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Author Topic: 11 countries close to bankruptcy.......  (Read 5273 times)
qwerty555
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August 05, 2014, 12:32:20 PM
Last edit: August 05, 2014, 12:43:38 PM by qwerty555
 #41

JP Morgan knows lots and lots and lots and lots we dont know about

and what we do know about they knew long before we did ( most probably LOL)

http://www.propublica.org/article/jpmorgans-connections-to-the-house-finance-committee

and their rap sheet shows ..no prison sentences  multi billion $ issues    when you can just buy your way out of trouble  at a percentage  of what you made is the Philosophy.. cost of doing bizniz  I wonder?

http://www.corp-research.org/jpmorganchase



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August 05, 2014, 12:37:12 PM
 #42


Here is the list if someone want is reluctant to check the article...

1. Ecuador
2. Egypt
3. Pakistan
4. Venezuela
5. Argentina
6. Belize
7. Cuba
8. Cyprus
9. Greece
10. Jamaica
11. Ukraine


How did they forget places like Ireland, Portugal and Spain? Ireland is predicted to have about a 40% year over year chance of becoming bankrupt.

Because 11 is a really low number. Isn't this a list of the 11 most likely?
I don't know much about Jamaica, Ukraine or Belize, but 40% annual chance of going bankrupt seems like it would make the top 10. Unless this article is basing it off of Debt % of GDP.

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August 05, 2014, 12:45:00 PM
 #43

JP Morgan knows lots and lots and lots and lots we dont know about

and what we do know about they knew long before we did ( most probably LOL)

http://www.propublica.org/article/jpmorgans-connections-to-the-house-finance-committee





Thanks for that article. Besides all the connections JPM has, these comments are the ones I found most interesting.


"JPMorgan Chase CEO Jamie Dimon is on Capitol Hill again today, this time to talk to the House Financial Services committee about the bank's recent multibillion-dollar trading loss. ...His Senate hearing was hardly a grilling; senators mostly praised him for his "emphasis on continuous quality improvement," in the words of Senator Jim DeMint, R-S.C. " -- Basically, we called you here to investigate why these losses took place, but instead....lets just complement you on your work ethic.

"Jamie Dimon sits on the board of the New York Federal Reserve — something that's prompted a proposed bill from Democratic senators that would ban officials of banks that can receive loans from the Fed from serving on any of its boards. JPMorgan and 17 other banks whose execs served on regional Fed boards got emergency loans from the Fed between 2007 and 2009. A government report found no evidence of conflict of interest from the arrangement, but did raise the concern of "reputational risks" from the appearance of one. " --JPM CEO sits on NY Federal reserve board and received emergency loans from the Fed back during the subprime crisis. I wonder if the fed gave these loans out to many corporations or if there was any JPM favoritism (not that it really matters after the bailouts).

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qwerty555
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August 05, 2014, 01:02:48 PM
Last edit: August 05, 2014, 01:15:24 PM by qwerty555
 #44

Yes..regretfully the system is "cooked' and openly so

http://www.zerohedge.com/news/2014-08-04/another-settlement-%E2%80%93-jp-morgan-receives-slap-wrist-despite-years-fraudulent-cftc-dat


the most stunning controversy occurred back in 2010 when a retiring judge accused the other remaining judge of being a total bought and paid for Wall Street crony.

The retiring judge was George Painter, who accused fellow judge Bruce Levine of not once ever ruling in favor of an investor in his 20 years on the bench.

and so no one thinks I am just picking on poor old JP  here ared 2 other rap sheets that read similarly

WHY do these twits still have a banking license..if you break traffic laws they take your license away !!!


http://www.corp-research.org/goldman-sachs

http://www.corp-research.org/citigroup
kutaka
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August 05, 2014, 01:22:41 PM
 #45

Big guy can get away with much more than small guy. It is so and it's been so for last few thousands of years.
qwerty555
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August 05, 2014, 01:33:02 PM
 #46

Big guy can get away with much more than small guy. It is so and it's been so for last few thousands of years.

yes..occasionally it is reversed..French revolution..Oliver Cromwell..chairman Mao but human nature is what it is and will continue to be so for the foreseeable future

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August 05, 2014, 07:19:07 PM
 #47

Big guy can get away with much more than small guy. It is so and it's been so for last few thousands of years.

yes..occasionally it is reversed..French revolution..Oliver Cromwell..chairman Mao but human nature is what it is and will continue to be so for the foreseeable future


French revolution is probably the most brutal event that ever happen to the ruling class for the west.

Other culture (ie China) revolution is more used to having the whole emperor family getting slaughtered by warlords.
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August 05, 2014, 07:51:31 PM
 #48


Here is the list if someone want is reluctant to check the article...

