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Rajoy To de Guindos: "Spain Is Not Uganda"

Tyler Durden's picture


Yesterday, following the Spanish bailout, we finally concluded that contrary to endless politician lies, Spain is Greece. However, in keeping with the insolvent Eurozone's favorite Hegelian dialectic of definition by exclusion, it appears that Spain's leaders have been forced to aim lower. Literally. As in all the way in Africa. Because according to El Mundo's front page article, the text message that PM Rajoy sent from somewhere deep in Euro2012 to de Guindos, is essentially this: "España no es Uganda." This needs no translation. It also means that the people of Uganda should be happy. Very happy.

Obviously this move should not come as a surprise to anyone. Recall that it was two weeks ago that Nigeria decided to cut its European exposure. Last we checked, it still held on to Ugandan risk.

Sadly, not even The Onion could have come up with a story quite as David Lynchian.


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Sun, 06/10/2012 - 18:22 | 2512844 veyron
veyron's picture

España no es Greece



Sun, 06/10/2012 - 18:26 | 2512857 BKbroiler
BKbroiler's picture

Espana no es solvente

Sun, 06/10/2012 - 18:29 | 2512860 Colombian Gringo
Colombian Gringo's picture

Niñas ugandeses coge mejor y cuestan menos, pero eso cambiará a medida que la peseta va por el desagüe

Sun, 06/10/2012 - 18:36 | 2512880 AssFire
AssFire's picture

Silly Spaniards... Detroit is Uganda

Sun, 06/10/2012 - 18:38 | 2512886 Ahmeexnal
Ahmeexnal's picture

espan~oles muertos de hambre!
Sancho Ponzi al rescate!

Sun, 06/10/2012 - 19:46 | 2512997 TruthInSunshine
TruthInSunshine's picture

DE RIESGOS perras.
Como Joe Weisenthal, el fundido final, diría, liquidar todas las demás explotaciones y comprar acciones, porque Dow 100.000 está llegando muy pronto!

Dow 100.000
por Charles W. Kadlec
Fecha de publicación: 30 de septiembre 1999 Dow 100,000


Quiero distensión monetaria hasta que sangran los oídos de los contribuyentes!


Bankia y Santander están muy bien! No tome su dinero!!!


Sun, 06/10/2012 - 20:04 | 2513018 DoChenRollingBearing
DoChenRollingBearing's picture

Rescatanos primero, putaz alemanas!



Ver lo que dice el Sr. Panos (en ingles) sobre Grecia y Alemania

Check out what Mr. Panos has to say about Greece and Germany (in English)

Sun, 06/10/2012 - 20:35 | 2513068 Ahmeexnal
Ahmeexnal's picture

massive jump in silver price at the open

Sun, 06/10/2012 - 21:07 | 2513111 CrazyCooter
CrazyCooter's picture

If this was a caption contest, my submission would be "and we will do this to Merkel!" ... but its not ... but it is the first thing that went through my mind when I clicked through and saw ...

Maybe its just subliminal because I think we are all fucked.



Sun, 06/10/2012 - 21:57 | 2513166 Hard1
Hard1's picture


-España no es Grecia.


-Spain becomes Greece


España no es Uganda


Holy crap!

Sun, 06/10/2012 - 22:06 | 2513173 markmotive
markmotive's picture

Yep, Uganda isn't begging for a $125b bailout.

Spain is more like the rest of Europe with a 500% total debt-to-GDP ratio that will sooner-or-later take down China, Japan and the rest of the industrialized world.

Sun, 06/10/2012 - 20:56 | 2513098 New_Meat
New_Meat's picture

DCRB: do you have the equivant challenges that I've had wrt "Quebequoise" francaise vs. "Parisian" francaise?  That is: is the Castillian version of the spannish argot .eq. your local version?  Is there antiphay for the furrinerz?

I'm really interested in the "real-time" of the "local" interpretation/broadcast vs. the "world-wide" broadcast of same in, perhaps, Engrish.

Keep on rollin' dude.

