Topic: 11 countries close to bankruptcy....... - page 2. (Read 5527 times)

Spain is also raking up debt at rampant speeds. Surprised is not even mentioned on there.

Maybe they weren't even good enough to get international debt issued, forget defaulting on it. 

Their only hope = adopting BTC or death.

It's true that it does seem that fiat is collapsing and at some point it may but the way things are now I do not see bitcoin as of yet getting us out of any kind of mess if fiat did collapse.

I would add all the Euro zone to this list.

When they unified their coin, they gave up their monetary decisions to a supra-national entity, so pretty much if one falls, the other will follow.


And there are not few countries in the zone with problems, bigger or smaller(Greece, Portugal, France, Italy, Spain, etc...)

Zimbabwe  not in the list?

They recovered from that inflation, or they are in the already in bankruptcy list?

Argentina just defaulted (so 100% chance) and Ukraine was already fucked before the civil war started. I'm not too sure about the odds of the others.

French revolution is probably the most brutal event that ever happen to the ruling class for the west.

Other culture (ie China) revolution is more used to having the whole emperor family getting slaughtered by warlords.

yes..occasionally it is reversed..French revolution..Oliver Cromwell..chairman Mao but human nature is what it is and will continue to be so for the foreseeable future

Big guy can get away with much more than small guy. It is so and it's been so for last few thousands of years.

Yes..regretfully the system is "cooked' and openly so

http://www.zerohedge.com/news/2014-08-04/another-settlement-%E2%80%93-jp-morgan-receives-slap-wrist-despite-years-fraudulent-cftc-dat


the most stunning controversy occurred back in 2010 when a retiring judge accused the other remaining judge of being a total bought and paid for Wall Street crony.

The retiring judge was George Painter, who accused fellow judge Bruce Levine of not once ever ruling in favor of an investor in his 20 years on the bench.

and so no one thinks I am just picking on poor old JP  here ared 2 other rap sheets that read similarly

WHY do these twits still have a banking license..if you break traffic laws they take your license away !!!

http://www.corp-research.org/goldman-sachs

http://www.corp-research.org/citigroup

Thanks for that article. Besides all the connections JPM has, these comments are the ones I found most interesting.


"JPMorgan Chase CEO Jamie Dimon is on Capitol Hill again today, this time to talk to the House Financial Services committee about the bank's recent multibillion-dollar trading loss. ...His Senate hearing was hardly a grilling; senators mostly praised him for his "emphasis on continuous quality improvement," in the words of Senator Jim DeMint, R-S.C. " -- Basically, we called you here to investigate why these losses took place, but instead....lets just complement you on your work ethic.

"Jamie Dimon sits on the board of the New York Federal Reserve — something that's prompted a proposed bill from Democratic senators that would ban officials of banks that can receive loans from the Fed from serving on any of its boards. JPMorgan and 17 other banks whose execs served on regional Fed boards got emergency loans from the Fed between 2007 and 2009. A government report found no evidence of conflict of interest from the arrangement, but did raise the concern of "reputational risks" from the appearance of one. " --JPM CEO sits on NY Federal reserve board and received emergency loans from the Fed back during the subprime crisis. I wonder if the fed gave these loans out to many corporations or if there was any JPM favoritism (not that it really matters after the bailouts).

I don't know much about Jamaica, Ukraine or Belize, but 40% annual chance of going bankrupt seems like it would make the top 10. Unless this article is basing it off of Debt % of GDP.

JP Morgan knows lots and lots and lots and lots we dont know about

and what we do know about they knew long before we did ( most probably LOL)

http://www.propublica.org/article/jpmorgans-connections-to-the-house-finance-committee

and their rap sheet shows ..no prison sentences  multi billion $ issues    when you can just buy your way out of trouble  at a percentage  of what you made is the Philosophy.. cost of doing bizniz  I wonder?

http://www.corp-research.org/jpmorganchase

Because 11 is a really low number. Isn't this a list of the 11 most likely?

There is still plenty to lose

reduction in pensions..spending power of pensions thru inflation (ffod inflation currently 20% + for 2014)..investments in the stock market lose 30%.. another house price crash  etc



http://go.bloomberg.com/market-now/2014/03/06/household-wealth-hits-record-savings-still-lo/

https://www.google.com.ph/search?q=value+of+savings+of+middle+class+usa&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a&channel=sb&gfe_rd=cr&ei=KcTgU9kf5onxB-SDgZAM#q=stockmarket+overvalued+by+40%25+2014&rls=org.mozilla:en-US:official

It will hurt the middle classes most as always because

a) the poor have almost no savings to lose (76% of usa  survive paycheck to paycheck)
http://money.cnn.com/2013/06/24/pf/emergency-savings/

b) the mega rich are mostly hedged against downturns and some actively bet on them so they make money when they happen .

Its the people not on welfare with some savings that will bear the brunt

Oh ..I forgot..when crisis hits (selected)  Banks get free money from the Fed

http://www.dailykos.com/story/2014/02/03/1274755/-Free-Money-for-the-Rich-The-Scandal-of-Quantitative-Easing-and-the-Undemocratic-Federal-Reserve#

and this is what they do with it

http://www.zerohedge.com/news/2013-02-10/guest-post-note-fed-giving-banks-free-money-wont-make-us-hire-more-workers

Could JP Morgan have a very large derivative sheet in order to combat a predicted high inflation rate? Maybe they know something we don't?

What I meant is how does it hurt the working or middle class people.  A lot of people still haven't recovered to pre-2008 as sub prime literally wiped out construction and supporting industries.  So there's nothing to wipe out this second time around.   If I am wrong and it's bad bad well that comes down to the expression break a few eggs to make an omellete.  I don't think anyone thinks capitalism on a society basis has worked since the 1960s.



Sounds like you are concerned about a potential economic crisis that would actually hurt the banking class for a change.  Though using hurt is a bit of an understatement.  I wish I knew that feeling to downgrade from a Lamborghini to a Mustang.

How did they forget places like Ireland, Portugal and Spain? Ireland is predicted to have about a 40% year over year chance of becoming bankrupt.

BTC or mad max