Roubini: Europe’s Contagion “Has Now Gone Viral…and Global”

Wikipedia} life expectancy US 78.3 Europe 80.9, Homicides per capita US 4.8 Europe 1.3
Vacation days US 13 Europe 34. Euro 1.30 US dollars. Health care and universities in Europe are free in the US they are prohibitively expensive. What do you all smoke? We need their system.

Capitalism without the threat of Bankruptcy for the Banking Cartel is like Religion without the threat of Hell for the Thieves.

Charity begins at home and spreads abroad. It's time for America to look out for Americans.

WW3 is between the corrupt governments and the people.

The problem with the advanced economies is excessive debt. Eventually, this debt must be repaid or forgiven. Central banks have created this problem and someday the we will face the problem. This will result in deleveraging and economic contraction. We have consumed in the past and put that on our credit cards. We will eventually pay that bill. It is now payback time thanks to the Fed and other central bankers.

WARNING the FDIC is now broke and it is completely impossible for them to become solvent again. To confirm google "Bank of America FDIC Trillions Federal Reserve". feel free to repost this as it is important news that is not being reported! The entire world is over leveraged and a small market change can wipe out billions or even trillions! Solution is to take physical possession of your cash and anything else you have on paper. Get it while you still can, first come first serve! The leveraging keeps increasing so that means smaller and smaller market changes can wipe everything out. There is a reason why the old people hid their money in there homes instead of trusting banks to keep their money! Even without the financial conditions Banks only had 10% of your money at any given time assuming everyone pulled their money out thanks to fractional reserve banking. We may see 0% reserves before you know it. Increasing the money supply (which has been the Feds solution) will only increase the leveraging so that solution will not work. FYI - the Euro is in even worse shape then the $ if you can believe that!

Our politicians' failure will lead to human sufferings due to their double standards policies, greediness, unethical acts and dishonesty.

one thing's for sure - the right answer to a crisis caused by excessive leverage isn't more leverage - US and european governments have got to cut spending to stop making the debt crisis even worse

hard times and hoarding straight ahead. fasten your seat belt, passengers, bend over and assume the position.

"european contagion" Love that quote! Sure, let's blame it on those europeans, the US had nothing to do with it. It's not like the US was the biggest player in the housing bust, been running bigger annual deficits than anyone in history, devaluaing their currency and destroying the economy.

My banker turned me down for a car loan. But that is alright. I am sleeping with his wife now and that is a lot more fun than busting my rear making car payments.

The problem is that many of the European countries have such low birth rates and early retirement ages that there's not enough people left to work. On top of that their life expenctancy is very high. No wonder they're going broke.

Nouriel Roubini has predicted 17 of the last two recessions. Economics is the only profession where you can be wrong for your entire career and still be considered an expert.

They say they are worried about contagion. It's already here. Greece, Spain, Portugal, Ireland, Italy - how many more do they need to see the truth!

Poor Roubini, a day late and a dollar short. This is the result of four decades of bubble blowing, false demand caused by cheap money. Welcome to the party, pal!

Bent over, here it comes again.....

capitalism isn't the problem, it's the fraud, abuse, mismangement, not following the rules, lying. So now we have to come up with a name for mixing business welfare, Why are businesses being rewarded with bailouts and the ceo's are not being fired?

Buy gold.

All debt like all money is imaginary.

Consider this...what is a dollar? If a trillion dollars were dumped it into the ocean in 1000 years no one would even dive after it. It is worthless. Therefore the debt that is associated with the currency is an illusion.

Debt is a tool created by the banksters to enslave the population and control people. We need to eliminate cenral banks and have Govt deal direct with each other unfettered by a middleman skimming off the top

Time to create a new model it is a new day.

If the IMF is giving out money The USA is giving it to them