Spain Begs Former Colonies For Bailout

Tyler Durden's picture

Irony of ironies. While the world awaits the Spanish request for 'help' from its friends in Europe (which the market 'hopes' will escalate to EUR740bn very rapidly), it seems the King of Spain and his trusty Prime Minister have another cunning 'inverse-conquistador' plan. AP reports that "Spain receives Latin American investment with open arms," as Rajoy asks the former LatAm colonies to help. Falling back on the assured quid pro quo, Rajoy said Spain had invested heavily in Latin America during its crisis 10 years ago... so fair's fair right? Now that the roles were reversed, he called upon those nations to increase their participation in his struggling empire's economy. The perfect irony is complete as the Iberoamerican Summit at which he was begging speaking was held in Cadiz - the country's main gateway for importing Aztec and Inca treasure!


Via AP:

CADIZ, Spain (AP) — Spain's prime minister on Saturday joined its king in asking former Latin American colonies to help the EU nation overcome a deep financial crisis by channeling investments its way.


Prime Minister Mariano Rajoy said Spain had invested heavily in Latin America when it suffered a crisis 10 years ago, and now that the roles were reversed, he called upon those nations to increase their participation in his country's economy.


"Spain receives Latin American investment with open arms," he said.


Rajoy was speaking at the Iberoamerican summit being held in Spain's southwestern port of Cadiz, once the country's gateway for importing Aztec and Inca treasure.


King Juan Carlos made the same plea Friday, saying "our eyes turn to you, we need more Latin America."


He added that Spain had "seen difficult situations emerge caused by the financial and economic crisis."



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fonzannoon's picture

Didn't Argentina or someone just Corzine Spain on YPF? Now they are all good?

Michaelwiseguy's picture

Just repudiate on your national debt Spain and shut the fuck up. You'll be a lot better off.

falak pema's picture

it would bring down WS banksta cabal and western world; so think again.

Michaelwiseguy's picture

Beagles are stupid. I rather have a Labrador.

knukles's picture

I'd rather a funny dog than Karl Rove

Michaelwiseguy's picture

Beagles are Better Than Rove and are OK to have, but don't expect to be able to teach them to bring you your shoes.

no taste's picture

Did Karl teach you to fetch his shoes?

Michaelwiseguy's picture

How do you explain this thing I did to destroy Rove and his minions?

Alex Jones Caller Ron Paul Revenge Voters For Obama 11/09/2012

For Pure Unadul­ter­at­ed Re­venge. That's all this is about.

no taste's picture

Those interested Michael's stupid puppetry will find more of it lower on the page.  

thewhitelion's picture

As you've figured by now, you get no love on ZH for dissin' beagles.  Who knew?

no taste's picture

Outing sock puppets like Michael is fun and easy.  They rush to defend stupid Karl Rove.  Smashing on Karl is more fun, though.

Knukles, I agree, but then I'd rather have a stinky dog than have Karl Rove.

Michaelwiseguy's picture

What is a sock puppet? I don't know the definition of that terminology.

falak pema's picture

ur the "wiseguy" u should know<;...sockpuppet is an online identity used for purposes of deception. The term—a reference to the manipulation of a simple hand puppet made from a ...

Michaelwiseguy's picture

Well in that case, I'm the exact opposite. I say things like Israel and Mossad did 9/11, along with operatives in our own government. And I give links. What's sock puppidy about that?

DAVID WILCOCK with DRAKE Interview 29March2012


no taste's picture

Your character has existed for 36 days, and you write stupid shit.  Not that I bothered to watch your video link.

9/11 was a Dick Cheney production.

Michaelwiseguy's picture

I did say "operatives in our own government" and you agreed with me. At least we can both agree on something.

no taste's picture

That is nice.

Can we both agree that Karl Rove is a big stinky failure?  Sort of like a pile of dogshit, but stinkier.

Michaelwiseguy's picture

This was part of my campaign against Rove. At leas I actually did something to hurt him and was successful.

Alex Jones Caller Ron Paul Revenge Voters For Obama 11/09/2012

For Pure Unadul­ter­at­ed Re­venge. That's all this is about.

no taste's picture

Let's not focus on trying to get those people who don't like Obama to not like Ron Paul because Obama was re-elected.  The Republicans lost the election because Karl Rove screwed up, in part by selecting Mitt Romney.

Let's stick with Karl Rove.  Is Karl Rove a failure?  A big stinky mess of runny dogshit failure?

Michaelwiseguy's picture

I already thought about this. It's not possible for the General Public to find out what a large majority of the Paul Crew did to Rove, Mitt Romney, GOP & Co. It's an internet thing only. Corporate TV will never mention RP Revenge voters. Their MO is ignore anything Ron Paul.

No need to worry about that. The Ron Paul Crew is an army in the shadows and I want it to stay that way for now.

no taste's picture

Ok, you don't want to answer the question about Karl Rove being a complete and utter failure, but you do want to divert attention from Karl Rove's failure to Ron Paul.  

I'll look forward to your sock puppetry on another day or perhaps you will be retired and a new sock puppet inserted in your place.

