Fiscal Union of the 12.5 trillion Euro+EU economy can re-start local manufacturing (part-time+full time) w/ just 3 trillion Euros :Wireless Broadband continent-wide+Solar-Wind-Wave-hybrid-electric-plug-in battery-fuel-cell-fusion+ advanced ELECTRIC POWER GRID SOLUTIONS :EU must be writing the algorithms/code+manufacturing locally the tools for practical daily applications,and with the best natural and organic foods,cooking oils,fruits and vegetables= balance+union. financialtools1.blogspot.com
@albomale thats another problem that countries have with eurobonds. it would mean all bonds are merged together to form a common eurobond. so basically a greek government bond is equivalent to a german bund. the problem with issuing these bonds is you should have a european finance ministry as well, that would regulate where the money borrowed money goes and thereby control countries taxes and debt levels. nothing seems to be working for greece so this european integration could become reality
@chillercm Greece was listed at 98% default a few days ago over at bloomberg news. Although I think they will default some time soon, I don't think they will be kicked out from EU. Doing so, would create a "panic-standard" for defaults that could be following Greece. So supposing Greece defaults and is kicked out from EU, any news following that seems to hint at another nation's default will create an overblown selloff and flight away from the Euro into other currencies
@albomale well Greece won't default this time, unless they really did absolutely nothing by the end of september. I assume you mean kicked out of the eurozone not the EU. You can't really kick countries out of the Eurozone. You have to stop giving them money and bailing them out so they have no choice but to print their own currency. I doubt other nations would default after greece. Banks would need to be recapitalized which would probably cost less than bailing out greece.
@bassemhaikal We are Germany. History tells us that NOTHING can destroy our economy. Not even two lost World Wars or the "unification" with a broke and fucked up country (East Germany). Either way, in the end we will be on top again. As always.
@angel2901 dammit i was gonna let this slide but i just can't. Germany has had its economy destroyed plenty of times. After each war it was completely wrecked. That's kind of why there were two... props for rebuilding it after 60 years but thats hardly a record. and it was hardly done without US aid
Why is the rent so high? Couldn't they be custodians of the building left behind by earlier students? What happened to performance and principals? If your sense of entitlement allows room for wast and bluffing, why should everybody else provide them with luxuries... they stole or coerced the wood, copper, silver not to mention GOLD from other counties. Europeans aren't kids, some of them are habitual liars. I feel the real problem is that new generations want the truth not exploitation.
If this was to be published in newspapers instead of all the technical lanaguage used to discribe thecurrent issues, people who don't now about macro-economics would understand the dilemma that Euro Union has to face.
Why don't they kick them out of the house. Ya you would pay their share of rent but at least you could have their rooms. Convert that into financial terms and thats my question...
@moscow666 I imagine because the EU is more than just a financial institution, it has to do with trade allowances, free movement and cultural exchange. If you just kicked out whoever's economy was underperforming, the EU charter would be worthless.
"Why don't they kick them out of the house?". There's another thing to add, out of this beautiful metaphore. If germany and france kick the piigs out of the house who is going to pay back all the money that french and german banks have lent to the piigs themselves. You betcha italy, if kicked out of the house, will not pay back its HALF TRILLION euro to northern banks. Hence north europe is screwed any way. If they don't save the pigs they gotta save the banks.
Sam and peg got in the house because they presented a false economy for the others in the house, otherwise sam and peg would have been kept out.
SGLP93 1 week ago
problem : sam and peg should of never been allowed in
midgetman8888 3 weeks ago
This has been flagged as spam show
Fiscal Union of the 12.5 trillion Euro+EU economy can re-start local manufacturing (part-time+full time) w/ just 3 trillion Euros :Wireless Broadband continent-wide+Solar-Wind-Wave-hybrid-electric-plug-in battery-fuel-cell-fusion+ advanced ELECTRIC POWER GRID SOLUTIONS :EU must be writing the algorithms/code+manufacturing locally the tools for practical daily applications,and with the best natural and organic foods,cooking oils,fruits and vegetables= balance+union. financialtools1.blogspot.com
financialtools1 4 months ago
can you guys please put "whiteboard" as the tag for your newer whiteboard videos so that they're easier to find...thanks :))
(and keep the videos coming...i've learned so much!)
