Theophilos

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I don't look into this; when "money" is simply printed or added to an account at a few keystrokes its funny money; you cant print your way to prosperity, if so Zimbabwe would be the third richest nation on the planet behind Hungary (Hungarian Pengo) and Wiemar Germany. It to me money creation is simply deficit spending and deficit spending has never ended well nor is there anything for me to think that this should otherwise change. If you had said that the EU, the Euro and by extension EU member states are backed up with nearly 10,000 tons of gold and that is a great back up plan I would agree with you. The UK is sat on a pathetic 300 tons thanks to "The Iron Chancellor" Gordon Brown (Labour) selling half of the UK gold reserves in a bear market, letting the market know in advance when, the volume to be sold and the price it was to be sold at was horrific and arguably criminally negligent. I view your post as a red herring; my view being for instance if Bank X got into trouble tomorrow the Central Bank of Country A simply deposits the capital required into the Bank X with a few keystrokes. Central Bank of Country A could let the bank rightly go bankrupt (as should be the fate of all failed enterprises) but the risk to the rest of the banking industry would be too great so the (any) government in my opinion would simply take the easy option and hand over the digital "money" again. I would be interested to know how much of the "capital requirements" that banks have to carry these days are made up of its customers money, to me the writing was on the wall when they had the bail in in Cypress and bank nationalisations in the late 2000's. As I said the ins and outs of capital requirements for the banks is something I have not looked into or to be honest care enough about to do so. I have already taken the opinion that it is likely to be multiple nuances built upon a bed rock of fiat currency. I question the fiat monetary system itself, my apologies if I come across as being dismissive here in my post; but I take the Greenspan view that there will always be enough money (fiat), we can guarantee any sum for as far out as you would like, but we (FED) cannot guarantee its purchasing power. BnT what I said has nothing to do with 'printing money'. We can have a separate discussion on whether or not QE or QQE or whatever you might wish to call it. Corrigenda: Weimar, Cyprus I wouldn't be so sure BnT, Gold is a fickle mistress... there are other reserves that are perfectly 'trustworthy'. Your 3rd paragraph has little to nothing to do with reality. The resolution process of failed or likely to fail credit institution or precautionary measures for, shall we call it, an ailing credit institution. Do not confuse "capital requirements" with "reserve requirements". The first are there to 'guard' against a credit institutions 'appetite for risk' and thus against over leveraging. The latter address the issue of customers' deposits that a credit institution must keep on hand or with the Central Bank. You are not dismissive BnT tbh I merely addressing the "rather unhealthy" link Of course, you do have a point in the last sentence... the Central Bank cannot guarantee purchasing power of fiat money. That is certainly true.

VIII

I think he is referring to the PMI in the UK. Basically companies dont want to spend/invest money and are fearful of the future etc. A recession is needed and is not necessarily a bad thing. Sure people will "loose everything", what people fail to realise is that they have nothing now, debt has been monitized, currency is debt. Your pensions, social security and even savings are all intertwined with your neighbor and fellow countrymen's ability to service that debt; last I looked a lot of people are just getting by, even more are in debt to some degree assuming they are even in work and not sucking at the teat of social security. Think of it as a forest fire that comes along every 2-3 years and clears out all the dead wood; when the fires don't come because of the well intentioned interference of man the fires are even bigger and more deadly when they inevitably do come. The central banks have been delaying the inevitable for far too long by pumping in trillions of funny money into the market to keep it running; there are around 1.25 quadrillion dollars outstanding in the derivatives market alone, or put another way the amount of money that people have been swapping and buying currently stands at around 10 times global GDP. Deutchse Bank depending on sources have $70 trillion in exposure to this market, and their stock price was trading bellow their 2008 low (2008 being the last big recession) months before BREXIT, European banks are looking rather unhealthy also on the same timeline. Madoff's $50 billion ponzi scheme is spit in the ocean in comparison. I voted to leave the EU, if it was a vote for recession I would have voted for that too; incidentally they seem intertwined But no; just flog the BREXIT whipping boy; its all his fault. EU banks, even more so for the Eurosystem, are healthier than eithe UK or US banks (on average, with some local peculiarities). Just look at the capital requirements ratios and the CET1 levels.

