tag:blogger.com,1999:blog-32841798.post9165535338962998193..comments2024-03-28T22:45:51.014+00:00Comments on Capitalists@Work: Euroland updatesCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-32841798.post-11223090973030731012019-06-07T09:39:19.958+01:002019-06-07T09:39:19.958+01:00Well. Ask any Remainer.
What interests them abou...Well. Ask any Remainer. <br /><br />What interests them about the running of the EU ? Tell us about the councils and the parties...<br /><br />Not a clue. <br /><br />I'm far more concerned about our own EU fanatics at home. You must read this:<br /><br />https://www.express.co.uk/comment/columnists/frederick-forsyth/1137454/eu-european-union-nato-military-dealsE-Khttps://www.blogger.com/profile/16657071992016670517noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-57981470551717389702019-06-07T09:31:39.458+01:002019-06-07T09:31:39.458+01:00CU +1
The uk (and I think holland?) is in a much...CU +1 <br /><br />The uk (and I think holland?) is in a much better (relative) position than the continent as we have a large funded private sector. <br />And a relatively small state sector.<br /><br />it is a cashflow thing<br />it creeps up on you<br /><br />If things go wrong in this area it wont be for another 20-40 years.<br /><br />As always, the USA leads us, there are some municipalities where a very large amount of the tax income goes to pension payments - not roads or schools. In that case, at the extreme, they 're-negotiate'.<br /><br /><br /><br /><br />andrewhttps://www.blogger.com/profile/07311993288675111834noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-32013057791521016472019-06-07T09:18:13.011+01:002019-06-07T09:18:13.011+01:00LB - The pension one is a very slow burn though as...LB - The pension one is a very slow burn though as they are projections of liabilities. Who knows if they will be drawn etc over 40 years. <br /><br />Debt to GDP is real, it is moneyed owed today already than can demand repayment forthwith in the most part and/or result in huge interest rate hikes to calm the bond markets. CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-15768192387515807862019-06-06T17:02:12.322+01:002019-06-06T17:02:12.322+01:00France's debts?
40 trillion Euros just for pe...France's debts?<br /><br />40 trillion Euros just for pensions. Inflation linked again, and you cannot inflate your way out of inflation linked debts.<br /><br />The far more interesting event is the bankruptcy of Deutsche BankLord Blaggerhttps://www.blogger.com/profile/06783119146180259097noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-28251925420363376382019-06-06T17:01:11.249+01:002019-06-06T17:01:11.249+01:00Repeat after me. Debt to GDP of 130% is fake.
Bo...Repeat after me. Debt to GDP of 130% is fake. <br /><br />Borrowing to GDP of 130% is correct. <br /><br />There are vast other debts that dwarf the borrowing and its those debts that are the issue. <br /><br />Inflation linked and owed to the voter. Lord Blaggerhttps://www.blogger.com/profile/06783119146180259097noreply@blogger.com