1. Ecuador
2. Egypt
3. Pakistan
4. Venezuela
5. Argentina
6. Belize
7. Cuba
8. Cyprus
9. Greece
10. Jamaica
11. Ukraine


How did they forget places like Ireland, Portugal and Spain? Ireland is predicted to have about a 40% year over year chance of becoming bankrupt.

Because 11 is a really low number. Isn't this a list of the 11 most likely?
I don't know much about Jamaica, Ukraine or Belize, but 40% annual chance of going bankrupt seems like it would make the top 10. Unless this article is basing it off of Debt % of GDP.

Argentina just defaulted (so 100% chance) and Ukraine was already fucked before the civil war started. I'm not too sure about the odds of the others.
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August 05, 2014, 08:21:24 PM
 #49

Zimbabwe  not in the list?

They recovered from that inflation, or they are in the already in bankruptcy list?
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August 05, 2014, 09:37:52 PM
 #50

I would add all the Euro zone to this list.

When they unified their coin, they gave up their monetary decisions to a supra-national entity, so pretty much if one falls, the other will follow.


And there are not few countries in the zone with problems, bigger or smaller(Greece, Portugal, France, Italy, Spain, etc...)


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August 29, 2014, 02:40:02 PM
 #51

It's true that it does seem that fiat is collapsing and at some point it may but the way things are now I do not see bitcoin as of yet getting us out of any kind of mess if fiat did collapse.
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August 29, 2014, 02:46:38 PM
 #52

Their only hope = adopting BTC or death.
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August 29, 2014, 04:31:02 PM
 #53

Zimbabwe  not in the list?

They recovered from that inflation, or they are in the already in bankruptcy list?

Maybe they weren't even good enough to get international debt issued, forget defaulting on it.  Grin
giveBTCpls
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August 29, 2014, 05:05:45 PM
 #54

Spain is also raking up debt at rampant speeds. Surprised is not even mentioned on there.

wasserman99
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August 29, 2014, 05:41:30 PM
 #55


Here is the list if someone want is reluctant to check the article...

1. Ecuador
2. Egypt
3. Pakistan
4. Venezuela
5. Argentina
6. Belize
7. Cuba
8. Cyprus
9. Greece
10. Jamaica
11. Ukraine


How did they forget places like Ireland, Portugal and Spain? Ireland is predicted to have about a 40% year over year chance of becoming bankrupt.

Because 11 is a really low number. Isn't this a list of the 11 most likely?
I don't know much about Jamaica, Ukraine or Belize, but 40% annual chance of going bankrupt seems like it would make the top 10. Unless this article is basing it off of Debt % of GDP.

Argentina just defaulted (so 100% chance) and Ukraine was already fucked before the civil war started. I'm not too sure about the odds of the others.
Argentina is in default but they still have tax revenue and foreign country reserves. The only real difference between pre and post default argentina is the fact that they no longer have access to the capital markets, but they already really did not have access because of their known unwillingness to honor their debt.

Wooden Plate
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August 31, 2014, 05:05:26 PM
 #56

It's a nice thought, but economically speaking, even if massively adopted, BTC couldn't save a country from bankruptcy. A currency that they cannot control wouldn't become the primary currency of a failing economy
Exactly,a country's falling economy has certain conditions,say political instability or due to ongoing conflicts.Adoption of decentralized currency wouldn't do any good
dadugan
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August 31, 2014, 06:05:55 PM
 #57

It's a nice thought, but economically speaking, even if massively adopted, BTC couldn't save a country from bankruptcy. A currency that they cannot control wouldn't become the primary currency of a failing economy
Exactly,a country's falling economy has certain conditions,say political instability or due to ongoing conflicts.Adoption of decentralized currency wouldn't do any good

Right. If the country can not manage their own currency, converting it to bitcoin will not magically solve their problems.

The county needs live within its mean and pay off their external and internal debt. Produce something the rest of the world want.
Kickstart4
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August 31, 2014, 08:02:35 PM
 #58

No they are no going to be completely bankrupted just a fluctuation on their economy on regards to their countries political ecosystem
devphp
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September 01, 2014, 08:57:29 AM
 #59

It's a nice thought, but economically speaking, even if massively adopted, BTC couldn't save a country from bankruptcy. A currency that they cannot control wouldn't become the primary currency of a failing economy
A currency that's actually useable & trusted by the people is better than the debasement of banks & greed of government officials.

How would that be different in BTC, where you have greed of early adopters controlling tens of thousands of BTC and effectively being able to manipulate currency acting as central banks?

A better way would be some sort of PoS crypto split equally between all countries according to their population numbers, or even better, split equally between all individuals.

But both plans are utopia anyway, not worth writing a few words about.
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September 01, 2014, 03:02:57 PM
 #60

it's banks fault, they know that it was coming, and they did nothing, hope those bank can fuck off and accept bitcoin as a universal payment.
they should come up with a alternative inflationary/deflationary system
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