BTW, your Christmas bonus is going to suck.

imbtween's picture

ah dont thank he wants to antsir yer questchin.

Michaelwiseguy's picture

Karl Rove really thinks to himself, he and he alone manufactures reality. I say let KR manufacture the answer to that question.

Karl Rove's car wrapped in Saran Wrap at White House video, (wait a few seconds, it will load).

imbtween's picture

lol - how many pieces of silver are you getting? Will you Judas when you get busted?

And here I thought they were planting smart people. Stupid me.

FeralSerf's picture

I'd rather watch Karl Rove being waterboarded on national TV than have a dog.

falak pema's picture

If you remember watergate and the smear scandal tactics used by the Nixon machine against Mcgovern and consorts; there was a USC team of smear artists that the film "All the King's men" highlighted who were precursors to Karl Rove in their character destruction techniques. Rove of course took it to another level, including in his strategy the Superpac donation rollercoaster. 

...A man who had a house near where I lived at the time had big Nixon-Agnew signs stuck in his lawn. When I tried to engage him on the topic, he told me that, as people tend to do in elections, a vote for his candidate was a vote to save America and a vote for the other guy was a vote to destroy America. I've never thought any election quite came down to that but '72 seemed particularly overhyped in that manner....

Shades of recent GOP and GWB campaigns...that was 1972. 

Michaelwiseguy's picture

I usually just scream at people like that; You're a Psychological Terrorist.

knukles's picture

Yeah, out to destroy America.  Me on the other hand are here to save it.
I got that down pat.

Michaelwiseguy's picture

I also call people who scream Racist, Terrorist right back at them, and vise versa. It only works using those two words.

Agenda 21 is Psychological Brainwashing Terrorism!

bank guy in Brussels's picture

Watergate is another fake 'story' whose true facts Americans don't know. Watergate was another US coup, less bloody than the JFK killing in 1963. The supposed 'hero', Washington Post's Bob Woodward - still selling lies and propaganda today - is a fraud and fake as 'brave reporter', working for the military and CIA.

In the late 1960s Bob Woodward was in the US Navy working for Naval Intelligence under Admiral Thomas Moorer. In 1970 Admiral Moorer became head of the US Joint Chiefs of Staff - head of the whole US military - and Woodward left the US Navy to become a planted Washington Post 'reporter'. -

Also in 1970, Admiral Moorer started running a spy ring against the Nixon White House, with the US military thinking Nixon and Kissinger were getting 'soft on Communists' etc. Navy Yeoman Charles Redford stole many White House documents and so on for the joint chiefs, US Admiral Elmo Zumwalt getting some of the documents.

The spy ring - US military against the White House - was discovered at the end of 1971. But just like with the military 'business plot' planned coup in the 1930s against US President Franklin Roosevelt, exposed by US Marine General Smedley Butler ('War is a Racket'), and Roosevelt's agreement not to prosecute the American elite (including grand-pappy Bush) ... Nixon agreed to cover-up the military spy ring.

Likely fearing to end up dead like JFK, Nixon always feared to publicly denounce it for the rest of his life, tho did not deny it.

Despite Nixon's agreement to shut up and not prosecute, the military remained unhappy, along with the American elite, who wanted Nixon out  ... Nixon, for all his flaws, had come to the same conclusions as Jack Kennedy ... in other words, make some peace with the commies, and try to build a better life for Americans ... Amazingly, Nixon even tried to give everyone in the US European-style health insurance (his 'CHIP' programme - much better than Obamacare.)

So Watergate was magnified into a scandal for a coup, the Washington Post brave 'reporters' Woodward and Bernstein - with Woodward still loyal to his old boss Admiral Moorer ... they took Nixon down.

A major ally was the manipulative John Dean, Nixon's lawyer in the White House, working his own angles, and betraying Nixon to the coup plotters, and made a 'media darling' from among the Nixon gang, tho Dean maybe was the worst snake among the bunch.

And ever since, Bob Woodward's fake Washington Post - John Dean version of the Watergate 'story' has dominated. ... and the truth still basically squashed today, by the dominant media framework ... Nearly everybody believes Watergate was some kind of pro-populist 'exposé'.

A lot of the Watergate facts has come out from investigators Len Colodny and Robert Gettlin, a book 'Silent Coup' ... more detail on a website associated with them

falak pema's picture

if you could be as convincing as this in making a case for the Euro, I'd be buying Yens tomorrow. 

Nixon there you are hiding under his bed! 

Not only did he bomb Nam he bombed Cambodia. But Kissinger convinced him on playing pong with Mao. And we know how that turned out. He was the MIC blue eyed boy since his early days and only let them "down" when K showed him a way out of that sterile shooting match, all the while he also ensured the Oil patch thru "shuttle diplomacy".

You give little credit to N-K teamwork in ME in the midst of a major oil paradigm shift, post BW revoke. Take a deep breath and open your eyes beyond spook stories. And...Tricky Dicky loved playing smear games and Watergate was typical "bug and tug the rug" down his alley. It smells 100% tricky Dicky, in second term hopium and hubris.

