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Posted on 11/09/2011 4:16:54 PM PST by bruinbirdman
And so does America.
Only Germany could possibly bail out Italy.
However, that's the limit of their resources. Even that would cause political revolution in Germany and eventually cause a wholesale change of government.
France has their OWN debt problems emerging and can only save themselves, if that.
Seems we're still tracking toward deflation and widespread sovereign default eh?
The Fed will NOT buy Euro bonds on a widespread basis. It would be PERSONAL suicide for them...and every member of Congress that failed to vote for a dissolution of the Fed as a result.
This train is going to crash. Slow motion crash.
Man, betting on deflation was the best bet ever!
Glad I got out of debt!
Why can’t a government declare bankruptcy? I assume it’s because of the dominos that would start falling. But what happens when the money runs out, to all the people depending on government checks?
Yup. Slow motion. (No way back from here)
Gold, $1,200.00 by the end of the year, eh?
They come to live with you and the people who stole their money.
(Try to look like you don't have anything.)
Italy just looking for a “ Hair Cut:” like Greece. Want the people to forgive 50% of their debt.
That will be easy.
Part of the deal with Greece was that Italy won’t be bailed out with free money, not that it would be possible. Maybe northern Europeans should consider building some fences.
Aside from the distractions, our own US debt situation is probably terminal, too. There will be repudiations.
Nothing a decade of double digit inflation won't solve.
yitbos
Italy on Wednesday became the first major economy to require an international bail-out as its debts hit "totally unsustainable levels",
Yes, or repudiation and rebuilding.
Little off-topic but maybe of interest.
German Air Force In Training for Iran Strike
http://www.freerepublic.com/focus/news/2805083/posts
Not a chance. It would be nice, but there’s no way.
The next big thing for NATO will be in Syria — or will be calisthenics, or a big card game tourney in their barracks.
Thanks. Your guess may be better than mine. If that’s true, we’re footing nearly the whole bill. Hopefully, we’ll cut back on funds to Europe and other imbalances, if that’s the case.
Don’t expect logic and reason to rule the day.I think the plan is to burn out this country’s finances ASAP.All part of Obama and friends vision of a new world.
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