- Ned

Sun, 06/10/2012 - 23:39 | 2513338 Bananamerican
Bananamerican's picture

"Spain is not Uganda"

there it is...

the Official Denial™

Mon, 06/11/2012 - 01:22 | 2513426 upWising
upWising's picture

Bank of Ugaña will be issuing the new currency "engaños" any day now.

Engaño = trap, swindle, etc.


Mon, 06/11/2012 - 02:59 | 2513596 tobus
tobus's picture

So based on the history of previous denials we can give Spain 18 months before it decends into bloody tribal genocide or the local equivalent.

It has happened before in Spain within the last 100 years.

Sun, 06/10/2012 - 19:08 | 2512944 Thorny Xi
Thorny Xi's picture

Uganda's a helluva lot better off than Detroit.  And Kampala got high speed Internet service in August 1995.  Before Spain.

Sun, 06/10/2012 - 23:10 | 2513281 Tom Green Swedish
Tom Green Swedish's picture

Uh wtf is Uganda?

Mon, 06/11/2012 - 15:02 | 2515632 Madrid2020
Madrid2020's picture

Dude really? Kampala? Not even Haiti wants that problema.

Mon, 06/11/2012 - 12:55 | 2515194 Madrid2020
Madrid2020's picture

At least there's "HOPE" for Uganda,not so Detriot!

Sun, 06/10/2012 - 18:37 | 2512885 BKbroiler
BKbroiler's picture

ha.  lo espero

Sun, 06/10/2012 - 18:52 | 2512913 Manthong
Manthong's picture


Sun, 06/10/2012 - 22:09 | 2513174 spankfish
spankfish's picture

café con piernas... sorry the only Spanish that comes to mind.

Sun, 06/10/2012 - 18:31 | 2512858 Colombian Gringo
Colombian Gringo's picture

Yo Senor, You want to buy my sister....?

Sun, 06/10/2012 - 18:42 | 2512892 Things that go bump
Things that go bump's picture

She''s a virgin?

Sun, 06/10/2012 - 18:44 | 2512899 knukles
knukles's picture

Si!  Many times, senor.

Sun, 06/10/2012 - 19:40 | 2512991 Oracle of Kypseli
Oracle of Kypseli's picture

That reminds me that someone asked a 16 year old blonde girl if she was a virgin and she said: "Not yet" 

Sun, 06/10/2012 - 20:13 | 2513032 The Alarmist
The Alarmist's picture

I once had a Portuguese dude offer me his virgin sister for something on the order of 5,000 Escudos, which was something on the order of $35.

Sun, 06/10/2012 - 20:57 | 2513099 SeattleBruce
SeattleBruce's picture

"sister", huh?

Sun, 06/10/2012 - 21:09 | 2513116 Jake88
Jake88's picture

Ah dumb blonde jokes. Revenge of the homely brunette geeks.

Sun, 06/10/2012 - 21:31 | 2513130 newengland
newengland's picture

No one asked the slut Kypseli brunette who made blonde jokes because her brother knew she wasn't, and her father, and her cousins...silly geisha.

Sun, 06/10/2012 - 22:22 | 2513195 Doña K
Doña K's picture

The young girl must have been a chemical blonde as true blondes are actually smart. 

They are so smart that they dye their roots dark to confuse men.

Sun, 06/10/2012 - 21:57 | 2513165 spankfish
spankfish's picture

Cherry replacement kit on back order?

Sun, 06/10/2012 - 19:58 | 2513016 Harbanger
Harbanger's picture

I can almost see her in your avatar.  Wearing black stockings and spread eagle.  Don't strain my eyes.

Sun, 06/10/2012 - 19:54 | 2513011 SoCalBusted
SoCalBusted's picture

Even an American and read and understand that.

Sun, 06/10/2012 - 20:46 | 2513082 philipat
philipat's picture

Unlike Uganda, Spain doesn;t store the bodies in freezers but just leaves them to rot? Uganda might have had the better approach.

Mon, 06/11/2012 - 12:57 | 2515202 Madrid2020
Madrid2020's picture

They eat them in Uganda,we still have lots of Jamon Iberico here!

