Summary: The Euro AND the Dollar will eventually collapse. We have fractional reserve banking in the world and fiat currencies which will inevitably lead to a total breakdown. Europe AND the USA are in the same boat. If you do not understand that this shit is caused by international banksters, it is time to wake up. Many European countries should be rated C, just like The United States of America, which is the biggest debtor nation in the history of mankind. Within three years it is game over.
BANK RUN -TRINIDAD AND TOBAGO.CARIBBEAN. WEST INDIES, REPUBLIC , ROYAL , FIRST CITIZEN and SCOTIABANK . Customers are simultaneously closing their accounts fearing imminent bankruptcy and insolvency. Already collapsed in the same countries two large banking institutions CLICO and HCU. [ Global News Network ]--
Downgrade of Debt Ratings Underscores Europe's Woes
Jan-13-2012--PARIS - Standard & Poor's downgraded the credit ratings of France, Italy and seven other European countries on Friday, a move that may have more symbolic than fundamental financial impact but served as a reminder that Europe's economic woes were far from over.
AAA rating, cut a notch to AA+, was “not good news” but was “not a catastrophe.”
My question is this... How could any of them have anything above junk bond?! They are all in debt beyond all relief. But really, what does it matter when the credit rating agencies are committing fraud on a monthly basis...
Marc is correct about Europe State. Euro is a complete disaster. Some people believe that France is in better shape then US. They are wrong. Even Germany through exposure to Greece, Spain, Italy is in bad shape. Fed is already bailing out Europe through credit line swaps. USD has just one way in correlation to the other currencies: up! China will go down: building ghost towns and empty malls is not a good way to grow the economy.
@silverybug It's a messy project, since it's a halfbuilt project, but politically and fiscally, the EZ is slowly committing to changes that will build a Union with much greater stability. It will take time, but at least they are responding the their problems. The US is a complete mess on the other hand, and politically is a complete disaster waiting to happen. Near 50 million American on foodstamp and millions under water on their home mortages? The FEDs only response - inflation.
@joqhernandez Do you really believe that Sweden is better off then US? How about Holland 120% loans practice to finance real-estate? Farmers were leaving country and moving to New Zealand and US because of the regulation and land prices. How about Belgium? France is great? It's probably bigger welfare state then US. All Europe (including Eastern) had real-estate bubble. And loans were made in Euro, Swiss Francs, and USD. Repayment of Debt charted in fiat is creating the demand for paper money
Central banks eliminated by armed revolt....AAA. More stupid mainstream media bs ignoring Ron Paul and the goldman crooks involved....F- Any questions? now claaaass!
The US is a fiscal and political train wreck, with the highest net debt ever achieved by a nation in peace time. Europe is way ahead, but it will be a painful process politically, but I am sure EU will come out very strong. As far as the US dollar is concerned, it is steadily losing it's value. The FEDs policy is based on inflation and the creation of new money. They can keep that policy for a while since the usd is enjoying the status as a world currency, but for how long? years? a decade?
It is strange, in europe we do trust the euro, of course after the metals ... As Schiff says US dollar is in a much worst shape and I really to believe that
@dinometu Yea whats keeping it alive now is the fact that it is the reserve currency but i dont think for much longer. Give it a few years all those talks in the Asian countries about switching to another currency wont be talks anymore if america keeps going the way it is.
what is that stupid "sparkley" noise i keep hearing on CNBC?
kwg2005 1 month ago 2
Comment removed
TWSceptic 1 month ago
propaganda.. wake up sheep
accd1d 1 month ago
Marc Faber is always great, but what's with these annoying sounds and frantic changes of frames on the video? Hard to listen.
LadaRay 1 month ago
Summary: The Euro AND the Dollar will eventually collapse. We have fractional reserve banking in the world and fiat currencies which will inevitably lead to a total breakdown. Europe AND the USA are in the same boat. If you do not understand that this shit is caused by international banksters, it is time to wake up. Many European countries should be rated C, just like The United States of America, which is the biggest debtor nation in the history of mankind. Within three years it is game over.
robert4you 1 month ago
@mikailmari eat shit goat fucker
vambo13257 1 month ago
This has been flagged as spam show
BANK RUN -TRINIDAD AND TOBAGO.CARIBBEAN. WEST INDIES, REPUBLIC , ROYAL , FIRST CITIZEN and SCOTIABANK . Customers are simultaneously closing their accounts fearing imminent bankruptcy and insolvency. Already collapsed in the same countries two large banking institutions CLICO and HCU. [ Global News Network ]--
shoeupon67 1 month ago
"Euro's trend is down".... Brilliant.
pismo10 1 month ago
she should do her reports in the nude. bet she looks good naked rubbing herself with a giant kilbasa
toejam390 1 month ago
Marc Faber - CNBC 13 January 2012
Downgrade of Debt Ratings Underscores Europe's Woes
Jan-13-2012--PARIS - Standard & Poor's downgraded the credit ratings of France, Italy and seven other European countries on Friday, a move that may have more symbolic than fundamental financial impact but served as a reminder that Europe's economic woes were far from over.
