http://www.zerohedge.com/news/why-uk-tra...ian-banks-jeffe


disturbing, to say the least. oh, I forgot, the only problem is "consumer confidence."

comments?

The only thing that catches my eye is that Zero Hedge is an outlet for selling commodities and metals. So they always pump this stuff.

I am not saying it ain't going to play out like this, but you have to consider the source. They are buttering their bread with this story.

Shana,

Your homework tonight is to summaries this lenghy article into
two paragraphs. I'm way too lazy/tired to delve into this one.

http://www.zerohedge.com/news/why-uk-tra...ian-banks-jeffe

really? show me where the Zero Hedge website is selling, or promoting the sale of commodities and metals. I haven't seen that.

anyway....

find some time to read the article. If you're not versed in economics/finance terminology, I can help.

In fact, it was American firms and banks that shovelled many of the loans into European countries that they are struggling to pay back. It was they who encouraged Europe's banks to take on much of the very debt that they are now complaining about.

American companies also encouraged Europe's financial institutions to invest in fraudulent subprime loans and derivatives that cost them billions.

That's why some on the Continent were blaming the US for exporting a type of "financial AIDS", or likening the economic collapse to financial terrorism. Now that so many of these deals collapsed, plunging Europe into crisis, the US is working in a shadowy manner to put "Humpty Dumpty" back together.



It's simple: What happens in Europe today will impact what happens in the US tomorrow.

As the AP reports:

"A still-fragile US economy remains vulnerable to any financial contagion that might erupt in Europe.

WE CAN ALL THANK THE WALL STREET GUYS FOR THIS.

It doesn't look like they had to do alot of arm twisting to sell those subprime loans.

Huge Eurobank, rated 'Britain's worst,' now accused of gouging US consumers
http://redtape.msnbc.msn.com/_news/2011/...ng-us-consumers

Everyone naturally thinks that it's big business and, as a reault, their actions are naturally labeled as unscrupulous. Hunter is correct in that our global markets are interconnected and US banks must interject in EU affaris to ensure our stability.

No doubt about that:
"The EU and the US enjoy the most integrated economic relationship in the world, illustrated by unrivalled levels of mutual investment stocks, reaching over €2.1 trillion. Total US investment in the EU is three times higher than in all of Asia and EU investment in the US is around eight times the amount of EU investment in India and China together. Investments are thus the real driver of the transatlantic relationship, contributing to growth and jobs on both sides of the Atlantic. This can also be illustrated with approximately 15 million jobs linked to the transatlantic economy. It is estimated that a third of the trade across the Atlantic actually consists of intra-company transfers."

http://ec.europa.eu/trade/creating-opportunities/bilateral-relations/countries/united-states/

http://www.zerohedge.com/news/why-uk-tra...ian-banks-jeffe

yes, and the article describes how many of those intra-company transfers, destined for London, exist to circumvent US securities/banking regulations. read it.

EU bailout fund capped at $666 billion...coincidence? of course, this is the mark of the beast. the anti-christ has arrived, the biblical end-times are upon us!!

----------------------------------------------
"The ESM bailout fund's capacity will be capped at 500 billion euros ($666 billion), less than had been suggested was possible before the summit, and the facility will not get a banking license, as Van Rompuy originally had proposed, due to German opposition."

This is very interesting information, I had no idea the relationship between America and Europe ran so deep.

The top military commander in the US has said that he believes the eurozone is at great risk and warned that any breakup of the bloc could have consequences for the Pentagon, even threatening its top weapons programme.

"The eurozone is at great risk," General Martin Dempsey, chairman of the Joint Chiefs of Staff, told an event hosted by the Atlantic Council, a Washington-based think tank.

Dempsey suggested part of his concern was that the US military could be exposed to any unravelling of the eurozone.

"I mean [exposed] literally, through contracts and programmatics, but also because of the potential for civil unrest and the breakup of the union that has been forged over there," said the general.

The US military has more than 80,000 troops and 20,000 civilian workers in Europe, many based in Germany.

Dempsey pointed to the F-35 Joint Strike Fighter, the Pentagon's costliest weapons programme, which the US is developing together with partners including Britain and Italy, which could also be at risk .

A crisis in Europe, if it were serious enough, could force allies to re-allocate spending which had been earmarked
for the F-35, he said.

That, in turn, could drive up the cost of individual US aircraft at a time when US defence budgets are squeezed.

"It will clearly put them at risk if all the economic predictions about a potential collapse were to occur - inflation, devaluation," said Dempsey.

http://www.aljazeera.com/news/americas/2011/12/2011121044955283758.html

there's really nothing bad about an economic slowdown and austerity measures. we've been conditioned by the greed mongers to think that this is a horrible thing. it isn't. we can't have it all, all the time. that is just immature and silly.

I don't think the F-35 fighter is going anywhere fast:

http://news.yahoo.com/ge-aviation-ends-f-35-fighter-engine-development-192056851.html