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Spain is About to Enter a Full-Scale Collapse
mstra
lop guest
User ID: 91852
04-23-2012 08:04 AM

 



Post: #91
RE: Spain is About to Enter a Full-Scale Collapse
Joe Neubarth  Wrote:
AND WHAT WOULD CAUSE THIS DOLLAR FALL? Are you making an assumption that all of a sudden American products would suddenly go sky high in price? If they did, nobody would buy the products and the price would come down. Remember the world economy is based upon supply and demand.

The United States produces a lot of corn. because we are so productive, the price for a Bushel of Corn has fallen from about $10 a bushel in 1976 to $5 a bushel last year. (i.e. the dollar buys twice as much corn now than it did a third of a century ago.) We have a very strong currency.

Never mind that the corn has less than half the nutritional value it had in 1976. Or that the reason it is so cheap is because the US gov't used borrowed money to subsidize corn for ethanol. Or that you would be hard pressed to come up with three other things that are cheaper in US dollars since 1976.

Hey, just teasing you, Joe. I know you're a shill, and appreciate your attempt to distract the stupid and gullible.

Maybe you could help me out though. Right now I have land, tools, seeds, stored food, practical skills, a good online business, gold and silver. I'm going to be coming into a chunk of FRNs from an inheritance soon. What would you suggest I do with that strong currency? Should I hold onto them as cash, put them in the bank at interest, buy T-Bills, or invest in blue chip stocks?

Or should I buy a whole lot of corn that has been genetically modified to produce its own insecticide?
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LoP Guest
lop guest
User ID: 67907
04-23-2012 08:18 AM

 



Post: #92
RE: Spain is About to Enter a Full-Scale Collapse
did they collapse yet? no, i didnt think so. carry on.
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LoP Guest
lop guest
User ID: 92044
04-23-2012 08:46 AM

 



Post: #93
RE: Spain is About to Enter a Full-Scale Collapse
Astrochik  Wrote:
http://www.zerohedge.com/contributed/201...e-collapse

Quote: Spain is about to enter a full-scale Crisis.

A few facts about Spain:



• Total Spanish banking loans are equal to 170% of Spanish GDP.



• Troubled loans at Spanish Banks just hit an 18-year high.



• Spanish Banks are drawing a record €316.3 billion from the ECB

(up from €169.2 billion in February).



Things have gotten so bad that Spanish citizens are pulling their money out of Spain en masse: €65 billion left the Spanish banking system in March 2011 alone.



As bad as they are, even these data points don't do justice to the toxic sewer that is the Spanish banking system.



Case in point, over HALF of all Spanish mortgages are owned by Spanish cajas.



If you're unfamiliar with the caja banking system, let me give you a little background...



Until recently, the caja banking system was virtually unregulated. Yes, you read that correctly, until about 2010-2011 there were next no regulations for these banks (which account for 50% of all Spanish deposits). They didn’t have to reveal their loan to value ratios, the quality of collateral they took for making loans… or anything for that matter.



So, with Spain today, we have a totally unregulated banking system sitting atop HALF of ALL Spanish mortgages after a housing bubble that makes the one that happened in the US look like a small bump.




Spain is Greece… Only Bigger and Worse

NOW THAT IGOR HAS LEFT THE ONLY ONE YOU'LL SEE COLLAPSE IS CLIFFORD HIGH AND HIS WEBBOTPROJECT.

SORRY TO BREAK IT TO YOU, ASTROGAL.
ANYBODY EVER TOLD YOU THAT YER A FERY ZEXIE LAHDY?
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LoP Guest
lop guest
User ID: 92046
04-23-2012 09:43 AM

 



Post: #94
RE: Spain is About to Enter a Full-Scale Collapse
LoP Guest  Wrote:
NOW THAT IGOR HAS LEFT THE ONLY ONE YOU'LL SEE COLLAPSE IS CLIFFORD HIGH AND HIS WEBBOTPROJECT.

CheerCheerCheer
CheerCheer
Cheer
CheerCheer
CheerCheerCheer
CheerCheerCheerCheer
Cheer
CheerCheer
CheerCheer
Cheer
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Astrochik
seeking the truth - good or bad
User ID: 55237
04-23-2012 09:47 AM

Posts: 8,975



Post: #95
RE: Spain is About to Enter a Full-Scale Collapse
the user ID's of the last two posters make me believe somehow that they are either in cahoots or the same person...

And this thread is not about webbots - but yes, I've been told I'm a very sexy lady!!