Omen IV's picture

Daniel Segretti ! master of dirty tricks

TruthInSunshine's picture

I've said 2 things for approximately 15 months, consistently:


1)  There is no "saving" the European Union in any manner that will allow it to even remotely resemble what it did prior to 2008. It's not possible, because the fundamental defect that was buried deeply within its articles of incorporation, that previously lay hidden & largely ignored, has now been exposed for all the world to see, and it's now not possible to remedy this fatal flaw given that those who would have to sacrifice to do so know the approximate cost of doing so.

2)  We have entered an era of global economic contraction that will rival, and potentially be far greater than (due to a far more leveraged financial system that is a malignant cancer, and a far more interwoven/interconnected/symbiotic economic world), that which we experienced in the 1930s. The fact that so many have been seemingly oblivious to this fact for this long is primarily due to the insane fractional reserve monetary policy, massive deficit spending and massive debt monetization (which is reaching its end stage due to structural limits) that has been engaged in by so many developed economies (and many emerging ones) since 2008.


Just a year ago, most people who I discussed these two premises with dismissed them as either unduly gloomy and/or worst case scenarios that would only only play out in such a manner if "those in charge" erred badly.

Now, at least a large plurality if not majority of those persons believe that these two general premises are either a fait accompli or extremely likely, even if not for the exact same reasons that I do.

Michaelwiseguy's picture

I've been saying for many years what I articulate as; The next depression will make the Great Depression look like a picnic. The only thing we can do about this is kill our owners.

In other news;

Palestinians shoot down Israeli F-16 fighter jet in Gaza: Hamas
Amagnonx's picture

Spain, and everyone else  -time to just stop paying the pricks for capital they printed, and taxes they steal.  Time to kill off the parasites.

q99x2's picture

And, they shall receive biologically treated blankets to meet their requests.

fuu's picture

Spiderflu towels.

Dugald's picture

Toxic Food coupons......

there fixed it!

Urban Redneck's picture

Is Spain willing to accept the same IMF austerity and all the other terms imposed as conditions upon the former colonies when they were seeking support?

bank guy in Brussels's picture

Yes, it is absolutely friggin' absurd for Europe to beg anyone for money. We have a totally screwed up system with the euro and it's all mis-allocated among the european quadrants here ... but we are in fact rich as hell

- We have no trade deficit, we grow food, we have industry, we are self-sufficient once Russian energy is included

- Even SPAIN itself has started to have a positive current account balance the last few months!

- We have 3x the bank deposits of the USA, despite similar size economy (about 1/4 of global GDP)

- We owe the money to ourselves, not foreign creditors, we can play games with the debt and write it off if we must

- We still have a functioning legal system that protects human rights, with almost no one in jail in Continental Europe, and no crooked judges like in the US helping steal billions in private bank accounts and putting millions of people in a gulag

- We have the biggest gold reserves in the world (unless of course it's not there in the NY Fed, big 'if')

- Our North-West Continental Europe is still the nicest place to live on the entire planet

Rajoy is being a devious weasel for his German masters ... especially ugly in light of the Spanish colonial history

The various ZH commenters are right in agreeing with Ambrose Evans-Pritchard ... Rajoy should call their bluff and tell the EU gang he is ready to leave the euro, right now

americanspirit's picture

If I recall my history approximately 50 million New World Indians had been killed either by sword, fire or disease in the first 100 years of Spanish conquest. So good luck Spain. But hey, that does bring up a point. Maybe the US should ask its Native American population for some assistance in paying off the national debt, seeing as how we've given them all that land to live on rent-free for the past hundred years or so. Come on Red Brothers - time to step up and help out your Great White Father. Y'all are doin' OK with all them casinos and all. Why not just cut a check - make it out to US Treasury.

Say What?

rodocostarica's picture

Some big pow wow in Spain this weekend with the Central Amrican Presidentes visiting and getting well fed at the Palace.  Our presidenta (first woman pres here)  I do not believe is going to be offering any support buying bonds or investing in Espana.

the Spaniards fucked up all these countires with their culture of corruption and slavery. Best of luck Mr. King of Spain getting anything from us.

PS I work in tourism and Spaniards DO NOT TIP!! They are the sleazball tourists of the world. Zionists from Isreal are trying to take over that title though. FUCK SPAIN AND FUCK ZIONISTS

insanelysane's picture

My favorite topic as Northern Europeans settled North America because they wanted a new place to live and embraced the land yet these people are villified as the Spanish get a pass.  Spain and Portugal raped the land of its wealth and sent it all back home.  The indigenous people were forced just as harshly if not more harshly than those in the north.

Looks like they are coming back for more.

magpie's picture

They have been there in the Civil War.

falak pema's picture

Its like Potus  asking Japan for aid. That should please Kyle Bass.

debtor of last resort's picture

Rise against Brussels mr. Rajoy, and your Venezuelan oil for gold's a deal.

Dr Benway's picture

Gold flows between countries as their fortunes rise and fall. Spain still got some gold left to sell? Maybe SA can get back some of that Inca loot belatedly.

Atomizer's picture

Colony – Help me bitchez