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12 Jun 12 01:36
Date Joined: 25 Oct 03
| Topic/replies: 5,929 | Blogger: Mrben's blog
Spain got 125 billion bail out. Waste of time.

The end result will be the same , these countries are already bankrupt, what is the point in bailing them out and not making structural changes at the same time??

.The problem is still there.Nothings changed.

The correct move is to let it all play out and let these countries fold.

The answer to excessive debt is not more debt.

One issue never addressed is the effect of welfare and ever increasing impact of  non- working population. Greece had people retiring  at 43yo with 600$ a week govt pensions. As if thats going to work.

Let them fall.
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Report Menelaus June 12, 2012 11:53 AM BST
Wow, do my eyes deceive me today??? "The answer to excessive debt is not more debt"???? Astounding!!! This can't possibly be, you're standing to understand the concept of debt overhang??? Did your five-year old brother steal your login password and posted these wise words or did you come across them in some financial publication and you're trying to impress us?

The answer is simple. They can't just "let them fall" because if they do the global financial system collapses in a nano second and my armageddon scenario would look like the garden of Eden.

Your trying too hard to prove that you're not a mug and all you manage to do is accomplish exactly the opposite. Regurgitating main street dogma and childish solutions reveals your simpleton understanding of what the issues are all about.

Please pass my cograts to your five-year old brother though. Well done.
Report Eeternaloptimist June 12, 2012 1:01 PM BST
Pass your computer to your own five year old brother. His grasp of the language and spelling would be more understandable.
Report d13phe June 12, 2012 1:25 PM BST
I am getting the feeling that the end game will be whatever the media decide it to be.

Economists can argue all they like about the current strategy but when a market and the fate of a sovereign nation is dictated by fear then the media will continue to dictate the game.
Report Menelaus June 12, 2012 9:39 PM BST
The media won't decide this, neither will the bankers or the politicians.

The power of exponents has already decided this, it's just that most people haven't clued in yet.
Report Mrben June 13, 2012 12:07 AM BST
here we go- melly is the only one who's " clued in"ConfusedConfusedConfusedConfused
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