Ya. but your comments went beyond mere perception And it is preceisesly because of such perceptions that facts should be restated at every opportunity

Of course not, he probably used several proxies It would mean no such thing, i.e. a decision of the UK Parliament that would set aside the result of the referendum would not be "an admission that Democracy in the UK is a charade". Incidentally, the result of the referenda is not legally binding, it was a mere consultation to 'divine' where the plurality of the electorate lies. Furthermore the rules would not have been retroactively rewritten, nor would the will of the people been questioned. The will of the people rests firmly with the MPs UK parliament. "The Parliament of the United Kingdom of Great Britain and [Northern] Ireland is composed of of the King or Queen and the three estates of the realm, viz. Lords Spiritual, the Lords Temporal and the Commons. These several powers collectively make laws that are binding upon the subjects of the British Empire..." (see T. E. May, 1844). Setting aside the fact that the dinamics of power possesed by said estates ahve shifted in favour of the latter of them, the principle still holds. The Parliament is sovereign and not the people, thus the rule of parliamentary supremacy trumps (no pun intended) the result of a referenda. What one can say is that Parliament would be violating it's constitutional role if it were to defer to a decision based on an outcome of a referenda and not deciding it self following such a set of parliamentary procedures as are deemed appropriate and convenient.

If you slapped me, you can't tell me i'm wrong if I turn around and decide to shoot you in the head. The police brutality in America is something that has been going on for years, not just with ethnic minorities, although moreso. It should really have been expected that it's only a matter of time before somebody explodes when they're continuously pushed. I don't condone killing cops or anyone for that matter, but it doesn't seem to us outsiders like your country gives a shit at all about the police brutality that continues to occur Of course 'l' can. Nothing, but nothing, gives you the right to decide to shoot someone in the head. Nothing! The fact that you might feel humiliated or agrieved because someone slapped you is a horrid excuse for justifying taking somones life. My point is, an action returns a reaction. However I decide to react is never too irrational and is entirely up to me. If you slapped me you should not expect a slap in return, you should expect a reaction at my own discretionary. Solution: Don't ruffle someone's feathers and you live peacefully. It's a falcy in argumentation not a point Samus. There is no argument, least of all the one you just made, that justifies certain reactions. Your reactions are not only or simply up to you, you are not siply 'allowed' to do whatever you want simply because you want to do it. If you really think that you are at liberty of reacting in any manner of your choice and completely disproportionally to the supposed slight, insult, whathaveyou, then you should move to a deserted island and practice it there.

If you slapped me, you can't tell me i'm wrong if I turn around and decide to shoot you in the head. The police brutality in America is something that has been going on for years, not just with ethnic minorities, although moreso. It should really have been expected that it's only a matter of time before somebody explodes when they're continuously pushed. I don't condone killing cops or anyone for that matter, but it doesn't seem to us outsiders like your country gives a shit at all about the police brutality that continues to occur Of course 'l' can. Nothing, but nothing, gives you the right to decide to shoot someone in the head. Nothing! The fact that you might feel humiliated or agrieved because someone slapped you is a horrid excuse for justifying taking somones life.

Farewell Kyros

Why not. Mines it is.

Corbyn needs to be retired. The guy is... actually not worth loosing words over. I'm glad to see that the Liar'r'us club has sunk so brilliantly fast. Pity there is no credible alternative though. The trouble is though that even if they all run away the results still stands. We just had a referendum where one side ran a bucket of lies and promised everything under the sun, and now there is no way to hold them to account. Meanwhile we are stuck with a retarded decision as things fall apart and the country goes to the dogs. Oh, I agree. But democracy is what it is. Though in view of the supremacy of parliament doctrine in UK, the parliament could legitimately decide to set aside the resutt of the referendum.

Corbyn needs to be retired. The guy is... actually not worth loosing words over. I'm glad to see that the Liar'r'us club has sunk so brilliantly fast. Pity there is no credible alternative though.

Aright have we done all we can. Should we move on?

Just in case. I strike the Trooper with my lightsaber.

Honestly. I don't think it was his age (on any given day he is still better than a great deal of far younger goalkeepers. It seemed rather that he was expecting either a slightly higher or a tad longer shot, he would have stopped either. As it was though... No regrets over the game, even had Italy won. They played well and deserved to win as much as Germany did.

Interesting, shall we try our luck and go after him.

Weeeeeeeeeeeee, Germany won... although dear Lord what a number of spectacularly bad run of free kicks >.< Germany or Iceland would do nicely

I take a few steps in direction of the sound.

We should strip Resovo of any equipment we can conceal (lightsaber mainly. We don't want the enemies getting it and it may prove useful for us.) If we're in a rundown spaceport, I doubt we are around law abiding company that would care for the Empire. We should go into the town, strip whatever we can from the dead clones (metal, etc.) Sell it, buy some supplies and then go into an abandoned building. The reason we should hide afterwards is clones are surely going to come investigate the area. A reason we should leave Resovo in the rubble of the crash. Clones may only think 1 Jedi was aboard and not look much further. we definitely should scavenger anything we can I support Kyros's plan

Si! If this were the 2014 Deustchland squad, I'd say Italy was doomed. However, this Deustchland squad can be beaten. The same was true for the 2014 squad. It could just as well have been bitten and not won. But hope dies last, so... Deutschland immer vorwärts!