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Hungary on edge of bankruptcy
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Damien McElroy
Telegraph
February 26, 2009
The birthplace of the Rubik’s Cube has provided its government with a multi-sided financial crisis that defies any ingenious solution.
- A d v e r t i s e m e n t
The forint currency has plummeted and unemployment has ballooned, creating a voracious debt trap that is sucking down banks backed by Western taxpayers, particularly those of Switzerland and Austria.
Laslo Gulyas, a Budapest barman, is one of the lucky few who can still meet his repayments. “In times of trouble people need to keep drinking,” he bleakly noted at the counter of a handsome pub in Habsburg-era building.
“But it is sure now that many people with mortgages that were taken because they were cheaper than local loans, have lost their jobs and can’t generate the money to make the repayments.”
For almost a decade Hungary binged on cheap foreign loans taken out in Swiss francs and euros. It was a regional trendsetter. Foreign banks targetted the newly liberated central and eastern European states hoping to expand rapidly in new markets.
“People’s desire for wealth was not bound by the forint,” said Laslo Czirjak, a Budapest fund manager. “They borrowed in Swiss francs, euros and, even for a time, Japanese yen was available – it was just nuts.”
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February 26th, 2009 at 3:05 pm
Hungarian Goulash is respected world wide.
Cut the Bankers off -
From Hungary Reply:
February 27th, 2009 at 3:55 am
Yeah, and we have beautiful women too
kori Reply:
February 27th, 2009 at 7:59 am
Yeah…and we have the worst mentality and business politics…women and goulash….that is pretty much where it begins and ends!
Gold is cold hard cash Reply:
February 28th, 2009 at 8:43 pm
Time for each Nation to go back to Gold to back their dollar. The stock market is a fraud because there is nothing to back up its currency and billions are exchanged digitally, which one slip of a key and it is gone forever, which is what our banks are going with. Assumed monies is not hard cold Gold backing it because there is not enough gold in the reserves to back it and so what happens is there is a debt.
Time for each Nation to go back to having their own currencies backed by Gold, silver, platinum or other precious metals. If they would be smart enough to dump the Euro they would end their crisis in Europe if each Nation went back to its own currency.
That way, when one nation falls into economic crisis they don’t take everyone else down with them.
February 26th, 2009 at 3:18 pm
Wait brothers in Hungary. Soon EU will break and we will create Slavic union. Natural and everlasting and we will show them what a true brotherhood means!
Polak, Węgier dwa bratanki…
From Hungary Reply:
February 27th, 2009 at 3:59 am
Well, we are not exactly slavs of origin, but we have the same saying in Hungary about the friendship with Poland.
Stay safe brother.
tom Reply:
February 28th, 2009 at 10:19 am
popieram!
February 26th, 2009 at 3:56 pm
http://www.ExposingChristianity.com
Contrary to what most people have been indoctrinated with, Judaism, Christianity and Islam are relatively new religions. Humanity goes back tens of thousands of years. These three have worked relentlessly to keep us from spiritual knowledge and using this power, of which all of us have.
Gary Reply:
February 26th, 2009 at 4:14 pm
I think you meant civilization goes back tens of thousands of years. Humanity is over 2.5 million years old. But, anyway, there is some indication that a great deal of history has been withheld from us.
singledad1234 Reply:
February 26th, 2009 at 8:10 pm
Humanity is six thousand years old
we were NEVER CAVE MAN
EVER
Vic Reply:
February 27th, 2009 at 1:39 pm
This one isn’t true, there were civilizations before.
Serb Reply:
February 28th, 2009 at 2:28 am
yep google ancient nuclear war in india
ANTHONY STUART Reply:
February 28th, 2009 at 8:31 pm
no one ever suggested cavemen single dad. but the history that we are not allowed to learn about in school tells a bit more.
Jack Hoff Reply:
March 1st, 2009 at 8:42 pm
Hey singledad……The mayans are older than 6,000 years….explain that you fuckin’ Jesus freak
The Administrator Reply:
February 26th, 2009 at 6:43 pm
Dude, what does trying to divide people based on their religious beliefs have to do with the cause of liberty? If you believe that it’s all a scam then you have a right to that, but please stay on subject and stop spamming this comment section. No one wants to watch your stupid video.
Thank you, the Administrator
P.S. If you want to post videos at least say something substantive, on subject, with it.
ANTHONY STUART Reply:
February 28th, 2009 at 8:39 pm
i was thinking that too, but i had to leave one little comment on it.
my bloodline is Magyar, if any Hungarian people read this than they may recognize my families last name (Varady) and it looks like history just keeps repeating itself, these same bloodlines just keep reshaping borders, populations, religions, and reality in general. i am manifesting positive vibrations to your situation. stay aware, and remember to be peace…
Seal Reply:
February 26th, 2009 at 10:48 pm
So, you’ve shown that you have learned how to cut and paste, my oh my…
Can you not think and write at the same time that you have to put the same pathetic comment; WRONG WORDS! The error of your’s on every site?
