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Kraken EUR SEPA deposit and withdrawals

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EURO is a pumped up civil servant coin. It is used to fatten the political white collar criminals in Strasbourg. Draghi opend the flood gates of kwantitative easing and is creating approx. 65 billion euro’s monthly ‘out of thin air’ every month.

Europe has massive liquidity problems because the political morons in Strasbourg want to keep up subsidising Italy, Greece and Spain. A lost cause worsening by the month.

Sorry, with Brexit creating additional problems, no good news in Europe. The only light in the sky is Christine Lagarde who will shine her bright intelligent light as commander and chief of the ECB from the 1st of november.👍

Edited by cryptoxrp

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1 hour ago, cryptoxrp said:

EURO is a pumped up civil servant coin. It is used to fatten the political white collar criminals in Strasbourg. Draghi opend the flood gates of kwantitative easing and is creating approx. 65 billion euro’s monthly ‘out of thin air’ every month.

Europe has massive liquidity problems because the political morons in Strasbourg want to keep up subsidising Italy, Greece and Spain. A lost cause worsening by the month.

Sorry, with Brexit creating additional problems, no good news in Europe. The only light in the sky is Christine Lagarde who will shine her bright intelligent light as commander and chief of the ECB from the 1st of november.👍

They did everything but subsidising Italy, Greece and Spain.

Are you a Trump follower?

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8 hours ago, tulo said:

They did everything but subsidising Italy, Greece and Spain.

Are you a Trump follower?

Are you a civil servant?

The Euro and European Union is the biggest wealth transfer to Strasbourg and the South of Europe this and the last century. The amount in government loans (for Greece, Spain and Italy) which will have to be written of is in the billions and billions.

And who is paying for that? The north of Europe (including the UK).

It is the primary reason the UK wants to leave the European union. That is todays reality. If you like it or not.

Some programs of Trump I do like. Especially the way he is confronting the Chinese trade agreement. He is the first US president who has the guts to openly state the case. But there are other things about him I do not like.

Edited by cryptoxrp

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10 hours ago, cryptoxrp said:

And who is paying for that? The north of Europe (including the UK).

Ah ok, now I see...you are a frustrated Briton who voted yes to brexit and now you are ****** off because EU is not keeping all the privileges to UK :).

Check here:
https://europa.eu/european-union/about-eu/countries/member-countries/italy_en#targetText=Total EU spending in Italy%3A € 9.795 billion&targetText=Total Italian contribution to the,% of its GNI%3A 0.70 %

https://europa.eu/european-union/about-eu/countries/member-countries/unitedkingdom_en#targetText=Breakdown of the UK's finances,EU budget%3A € 10.575 billion

Italy is contributing € 12 billion to EU and receiving € 9.795 billion (paying more than receiving). It's paying 0.70 % of it's GNI to EU, while UK is only paying 0.46% of it's GNI.

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1 hour ago, tulo said:

Ah ok, now I see...you are a frustrated Briton who voted yes to brexit and now you are ****** off because EU is not keeping all the privileges to UK :).

Check here:
https://europa.eu/european-union/about-eu/countries/member-countries/italy_en#targetText=Total EU spending in Italy%3A € 9.795 billion&targetText=Total Italian contribution to the,% of its GNI%3A 0.70 %

https://europa.eu/european-union/about-eu/countries/member-countries/unitedkingdom_en#targetText=Breakdown of the UK's finances,EU budget%3A € 10.575 billion

Italy is contributing € 12 billion to EU and receiving € 9.795 billion (paying more than receiving). It's paying 0.70 % of it's GNI to EU, while UK is only paying 0.46% of it's GNI.

Funny, you are probably a frustrated Italian civil servant who is ****** off because Italy's debt exposure to European countries is putting the whole of Europe in a doomsday stranglehold....

Check here:  https://www.dw.com/en/debt-and-doom-loops-the-eurozones-italian-nightmare/a-50019077  and the article conclusion at the bottom:

"Were Italy to try to leave the eurozone in the coming years, there could only ever be a disorderly departure, if such a departure were even possible. Although still very much an extreme, hypothetical scenario, a disorderly euro exit would increase the possibility of Italy defaulting on billions of euro debt.

From that rises the specter of what would be the largest default in economic history.

The consequences for Europe in an economic age already jolted by Brexit, the China-US trade war and indeed, the longer-term effects of the Greek debt crisis, hardly bear thinking about."

And that is only the Italian story. But my friend you are entitled to your opinion but be sure mine is based on economic fundamentals. And yes all countries in the EU have to pay their assigned ratio of euro's. That has been fairly calculated and is nothing to be emotional about. This is a debt/liquidity crisis.... and it is getting worse.... day by day.

Edited by cryptoxrp

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4 hours ago, cryptoxrp said:

And that is only the Italian story. But my friend you are entitled to your opinion but be sure mine is based on economic fundamentals.

Your economic fundamentals is what brought EU and the world in this situation. Economic models that don't work, which are based on debts and which are going to fail and collapse. And for sure it't not the faults of Italy, Spain or Greece.

4 hours ago, cryptoxrp said:

From that rises the specter of what would be the largest default in economic history.

I really can't wait for that. I hope everything will collapse and show how bad is actual economy. 

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23 hours ago, tulo said:

Your economic fundamentals is what brought EU and the world in this situation. Economic models that don't work, which are based on debts and which are going to fail and collapse. And for sure it't not the faults of Italy, Spain or Greece.

I really can't wait for that. I hope everything will collapse and show how bad is actual economy. 

Don’t put words in my mouth my friend. The economic fundamentals I am talking about are a the present situation. That does not mean I endorse them.

The fact that the south European countries have week ethics about borrowing billions of euros at the expense of the entire European Union is the real problem. And that will have to change for the EU to have a future.

I personally hope that the financial situation in the EU will somehow improve with the new ECB leadership (Christine Lagarde). Additional financial adjustments for the South of Europe will be a priority.

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