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The EU Constitution Is In The Toilet!
#21
Maybe I'll eat French Fries again!

And Sauerkraut!
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#22
It is not historically fair to the French to claim the Germans have always had their way with them. The French piss us off and in WWII they embarrassed themselves,but the Germans are who lost WWI&II and got treated like red headed step children.

It is not the French TODAY who have and pay for American troops to be stationed there,it is the Dutch,the British and the Germans.

JohnL thinks I'm full of it,but the French have more self respect than these 3 combined,IMO.

Yes,the French longing to be a major power globally amuses us Yanks,it does,but the German desires along these lines do not amuse us,they make us want to be prepared to destroy Germany once and for all.

If I thought for 1 minute Germany really was headed towards the old Germany,I'd scorch that place quicker than George Patton ran up the coast of Sicily. France pisses us off and amuses us with their attachments to their ancient history,Germany is not amusing.
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#23
Perhaps you think that because, as history shows, the Germans are NOT an impotent people.

Even if the French don't pay us, you know as well as I do they wanted us there to safeguard them during the cold war.

Rather then Self-respect, I think they just have a arrogant and large ego, one easily smashed sometimes.
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#24
Gunnen4u Wrote:Perhaps you think that because, as history shows, the Germans are NOT an impotent people.

Even if the French don't pay us, you know as well as I do they wanted us there to safeguard them during the cold war.

Rather then Self-respect, I think they just have a arrogant and large ego, one easily smashed sometimes.

Well, just to play Devil's Advocate, if you go back 300 years you would witness a French empire that would make Hitler (or even Napoleon) drool with envy. Until Sir Isaac Newton founded the Royal Mint and standardized a modern economic system for GB, France was the single most eminent power on the European Continent. Louis XIV was a very cunning emperor, and Versailles was The Seat of Western Civilization. England was a cultural backwater, and Spain was France's lapdog. The rest of Europe was their battlefield.

Things change though...
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#25
Both good retorts. France was a major power,today at her best France is a middling power,but cannot accept that reality.

I agree,France has a large national ego,but so do we Americans.

Healthy ego is OK,I think France is a little arrogant,but still,at least the French do not station US troops in Paris ,THEN treat us like sh.it like Brits ,Germans and Dutch do.

Think about this guys. Imagine we had Iraqi troops here to protect us,we pay for their stay and we HATE them.

How embarassing is that to you to imagine? Would you guys sit around telling how evil they were,yet want them to protect you?

Not me!
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#26
Seabird, I think that you are mixing up the Dutch with the French. the time period you mention was not the time of French preemminence, but that of the Dutch. They had a world class economy, and a world class fleet, for over 150 years.
___________________________________________________________________________________________________
All men are frauds. The only difference between them is that some admit it. I myself deny it.
H. L. Mencken
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#27
John L Wrote:Seabird, I think that you are mixing up the Dutch with the French. the time period you mention was not the time of French preemminence, but that of the Dutch. They had a world class economy, and a world class fleet, for over 150 years.

The Netherlands were a major power at the time as well and probably maintained the largest economic system and indeed modernized the free market trade system now in use. They also had powerful navy. I was remiss in leaving them out. But I think that France retained the more powerful land army, and enjoyed the greater cultural influence of the region.

I'm specifically addressing the latter 17th century and early 18th century. The last quarter of the 18th century saw a resurgence in French power during the Napoleanic Era, but by that time England as already well on her way.
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#28
The second shoe:

First exit polls from the Netherlands: 63% No, with >60% turnout.

Euro is at 8-month low.

I wonder if anyone was smart enough to short it...but the smartest move probably would have been to short Turkish lira...
Government is necessary because people left unchecked will do evil.

The government is composed of people left unchecked


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#29
Mike, I don't know how you would short a currency. Is it possible to short a currency? I think you would just sell it before it goes down and buy a different currency, like U.S. Dollars. But that would really just amount to avoiding the loss.
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#30
One might read 1632 for an interesting fictional account of the time and area.
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#31
Ron Lambert Wrote:Mike, I don't know how you would short a currency.

