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#271774 - 01/18/09 01:07 AM EU is in trouble
FormerTexan Offline
Site Administrator
MaleSurvivor
Registered: 09/12/04
Posts: 11181
Loc: Denver, CO
This is too off-topic to put in the News forum. Europe is in big trouble right now. This article is one of a few I have seen on the unrest in the EU. One has to wonder how this will bode for us. Things are already hurting over here.

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List of things ain't nobody got time for:

1. That


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#271798 - 01/18/09 11:24 AM Re: EU is in trouble [Re: FormerTexan]
petercorbett Offline
Member
MaleSurvivor

Registered: 07/27/08
Posts: 2452
Loc: TEXAS
As an American military retiree, and a retired civilian working for the US military, living here in UTOPIA (what the Germans) think that their country was. And having been here since the Europeans went from their old respective currencies, ie, Germany the D-Mark (they wish that they could have it back) the Italians the Lira, Ireland the Punt, etc and most of the other countries have for the most part shoved the Euro, their common currency down the respective countries peoples throats, what a democratic Europe, and the poor citizens had no say in that change. Most of them not. When the Euro first came out, it was pegged at about 1.30 euro's to the dollar, ($100.00) got you 130 euros, but the rate of exchange changes daily (M-F), and it has gone the US dollar south ever since. Lately it's been between .60 US cents for 1 euro to today .74 US cents for a euro, so today for ($100.00) you would get 74 euros. GULP. But for me the pain is going to end, I'm coming HOME, where I belong, TEXAS. But one has to remember those previously Russian controled (Cold War) Eastern European countries were always poor. And for Ireland it was mostly a poor country. The EU was a boon for Ireland as it cost the EU mega Euro's to make it what it is today, along with those younger generation Irish people, whom no longer have to emigrate to the USA in order to make a decent living, in fact many of them are moving back to Ireland. But one thing that these European politicans never counted on is that a German wants his idenity German passport, An Italian wants his idenity his passport, etc NOT a lump them together EUROPEAN without an idenity. For this American they can have UTOPIA.
My two US cents worth. Heal well my friends/brothers.
Pete (Irishmoose)

_________________________
Working Boys' Home 10-14 yrs old, grades 5-8. 1949-1953
____________________________________________________________
A very humble alumni of the WOR Dahlonega, GA.
May 15-17 2009, Alta, Sep. 2009. Sequoia, 2010.
Hope Springs, 2010.


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#271882 - 01/18/09 11:47 PM Re: EU is in trouble [Re: petercorbett]
Trucker51 Offline
Member
MaleSurvivor

Registered: 05/20/08
Posts: 2826
Loc: Denver, CO
It is amazing just how much news that us Americans DO NOT GET here at home. I almost miss living near Detroit just because I miss the balance and often opposite viewpoint of the CBC so nearby. I have heard of the Greek unrest but have not heard about their financial crisis. Now it is beginning to make sense. The last time that I was in Riga I was looking down from above courtesy of Google but it did seem to me that Riga and several other cities in that area were a bit on the run-down or depressed looking side. It seemed like there were a lot of abandoned cargo ships in the ports there and in Konigsberg too, along with a few other hints of economic uncertainty like abandoned airports, factories, and the like. Of course, one could get that looking down on Detroit too.

It can't happen here too....or can it???

Thanks for sharing this Andy,

Mark

_________________________
"We stay here, we die here. We've got to keep moving". Trucker Mark



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#271884 - 01/18/09 11:57 PM Re: EU is in trouble [Re: Trucker51]
Little_E Offline
Member & Volunteer
MaleSurvivor
Registered: 11/14/02
Posts: 169
Loc: London UK
London is pritty well fucked!

What we need is another Great Fire!!

Anyone got some matches??

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If your not livin on the edge your taking up to much space!

DISTUBED VISIONS OF AN UNDERWORLD!!

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#271887 - 01/19/09 12:09 AM Re: EU is in trouble [Re: Little_E]
Trucker51 Offline
Member
MaleSurvivor

Registered: 05/20/08
Posts: 2826
Loc: Denver, CO
I just had to buy a box of 11-inch wooden matches to light the pilot light on the water heater, and I doubt that I'll need all 50 of them.

How is the British Pound doing? Have grocery prices doubled like here at home yet?

I hear that the Ruble isn't worth nearly as much these days.

Better get some silver or gold while it is still cheap.

Mark

_________________________
"We stay here, we die here. We've got to keep moving". Trucker Mark



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#271888 - 01/19/09 12:22 AM Re: EU is in trouble [Re: Trucker51]
Trucker51 Offline
Member
MaleSurvivor

Registered: 05/20/08
Posts: 2826
Loc: Denver, CO
I thought that this piece might make for some interesting reading.

http://articles.moneycentral.msn.com/Inv...5-trillion.aspx

Mark

_________________________
"We stay here, we die here. We've got to keep moving". Trucker Mark



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#271890 - 01/19/09 12:43 AM Re: EU is in trouble [Re: Trucker51]
FormerTexan Offline
Site Administrator
MaleSurvivor
Registered: 09/12/04
Posts: 11181
Loc: Denver, CO
"Better get some silver or gold while it is still cheap."


Amen.

_________________________
List of things ain't nobody got time for:

1. That


If I could meet myself as a boy...

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#271891 - 01/19/09 12:46 AM Re: EU is in trouble [Re: FormerTexan]
pufferfish Offline
Member
MaleSurvivor

Registered: 02/26/08
Posts: 6875
Loc: USA
Originally Posted By: FormerTexan
"Better get some silver or gold while it is still cheap."


Land or Real Estate is the only thing that will hold its value.

Allen

pufferfish whistle


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#271893 - 01/19/09 01:23 AM Re: EU is in trouble [Re: pufferfish]
Trucker51 Offline
Member
MaleSurvivor

Registered: 05/20/08
Posts: 2826
Loc: Denver, CO
Real estate won't hold its value if you can't sell it. But don't take my word for it. Check-out the real estate listings in Flint, MI or in Detroit. I saw a nice house in move-in condition the other day in Flint for an asking price of $5,000. This house had been remodeled and had 4 BRs and 2 baths, with a partially-finished basement and a 2-car garage on a 140 x 40 foot city lot. And there were city lots there selling nearby for $100!!!

Maybe I should buy-up a few of those side by side, just so that I'll have somewhere to park my mobile home if worst comes to worst!!!

Mark

_________________________
"We stay here, we die here. We've got to keep moving". Trucker Mark



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#271908 - 01/19/09 08:30 AM Re: EU is in trouble [Re: Trucker51]
FormerTexan Offline
Site Administrator
MaleSurvivor
Registered: 09/12/04
Posts: 11181
Loc: Denver, CO
"Land or Real Estate is the only thing that will hold its value."

Allen, I'm confused. How does it hold its value when the bubble has burst and prices dropped?

Gold and silver are a portable store of value. I can't barter with my land.

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List of things ain't nobody got time for:

1. That


If I could meet myself as a boy...

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