Sun, 06/10/2012 - 18:21 | 2512845 CURWAR2012
CURWAR2012's picture

Espana no es Uganda, esta mas peor

Sun, 06/10/2012 - 18:42 | 2512893 Cupid Stunt
Cupid Stunt's picture

Where`s Goebbels when you fuckin need him !

Sun, 06/10/2012 - 18:46 | 2512902 knukles
knukles's picture

He's helping Junker put together a series of Truth Rallies.

Sun, 06/10/2012 - 20:49 | 2513088 HoofHearted
HoofHearted's picture

So, let's try another complete that sentence exercise....

La France n'est pas _______

Sun, 06/10/2012 - 19:45 | 2512999 Oracle of Kypseli
Oracle of Kypseli's picture

"Espana no es Uganda, esta mas peor"

Uganda is to Guate-mala as Espana is to Guate-peor

Sun, 06/10/2012 - 19:58 | 2513014 jcia
jcia's picture

Ya era hora que esta noticia saliera al mundo a trave's de la gran ma'quina de propaganda.

Sun, 06/10/2012 - 18:23 | 2512848 GMadScientist
GMadScientist's picture

That may be so, but it has very similar youth unemployment statistics nonetheless.

Sun, 06/10/2012 - 18:28 | 2512861 hedgehog9999
hedgehog9999's picture

Except in Uganda you can pick fruit and vegetables from wild trees everywhere or hunt for game if you need some meat.

Sun, 06/10/2012 - 19:25 | 2512969 UP Forester
UP Forester's picture

AK's and machetes are cheaper and easier to come by in Uganda.

Sun, 06/10/2012 - 19:30 | 2512973 kekekekekekeke
kekekekekekeke's picture

Mmmm...  bushmeat

Sun, 06/10/2012 - 18:26 | 2512854 XRAYD
XRAYD's picture

He is right, it's not Uganda. But Spain and the rest of Europe could become like another country south of Uganda if they keep on pretending or printing money:  ZIMBABWE!

Mon, 06/11/2012 - 06:54 | 2513764 Lebensphilosoph
Lebensphilosoph's picture

Only if current immigration policies are maintained.

Sun, 06/10/2012 - 18:26 | 2512855 evolutionx
evolutionx's picture
Dummies guide to what went wrong in Europe

Helga is the proprietor of a bar. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem she comes up with a new marketing plan that allows her customers to drink now, but pay later.


Sun, 06/10/2012 - 18:34 | 2512879 LetThemEatRand
LetThemEatRand's picture

One missing part from the story -- the bankers inserted themselves into government just before Helga started borrowing, and they knew all along that a bailout paid for by middle-class taxpayers would be needed.  That was in fact the plan all along.  Meanwhile, they spent years complaining on their captive media that socialists are causing a rise in alcohol consumption, that taxes are too high on their productive business, and that they need fewer regulations.

Sun, 06/10/2012 - 20:52 | 2513093 BigJim
BigJim's picture

That's right, because central banks are a result of the lack of government intervention (ie, regulation) in the monetary system *slaps himself on forehead*

Sun, 06/10/2012 - 21:07 | 2513113 SeattleBruce
SeattleBruce's picture

"One missing part from the story -- the bankers inserted themselves into government" - well at least in 1913, and probably well before that - many admins from both major parties covering that span...

"Meanwhile, they spent years complaining on their captive media that socialists are causing..." - Time for the 99.9% to meet somewhere in the middle - no?

Sun, 06/10/2012 - 22:12 | 2513182 Calmyourself
Calmyourself's picture

No, three parts missing from the story helga let her poor employees unionize unlike you and of course when helga dies all those years tending bar will have been wasted as her deserving grandchildren won't get shit because let them eat rand wants .gov to take all of it... right..

Mon, 06/11/2012 - 00:23 | 2513389 Terminus C
Terminus C's picture

Actually, a 100% estate tax would solve a lot of our problems.  No trust fund babies and it would build a merit based society and help remove entrenched power structures.

Mon, 06/11/2012 - 01:28 | 2513437 r00t61
r00t61's picture

And who would be in charge of overseeing and collecting this tax?  And who would be in charge of preventing this large pot of extracted money from being used to fund stealth crony redistributionist schemes?

