Global Economy Bursting?

[Big ole Boy]

The High Born and the Well Born

....for years I thought Allan Simpson seemed like a real conservative ....... but those camelian clothes finally had to come off ... a lot of these folks now are forced out of the elitist "high born" progressive closet ...

... the "high born" closet ... has good folks and bad folks ........

... the scapegoats in the "high born" closet are those who only shreek or get excited in church when you mention the word "5:00 AM Black Friday" .......

... the womb of fiat currency created an unconscious material elitist class that see themselves as High-Born ....

..... we still have our High Borns ......... throughout all ages .... just not so well - well born

 

[Randolph Kinney]

It's Time You Got To Know The Debt Situation In Spain, Italy, Belgium, France, Portugal, And Austria



Read more: http://www.businessinsider.com/belg...tm_campaign=10Thing_NL_11302010#ixzz16m6WyC8M


Who's next to fall in the eurozone?

 

[Randolph Kinney]

These Are The 20 Banks Most Exposed To The European Sovereign Debt Crisis



Read more: http://www.businessinsider.com/thes...tm_campaign=10Thing_NL_11302010#ixzz16m7D5FjD

 

[Randolph Kinney]

Portugal Delivers Grim Warning About Stability Of Its Own Banks, And Impact Of Austerity

Read more: http://www.businessinsider.com/bank...tm_campaign=10Thing_NL_11302010#ixzz16m7iZucb

 

[Randolph Kinney]

Default! Say the people

http://www.independent.ie/national-news/default-say-the-people-2439331.html

It was close. Irish negotiators raised defaulting but Europe went completely mad. A survey of public opinion revealed 57% favored defaulting on the debt owed.

It is not over yet.

 

[Randolph Kinney]

`Real Bad' Cash Jam May Force Michigan Towns to Borrow or Default by March

http://www.bloomberg.com/news/2010-...ay-make-michigan-towns-borrow-or-default.html

Property-tax collections plunged as much as 20 percent in the past year. The question is, will they borrow to pay bills or just default on bonds?

 

[Randolph Kinney]

Contagion strikes Italy as Ireland bail-out fails to calm markets

http://www.telegraph.co.uk/finance/...ts.html?sms_ss=email&at_xt=4cf427e8ec526ef5,0

The crisis is intensifying and worsening.

 

[Randolph Kinney]

Ireland's Debt Servitude

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100008812/irelands-debt-servitude/

If it is really true that investors taking a loss on the senior debt of Irish banks would bring down the entire financial system of Europe, then how did any of these European banks pass their stress tests this summer, and how did the EU authorities ever let the matter reach this point?

The ultimate is coming: Ireland will tell the EU to go to *ell, do an Iceland, abandon the banks, and carry out a unilateral default on senior debt by refusing to extend the guarantee by the government.

 

[Restrain]

US Ready to Back Bigger EU Stability Fund: Official

We, who are broke, are supposed to bail out other broke countries?

http://www.cnbc.com/id/40454469

 

[Workbox]

US Ready to Back Bigger EU Stability Fund: Official

We, who are broke, are supposed to bail out other broke countries?

http://www.cnbc.com/id/40454469

Who and how do you think they went broke? The majority of these banks from these countries were riding the RE Derivative Bubble wagon and had no idea. Then when the Ugly Frog hit the Fan, they woke up from the easy credit high and realized that they were also duped with the Financial Ponzi Scheme from our past and present administrations along with the Goldman Sachs of Wall Street.

We have to pay them off to keep them at ease and off our backs as long as we can. Yes, it sucks, but that is what our politicians and Paid Shills did to our economy and tax payers along with the rest of the world.