[ctdonath2]

We face the same coming quandry: deficits must end and austerity spending must ensue, but so much of our GDP is tied up in government spending that the requisite economic growth will take a heavy beating instead. Our only "advantage" is, having a sovereign currency, we can print more money ... and that currency being ever more digital, we can "print" it very very fast. This, of course, does not bode well on any path.

[mojito]

The ECB makes up some pretend money that it lends to Spanish banks so they can buy Spanish bonds.

It’s a recipe for great financial stability.

[nobama012]

If they had been allowed to go bankrupt years ago they would already be bouncing back by now. Moral hazard created by theses endless bailouts is killing Europe.

[blueunicorn6]

Consolidate all government handout programs into one program.....a government loan program. No more giveaways. I don’t care if people are borrowed up to the top of their head, it’s a loan and you will pay it back. You might have to answer phones from your apartment or clean up streets, but you will have a job. The Great Giveaway has got to stop. It’s killing the country and it’s destroying good people. Yep, a lot of government employees will lose their present job. So what? As the cost of labor goes down, private business can hire more employees. Work is good for people. Sitting around on your ass doing nothing makes you bored, jealous and angry.

[Billthedrill]

The real difficulty is that the bleeding can't be stopped, but it can be slowed just a little...through the next election. The patient still exsanguinates, but it's on somebody else's watch.

That game is particularly insidious in the U.S., where European investors looking for a less hazardous arena have managed to help create an illusion of prosperity we haven't earned. We aren't immune, we're in the soup up to our necks.

[Oatka]

If you disregard the capitalism-is-doomed b/s at this site, they give you some below-the-radar info not found in the US media.

Financial turbulence mounts as global economy slides deeper into slump

As others have posted, "It ain't gonna end well." Re-examine your SHTF preparations. (Just bought some hand-generated flashlights and radio.)

[redgolum]

Except at some point, it no longer matters.

Spain, and much of the Euro-zone, is in trouble. Either Germany and France bail them out, or let them fail. If they choose to bail them out, Germany will demand concessions that will not be acceptable to the rest of the EU. If they don't, the PIIGS will start leaving the EU.

The Fraco-Prussians got their dream, a United States of Europe. Lets see if they really want it now.

[OlagJohnson]

LOL.

Yeah cutting the spending is killing the budgets!

LMAO!

They more you buy the more you will save!

[GOPJ]

This guy wants them to ‘charge’ more?