Mon, 06/11/2012 - 02:35 | 2513518 SeattleBruce
SeattleBruce's picture

You'll sign up to be the Czar for that, right?

Sun, 06/10/2012 - 18:28 | 2512862 francis_sawyer
francis_sawyer's picture

I sense an upcoming role for Forrest Whitaker in this Hegelian dialect...

Sun, 06/10/2012 - 18:28 | 2512864 LeisureSmith
LeisureSmith's picture


Sun, 06/10/2012 - 18:30 | 2512869 wonderatitall
wonderatitall's picture

sounds racist to me..the economy is doing fine. obama lies and people die

Sun, 06/10/2012 - 18:49 | 2512906 knukles
knukles's picture

We no longer need debate the morality of trying the now just murdered terrurhists in civil or military courts of law.


Sun, 06/10/2012 - 20:16 | 2513041 GMadScientist
GMadScientist's picture

That does save millions in court costs.


Sun, 06/10/2012 - 18:34 | 2512871 Zero Govt
Zero Govt's picture

don't they mean Spain will soon be Uganda?

with nearly 30% unemployment and the debt-fueled public sector yet to implode it won't take long to sheer Spains GDP numbers down to sub-Saharan levels

Sun, 06/10/2012 - 18:51 | 2512911 knukles
knukles's picture

EU's employment and Yobummah's approval fallin' so fast, they's gonna break the sound barrier.

Pass the jello.

Mon, 06/11/2012 - 12:59 | 2515223 Madrid2020
Madrid2020's picture

The worst thing that can happen in Spain is that it becomes a wealthy Argentina! Chill folks,most of us are headed for the coast this weekend.

Sun, 06/10/2012 - 18:34 | 2512877 Dezperado
Dezperado's picture

I like the quote in the upper side of "El Mundo".

It´s a phrase attributed to J. F. Kennedy  (I didnt know it ´til now) "We cant deal with someone who says "what is mine is mine, what is yours is negotiable""

Funny stuff... I dont want to negotiate the terms, I just want your money... Germany?

Sun, 06/10/2012 - 19:17 | 2512954 CrazyCooter
CrazyCooter's picture

I was just chit-chatting with my Dad about this over the phone a bit ago. We both agreed that Germany is trying to do economically what it could not do militarily. Neither of us was sure how this would really play out.

I try to follow ZH, keep up with the developments, and shape opinions about how this is going to unfold. Germany will want pledges of hard assets for assistance. They lent to these non-productive uses, supporting their economy via exports, so I think its hard to fathom this wasn't entirely unseen.

The cultures in the "northern blocks" seem to vary widely from those in the "southern blocks", where one group is pretty productive and the other pretty inefficient. Not picking winners here, just observing cultural differences in work ethic, savings, expectations, community, etc.

Personally, it seems to me that Germany will get what assets it can, partner up with "like minded neighbors", and probably get resource backing from Putin when this house comes down. Think about it, if the productive, wealth producing northern cultures, backed by Russias resources, walk from the EU, do whatever currency crap they have to do (gold? Deutschmark?), with claims on the rest of Europe's assets, they pretty much come out on top being able to set the terms. The Euro burns and he with actual physical assets wins. Russia will need a partner to turn their physical commodities into products the world needs. Not to mention a semi-functional economy is required to buy all their natural gas.

But, then again, it may just end up a rolling series of police state riot events, with disenfranchised Muslims, pissed off whities, unemployed youth, broke pensioners, and general chaos. Sort of like the French Riots, er, Revolution. That worked out great!



Sun, 06/10/2012 - 19:49 | 2513000 CompassionateFascist
CompassionateFascist's picture

No on one, yes on two. 

Sun, 06/10/2012 - 19:24 | 2512965 frenchie
frenchie's picture

what is mine is mine, what is yours is negotiable

wow, that is a quote from Talmud !

aka mine = jude / yours = goyim

so cute...

Mon, 06/11/2012 - 02:11 | 2513464 walküre
walküre's picture

We're all working for the welfare of the banking Jew.

