European War and Collapse...Possible, or Probable?
- Thread starter RexImperator
- Start date
Hypno
Crow
@nek, a typical bank is leverered 5-10 to 1. Most of the debt us owed to depositors. That's actually really bad because most of it is due on demand, and not committed for a fixed term. So the right hand side of the balance sheet is 80 or 90% liabilities, mostly deposit liabilities, and equity might make 10 to 20% of the balance sheet.
On the left hand side of the balance sheet are assets, loans and government bonds. So if your a French Bank, you could buy a German Bond at a price that pays you a negative return, or you could buy in Italian bond that pays you in above-market return. But if Italy leaves the Euro, they would do so for the sole purpose, or primary purpose, of devaluing their currency. If that happens, the bonds won't maintain value in Euros. They'll be repaid in Italian lira. the French banks will face big losses, and depending on the magnitude of those losses, could become insilvent.
Because Italy is part of the Euro system, they can't unilaterally devalue without leaving the Union.The euro currency is very strong relative to their economic conditions; if they want to jump start their economy, they need to devalue.
On the left hand side of the balance sheet are assets, loans and government bonds. So if your a French Bank, you could buy a German Bond at a price that pays you a negative return, or you could buy in Italian bond that pays you in above-market return. But if Italy leaves the Euro, they would do so for the sole purpose, or primary purpose, of devaluing their currency. If that happens, the bonds won't maintain value in Euros. They'll be repaid in Italian lira. the French banks will face big losses, and depending on the magnitude of those losses, could become insilvent.
Because Italy is part of the Euro system, they can't unilaterally devalue without leaving the Union.The euro currency is very strong relative to their economic conditions; if they want to jump start their economy, they need to devalue.
Thomas Jackson
Woodpecker
Has everyone read The Camp of the Saints? It really is prophetic, just got the group wrong.
ChicagoFire
Kingfisher
^^
Oh nice find! I just browsed the plot summary on wikipedia and it looks very interesting! Someone told me no go zones have been going on in Europe since the 80s so to lay out the problems of immigration even before that is spectacular.
I don't speak French and the low 90s aged author is on youtube giving interviews. Would be nice if some of you cheese eating surrender monkeys (I kid!) translate for this dumb American.
Slight tangent is these "Revelations" like stories have authors (like Harlan Ellison who wrote I Have No Mouth And I must Scream) that can offer further insight into their thinking decades down the line.
Oh nice find! I just browsed the plot summary on wikipedia and it looks very interesting! Someone told me no go zones have been going on in Europe since the 80s so to lay out the problems of immigration even before that is spectacular.
I don't speak French and the low 90s aged author is on youtube giving interviews. Would be nice if some of you cheese eating surrender monkeys (I kid!) translate for this dumb American.
Slight tangent is these "Revelations" like stories have authors (like Harlan Ellison who wrote I Have No Mouth And I must Scream) that can offer further insight into their thinking decades down the line.
sterling_archer said:
Why? The "Elites" brought in Christianity to rule European tribes, and now Europeans have absorbed Christianity into something of their own so why would the "Elites" not attempt it again with something a little stronger...
AntiMediocrity
Woodpecker
Thomas Jackson said:
I finished reading it this year. Took a while, I procrastinate on books and I had to put it down occasionally just as how shocking (read: accurate) it was. I wish regular folks read it, and saw the similarities.
Polniy_Sostav said:
Turkey as #4 is the one the Germans should be really worried about. The diaspora into Germany over the past 50 years has taken its toll and in my estimation it would take less than three days for Turkey to execute its own version of the Anschluss, just with the difference that the remaining Germans wouldn't get to vote on it but instead be wiped out in the ensuing shuffle.
Germany's military has been completely eviscerated by ultra-liberal policy makers over the past 20 years and police forces have been declawed and demoralized. It's a very juicy fruit waiting to be picked and I'm confident Erdogan has already plans in place for when he deems the time to be right.
Love or hate the United States, it was extremely stupid for the Germans to break ties with Trump and to openly demonize him. Should he get a 2nd term they just may find themselves up shit's creek: politically isolated in Europe, with open borders, inundated with hostile military age men, a crashing economy, not in control of their currency, and to make matter's worse without a functioning military.
void
Pelican
redpillage said:
You imply the USA are allies of Germany. This is wrong.
Germany is an economic competitor of USA.
Germany is still a basically occupied country of the American empire and lost it's purpose with the fall of the iron curtain/Berlin wall.
West-Germany was allowed to prosper as insurance against Sowjet Union.
See South-Korea.
After 1990 everything started going downhill and they started the EU(SSR) project with the Euro-currency.
I think Germany is still engineered to be the next battlefield in the upcoming conflicts and was strategically weakend since 1990.
The refugee crisis and flooding of Europe/Germany was orchestrated by either USA and/or the powerful elite of banksters.
Usury demands blood.