xtinct2 6 months ago
Such a sad thing to see only 987 views. I had a question, and it may sound a bit stupid, but who would ISSUE the BONDS and who would BUY them?
albomale 6 months ago
@albomale thats another problem that countries have with eurobonds. it would mean all bonds are merged together to form a common eurobond. so basically a greek government bond is equivalent to a german bund. the problem with issuing these bonds is you should have a european finance ministry as well, that would regulate where the money borrowed money goes and thereby control countries taxes and debt levels. nothing seems to be working for greece so this european integration could become reality
chillercm 5 months ago
@chillercm Greece was listed at 98% default a few days ago over at bloomberg news. Although I think they will default some time soon, I don't think they will be kicked out from EU. Doing so, would create a "panic-standard" for defaults that could be following Greece. So supposing Greece defaults and is kicked out from EU, any news following that seems to hint at another nation's default will create an overblown selloff and flight away from the Euro into other currencies
albomale 5 months ago
@albomale well Greece won't default this time, unless they really did absolutely nothing by the end of september. I assume you mean kicked out of the eurozone not the EU. You can't really kick countries out of the Eurozone. You have to stop giving them money and bailing them out so they have no choice but to print their own currency. I doubt other nations would default after greece. Banks would need to be recapitalized which would probably cost less than bailing out greece.
chillercm 5 months ago
If John remains stubborn, He won't be able to get his degree.. the only solution is to go for Eurobonds while "watching over" Sam and Pig
John = Germany
Sue & Tim = France and Poland
Sam and Pig= Greece & Italy
bassemhaikal 6 months ago
@bassemhaikal Poland is not in the eurozone.
petrolbears 6 months ago
@petrolbears Oh, I think I wanted to say Spain.. thanks for correcting me
bassemhaikal 6 months ago
@bassemhaikal We are Germany. History tells us that NOTHING can destroy our economy. Not even two lost World Wars or the "unification" with a broke and fucked up country (East Germany). Either way, in the end we will be on top again. As always.
angel2901 3 months ago
@angel2901 dammit i was gonna let this slide but i just can't. Germany has had its economy destroyed plenty of times. After each war it was completely wrecked. That's kind of why there were two... props for rebuilding it after 60 years but thats hardly a record. and it was hardly done without US aid
icutad2 1 month ago in playlist Whiteboard with Your Mate Paddie Hirsch
Why is the rent so high? Couldn't they be custodians of the building left behind by earlier students? What happened to performance and principals? If your sense of entitlement allows room for wast and bluffing, why should everybody else provide them with luxuries... they stole or coerced the wood, copper, silver not to mention GOLD from other counties. Europeans aren't kids, some of them are habitual liars. I feel the real problem is that new generations want the truth not exploitation.
natitachulita 6 months ago
HAHA was getting Dajvu with the credit rating at first! Still excellent way of showing the finer points of finance
clodester 6 months ago
more! more!
preciousmetals168 6 months ago
If this was to be published in newspapers instead of all the technical lanaguage used to discribe thecurrent issues, people who don't now about macro-economics would understand the dilemma that Euro Union has to face.
elqtjode 6 months ago
Love ur videos thanks
CORRIGEEN71 6 months ago
very fast
aahalim75 6 months ago
Why don't they kick them out of the house. Ya you would pay their share of rent but at least you could have their rooms. Convert that into financial terms and thats my question...
moscow666 6 months ago
@moscow666 I imagine because the EU is more than just a financial institution, it has to do with trade allowances, free movement and cultural exchange. If you just kicked out whoever's economy was underperforming, the EU charter would be worthless.
freshasdida 6 months ago
"Why don't they kick them out of the house?". There's another thing to add, out of this beautiful metaphore. If germany and france kick the piigs out of the house who is going to pay back all the money that french and german banks have lent to the piigs themselves. You betcha italy, if kicked out of the house, will not pay back its HALF TRILLION euro to northern banks. Hence north europe is screwed any way. If they don't save the pigs they gotta save the banks.
Durchbrechen 6 months ago
john in this story is germany..
hiphopsocnroc 6 months ago 15