I don't understand why the fuck Greeks or Spaniards point fingers at Germany. It's hardly the ordinary German who is putting the screws on. Throw the money changers out and get on with life.

It's systemic. The more things change, the more they stay the same.

Sun, 06/10/2012 - 18:36 | 2512882 jonjon831983
jonjon831983's picture

Wtf... just because you're the loser doesn't mean you should beat up on someone else down the totem pole.


Sun, 06/10/2012 - 18:38 | 2512884 anonnn
anonnn's picture

Solution: Hugo Salinas Price proposes silver coin  for Greece.

On Max Keiser's RT Today video. Starts about 12 minutes into video:

Sun, 06/10/2012 - 19:10 | 2512940 Oldrepublic
Oldrepublic's picture

Why doesn't the Mexican dollar billionaire Hugo Salinas Price get his silver coins proposal passed in Mexico?

Sun, 06/10/2012 - 20:31 | 2513060 Oracle of Kypseli
Oracle of Kypseli's picture

He has been trying. Politicians don't like it and we know why.

Sun, 06/10/2012 - 22:19 | 2513190 Doña K
Doña K's picture

"Hugo Salinas Price proposes silver coin  for Greece."

Those who have any money left, already can buy gold and siver coins. There are no restrictions in buying PM's in Greece or Mexico or anywhere else. What is the need for yet another silver coin?  


Sun, 06/10/2012 - 18:38 | 2512887 Bay of Pigs
Bay of Pigs's picture

Paella and sangria bitchez

Sun, 06/10/2012 - 18:44 | 2512894 lakeside
lakeside's picture

How you say, "los fucking cocos"! I think it means totally f'ing batshit/crazy.

Sun, 06/10/2012 - 18:46 | 2512901 Atomizer
Atomizer's picture



“Naturally the common people don’t want war: Neither in Russia, nor in England… nor for that matter in Germany. That is understood. But, after all, it is the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy, or a fascist dictatorship, or a parliament , or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All we have to do is tell them they are being attacked, and denounce the peacemakers for lack of patriotism and exposing the country to danger. It works the same in any country.”

– Herman Goering, Nuremberg Trials 

“Today, America would be outraged if U.N. troops entered Los Angeles to restore order. Tomorrow they will be grateful! This is especially true if they were told that there were an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the World Government.”

-Henry Kissinger, Bilderberger Conference, Evians, France, 1991 

The brush of uncertainty cannot paint a portrait of utopia when the palette of ideas runs dry.

-Atomizer 6/10/2012



Sun, 06/10/2012 - 20:01 | 2513019 CrazyCooter
CrazyCooter's picture

Interesting. So, the fate of a "one world government" is less likely/probable than a unified Europe? Hah!

I mean, for fucks sake, they couldn't even cobble Europe together. LA is full of a bunch of dumbasses (caveat: true only in the sense that generalizations are generally true - not absolute truths), but if the UN tried to save Nashville, Houston, or so on, god help em. Hell, even the gang banger dope heads may jump in on that one for the team.

The problem with the US in this scheme is two fold; guns and veterans. Too many of both to keep things so simple. With that said, the younger generations don't have the "qualities" of the older, but, the clock is ticking so maybe that comes back around. And those in their 20s are getting the "big red, white, and blue dick being jammed up their assholes every day".

If they want chaos, well, that didn't work out so well in history. So, I have to accept that broad, widespread chaos is the plan failing. Interested in counter points. It is in these moments where elites decorate lamp posts like bulbs on christmas trees. When people have their food security, physical security threatened, nature takes over. No elite can override thousands of years of nature selecting human behavior. Chaos, if controlled, can benefit, but true chaos is a reshuffle of the deck.

I don't know what is going to happen, but I think UN occupation of the US is pretty far out there. Martial law in major cities? Yup. UN martial law in US cities? Nope, because suddenly there is a "one world target". Fuck, I bet the police in most places would gladly sign up for defense of the people on that one. I think folks underestimate the average value/moral set of the police.