Ron, I don't know exactly either, but this is possible. Soros did this to the Asian currencies, making him both very rich and also the most hated person in Malaysia.

Would not making any contract payable in euros on a particular date (say, next week) be shorting?

---


Arrgh, someone else here likes Flint. 1632 was pretty good, too bad that he could not maintain the quality in the sequals. Did you read his latest already?

---

Meanwhile,

The Times: Dutch say 'nee' to EU constitution
Quote:Dutch citizens voted by a margin of almost two to one today to reject the draft constitution of the European Union, all but killing off the EU’s charter to bind its 25 member states more closely together.

This is the core problem: when one country says "Non" and the other "Nee", how can they go forward? Until they abolish national languages and switch to arabic, no progress is likely.

The Times: Eurosceptics celebrate death of EU constitution

Quote:British Eurosceptics celebrated tonight after the Netherlands’ resounding rejection of the EU constitution and said the dream of a “closer union” in Europe was now dead and buried.

Officials from the official ‘no’ campaign in the UK called on Europe's leaders to "respect democracy" and scrap plans to implement the constitution "by the back door".

Matthew McGregor from the campaign said: "This is a great result - the scale of the victory says it all. Europe's political elite must listen to the voters: we don't want this constitution and we don't want more EU integration. 'Ever closer union' has had its day.
..........................

Dutch voters rejected the charter by around 63 per cent to 37, a greater margin even than that seen in France on Sunday, when around 55 per cent of voters said no to the constitution. Both nations are founding members of the European bloc.

...........................
Government is necessary because people left unchecked will do evil.

The government is composed of people left unchecked


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#32
Shorting currencies is as easy as buying currencies.

Same with stocks,just call your broker and instruct him what to sell short and be prepared to lose your life savings...possibly.

Shorting has UNLIMITED loss potential,unlike buying and selling low.
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#33
Well, at least we prevented a former French president from doing other damage for a couple of years. :lol: Somehow all evil accumulated for this day: a bad referendum, terrible campaigning and on the worst possible issue. These events are bad news for Europe, I think all our big politicians were proponents because they feared an acceleration in the fall of Europe, I can't see any other reason why they produced so many lines of nonsense in the last few weeks.

If we get big system perturbation in about 2-5 years, the EU will probably be toast.
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#34
You know, the funny thing is that I missed that one. Somehow, I went right to the next one,1633, with Flint and Weber. I think it was because I am a Weber fan, have all the Harrington novels, and most everything else he wrote. Interesting writer.

And speaking about that, there are other ones also. I may just order a used one from Amazon. Good Heavens! The cheapest used one is $4.23 plus S/H. Shock

Anyway, it will be interesting to see what shakes out now that the French and Dutch have turned the EU Constitution down. Anybody have any ideas?
___________________________________________________________________________________________________
All men are frauds. The only difference between them is that some admit it. I myself deny it.
H. L. Mencken
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#35
One thing I am willing to bet the farm on:

Turkey is now either: doomed, running to beat the ban when it comes to EU entry or the road its on just got really rocky and lengthy.

Albris has some good cheap used books.

I got a good copy of The Cowboy and the Cossack, for only 20 bucks and it is a book out of print.
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#36
Turk rocket scientists thought pissing in our ear in early 2003 would gain them brownie points with the French and Hun.

It did.

Don't see the benefits of it,but I guess in early 2003 Erdogan thought he was 1 smart cookie. I hope Turkey ends up being the poorest state on the globe myself,I've come to pretty much despise them.
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#37
Well, this is interesting. Since the Euro is tied to the referendum, or at least those in the know seem to think so. So, what is happening to the Euro? Do you see that toilet at the start of this thread? Euro sinks further after ‘break up’ talk. It seems that some are preparing to abandon ship overnight. Is this true?
Quote:The German Bundestag is also said to have commissioned a report on the legal repercussions of a country wishing to leave the EMU.

