New Posts For Thread: If Italy, Spain, Portugal and Greece went bankrupt..........https://community.betfair.com/tradefair__financials/go/thread/view/94198/28024821/if-italy-spain-portugal-and-greece-went-bankruptwhat would be the finacial consequences for us?Berlusconi........."nothing fundamentally wrong with the economy....all the doing of outside influences..."..like heving a deaf and blind man navigating a supertanker filled with oil navigating the antarctic icebergs....dopey c***https://community.betfair.com/tradefair__financials/go/thread/view/94198/28024821/if-italy-spain-portugal-and-greece-went-bankrupt?post_id=504114093#504114093Berlusconi........."nothing fundamentally wrong with the economy....all the doing of outside influences..."..like heving a deaf and blind man navigating a supertanker filled with oil navigating the antarctic icebergs....dopey c***Thu, 04 Aug 2011 11:35:34 -0500http://www.bbc.co.uk/news/business-14385636https://community.betfair.com/tradefair__financials/go/thread/view/94198/28024821/if-italy-spain-portugal-and-greece-went-bankrupt?post_id=504058911#504058911http://www.bbc.co.uk/news/business-14385636Wed, 03 Aug 2011 10:15:37 -0500..spain and italys borrowing costs continuing to rise...once it gets to 7 or 8 % then is unsustainable for them to borrow from the markets.......and they are too big to turn to the European Central Bank.............August usually a time of volatiltyhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28024821/if-italy-spain-portugal-and-greece-went-bankrupt?post_id=504010723#504010723..spain and italys borrowing costs continuing to rise...once it gets to 7 or 8 % then is unsustainable for them to borrow from the markets.......and they are too big to turn to the European Central Bank.............August usually a time of volatiltyTue, 02 Aug 2011 10:45:08 -0500Call me a defeatist or whatever, but nothing's going to really change.Unless there is a world wide war ( religious) where the Islamic approach to banking, money lending takes over.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28024821/if-italy-spain-portugal-and-greece-went-bankrupt?post_id=503793349#503793349Call me a defeatist or whatever, but nothing's going to really change.Unless there is a world wide war ( religious) where the Islamic approach to banking, money lending takes over.Thu, 28 Jul 2011 14:41:53 -0500The rich getting richer and the poor getting poorer has been happening all along in this system and the gap has widened since 2007. So you're not telling us anything new.In a complete "re-set" however, it's quite possible the rich will get richer (inhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28024821/if-italy-spain-portugal-and-greece-went-bankrupt?post_id=503785353#503785353The rich getting richer and the poor getting poorer has been happening all along in this system and the gap has widened since 2007. So you're not telling us anything new.In a complete "re-set" however, it's quite possible the rich will get richer (inThu, 28 Jul 2011 12:01:29 -0500All that will happen is that the rich will get richer and the poor will get poorer,Why shouldn't history just repeat itself ?https://community.betfair.com/tradefair__financials/go/thread/view/94198/28024821/if-italy-spain-portugal-and-greece-went-bankrupt?post_id=503782655#503782655All that will happen is that the rich will get richer and the poor will get poorer,Why shouldn't history just repeat itself ?Thu, 28 Jul 2011 11:07:26 -0500My reaction to your last post......since I didn't participate when you originally asked the question:1. America, Japan, Spain, Italy, Portugal, Greece, and Ireland ARE bankrupt with public debt that they will never be able to repay, it's just that wehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28024821/if-italy-spain-portugal-and-greece-went-bankrupt?post_id=503771705#503771705My reaction to your last post......since I didn't participate when you originally asked the question:1. America, Japan, Spain, Italy, Portugal, Greece, and Ireland ARE bankrupt with public debt that they will never be able to repay, it's just that weThu, 28 Jul 2011 06:42:40 -0500So if America, Japan, Spain, Italy, Portugal,Greece, Portugal and Ireland all went bankrupt it would basically be an apocalyptic vision we'd all be trying to eat as many things we could grow in our own gardens and they'd be nothing to buy in the shophttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28024821/if-italy-spain-portugal-and-greece-went-bankrupt?post_id=503764169#503764169So if America, Japan, Spain, Italy, Portugal,Greece, Portugal and Ireland all went bankrupt it would basically be an apocalyptic vision we'd all be trying to eat as many things we could grow in our own gardens and they'd be nothing to buy in the shopThu, 28 Jul 2011 03:03:35 -0500I know you're all just waiting for the mass of ordinary people like me to follow like sheep, as we are just just being led by the nose by whomever is in political power at any moment in time after all.We'd all perhaps even be content to believe ( anhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28024821/if-italy-spain-portugal-and-greece-went-bankrupt?post_id=503711441#503711441I know you're all just waiting for the mass of ordinary people like me to follow like sheep, as we are just just being led by the nose by whomever is in political power at any moment in time after all.We'd all perhaps even be content to believe ( anWed, 27 Jul 2011 14:10:58 -0500Sorry Live 4's on board, Banwana's still apparently sceptical ( apologies B).https://community.betfair.com/tradefair__financials/go/thread/view/94198/28024821/if-italy-spain-portugal-and-greece-went-bankrupt?post_id=503710885#503710885Sorry Live 4's on board, Banwana's still apparently sceptical ( apologies B).Wed, 27 Jul 2011 14:05:11 -0500