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Thread: Lee Kuan Yew: "Eurozone Cannot Be Saved"

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    Default Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Wall Street Journal (Asia Edition), Lee Says Singapore Can't Rescue Europe
    By Chun Han Wong and Gaurav Raghuvanshi on 2011-09-15 T 18:07 +8
    Last edited by 9V-Orion Images; 16th September 2011 at 04:55 PM.
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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    LKY's absolutely correct. You cannot solve a debt problem by throwing more debt at it. Buying their bonds will not help at all.
    It is not even a monetary problem. It is a human problem. Greeks want to live a high jet set life on borrowed money. Just because they are in the EC, Greeks expect Germans and French to subsidise their extravagant lifestyle to which they have become accustomed for the past decade.

    Suppose A has no money. Then A goes to the (Greek) bank and borrows $10 Million (backed by nothing- no collateral). And spend like a towkay. Of course they want this situation to continue. Wah, like this, we also want, leh......

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    Deregistered allenleonhart's Avatar
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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    world war 3 is coming... soon

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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Quote Originally Posted by allenleonhart View Post
    world war 3 is coming... soon
    where aliens come to earth

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    Moderator diver-hloc's Avatar
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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Quote Originally Posted by kei1309 View Post
    where aliens come to earth

    Or when Zombies walk this earth....

    Scuba & Father... For Life

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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    I can see where this is going.

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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    i think it might be likely. at least the factors are all there already...

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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    I'm assuming this is a discussion on international economics and finance ....

    the politics between the PIGGS nations and now France inclusive vs basically Germany is going to doom the eurozone and any plans that the ECB has to failure

    whereas , as much as we hate to admit it, the US is ONE Federal Government ...... its in a WHOLE lot better position than the EU to walk or fight its way out of this situation and on an earlier road to recovery

    the days of cheap US Dollars are pretty much near an end

    and China has little choice but to still stay in bed with Uncle Sam
    shaddap and just shoot .... up close
    Walkeast

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    Senior Member Sion's Avatar
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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Quote Originally Posted by allenleonhart View Post
    world war 3 is coming... soon
    You should start to dig a hole and bury your camera and equipments.

    And another hole to protect yourself.

    When the world is over you'll be ready to shoot the destructions and devastation.

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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Because Greece is part of EU, and has agreed to adopt the Euro, it unfortunately cannot print money on its own. So it is stuck with a problem and no solution in sight.
    USA can print money US$ to solve its situation.

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    Senior Member Sion's Avatar
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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Quote Originally Posted by diver-hloc View Post
    Or when Zombies walk this earth....
    You should arm yourself with this to fight the zombies:


  13. #13

    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Quote Originally Posted by allenleonhart View Post
    world war 3 is coming... soon
    Then CS should start a mass purchase of bullet proof vests and all of us can become war photo journalists
    I eats, shoots & leaves

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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Quote Originally Posted by Sion View Post
    You should arm yourself with this to fight the zombies:

    Any discount ?
    Last edited by Yutaka Go; 17th September 2011 at 12:42 AM.
    I eats, shoots & leaves

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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Italy PM can save his country by using the money from selling all his porn collection and video shot during his sex party by the pool
    I eats, shoots & leaves

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    Deregistered allenleonhart's Avatar
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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Quote Originally Posted by ed9119 View Post
    I'm assuming this is a discussion on international economics and finance ....

    the politics between the PIGGS nations and now France inclusive vs basically Germany is going to doom the eurozone and any plans that the ECB has to failure

    whereas , as much as we hate to admit it, the US is ONE Federal Government ...... its in a WHOLE lot better position than the EU to walk or fight its way out of this situation and on an earlier road to recovery

    the days of cheap US Dollars are pretty much near an end

    and China has little choice but to still stay in bed with Uncle Sam
    better buy the us dollars now

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    Senior Member giantcanopy's Avatar
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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Unfortunately there is still alot of talk and not much done in Europe.

    The breakdown of Euro to their respective currencies will be pretty damaging as well as going on a straight course to stick to the euro. Imagining Greece converting back to a paper money drachma. Kinda damn if you do damn if you don't . They are still undecided at the fork.

    The Economist ran an article recently revealing huge core losses for all of the euro countries including Germany should everyone call it quits from Euro.

    Ryan

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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Quote Originally Posted by allenleonhart View Post
    better buy the us dollars now
    What makes you think US won't default either?

    We will just have to see what QE3 might entail.
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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Quote Originally Posted by 9V-Orion Images View Post
    What makes you think US won't default either?

    We will just have to see what QE3 might entail.
    then ww3 happens.

    either way we are screwed. oh noes.

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    Default Re: Lee Kuan Yew: "Eurozone Cannot Be Saved"

    Euro is in some kinda deep ****.
    US may or may not default depends on the two political parties in there. Neither one gives in then no economical policies will be issued. Worst of all, printing money will not help anymore.
    US government's big spending cannot fight against it's high and higher inflation rates anymore. In fact if US were to print more money, it only means that they wanna dilute the loans borrowed from all the other countries. The only way to get back on track now is to increase taxes on those rich guys, like what warren buffett said. I seriously do not understand why the riches in USA are so protected against tax paying. LOL

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