But fear not, the filthy communists and anarchists in Greece (and other countries) will pay us back, they promised
I admittedly don’t understand a lot of this financial stuff...but when you read something like this, it’s just “A trillion dollars from WHERE??”
” trillion dollars from WHERE?”
My wallet, your wallet, your kid’s wallet, and his kid’s wallet and so on and so on.
You have common sense so you understand.
But fear not, the filthy communists and anarchists in Greece (and other countries) will pay us back, they promised
“A trillion dollars from WHERE??
Much of it from the IMF. The U.S. comprises about 2/3rds of the IMF...so the U.S. taxpayers will pay about 2/3rds of the IMF contribution to the Greek bailout.
Keep in mind that Greece is being bailed out because it cannot pay its bond obligations. Who holds those bonds? Mainly European banks. So the U.S. taxpayer is being forced to pay off European banks just as they were forced to pay off U.S. banks during the recent U.S. financial sector bailout.
This is another excuse to soak the U.S. of its hard-earned wealth and redistribute it.
Many analysts expect the rest of Europe to follow suit. As the welfare states of Europe default on their debt obligations, expect mass rioting throughout Europe, and more calls for the U.S. (via the IMF and other mechanisms) to bail everyone out. The so-called “P.I.I.G.S” countries are all at risk (Portugal, Italy, Ireland, Greece, Spain) as is the U.K.
Nobody has any real money. We borrow from China and give to EU?? This can no longer be considered sane. As soon as the bailout was announced the gold and silver markets nose dived. It is amazing to see them flail and flop. We are witnessing the death throes.