Lmao

Gun Control: History, Philosophy and Ethics by Stefan Molyneux
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LoP Guest
lop guest
User ID: 92046
04-23-2012 09:49 AM

 



Post: #96
RE: Spain is About to Enter a Full-Scale Collapse
Astrochik  Wrote:
the user ID's of the last two posters make me believe somehow that they are either in cahoots or the same person...

wrong again.

yore track ain't so gud.

I'm the one that told you clif was a fraud,
but I don't keep track of him enough
to know anything about Igor.

or care. chuckle
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Astrochik
seeking the truth - good or bad
User ID: 55237
04-23-2012 09:51 AM

Posts: 8,975



Post: #97
RE: Spain is About to Enter a Full-Scale Collapse
LoP Guest  Wrote:
Astrochik  Wrote:
the user ID's of the last two posters make me believe somehow that they are either in cahoots or the same person...

wrong again.

yore track ain't so gud.

I'm the one that told you clif was a fraud,
but I don't keep track of him enough
to know anything about Igor.

or care. chuckle
so...ah...why are you hanging out on my thread? Stalking me? You must care...at least a little...

JptdknpaJptdknpaJptdknpa

Gun Control: History, Philosophy and Ethics by Stefan Molyneux
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LoP Guest
lop guest
User ID: 92046
04-23-2012 09:56 AM

 



Post: #98
RE: Spain is About to Enter a Full-Scale Collapse
Astrochik  Wrote:
so...ah...why are you hanging out on my thread? Stalking me? You must care...at least a little...


I'm also the one that posted the Golden Jackass article from 2009.

http://news.goldseek.com/GoldenJackass/1260928800.php

Stalking you would be too much energy,
and you're too obstinate to goof with, anyway. chuckle
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17:17
reborn on 12/21/2010
User ID: 92898
04-27-2012 12:41 AM

Posts: 4,335



Post: #99
RE: Spain is About to Enter a Full-Scale Collapse
S&P Cuts Spain to BBB+, Outlook Negative

EUR/USD fell from 1.324 to 1.318 right after the announcement.


NEW YORK (Standard & Poor's) April 26, 2012--Standard & Poor's Ratings Services today said it lowered its long-term sovereign credit rating on the Kingdom of Spain to 'BBB+' from 'A'. At the same time, we lowered the short-term sovereign credit rating to 'A-2' from 'A-1'. The outlook on the long-term rating is negative.

The downgrade reflects our view of mounting risks to Spain's net general government debt as a share of GDP in light of the contracting economy, in particular due to:

The deterioration in the budget deficit trajectory for 2011-2015, in contrast with our previous projections, and

The increasing likelihood that the government will need to provide further fiscal support to the banking sector.

Consequently, we think risks are rising to fiscal performance and flexibility, and to the sovereign debt burden, particularly in light of the increased contingent liabilities that could materialize on the government's balance sheet.

http://www.zerohedge.com/news/spain-cuts...k-negative

DON'T PANIC!
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LoP Guest
lop guest
User ID: 88158
04-27-2012 01:15 AM

 



Post: #100
RE: Spain is About to Enter a Full-Scale Collapse
Bump
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Kentucky Fried Genocide
dave's not here..
User ID: 83534
04-27-2012 01:20 AM

Posts: 1,912



Post: #101
RE: Spain is About to Enter a Full-Scale Collapse
LoP Guest  Wrote:
The Comedian  Wrote:
It couldn't happen to a nicer bunch of chickenshit Socialist dumbasses.

Spain deserves to starve to death.

Oh really? You really feel so cruel as to say that about their innocent children too? Careful what you say, this country will see it too.

no way man, we're too big to fail...chuckle

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Kentucky Fried Genocide
dave's not here..
User ID: 83534
04-27-2012 01:22 AM

Posts: 1,912



Post: #102
RE: Spain is About to Enter a Full-Scale Collapse
LoP Guest  Wrote:
The Comedian  Wrote:
LoP Guest  Wrote:
You display grotesque retardation in every just about every post you make.I am wondering when you will pay the piper.For someone who likes to whine about his tribe being judged you sure like to pass judgement on everyone under the sun.Hypocrite!

Oh boo hoo, I pissed off another Nazi.
Lmao

And you wonder why you and your tribe have been despised for thousands of years ?

LmaoLmaoLmao

It couldnt possibly be the way your tribe acts, could it ?

chuckle

jewish? just curious

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17:17
reborn on 12/21/2010
User ID: 92898
04-27-2012 01:25 AM

Posts: 4,335



Post: #103
RE: Spain is About to Enter a Full-Scale Collapse
thats down two notches and they didnt even wait for friday afterhours. strange.

DON'T PANIC!
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