Posted on 06/20/2012 10:59:42 AM PDT by ex-Texan
Europe plunged deeper into crisis last night as Spain lurched closer to needing a full-blown bailout to save it from collapse.
The government in Madrid was forced to pay prohibitively high interest rates to borrow money on another bruising day for the single currency bloc.
It raised fears that Spain is on the verge of becoming the biggest victim of the euro crisis so far following the bailouts of Greece, Ireland and Portugal.
Please read the rest at the source
(Excerpt) Read more at dailymail.co.uk ...
When inflation is near zero and falling, and other countries in your area are selling bonds at negative interest rates, 7% is high enough to destroy a country with the debt of Spain.
Dude, you need a barf alert for your own posts. Not to mention the picture looks fake as hell. Look! Is that Meryl Streep standing guard? And even if we assume these bogus FEMA camps were real, just who would allow themselves to be packed up and carted off to one?
Again, what is your solution?
Couldn’t have said it better myself-——but I would have tried to wedge Barney Frank in there someplace.
Spain Eliminates Green Energy Subsidies Green Energy Industry Promptly Exists Spain
Probably quite true,the Banking system in Europe is pretty much state protected and sanctioned.Citizens in these countries can’t default on their debts and have no legal recourse if failing Banks freeze their deposits.
European views of corporations in many cases,is as just more State assets.The executives.along with much of the senior management,only earn so much..
It is not so much an orwellian system as an incestous one.The same people who dominate politics tell the corporations how much taxes they’ve got to pay and in exchange they put laws forward. to defend corporate property.
In a sense it is a bit like communism,ant idea and any direction comes from a government sanctioned figure.So basically you end up with leftist luminaries coming up with hyped up nonsense.Which the rest of that particular country then treats as if it is manna from heaven.
.
You’re about right but the entertaining part to me is that now they’re all too broke to buy bullets. The Eurotrashes are pretty much down to flinging old underwear at each other for WW III.
“there was only one country in Europe that solved its “mortgage crisis” by NOT bailing out the banks and corrupt bankers. Iceland saved its economy by forgiving all mortgages and NOT the banksters !”
And Iceland has been in a severe DEPRESSION, ever since. it HAS NOT recovered, quite the contrary, in fact. It’s S&P Credit Rating is BBB-.
The economy has plunged about 50%, and foreigners with US dollars are king. The newly poor icelandics line up for food, and are leaving in droves.
Uh...
The Propaganda of Iceland does not match the reality.
Maybe wrecking the Spanish Economy to create all those GREEN! jobs that never appeared was not a good thing.
DUH!!!
U.S. NATIONAL DEBT CLOCK The Outstanding Public Debt as of 20 Jun 2012 at 08:41:22 PM GMT is:
The estimated population of the United States is 312,988,059
so each citizen's share of this debt is $50,444.06.The National Debt has continued to increase an average of $3.93 billion per day since September 28, 2007!
Source here:
Yep. Call for Freepers and others to watch the thomas.loc.gov site for the tally after the vote (maybe next week, IIRC, look for link to Republican House clerk site). Post and repost the info about any Republicans who vote against finding contempt.
“Unemployed youth, summer heating up...not good.”
Sangria will run in the streets! :)
“Unemployed youth, summer heating up...not good.”
Sangria will run in the streets! :)
Fascism and socialism are the same thing.
*If* ‘Fascists’ fight ‘Socalists’ it’s for the same reason that Bolsheviks fought Mensheviks: the same reason that Hitler fought Roehm, the same reason that Hitler fought the communists.
It’s because Totalitarians don’t like to share.
Ah, but then it does. Suddenly. Almost inexplicably.
It may not. But all the conditions are in place.
Especially with the media doing all it can to gin up a race war and constantly pushing the victim meme over something that ended 150 years ago.
And what appears to have been a self-defense shooting has already been pushed beyond the limits of respectable journalism to become an excuse for violence against innocents.
If there is violence in the streets, the media gets to sell more soap. They benefit from stirring this up.
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