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Thread: Screw the Greeks,Default First

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    Politics.ie Member mryoungdan's Avatar
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    Default Screw the Greeks,Default First

    Former BOE Official Buiter Says Greece May Be First EU Default - Bloomberg.com


    It is an absolute certainty that Ireland will default.

    I have been pilleried before for saying such a thing by the usual crew of deniers. If a country is going to default it should make the most of it.
    It looks as if the Greeks are going to pull a fast one and default ahead of the Paddies. They can never be first in anything. It is like FG, they have no self confidence. There must be something in the water. Come to think of it there is, flouride. Don't drink the water, it will make you stupid.

    The Greek finance minister says there is "ABSOLUTELY" no chance of a default. That is Greek for "he has called his broker to sell and short every Greek bond known to exist"

    An Irish default of course will be the best thing that ever happened to the Irish people but Magic Arse and Enda the Eejit and there record spinners here will say the opposite.

    Happy Christmas and never let it be said I never have good news

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    Politics.ie Member gombeennation's Avatar
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    hi youngdan - how long before you think ireland will default.
    isnt short selling irish stocks not allowed these days?
    if so how do i make money out of ireland defaulting.
    dont listen to the deniers - you were right all along.

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    Politics.ie Member mryoungdan's Avatar
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    Quote Originally Posted by gombeennation View Post
    hi youngdan - how long before you think ireland will default.
    isnt short selling irish stocks not allowed these days?
    if so how do i make money out of ireland defaulting.
    dont listen to the deniers - you were right all along.
    I thought it would have defaulted by now but I had not known they had a 20 billion cash cushion. It is interesting what they have done. They have over the past year set up a market in short term bills which there are now about 12 billion outstanding. They are paying about 1% on this money. It has allowed them to keep the cash cushion though and they are happy to pay the 1% juice. I presume this cash is in case there is a run on the banks and it is needed immediately.

    This bill market could be milked up to a fairly big figure outstanding while they roll them over and borrow more.

    Don't worry about making money. Do worry about holding on to any few bob you have

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    Politics.ie Member ballot stuffer's Avatar
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    I look forward to bumping this thread when you are inevitably wrong again.

    Although you have made so many off the wall predictions you are bound to get one right sometime.
    Sow the wind, reap the whirlwind.

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    Quote Originally Posted by mryoungdan View Post
    I thought it would have defaulted by now but I had not known they had a 20 billion cash cushion. It is interesting what they have done. They have over the past year set up a market in short term bills which there are now about 12 billion outstanding. They are paying about 1% on this money. It has allowed them to keep the cash cushion though and they are happy to pay the 1% juice. I presume this cash is in case there is a run on the banks and it is needed immediately.

    This bill market could be milked up to a fairly big figure outstanding while they roll them over and borrow more.

    Don't worry about making money. Do worry about holding on to any few bob you have
    Now now Dan you said categorically when pushed by me and others that we would default by the end of this year..... you are again clearly wrong.... you also said categorically that you researched this extensively, now you say you knew nothing of the 20bn cash cushion,(tut tut) eventhough all this information is freely available on numerous sites including the NTMA... looks like your analysis if flawed.

    Now you have decided to resurrect the call okay, no messin "Cock on the Block" time again... as you didn't answer the other posters question, I'll askit

    When are we going to default?.... you know that I'll not accept soon, withing months.... You are the sage of Boston you tell us all give us the month.....

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    Politics.ie Member mryoungdan's Avatar
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    Sure sure ballot. Gold is at 400 bucks, the iseq is at 8000, BS and Lehmans are not bankrupt. The 2 stocks I recommended on Dec 31st are not up 350%.

    Bottom line is I have made a fortune and it is all in the iseq thread.

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    Politics.ie Member mryoungdan's Avatar
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    Yes Ireland wll make it to the end of the year because I had not taken the 20 billion into account.

    But I dont mind as I had an excellent year

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    Quote Originally Posted by mryoungdan View Post
    I thought it would have defaulted by now but I had not known they had a 20 billion cash cushion. It is interesting what they have done. They have over the past year set up a market in short term bills which there are now about 12 billion outstanding. They are paying about 1% on this money. It has allowed them to keep the cash cushion though and they are happy to pay the 1% juice. I presume this cash is in case there is a run on the banks and it is needed immediately.

    This bill market could be milked up to a fairly big figure outstanding while they roll them over and borrow more.

    Don't worry about making money. Do worry about holding on to any few bob you have
    Another thing we discussed the 12bn last May, so you knew about it then, and now you say you didn't.... c'omn Dan were not all gullible...

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    Politics.ie Member mryoungdan's Avatar
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    Quote Originally Posted by Middleaged View Post
    Another thing we discussed the 12bn last May, so you knew about it then, and now you say you didn't.... c'omn Dan were not all gullible...
    You pull up the post and then we will not need to be gullable now will we.

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    Politics.ie Member ballot stuffer's Avatar
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    Quote Originally Posted by mryoungdan View Post
    Sure sure ballot. Gold is at 400 bucks, the iseq is at 8000, BS and Lehmans are not bankrupt. The 2 stocks I recommended on Dec 31st are not up 350%.

    Bottom line is I have made a fortune and it is all in the iseq thread.
    And more power to you, don't let the smelly socialists get their hands on it.

    The government seems determined to cut and tax their way out of this, the only way I can see default is if there is a major double dip shock to the bond markets or if Labour gets an overall majority .
    Sow the wind, reap the whirlwind.

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