Go copy 9/11 chronicles truth rising and make 50 copies and give them to everyone in your daily or weekly agendas…
Now smarten up…
February 26th, 2009 at 4:11 pm
Don’t sweat it! The US Treasury & FED will just cough up some of those “unlimited dollars” they pledged at the onset of the crisis. Just roll those presses a few extra hours of overtime, boys! What’s a couple extra trillion dollars now. Pffft, freaking chump change! Those stupid taxpaying useless eaters aren’t ever going to catch on.
Oh when the shit hits the fan here….
1969, the summer of love,
2009, the age of RAGE!
And I get to experience them BOTH.
What a difference a little time makes.
February 26th, 2009 at 4:38 pm
Who’s hungry? Turn the soil, sprinkle seeds, pat down the dirt, water area daily, watch plant grow, pick & eat, repeat….
singledad1234 Reply:
February 26th, 2009 at 8:12 pm
i have a ten thousand square foot garden
my own meat
and jars to put it all in
JUST WANT A GOOD WOMAN
fourty two
single
ontario
Devils Advocate Reply:
February 27th, 2009 at 2:11 pm
You put your meat in a jar?!? You really do need a woman!
Serb Reply:
February 28th, 2009 at 2:30 am
you need a good russian farm woman
February 26th, 2009 at 4:42 pm
If there is a Gawg, everything we need to know is built into the DNA coding in all living things. Not some book & TV preacher with nationwide 800 # that wants your Visa,M/C number.
Vic Reply:
February 27th, 2009 at 1:40 pm
True.But praying helps(not via TV preacher)
February 26th, 2009 at 5:55 pm
REPENT.UNITE.RESIST.
February 26th, 2009 at 6:05 pm
Some how in the USA we need to have the Irs audit the federal reserve, then the public supply the ammunition in there shoot out, we know this won’t happen because you can’t audit money that was created out of thin air………even at the gas price here I think pales of gas and lighters should be offered as well.
February 26th, 2009 at 7:42 pm
Where’s Vlad when we need him?
nader paul kucinich gravel Reply:
March 1st, 2009 at 1:04 pm
Impaling gulyás!
February 26th, 2009 at 8:00 pm
You are correct Gary, Humanity has been lied to. The best way to hide something is in plain site and if you tell a lie big enough people will believe it because they can’t believe that somebody would tell a lie like that. Look at the Pyramids and the Sphynx (water erosion) and other parts of the planet that have structures and such, we have been around for long long time. People need to remember when the last ice age happened, it lowered the seas by 120 meters. So like all civilizations, they are always by the ocean or a river valley that is lush. Many of these sea structures we see (off of japan for one and the reported acient kingdom in India that was swallowed up by the ocean) could have been ancient cities and such from eons ago that where swallowed up in the last ice age or the one preceding the last one. Remember Northern Africa aka Sahara Desert and especially Egypt looked different during the last ice age, it was temperate and lush and had rain fall.
Maybe the reason why the govt. and academia and religous groups don’t want people to look into this is because it would change world view of ourselves and our institutions. We would be the remnants of ancient worlds that thrived and came back from the “dark ages”. Could it be that Noahs flood was based on an earlier time 9 or 10 thousand years ago when the Ice started to receed. It happened in the upper plain states here in the US, when it started to warm up there where trapped massive bodies of water behind ice walls that broke out and flooded massive areas of the upper plains why couldn’t it happen anyplace else during the thaw. And what about the dark ages which people talk about following the end of the Roman empire. What if that made reference to us being in the dark ages up until recently from very ancient times. Heck today we couldn’t build the Pyramids if we tried, and that is with robotics and machinery and “advanced” construction. We are survivors of a lost epoch that happened eons ago.
Also to get back to the story, Eastern Europe is about to implode and it will take the EU with it this year.
February 26th, 2009 at 8:15 pm
NOAHS ARK HAPPENED JESUS IS GOD
believe what you want the people that got out of the ark did
I LOVE IT kill all the christians if your so dam sure
god is not real
KILL US ALL this week any true follower of JESUS CHRIST
will be HAPPY TO DIE and LEAVE YOU THIS SHIT WORLD
ON ITS WAY TO ONE WORLD GOVERNMENT and THE MARK OF THE BEAST
READ DANIEL READ SECOND TIMOTHY CHAPTER THREE READ REVELATION
Yagottabejokin Reply:
February 27th, 2009 at 6:24 am
I,ve met quite a few of you creationist believers and the one thing you all have in common is that you can count to four , well some of you can ……I,ve never met an intelligent Creationist , but hey , maybe I don,t get out enough.. :-]
Vic Reply:
February 27th, 2009 at 1:42 pm
It’s because you don’t understand where science(metaphysics, quantum physics ) and spirituality meets. Get your education.
