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  #201  
Old 17.05.2012, 16:52
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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Fixed that for you
The AMERICAN TAXPAYER bailed you out.
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  #202  
Old 17.05.2012, 17:16
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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Interesting that you equal succes with higher wages. I was refering to his rather bitter posts about social life in Switzerland.
I'm not bitter about Switzerland at all. I love Switzerland, it's history, culture and many contributions it has made to the world. I'm just offering some counterpoint because of one of the only things I don't like about Switzerland is that it's ultra-defenders, like those ultra-defenders of the United States, have their own self important reality of their country which is not in accord with the facts. If you knew me, you would see me just as, if not more so, critical of the United States and the b.s. that goes on here, but this is a Swiss forum, not a United States forum.

The US taxpayers bailed out UBS through a swap agreement through our Federal Reserve bank, the secretive government agency that is totally unaccountable, but totally funded by, you guessed it, the American taxpayer. The bailout was used by the Swiss National Bank to purchase mortgage backed securities from UBS. Sick thing about that was, the FOMC never actually approved the bailout

The United States has historically stellar relations with Switzerland in trade. The total number of goods and services traded with Switzerland was nearly $70,000,000,000 in 2009, and U.S. investment in Switzerland has been ever increasing (I think it's something along the lines of $148,000,000,000 USD invested in Switzerland).

Unfortunately, a minority of Swiss citizens give me and other Americans pause when they arrogantly refuse a reasonable request to give the US government public lists of criminals for travel security purposes, and then act as though there is no remedy that the US can, or should take against them.

It's not Switzerland that I have a problem with, it's the minority of people with that kind of attitude I have a problem with.
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  #203  
Old 17.05.2012, 17:18
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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Yes, the man apparently persevered or even succeeded in commercial / financial terms but failed in the social respect.
I didn't fail in any respect. I still maintain good relationships with my Swiss friends, just followed better opportunities and personal preferences elsewhere. Gotta love the ad hominem attacks on this board.
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  #204  
Old 17.05.2012, 17:20
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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At least our a***s don't belong to China.
Everyone's asses belong to China.
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  #205  
Old 17.05.2012, 17:26
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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Wrong ? the UBS was bailed out by the Swiss taxpayers (not USA)
Yes, you are wrong, and quite arrogant. I never said the US was the number one trading partner with Switzerland (although it's a larger - and more important - trading partner with the European Union than is Switzerland ) UBS was bailed out in part by American taxpayers through a swap agreement with the Federal Reserve.

As far as this Burkhalter fellow in concerned, he is powerless against a country that, right or wrong, is in a position of power to dictate what the policy is going to be. You're not dealing with France here.
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  #206  
Old 17.05.2012, 17:50
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Everyone's asses belong to China.
Every American's ass, that's for sure.
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  #207  
Old 17.05.2012, 17:51
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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True and what's Switzerland's level of national debt again?

When you think about it, for a country that small THAT amount of debt is mind blowing.
Switzerland - 38% of GDP
USA - 76% of GDP.

Now what was your point again?
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  #208  
Old 17.05.2012, 17:57
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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Yes, you are wrong, and quite arrogant. I never said the US was the number one trading partner with Switzerland (although it's a larger - and more important - trading partner with the European Union than is Switzerland ) UBS was bailed out in part by American taxpayers through a swap agreement with the Federal Reserve.
Care to provide some evidence on that? All I can find is a Swiss bailout with some support from Singapore and the Middle East.
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  #209  
Old 17.05.2012, 17:57
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The AMERICAN TAXPAYER bailed you out.
If that were true (which it simply isn't): anything the US have been investing in over the last decade or so, including the military, the wars, the bailout, the incentive program etc. was financed using Chinese money. Essentially, you don't even own the air you're breathing right now. You might want to take it back on the criticism a tad until you've cleaned up your own mess. I have the feeling you won't realize that your whole country belongs to China until the Chinese impound vans start showing up in Washington D.C. (figuratively speaking, of course, although that would be quiet some show)
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  #210  
Old 17.05.2012, 18:03
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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Every American's ass, that's for sure.
Yes and your ass too.
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  #211  
Old 17.05.2012, 18:04
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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Care to provide some evidence on that? All I can find is a Swiss bailout with some support from Singapore and the Middle East.
http://www.realclearpolitics.com/201...nk_260014.html
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  #212  
Old 17.05.2012, 18:05
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Yes and your ass too.
Care to offer some proof?
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  #213  
Old 17.05.2012, 18:07
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Finally something substantial from you. Anyway, I still prefer owing the Chinese the money only indirectly - they'll go after you guys first :-)

Also, the Swiss taxpayer paid 60 billion Swiss Fr. as well to save UBS's butt.
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  #214  
Old 17.05.2012, 18:09
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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If that were true (which it simply isn't):
Yes, it is true. NEXT!

