Forget it. They’re done. People will die and lots of them. No hope remains for Eurozone... well maybe Germany and UK... but even there it’s going to be awful. I hope we can avoid it here.
italy and spain?
hell, i’m busy.
i barely care what happens in Kansas.
Italy and Spain, get real
On a serious note, when the libs use the excuse we are in trouble because of the aforementioned reasons, I say, so why is Greece and California bankrupt? watch them try to respond and after 20 seconds of them stumbling around, just say, "too many freeloaders riding in the cart and too few people pulling it, same as here"
The leftists who have taken over Spain and Italy no longer believe in God. Who do they pray to for their “miracle” - Karl Marx?
Inevitability, much like karma, is an SOB and cannot be avoided save by the grace of God. As such, despite the continued insistence by the defunct and corrupt IMF, it is a near given...an inevitability...that Spain, Portugal, and Italy will default either before or soon after Greece.
Wonderland Ping.
Thanks bruinbirdman.
Excellent post. I see the same thing.
Well, there it is. We’re seeing a consequence of socialism and a few other mistakes. Yields will continue higher, and prices, lower there. The dollar might continue up a little relative to the Euro, for a short time (might), but the contagion might also commence. All very risky and frightful there and here.
Country Comparison :: Current account balance - CIA Home
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html
It's not going to happen.
The German Taxpayer is NOT going to borrow money so that they can lend it to drunkards to piss away.
They are tired of it and will put their foot down.
That will be the end of the EU, Euro and EMU.
And just what are these calamitous effects to German foreign policy? Everyone is going to mad at them because the cut up the credit card? You can bet the German people don't care.
When the New Mark is issued, buy it and other assets dominated in it. Or buy something else substantial.
This is really sad, and it’s made even worse by the fact that it was entirely predictable. Socialism is unsustainable. What was sold as an emergency safety net has become an unsustainable hammock for millions upon millions. People can’t retire at 50 and spend the rest of their medically extended lives living off of other people. There simply aren’t enough workers to pay for the modern social welfare state.
Mark Levin says it better than I, but the gist is this: Medicare, Medicaid, Social Security, etc. have already failed. We are broke. The leftists tempt foolish people with talk about free stuff, shared responsibility, etc., but they can’t balance the books. If these programs are so great, then why can’t we pay for them? Hint: there’s not enough money, even if we confiscated every dime from the rich, to pay for it all!
Ambrose Evans-Pritchard ...... looks like he’s back. He got out of town for a few months, to some place unreachable by cell phone as I remember