Somehow, I suspect that there are a lot of folks wringing their hands and worried more than is presented on the face of things.

And get this. The Euro is falling only on a 'fear factor'. It still hasn't taken any hits over Europe's high tax rates, policy of tight money, and generally poor monetary policies. This just may be the opening shot of the fall to below parady with the US Dollar. If you see the Euro continue to slice, expect to see things starting to come home to roost and the Dollar gaining more than a 1:1 ratio.

I have my fingers crossed over this. You have no idea how many I have told that the Euro is due for a serious correction. I just love it when I am not only right, but do so in the face of an overwhelming majority of people who think I am crazy. 8)

And what is interesting is that the Fed still hasn't started to reign in on the liquidity issue. If they do that the Euro is really in for a rough ride. Wink1
___________________________________________________________________________________________________
All men are frauds. The only difference between them is that some admit it. I myself deny it.
H. L. Mencken
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#38
John L Wrote:Well, this is interesting. Since the Euro is tied to the referendum, or at least those in the know seem to think so. So, what is happening to the Euro? Do you see that toilet at the start of this thread? Euro sinks further after ‘break up’ talk. It seems that some are preparing to abandon ship overnight. Is this true?
Quote:The German Bundestag is also said to have commissioned a report on the legal repercussions of a country wishing to leave the EMU.

Somehow, I suspect that there are a lot of folks wringing their hands and worried more than is presented on the face of things.

And get this. The Euro is falling only on a 'fear factor'. It still hasn't taken any hits over Europe's high tax rates, policy of tight money, and generally poor monetary policies. This just may be the opening shot of the fall to below parady with the US Dollar. If you see the Euro continue to slice, expect to see things starting to come home to roost and the Dollar gaining more than a 1:1 ratio.

I have my fingers crossed over this. You have no idea how many I have told that the Euro is due for a serious correction. I just love it when I am not only right, but do so in the face of an overwhelming majority of people who think I am crazy. 8)

And what is interesting is that the Fed still hasn't started to reign in on the liquidity issue. If they do that the Euro is really in for a rough ride. Wink1

Well John, just don't rub it in too much. Wink1

Here is an additional link:

BBC News - Euro report whips up German storm

They seem to be blaming everyone but themselves in this matter for their failures.

Quote:The government is planning to blame the euro for Germany's economic weakness, the magazine added.

Now, the Europeans critique Bush on the handling of the US economy?

No more.
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#39
Quote:They seem to be blaming everyone but themselves in this matter for their failures.

Heh-heh.

In retrospect, it may be that everyone who pushed the Euro dream suffered from dementia.

It is simply impossible to have two or more countries sharing the same currency without provoking a crisis when their interests diverge. (and this is why one typically does not share assets with one-night stands...;... and this is why homosexual divorses are particularly messy...)

Argentina's dollar link did not work out so well for them at the end, and the Chinese dollar link will likely lead to a trade war before the end of the year. These are small example. Euro is going to be big, most likely.

But the Germans and the French should not be the ones to complain--after all, they were the ones that killed the stability pact. Tthe country to watch now is probably Italy --- it is likely to provide the next nail for the Euro coffin by overspending.

If we are denied the Italian show, we have five other attractions:

2. Schroeder being dismissed. -- September?
3. Possible uproar in some other European country about not having a referendum (Opinion Poll in Sweden: 70% say they should have had a chance to reject the constitution too)
4. UK killing the process by cancelling ther referendum -- likely soon.
5. Chirac being replaced by Sarkozi. Since it appears that Sarkozi has no French blood, he might make a good president...---by 2007
6. Turkey realizing that all the EU concessions were kinda .. stupid...
Government is necessary because people left unchecked will do evil.

The government is composed of people left unchecked


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#40
I'm having a grand time with this thing. I simply love to rub the noses of the elitist Europeans who are, by default, against us, into the limestone facing.

Ohhh! That Smarts!!
___________________________________________________________________________________________________
All men are frauds. The only difference between them is that some admit it. I myself deny it.
H. L. Mencken
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