we have national savings , premium bonds and such so I guess we hold some of our own debt. eeek:
Sh*t! doh: I just knew someone with common sense would come along and ruin my cunning plan.
Oi! cussing:
WOT? You wuz going to in charge of gubbing the 'puters.
Strictly on the principle that if you want a job doing get an expert in of course.
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rubschin: What I want to know is who has all the friggin munny then?
I mean someone must have it ~ why don't we just take it?
China and the oil producing Middle East countries hold much of the debt.
But then again pension funds hold government bonds, we have national savings , premium bonds and such so I guess we hold some of our own debt. eeek:
Sh*t! doh: I just knew someone with common sense would come along and ruin my cunning plan.
Oi! cussing:
WOT? You wuz going to in charge of gubbing the 'puters.
Strictly on the principle that if you want a job doing get an expert in of course.
Oh... cloud9: