Don't make a move or the Portuguese gets it.
Posted on 12/17/2011 6:26:20 AM PST by Kaslin
NWO experiment going terribly wrong
The party is over. No more feel good from Germany and France. The socialist countries are having withdrawal symptoms.
Default really is the best option for most of these countries. They won’t be able to borrow again if they default, but they should not be borrowing anyway.
The socialists have run out of other people’s money
The socialists have run out of other people’s money
Don't make a move or the Portuguese gets it.
Haven’t S. American counties defaulted on bonds and loans in past years ?
Default is not merely the best option it is the only option. The borrowers are insolvent. Default simply acknowledges this reality and stops the make-believe game. But more importantly, it restores some sense of reality to the lenders too who for too long forgot that there is a risk element to any loan. The era of socialized risk / privatized reward must end. Default and bankruptcy are the only means to “clear the system” of toxic debt and restore normalcy to financial markets.
When did “Mish” Shedlock become “Mike?”
Going up-market, and leaving his old persona behind in the blog-slums?
Hasn't this been going on in Africa for 6 decades?
Somebody always comes along to "loan" them more money.
Attacking one’s benefactors only works when one’s benefactors are obligated in some manner to continue. This sort of rhetoric will only result in their being cut loose and left to fend for themselves. Upon just whom will clueless socialists in Portugal unleash their economic nuclear bomb then? Austerity is coming and will not be an option. I expect they’ll foul their own nests and burn things, then scream, rip their hair out and rend their clothing, while blaming anyone but themselves. They’d enslave others to wipe their collective butts if they could, all the while claiming the moral high ground but denigrating morals at every turn. Destructive, nihilist babies, the lot of them.
LOL bump. Spot on.
Mish is a nick, combining Mike and Shedlock. Maybe the thought was that he was writing to an unfamiliar audience.
The Big Government Socialists of Portugal do not want to be ruled by the Big Government Socialists of Germany.
Who will win? Why the Big Government Socialists, of course.
Ha — you are speaking of the ‘socialists in Portugal’ but with a couple of adjective/ noun changes, your words would apply so well to the Occupy Wall Street crowd. They also scream and cry when other people’s money runs out, blaming others, claiming the high moral ground.
The Portuguese, how many divisions do they have?
They’ll default. Some remnants of the Banks will be saved. The government will print fictitious cash because the people will use it. The Banks will lend that fictitious cash to the government. And on and on.
I think he’s just marketing himself upscale, now that he’s getting more national notice in “mainstream” pubs.
It’s a fill in the blank sort of crowd, largely the same the world over. Some are far more prone to actual acts of violence than others. Ours thus far are all mouth. It hasn’t always been thus, though.
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