Posted on 06/03/2012 7:39:52 PM PDT by Texas Fossil
After a Spanish exit from the euro, there would be nothing left to exit from.
Ive never actually heard the term total emergency before, at least not in the context of global economics. It sounds like the title of a disaster movie. When it is uttered in sober tones by the elder statesman of an advanced democracy to describe his countrys financial condition, the effect is rather startling.
The man who delivered this apocalyptic judgment, former Spanish prime minister Felipe González, being a socialist, might be expected to detest austerity programmes that require cuts to government spending. But there seemed to be few disinterested observers of Spains economy prepared to quibble with his assessment.
(Excerpt) Read more at telegraph.co.uk ...
Germans:
Top down rules and discipline.
No one questions authority.
Cost efficient to the point of insanity.
—
Now Belgium is another thing. My father said many of them had never left their villages their entire life. He had no trouble with them. They hired a local to help the company cook and they grew very fond of her skills.
I hear ya, but I’d go even further and state we must not only avoid foreign entanglements, but we MUST avoid imitating foreign nations to the complete dismissal of our founding documents and principles.
Communism, Socialism, Marxism..., these things don’t work, they’ve been proven not to work, and yet we find ourselves deeply entrenched in them here in the U. S.
It’s downright infuriating!
We’ll be lucky if it ends like Chile. Indonesia or Cambodia is more like it.
My ancestors were not so lucky. They were running a wholesale extermination business and some got caught. Were hanged.
Others “dissappeared” into AR. No one heard from them until after the turn of the century.
Those were dark times. I do not believe we have had so much political corruption in the central government since that time.
But we are there again now.
Yep, agreed.
Have a good evening my friend, must rest now. Full day tomorrow.
Thanks for the thanks. I’m near what most consider to be retirement age.
I’m relatively poor but won’t be idle and won’t complain about it. It’s time to do some real work and tinkering. Tomorrow won’t be for the licensed, authorized young folks of gossiping political regulator families (those local folks watching their neighbors more than themselves). It will be for those with honesty and technical trade abilities.
In my tenth grade American history class, our teacher once began the day’s class with, “You’re all spoiled rotten.” He was right about most of us back then. He was right about many of us Baby Boomers since then.
Daughter and I back-filled our gravity-fed water system in the middle of frozen nowhere with about 300 cubic yards of earth and rock with our hands and shovels. It would have been cheaper to have had a local backhoe operator do it, but we wanted to learn a few fundamental things, test ourselves and get stronger. No injuries and better health. [She’s an adult.]
We’re Americans.
Thanks again. Washington’s my favorite president from our history, BTW, and my great-grandfather was named after him. My first American ancestor, who landed on our northeast coast in 1669, was named after Abraham (and his first two sons after Isaac and Jacob).
That and the balance of your reply reminds me of something said about another European country, Poland:
"The soul of Poland is indestructible... she will rise again like a rock, which may for a spell be submerged by a tidal wave, but which remains a rock. (Churchill)
"This just in...Francisco Franco is still dead.
Chevy isn’t worthy to shine Franco’s shoes.
And some pixie dust!
The begining of the end for the EU.
“Miss Me Yet?”
Si, mucho.
: )
“He then explained how they lost their property when De Gaulle gave it to the Arabs.”
France fought for years trying to keep Algeria; they couldn’t hold onto it because only 10% of the population was French. We did the same with the Philippines, Portugal did it in Angola - their positions were untenable.
(FWIW: I’m not defending De Gaulle)
"The basic question is that a German has to increase working from 65 to 67, and that is to pay for Greeks retiring at 50. The 17th of June is the perfect opportunity to say either 'well behave' or 'well carry on cheating'." -- Nick Dewhirst |
I read where there was something like $800 million withdrawn in a single day last week (IIRC) but, I couldn’t find a link.
FL is a large and liquid market for ocean-crossing yachts. They might not get all of their money, but a lot is better than a little or nothing. Plus, they don’t always sell the yacht right away, but they can live on it for an extended period. Or they might not sell at all, but decide it’s a good time for some cruising, while awaiting developments in the Eurozone.
alpha omega...hmmmmmm
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.