BigTim Reply:
February 28th, 2009 at 8:17 pm
In genesis God told Adam and Eve to REPLENISH the Earth, what was was pre-adamite. If you start with two people , a man and a woman and from that point forward the population would only need to double every 180 years to get and after only 6,000 years you would have over 8 billion LIVING people. You scoffers out their have a right to deny Truth. There was a great or many great civilizations prior to Adam and Eve. It was all turned into a void (satanic flood). Satan was a ruler . You can read about it in Isiah. Anywho, one thing is for sure. WE ARE ALL IN FOR ONE HELL OF A RIDE. Some of us won’t have to see all of it through , Praise be to Jesus. Just a few blogs of mine will remain of me, Amen and Hallelujah !!!! What a day that will be when my savior’s face I see……. just get yourself saved and join the winning team.
BigTim Reply:
February 28th, 2009 at 8:20 pm
” the population would only need to double every 180 years for 6,000 years to get over 8 billion living people” ……… sorry for the horrific typing
Vic Reply:
February 27th, 2009 at 1:33 pm
singledad1234- I absolutely agree.
February 27th, 2009 at 12:50 am
Where’s Attilla when you need him most ?!
Radu Reply:
February 27th, 2009 at 2:58 am
He’s dead and you are in deeeeeep s*it. So whar are you goind to do ?
February 27th, 2009 at 3:00 am
Ohh, they don’t even know who is the prime minister!
There is a different person in the picture. The prime minister looks similar but it
is not him. The real one looks like this:
http://www.origo.hu/i/0803/20080317gyurcsany.jpg
Vic Reply:
February 27th, 2009 at 1:35 pm
Szia nagymedve!
February 27th, 2009 at 3:16 am
FROM DRUDGE: http://abcnews.go.com/Politics…..amp;page=1
GET READY WHILE YOU STILL CAN!!!!!!!!!!
Devils Advocate Reply:
February 27th, 2009 at 2:09 pm
That page does not exist.
February 27th, 2009 at 7:57 am
This country sucks when it comes to politics and money…I know I live here…The mentality and the business politics of this nation is F…d
February 27th, 2009 at 11:00 am
robertcornforth.com …………Unite ! Fight the power !
February 27th, 2009 at 11:27 am
Dont’t worry “Hungry”, we are right behind you!
February 27th, 2009 at 1:34 pm
hahahahahahaha
February 27th, 2009 at 2:04 pm
I’m hungry and close to bankruptcy. Do I get a bailout?
February 27th, 2009 at 6:11 pm
u jesus freaks will start it all ,!!!…after that i am personally!! …KKKick ! the shit outa your asses ….think very HARD u freak of nature!!!…..grow up !!!
February 28th, 2009 at 3:50 am
Hungary has been pushed around long enough, time to get some brass balls and take back Transylvania.
February 28th, 2009 at 10:10 am
Alex,everyone, PLEASE, share this information,
WARNING! Water rationing days away in CALIFORNIA. Says Mayor Villaraigosia/Governor, I just heard the news report on mainstream talk radio 640KFI.
California first than the rest of the South Western part of the U.S.
On March 1, farms in Northern CA will have there irrigation systems turned off for three weeks.
No food no water!
If California goes so goes smaller more helpless states.
This is heartbreaking its as though someone wants to STARVE us out. I would be careful accepting there water rationing devices because ‘they’ will be able to control them remotely.
Good luck, guys!
http://www.businessgreen.com/b.....g-pipeline
March 1st, 2009 at 3:20 am
Hungary is pretty much financially stable because Hungary is one of the countries that hijacked the US economy because of outsourcing. I see most US companies fleeing to Hungary and that why our US economy is in the plunge.
So i dont believe this article at all for one bit. Hunagry is doing well and good and people have the money here. Everything is nice and rosey here compared to the US. The US has no career at all.
March 1st, 2009 at 8:03 pm
fcuk o”BAAAA”ma + his zio-neo-scum criminal cronies !!!
Info-Warriors …………………………. victory or death !!!!!!
It’s revolution time
March 2nd, 2009 at 12:20 am
Yes….your right.
Hungary has no recession and we have a future here in Hungary rather in the US.
The US is a sinking ship and you can thank your US Government for this by outsourcing our precious US corporations…
Once again, this article about Hungary is BS!!!!! Its a false statement and Hungary is stable and doing well with its unemployement rate DROPPING to nearly 50 percent….
March 2nd, 2009 at 2:28 am
What of the Roma People?