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anything the US have been investing in over the last decade or so, including the military, the wars, the bailout, the incentive program etc. was financed using Chinese money blah blah blah
Wrong.

Next.
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  #215  
Old 17.05.2012, 18:13
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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Finally something substantial from you.....
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Yes, it is true. NEXT!

Wrong.

Next.
He got back out of the habit again pretty quickly! I'm still waiting for a comment on the debt numbers.....
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  #216  
Old 17.05.2012, 18:14
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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Finally something substantial from you. Anyway, I still prefer owing the Chinese the money only indirectly - they'll go after you guys first :-)

Also, the Swiss taxpayer paid 60 billion Swiss Fr. as well to save UBS's butt.
I'm aware of that, and never disputed that point. Like i said, I don't have anything against Switzerland, just the anti-American mentality espoused by a minority of Swiss. God knows the U.S. has it's problems, but you better hope that the U.S. pays it's debt to China, or the world economy - and China - will collapse.

When you think about it, what do the Chinese really own? What if the U.S. defaulted on it's debt. Economic panic and terror would take the world by storm, but the Chinese wouldn't simply be able to enter the United States and take land as collateral. They don't have the military strength and China would conceivably be destroyed (along with, possibly the US). That's why that's never going to happen. Be glad Americans invest in your country. If the Swiss are not happy with the money, they can always send it back.
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  #217  
Old 17.05.2012, 18:16
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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Yes and your ass too.
Nah, Switzerland is the fourth largest net creditor in the world.

If you'd read the article correctly, you'd have understood that this does not mean that the american taxpayer footed the bill.
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  #218  
Old 17.05.2012, 18:27
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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He got back out of the habit again pretty quickly! I'm still waiting for a comment on the debt numbers.....
you want to talk about the national debt? Start a thread. But briefly, according to the IMF, Switzerland's debt this year is 51% of it's GDP. Significantly lower than the United States. But the picture changes when you consider gross external debt.

If you look at the Gross External Debt of the United States v. Switzerland, here is how the numbers match up. United States GED is $15,570,789,000,000. That comes to $&1000000000004756800000047,568 per person, and comprises 101% of GDP. That's nearing crisis levels. So Switzerland must be in better shape?

Not so fast. Switzerland has $1,200,000,000,000 in Gross External Debt, which comes to $154,063 per Swiss person and makes up 229% of Switzerland's GDP. If the US is nearing crisis levels, Switzerland is there or has exceeded the US. The Swiss owe more than 3.2 times, per person, external debt than the United States.

Granted, Switzerland is a net creditor, however, it depends on the economic stability and well being of its debtor nations to collect on that debt. With the Eurozone in a precarious position, Switzerland's own future could hang in the balance (which is not something I would want to see).
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Old 17.05.2012, 18:28
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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If you'd read the article correctly, you'd have understood that this does not mean that the american taxpayer footed the bill.
If you knew anything about swaps, you would realize that we did.
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  #220  
Old 17.05.2012, 18:38
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Re: USA threatens Switzerland: give us your criminal records, or no more visa-waiver

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I didn't fail in any respect. I still maintain good relationships with my Swiss friends, just followed better opportunities and personal preferences elsewhere. Gotta love the ad hominem attacks on this board.
Neither did the USA bail out Swiss banks nor did we speak about you, unless you have changed your nickname and are the one who previously was around as something like "Nielsen". The UBS matter was checked up continuously by experts and the media, and UBS was never rescued by a US agency. Quite to the contrary, by bailing UBS out, the Swiss taxpayer helped UBS to keep up its US presence and so saved lots of jobs in the USA. While it might have been better to have UBS being sold to an Asian or Arab bank and to have all UBS outlets in the USA being closed down. Sure, this all is history and UBS back on track. UBS in the meantime paid back a lot of the money it got. UBS even claims that the Swiss Confederation even made a profit by that bail-out action. But back to the banking crisis again. The mistake of both UBS and CS was to get so heavily into the USA business

Last edited by Wollishofener; 17.05.2012 at 18:48.
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