Dr. Marc Faber: PIIGS are going to be Slaughtered; January 13, 2010

[IIRedFireDragon]

Then you go to war :)

[XISatu]

Os americanos a trabalharem para destruírem o euro.

[MrOscarBanana]

It surprises me to see how anti diplomatic this conversation is, how does anyone dare to label such an insult like pigs to these countries? Don't forget that three generations ago everyone was raising cows, no matter how blonde you were.

[HarvardBoxer]

People are already hunting squirls in the park...

[greekhop]

.. and normally you go to war.

LOL

So whos gonna fight who?

Maybe we should fight Libya... oh, we already doing that.

[DoelGr]

Germany is not giving money...Germany is lending money with an interest of 5% and where does germany find this money??well not from taxes but from loans with an interest of 2.5%(5-2.5%=profit)!Greek gorvement didnt let people to borrow,people let the Greek gorvement to borrow...anyway im not here to speak bad about my fellow europeans...one thing is certain bankers WIN,we lose!!and for fuck shake EU did more harm to greece than Greece to EU!everyone has corraption at hes country and youll see!!

[Stef1v]

PIGS were PIGS even before EURO... they knew the risk accepting our countries in the euro zone, now.... OH WHAT A SURPRISE, THEIR ECONOMIES SUCK!!!

[XoCaSo5]

@Stef1v Their economies? Italy is a pig country too, what are you talking about?

[ChristopherAdderley]

@titaniiumomega Sarkozy and Merkel have absolutely no idea about what caused the crisis. Indeed every politician wants to blame a banker and not themselves. In Europe this idea has taken hold. But the problem with it. It's not absolutely correct. In America, there was a political incentive to keep interest rates low since after the tech bubble. Flooded the world with liquidity, and made money cheap. Home Ownership: 1997: 65.4%, 2007:69.4% to 2008: 67.4%.. It's crazy.

[ChristopherAdderley]

@titaniiumomega a weaker currency would make the Euro more competitive would it not? Look at the complaints directed towards China on a continual basis... Brazil/America (they will be new best buddies apparently after the Obama visit later this year) complain that the Chinese have not allowed their currency to appreciate. Does this sound like the opposite of what you are complaining of?

[ChristopherAdderley]

@titaniiumomega ok I will bite. Your very angry at what you think you see. At the end of the day your governments have to pay more for their debt because the markets believe it to be relatively more risky to lend to the (Portugal, Spain, Ireland, Greece) etc.. But it's not just foreigners who lend to your markets. What about your own people who hold Spanish debt? Your complaints are disproportionate.

[ChristopherAdderley]

@titaniiumomega The money is more expensive for riskier clients.. because there is an increased probability that the money will not be returned fully. Do you honestly not have any blame for governments who allowed their citizens to borrow money in numerous currencies because it appeared, "cheap". It's such risky practices that were allowed by governments that lead to these issues arising. Economics is a cruel science.

[badsign1980]

funny how pigs have bigger economy then uk, like italy, bigger then netherlands a lazy country who legalize dopeand prostitution to make cash of dumb americans and other suckers was a smaller economy then spain, portugal ireland are too small and even if they had industry witch they had the bigger country orgermqany destroyed their industry with bigger companies, uk is totally fucked but call us pigs...

[ChristopherAdderley]

@badsign1980 The UK is not "totally f*cked" because they have a plan. If the plan in Europe to deal with the likes of Greece is to lumber them with more debt.. how do you honestly think that will end? Not well.

[xaviqaz]

In november 2010, US receipts: $150 billion (+12%/year); US expenditures: $300 million (+18%/year)

A $150 billion deficit in one month is larger than some big European states deficit in one year. But rating agencies have nothing to say.

[ChristopherAdderley]

@xaviqaz And the assets of the United states? compared with that of say Ireland? Ireland has limited control over it's finances.. It has a better rating than Brazil! Why? Because it has the facility to be bailed out by Europe! Indeed the deficit looks huge but America has an economy roughly the size of Europe.. so you have to take all of those countries average deficits (in % terms) into account.. Compare it with the European deficit as a whole.

[sullivanokaine]

Marc Faber is the real PIG.

[conjoly]

Interesting that they gloss over the fact that he thinks the US is at risk of sovereign default...

[themeaningoflife38]

The middle class is already destroyed and the banks are still making a profit.

They want people to be poor & desperate to drive down wages.

[StellandBlood]

To the ones that call us weak,lazy,uninventive,the same old chauvinistic/racist anti southern european speech,I say this.

We already knew combustion,and electricity(and probably much more that was lost forever)

We were industrialized and self sufficient,in the III century AD......antiquity...... we were the first to have a modern industry...... think a little mrs......

[Rotebuehl1]

@StellandBlood

That's all true! But it is also true that it is history, some 2000 years ago...

[StellandBlood]

@Rotebuehl1

Yes,you are right,that was just a comment to some retards that were showing their faces here,to troll without any knowledge.

[StellandBlood]

As things will become there is no other way around,Revolution,civil war,extermination of all political and economic agents(some

put in here by obscure interests) Socialist/industrial Southern European union,and everything regarding the EU(most N.Europeans are totally innocent and have the best of intentions)and N.American out of here,we need nothing and no one,if not,nuclear war,we prefer to die quickly and possibly take you all with us,than starving slowly,having crooks enslaving us.

