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Nigeria just defaulted on $33 Billion debt!
BBC ^
Posted on 08/28/2002 1:20:09 AM PDT by BlackJack
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Nigeria has oil too! I think many small debtor nations are starting to say, hell no, we won't pay either. It could turn into a tidal wave of defaults. If one small debtor can say no, others might take the opportunity to just.... default. Times are tough, do the default shuffle, everybody's doin it? $33 Billion is about 10% of Brazil. Watch the Oct elections in Brazil. Will da Silva default?
1
posted on
08/28/2002 1:20:09 AM PDT
by
BlackJack
To: Cincinatus' Wife; backhoe; sarcasm; Clive; JanL
Here we go again !
2
posted on
08/28/2002 1:22:34 AM PDT
by
nopardons
To: BlackJack
Maybe they could devise a new e-mail scam and use the proceeds to retire the debt.
3
posted on
08/28/2002 1:25:28 AM PDT
by
sarcasm
To: BlackJack
I don't know what the government of Nigeria is like. How did they get into trouble?
4
posted on
08/28/2002 1:30:03 AM PDT
by
altair
To: BlackJack
Why not default? Bono says its all our fault anyway.
To: BlackJack
I can no longer pay my Citibank debt. I default. ooops.. I have no oil!
To: BlackJack
How about we merely repossess their nation. Britain and America get first choice. ;)
Regards, Ivan
7
posted on
08/28/2002 1:31:37 AM PDT
by
MadIvan
To: altair
Black Commies / tyranical. 'Nough said.
8
posted on
08/28/2002 1:33:08 AM PDT
by
nopardons
To: BlackJack
Any outfit that lends Nigeria that kind of money deserves to be stiffed. Ehat a bunch of idiots. Nigeria while rich in oil has been having an internal struggle between Muslim and Christian factions for decades. So lets loan these less than civil fold the bank.
To: nopardons
I see. Communism, the gift that keeps on giving. Now, how much more are we expected to give them?
10
posted on
08/28/2002 1:40:40 AM PDT
by
altair
To: BlackJack
Argentina already has and you can bet your bottom dollar that Brazil will too. The ruling elites of course will not be harmed as their money is stashed away safely.
This is just another way for the internationalists to bring these countries into the fold.
There are hard times looming ahead and I suspect all of our troubles may turn out to be an orchestrated setup from the begining.
11
posted on
08/28/2002 1:44:03 AM PDT
by
Cacique
To: BlackJack; nopardons
Nigerian president asked to resign - Troika member who joined S. Africa's Mbeki on Mugabe's fate***LAGOS, Nigeria - The Nigerian Parliament called for the resignation of President Olusegun Obasanjo for alleged misrule yesterday, deepening the political crisis in Africa's most populous country.***
Blocking a new axis of evil*** A new terrorist and nuclear weapons/ballistic missile threat may well come from an axis including Cuba's Fidel Castro, the Chavez regime in Venezuela and a newly elected radical president of Brazil, all with links to Iraq, Iran and China.
Visiting Iran last year. Mr. Castro said: "Iran and Cuba can bring America to its knees," while Chavez expressed his admiration for Saddam Hussein during a visit to Iraq. The new axis is still preventable, but if the pro-Castro candidate is elected president of Brazil, the results could include a radical regime in Brazil re-establishing its nuclear weapon and ballistic missile programs, developing close links to state sponsors of terrorism such as Cuba, Iraq and Iran, and participating in the destabilization of fragile neighboring democracies.
This could lead to 300 million people in six countries coming under the control of radical anti-U.S. regimes and the possibility that thousands of newly indoctrinated terrorists might try to attack the United States from Latin America. Yet, the administration in Washington seems to be paying little attention.***
Change of guard at Southern Command Army's Gen. James Hill takes charge*** Gen. James Hill took over on Tuesday as head of the U.S. Southern Command, leading the military fight against drug lords and terrorists in Latin America and the Caribbean. The Vietnam and Desert Storm veteran ''really is the perfect choice to lead the U.S. Southern Command,'' Joint Chiefs of Staff Gen. Richard Myers said. Hill, 56, has also served in the Pentagon and with a United Nations mission in Haiti. He left a post as commander of the Army's I Corps at Fort Lewis, Wash., to lead the Miami-based Southern Command.***
To: operation clinton cleanup
No oil? You can't default.
To: Cincinatus' Wife
Thanks, dear friend, for the ping. Interesting news.
To: BlackJack
Foreclose!
To: sarcasm
LOL!
I don't know if anyone else picked up on your reference in #3, but I got a good chuckle out of it.
16
posted on
08/28/2002 2:16:09 AM PDT
by
AAABEST
To: BlackJack
Oh yeah? Well I declare a state of War!
Can I get in on the Marshall Installment Plan?
To: Cincinatus' Wife
"Iran and Cuba can bring America to its knees," Bill Clinton is no longer President'e
To: BlackJack
Heck, D.C. lost 11 to 14 billion last year. Thats right! Totally gone. So, whats a billion anyways in todays economy?
To: BlackJack
Stone 'em!
20
posted on
08/28/2002 3:08:33 AM PDT
by
APBaer
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