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Spain's Economy On the Edge of Collapse as Protests Turn Violent
UK Daily Mail ^ | 6/20/2012 | Hugo Duncan

Posted on 06/20/2012 10:59:42 AM PDT by ex-Texan

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To: Moltke

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.


21 posted on 06/20/2012 12:36:52 PM PDT by green iguana
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To: ex-Texan
You are apparently too dense to reason with BUT may awaken when King 0 starts filling all those FEMA prison camps with ordinary out-of-work people who cannot pay their taxes or mortgage or food or got caught in a TSA check point on a public highway

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?

22 posted on 06/20/2012 12:39:32 PM PDT by VeniVidiVici (Congrats to Ted Kennedy! He's been sober for two years now!!)
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To: AnAmericanAbroad

Couldn’t have said it better myself-——but I would have tried to wedge Barney Frank in there someplace.


23 posted on 06/20/2012 12:39:32 PM PDT by cherokee1 (skip the names---just kick the buttz)
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To: Moltke

Spain Eliminates Green Energy Subsidies – Green Energy Industry Promptly Exists Spain


24 posted on 06/20/2012 12:40:22 PM PDT by scooby321 (h tones)
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To: ex-Texan

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.
.


25 posted on 06/20/2012 12:48:13 PM PDT by Del Rapier
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To: Forward the Light Brigade

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.


26 posted on 06/20/2012 12:48:55 PM PDT by cherokee1 (skip the names---just kick the buttz)
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To: ex-Texan; All

“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.


27 posted on 06/20/2012 12:51:48 PM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: randog; All

Maybe wrecking the Spanish Economy to create all those GREEN! jobs that never appeared was not a good thing.
DUH!!!


28 posted on 06/20/2012 12:53:20 PM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: ex-Texan

'U.S. Per Person Debt to Increase 7 Times Faster than Italian Debt'


http://www.freerepublic.com/focus/f-news/2897458/posts



29 posted on 06/20/2012 1:32:24 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: ClearCase_guy
"Fascism is when private interests own the means of production, but government controls the means of production. That is what you see today all across the world."

Very well said and true.


30 posted on 06/20/2012 1:46:20 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: familyop; beethovenfan; spokeshave; FlingWingFlyer; Quix; Alamo-Girl; M. Espinola; ...
U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 20 Jun 2012 at 08:41:22 PM GMT is:

$ 1 5 , 7 8 8 , 3 8 8 , 6 4 3 , 3 5 8 . 8 4

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:

http://www.brillig.com/debt_clock/


31 posted on 06/20/2012 1:50:25 PM PDT by ex-Texan (WAKEN)
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To: ex-Texan
"Iceland saved its economy by forgiving all mortgages...!"

Residential real estate prices have far to fall, probably for the next 20 years or so. Property taxes will eventually also be forced way down, after enough government employees and pensioners fall to where they no longer have time or money for political activities.

That is the way to recovery (much smaller government by reasonable leaders without today's pathologies), and it's not going to be easy or uncomplicated.


32 posted on 06/20/2012 2:03:05 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: familyop
Obama's head man just got handed his head . . . LOL !

House Panel Votes To Hold Holder in Contempt

33 posted on 06/20/2012 2:09:27 PM PDT by ex-Texan (WAKEN)
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To: ex-Texan

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.


34 posted on 06/20/2012 2:17:56 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: randog

“Unemployed youth, summer heating up...not good.”

Sangria will run in the streets! :)


35 posted on 06/20/2012 2:34:38 PM PDT by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: randog

“Unemployed youth, summer heating up...not good.”

Sangria will run in the streets! :)


36 posted on 06/20/2012 2:36:10 PM PDT by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: familyop; FlingWingFlyer; Quix; Alamo-Girl; M. Espinola; stephenjohnbanker
Warning: Global Systemic Crisis – September-October 2012
37 posted on 06/20/2012 3:12:38 PM PDT by ex-Texan (WAKEN)
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To: Forward the Light Brigade

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.


38 posted on 06/20/2012 3:43:04 PM PDT by agere_contra
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To: Gatún(CraigIsaMangoTreeLawyer)
This hysteria has been going for a zillion months that it is going to happen soon, soon, soon.…and nothing.

Ah, but then it does. Suddenly. Almost inexplicably.

It may not. But all the conditions are in place.

39 posted on 06/20/2012 4:37:56 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: randog
Unemployed youth, summer heating up...not good.

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.

40 posted on 06/20/2012 4:41:00 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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