[StellandBlood]

This last bailouts are a delusion for fools,N.European countries,gain the right to regulate the EU increasingly,that was their strategy all along"we pay(in part thanks to the production that we made to substantialize their industrial economies,as the world dominion geo strategic position we provide them) but now we gain the right to vote for you".

EU sadly became a sort of Neo colonialism.

[StellandBlood]

They might get slaughtered,if they  continue to trade in the world trade center,being subject to virtual economic mechanisms of the USA criminal oligarchs and zionists filth.

[TheLiarBarrySoetoro]

The "PIIGS" (Portugal, Ireland, Italy, Greece, Spain) ARE going to be slaughtered. But like in any other slaughter house, they are being moved along to their ultimate end ... to be on the dinner plates of a NEW WORLD ORDER ... by the very same communism that built the slaughter house in the first place. Poor dumb animals! America, you're next!

-

watch?v=ZPo-RrhMTU4

YouTube video " MARXIST OBAMA WILL COLLAPSE THE U.S.A. a la Soviet Russia & Socialist P.I.I.G.S. !!"

[penguinistas]

hyper inflation leading to war? That comment was a bit unexpected.

[aviomaster]

C0reiT --- USA showed it's real face they are no different than Nazi Germany of 1939 ...

History repeating again , This time they choose to bomb and destroy poor Iraqi people . cause they can not attack Russian Federation ...

[VPolecat]

are these people stupid? joking with it?

[C0reiT]

capitalism is showing it's true face CRUELTY!

[lastpoet1]

@C0reiT what we have now is not capitalism what it becamethere is no label that can be put on it

[C0reiT]

@lastpoet1 by there you mean?

[lastpoet1]

@C0reiT well if it was capitalism they would have let the banks fail they would have let the car companies go to and wallstreet wouldnt be regulating it self crooks wouldnt have jobs greenspan would have lost his job and plp would be going to jail

[Metalgear55]

the last part was the best! we go to war to solve it all:))

There you got it!

[EuropeanAmericanMan]

OK there are some crazy things being said hear but this takes the cake. Marc Faber is a Nazi and should be prosecuted for war crimes? Please do tell.

[brown9ja]

Marc Faber is absolutely right the P.I.G.S will certainlt "default",on theri bond debts,the Portugueses have just pased a law to increase public spending,meaning the "intend' to default or Monetise theri debts.This crisis has also shown the Euro is a worthless overvalued fiat currency backed by nothing,and its killing the economies of Southern Europe based on Tourism.Portugal and Greece will certainly default.German tax payers will have to face massive tax increases if their is a bailout.

[xaviqaz]

I´m absolutely disgusted at the use of the term "PIGS". Some anglo media is disgusting and racist, but they are able to know that the situation in USA and UK could eventually be worse than in Spain or Italy. For example, italian public debt is enormous but the government deficit is 5% and their private debt is relatively low. Private debt (household, corporate and financial) in America and UK private debt is still very high and public deficit is out of control (10-14%)

[EuropeanAmericanMan]

Anglo media? The Anglo peoples are not jewish.

[Metalgear55]

no anglos are white people! White people control the world!

[StellandBlood]

@EuropeanAmericanMan

Are they not?

They seem to be.

[loyalpatriotusa]

@xaviqaz That is funny. You should be disgusted at how badly we are being screwed by the morons who are printing money. Words are not that harmful compared to actions.

[XISatu]

@brown9ja Se fosses chamar pig à puta que te pariu ?

[XISatu]

@brown9ja Marc Faber 2008 in Wikipedia: "If americans spend money at Wal Mart, it goes to China, if they spend itbon gasoline, it goes to the Arabs.If they by a computer, it goes to India. If they purchase a good car, it goes to Germany. If they purchase fruits and vegetables, it goes to Mexico, Honduras and Guatemala.... The only way to keep money in the US is to spend it on prostitutes and beer, since they are the only products still produced in US"... Congratulations !!!

[chillercm]

@brown9ja looks like your wrong. only Greece is likely to default. Portugal is doing better meeting all of its targets. Ireland is exceeding its targets...

[edgarmendex]

It apears that the PIIGS have it coming out of the circle lol,they will keep cutting down until there is nothing, (call santa now devils) and inflation will sore and the middle class will desapear in to tin air and vain wars, in the mean time the bankers are in full control, time to pay pigs ...

[YahSedQanu]

I am sure the contend overhaul is as serious ... but... has anyone notice the strange refferal to the countries as PIIGS... hereafter PIGS.. I find this rather strange next to the title of this video... PIGS are going to be slaughtered.. I noticed however that countries reffered to by this name are/were romancatholic enclaves ... hmmmm!

[davidnightingale]

5 stars. Good analysis. Create money out of thin air. Principle created, principle + interest returned, without more borrowing money into existance collapse. Those with money buy up the economy cheap and run the planet. And they love war as a distraction.

Think it was Thomas Jefferson who said something about, first by inflation then by deflation. Something about banks being more dangerous than standing armies. Lincoln had a comment or two, mentions the bankers in his rear! Cheers

[winner502]

depression