France borrows money at negative interest
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France borrows money at negative interest

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    Senior Member SBjet's Avatar
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    Default France borrows money at negative interest

    Now for something very weird. France borrows money at negative interest rates
    The Irresistable Opportunity with Interest Rates Near Zero - July 14 | Victor Adair
    There are possibly 2 things going on, one is intervention by central banks, the other is a flight to quality.
    Now a flight to Germany might make sense, but not France. The new socialist govt. there this week announced massive tax hikes and no spending cuts. The only investors stupid enough to give France money are the Fed, and the ECB. Something stinks here.
    Looks like Belgium and Denmark have joined the party.
    The Dangers of Negative Interest Rates - The Euro Crisis - WSJ
    The Swiss don't want your Euros in their banks, look for them to de-link soon, and then the Euro goes thru the floor.
    Quote Originally Posted by Tom Brown View Post
    I'm still chuckling at being "poo-pooed" for straying off topic. Awesome.

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    Red Blooded American The Doctor's Avatar
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    The danger is in the inability to pay back principal. Unless they are investing these funds into something that will produce more capital, they are simply digging themselves deeper into their hole. As they use these funds to satisfy other debts the money is gone and the problem has simply been pushed down the road to encounter later on a larger scale than before.
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    Quote Originally Posted by The Doctor View Post
    The danger is in the inability to pay back principal. Unless they are investing these funds into something that will produce more capital, they are simply digging themselves deeper into their hole. As they use these funds to satisfy other debts the money is gone and the problem has simply been pushed down the road to encounter later on a larger scale than before.
    To the left this is sound thinking and solid logic....They are not known for their financial knowledge and sound investing.
    Within the heart of every stray lies the singular desire to be loved. "Good grief you're an irritating blowhard...." [Tex 6/16/11]

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    Marine Organism Forkin' Crazy's Avatar
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    The new socialist govt. there this week announced massive tax hikes and no spending cuts.
    Like that will work. Sounds like something Owebama would want!
    "An armed society is a polite society. Manners are good when one may have to back up his acts with his life"

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    Senior Member SBjet's Avatar
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    Looks like the headline of USA today Money section is: Banks pledge to go all out to save Eurozone.
    Which accounted for the stock rise last week.
    I'm guessing this essentially means that the Fed and ECB are pledged to bail out Wall St. More fake money coming in unlimited amounts.

    Yesterday stocks fell in anticipation of a "possibly bad" jobs report coming out soon. Gotta laugh.
    Quote Originally Posted by Tom Brown View Post
    I'm still chuckling at being "poo-pooed" for straying off topic. Awesome.

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    gn7
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    Already miss the 310/562 2manymustangs's Avatar
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    Quote Originally Posted by The Doctor View Post
    The danger is in the inability to pay back principal. Unless they are investing these funds into something that will produce more capital, they are simply digging themselves deeper into their hole. As they use these funds to satisfy other debts the money is gone and the problem has simply been pushed down the road to encounter later on a larger scale than before.
    Pay back the principal??? France??? HA...

    All they did was snub us after we saved them AND the rest of Europe from Hitler...

    Hardly a thank you to date, with LOADS of snubbing and criticism instead from the frenchies...

    Lots of UNDERhanded trading with Iraq (violating UN sanctions) I would say little or NO plans to pay back anyone for anything...

    As per Warren Buffett, it's not a matter of IF but WHEN the EU melts down...
    Last edited by 2manymustangs; 07-31-2012 at 02:07 PM.
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    gn7
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    Quote Originally Posted by 2manymustangs View Post

    As per Warren Buffett, it's not a matter of IF but WHEN the EU melts down...


    I heard the French were looking to sell of some war surplus to help offset debt. They are selling rifles fired twice and drop once, and tanks with burnt out reverse gears.



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    Quote Originally Posted by gn7 View Post


    I heard the French were looking to sell of some war surplus to help offset debt. They are selling rifles fired twice and drop once, and tanks with burnt out reverse gears.
    Did you know that all the French Naval ships are all equipped with glass bottoms.....so the sailors can view the old French Navy.
    Within the heart of every stray lies the singular desire to be loved. "Good grief you're an irritating blowhard...." [Tex 6/16/11]

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    Icy
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    At some point it's all fake, the whole money system.

    How do I play where I win?

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    Quote Originally Posted by Icy View Post
    At some point it's all fake, the whole money system.

    How do I play where I win?
    By investing in old Mustangs and vintage HIPO iron...
    Pat Eason, the voice of reason...

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