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Spread 'em, bitchez!
I hope Ireland elects the party that rescinds the bailout and defaults on their terms.
Ya, pull an Iceland.
Not a chance - the elite of Ireland along with various transfer junkies have grown to depend on the teet of Europe - they will not jeopardize their deposits and income stream.
They will dutifully present the young dumb paddy boy to the European cardinals and he will quietly take it up the arse.
How finely put; a true poet
An interesting stat in the cheat sheet is that only 50% of Ireland's govt revenue goes to pay interest on the debt, while over 90% of Italy's does.
Doesn't make it right to bail out AIB senior bondholders, though.
Not a chance. The whole EU is the second biggest scheme in the history of mankind to control the people. It has failed in every way but only requires a few in charge to keep the pressure on the people. Think France circa 1789.
Sources at the United States Embassy in Beijing China have just CONFIRMED to me that the United States of America has tendered to China a written agreement which grants to the People's Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China's continued purchase of US Treasury Notes and existing US Currency reserves!
The written agreement was brought to Beijing by Secretary of State Hillary Clinton and was formalized and agreed-to during her recent trip to China.
This means that in the event the US Government defaults on its financial obligations to China, the Communist Government of China would be permitted to physically take inside the USA land, buildings, factories, perhaps even entire cities to satisfy the financial obligations of the US government.
Put simply, the feds have now actually mortgaged the physical land and property of all citizens and businesses in the United States. They have given to a foreign power, their Constitutional power to "take" all of our property, as actual collateral for continued Chinese funding of US deficit spending and the continued carrying of US national debt.
This is an unimaginable betrayal of every man, woman and child in the USA. An outrage worthy of violent overthrow.
I am endeavoring to obtain images or copies of the actual document but in the interim, several different sources both in the US and in China have CONFIRMED this to me.
Pretty smart move. It's a new take on selling the Brooklyn Bridge.
VERY hard to believe.
WTF?!...is he for real?
But seriously, this is all just a sham designed to let China screw itself. There is no way future generations of americans can/will/should pay back these debt obligations to foreign capitals. In the end China is not getting their money back. Not sure if they see this or not, but it simply is true.
Every time the sh*t hits the fan, the US Gov changes the rules of the game.
Example 1) gold/silver removed as currency and FED is created.
Example 2) FDR takes the gold
Example 3) Nixson closes the gold window and breaks last remaining gold promises to foreign governments
Example 4) Massive foreign debt obligations are defaulted on in some manner so as to effectively not be paid.
History books will include this in another chapter to the madness of crowds and rank it right up there with tulips.
Snopes disagrees with you.
This is why we have guns.
You forgot the part of the Embassy communication that said the U.S. reserves first right on which land and assets to turn over. We've decided to first give them Illinois, Ohio and Wisc in order to solve the current union issues. $2 a day and a bowl of rice for each worker!! Complain again and they will take away the rice!!
[Of course, sabra1's post of insane]
LMAO! Sorry I had to junk you for this trash.
If the US gubmint ever tried ANYTHING like this, it would be pitchfork and pikes time and I'd "jump out me wheelchair and join the cause."
The other reason this is JUNK is because it would have to pass a Senate vote and jump through a whole bunch of loops to get passed.
Finally, although our gubmint is corrupt through and through, they still want to keep certain things "American..."
And what rough beast, its hour come round at last, Slouches towards Bethlehem to be born?"
W. B. Yeats
Funny - Jesse also invoked the same poem a few days ago and have to admit it has been going through my head as well:
"Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity...
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born"
But the key line in my opinion is the following:
On its face this post is ludicrous.
Eminent domain is the power any government has to taking private land for the government's use. Our Constitution requires only that the owner receive "just compensation" for the taking. If that is what Hillary just assigned to China, good luck with that, boys. Who do you think will be the first judge to allow the Chinese Communists to take an American citizen's land to satisfy the debt of the U.S. Government?
As for the statement that the government has just "mortgaged" our property to pay for its debts, that was done a long time ago by both parties. "We" are the taxpayers who must pay the treasury bonds when due. But technically speaking, there is no "mortgage" the government can enforce. Rather, the government can only tax us and, indirectly, take our property if we fail to pay the taxes. This may appear to be the same thing to some people, but a mortgage it is not.
There are lots of prime federal land in Alaska and the mountain states. No judges are needed for that.
Just a spoon full of sugar helps the medicine go down.
2003 OECD World Bank Derivative Market
Bankrupt bailing out the insolvent. And China sits back. With gold. Grinning.
And yet, the agencies still have everyone in 'the zone' at investment grade (save Greece). Gotta love those ratings, huh?
They keep missing Denmark!!!
Denmark's combined private and public (remember: private debt is now assumed by the state since defaults must never happen) debt level makes Greece, Spain, Ireland and the UK *combined* look like prudent misers.
AND - to top it - Denmark is running a currency peg where the DKK is pegged to the EUR via central bank intervention. This has never blown up before, the pegging a small currency to a much larger one??
Denmark is the polonium in the EUR takeaway meal!
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