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Article #191Re: If the world is totally in debt...
From: Eunometic
Date: Wed, 28 Sep 2011 05:57
Date: Wed, 28 Sep 2011 05:57
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2734 bytes
On Sep 28, 12:44 pm, "Sekula" <b...@hotmail.com> wrote: > The US and Europe are sinking in debt. Who do THEY owe all this money too? > Can't be 3rd world nations. China? You tell me. Goldman-Sachs and other corrupting cabals. In essence the financial sector was deregulated, they paid for this, so that a financial elite could put us into debt so as to enrich them. The more they lend you, the more you bid up the housing maket, the more you have to borrow to outbid the couple next to you. A shitload of immigration helps the prices to go up even more. You end up in debt, effectively a debt slave. Now the tax payer is expected to bail out the banks bad investment. Someone walks of with the money. I bet you find much of the Greek debt is Greek millionaires buying foreign buisinesses. Most of icelands debts, (10 times its GDP) were just icelandic businessmen borrowing from icelanding banks which had borrowed from overseas banks to buy foreign businesses. Default is the way forward.
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From: Eunometic <eunometic@yahoo.com.au>
Newsgroups: aus.consumers,aus.politics,aus.tv
Subject: Re: If the world is totally in debt...
Date: Tue, 27 Sep 2011 22:57:20 -0700 (PDT)
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