AAA rating, cut a notch to AA+, was “not good news” but was “not a catastrophe.”
INFO-AWARENESS - VIKEN Z KOKOZIAN
88888FORCE 1 month ago
USA - junk
delatroy 1 month ago 15
Ireland = shit.....
CNEBEARZ 1 month ago
Why do they add sound effects every time they change the charts ?!
Anyway, here's the solution for ALL nations...
The people of all nations need to take their governments BACK from the banks and tell them,
"Fuck off, we don't owe you fuckers ANYTHING !"
johnnycaboosehead 1 month ago 2
Comment removed
unisailor 1 month ago
Who even listens to S%P?
Getthefuckoffmylawn 1 month ago
Maria B. you're talking bull crap girl.
JanRichardus 1 month ago
My question is this... How could any of them have anything above junk bond?! They are all in debt beyond all relief. But really, what does it matter when the credit rating agencies are committing fraud on a monthly basis...
clearasvodka 1 month ago
Junk Bond corresponds to BBB-
Marc is correct about Europe State. Euro is a complete disaster. Some people believe that France is in better shape then US. They are wrong. Even Germany through exposure to Greece, Spain, Italy is in bad shape. Fed is already bailing out Europe through credit line swaps. USD has just one way in correlation to the other currencies: up! China will go down: building ghost towns and empty malls is not a good way to grow the economy.
silverybug 1 month ago
@silverybug It's a messy project, since it's a halfbuilt project, but politically and fiscally, the EZ is slowly committing to changes that will build a Union with much greater stability. It will take time, but at least they are responding the their problems. The US is a complete mess on the other hand, and politically is a complete disaster waiting to happen. Near 50 million American on foodstamp and millions under water on their home mortages? The FEDs only response - inflation.
joqhernandez 1 month ago
This has been flagged as spam show
@joqhernandez
what do you know about Europe and China? Have you travelled there?
silverybug 1 month ago
@silverybug I live in Europe, in Sweden.
joqhernandez 1 month ago
@joqhernandez Do you really believe that Sweden is better off then US? How about Holland 120% loans practice to finance real-estate? Farmers were leaving country and moving to New Zealand and US because of the regulation and land prices. How about Belgium? France is great? It's probably bigger welfare state then US. All Europe (including Eastern) had real-estate bubble. And loans were made in Euro, Swiss Francs, and USD. Repayment of Debt charted in fiat is creating the demand for paper money
silverybug 1 month ago
@joqhernandez
h**p://globaleconomicanalysis.blogspot.com/2012/01/graphical-representations-of-bernankes.html
silverybug 1 month ago
@joqhernandez Well !!!! NO SHIT. Want a medal with that too? Or perhaps a sweedish blowjob.
bmw803 1 month ago
Central banks eliminated by armed revolt....AAA. More stupid mainstream media bs ignoring Ron Paul and the goldman crooks involved....F- Any questions? now claaaass!
rotagen5 1 month ago
Gold 2012
pokemonyu 1 month ago
Shit just got real.
pentium2028 1 month ago
So the core is crumbling.... Europe is ready to brake and crack. Buy gold and silver boys because this will start a 20 year crisis.
Econofresh 1 month ago
France is in far worse shape than the US? What an ignorant cunt. Does she even understand the scale of the US debt?
TWSceptic 1 month ago
The US is a fiscal and political train wreck, with the highest net debt ever achieved by a nation in peace time. Europe is way ahead, but it will be a painful process politically, but I am sure EU will come out very strong. As far as the US dollar is concerned, it is steadily losing it's value. The FEDs policy is based on inflation and the creation of new money. They can keep that policy for a while since the usd is enjoying the status as a world currency, but for how long? years? a decade?
joqhernandez 1 month ago
It is strange, in europe we do trust the euro, of course after the metals ... As Schiff says US dollar is in a much worst shape and I really to believe that
dinometu 1 month ago
@dinometu Yea whats keeping it alive now is the fact that it is the reserve currency but i dont think for much longer. Give it a few years all those talks in the Asian countries about switching to another currency wont be talks anymore if america keeps going the way it is.
imjsutthatguy 1 month ago
somebody must have been front running on these downgrades the rumors and level of downgrades where exact
TheCristo68 1 month ago