Sun, 06/10/2012 - 20:07 | 2513024 WonderDawg
WonderDawg's picture

The brush of banker hubris will paint a landscape of shit and tears when the palette of feces hits the fan.

Sun, 06/10/2012 - 20:33 | 2513056 newengland
newengland's picture

Well observed, Atomizer.

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation,” said Lenin.

We should remember that the Trilateral Commission led by Rockefellers and Rothschild seek technocratic governments, a new world order, a one world fascist government, a one world currency, and they will do everything to bail out banks and their EU/euro experiment; their freak corporatist agenda.

Rothschild funded Marx who beget the socialist and communist experiment in the former Soviet Union, Europe, the Far East - all their slaughter of unwary people by way of their freak Lenin, Trotsky, Mussolini, Hitler, Mao, Pol Pot etc...whilst collaborators in Big Brother government in the West and their biggest banks allowed it....until throwing all good people and money into the fire pit of their failed freak corporatist ways: WWI and WWII.

NDAA, SOPA, Obama, Romney and the rest are collaborators, bending the knee to the freak globalist central bank cartel, the Trilateral Commission, the psychopathic corporatists.

Sun, 06/10/2012 - 20:58 | 2513102 Conrad Murray
Conrad Murray's picture

Some reading that may be of interest:

Sun, 06/10/2012 - 21:27 | 2513123 newengland
newengland's picture


Thank you for the link. I feel much better when I see people like you putting together the relevant information.

'Information is light' (Tom Stoppard, English playwrite).

'As a man thinketh, so he shall be,' according to old New England books and ways.

Life is a team effort and I thank you for your vigilance, and generous spirit, sparing a moment to inform me.

Sun, 06/10/2012 - 18:49 | 2512905 Monkeyfister
Monkeyfister's picture

"Spain is not Uganda."

So stop saying that!

Yer gonna hurt Spain's Banksters fee-fees, and then you'll be sorry!

Sun, 06/10/2012 - 18:54 | 2512917 knukles
knukles's picture

"The lady doth protesteth too much, methinks."

Sun, 06/10/2012 - 18:54 | 2512920 JR
JR's picture

Well, I dunno; Luis protests but if you look at Luis’ backside, he has a tattoo of Lehman on him. He’s branded.

“In 2006, de Guindos was appointed advisor for Lehman Brothers and director of the subsidiary bank in Spain and Portugal, where he remained until the collapse and bankruptcy of the latter in 2008.” (Wiki)

Sun, 06/10/2012 - 19:04 | 2512937 john_connor
john_connor's picture

Uganda is not Spain

Sun, 06/10/2012 - 19:08 | 2512943 q99x2
q99x2's picture

More riot webcams.

Sun, 06/10/2012 - 19:10 | 2512947 Alpacanio
Alpacanio's picture

Bank of Italy's BNI just went into a bank holiday! All accounts frozen! Storys on Drudge...

Sun, 06/10/2012 - 20:19 | 2513044 my puppy for prez
my puppy for prez's picture

Try reading the google translated comment section.  Here is one:

"I am retired. earner., I do not know how to eat me and my family, let alone bills and taxes are credited to the pension all'impdap went to the post office where I lit a checking account, but at least the months of June and July will be credited to the bank commissioner. this from day to day seems like a nightmare, ironically, my pension is 1050 euros so I'll have 'recourse to a bank to be able to collect".

Alas...bankers now responsible for the zombie apocalypse in Italy!

Mon, 06/11/2012 - 02:29 | 2513500 walküre
walküre's picture

I find allot of links to the story on several blogs in English but try and find anything official. No such luck.

It's getting totally buried. Oh oh... Black Swan alert?

BANK RUN continues.

The real story is that the ECB is trying to stuff the holes from weeks of outflows and they can't get it to fucking stop. This is insanity! Hence the confusing PR on the Spain bailout. Spain never officially asked for a bailout. ECB "persuaded" Spain to make the announcement. Then you get dumb headlines like the one above, that Spain is NOT Uganda. WTF???

Germany has been completely caught off guard. Germans across the web are pissed and opposed to the bailout 90%.

Folks, we're in meltdown mode. The panic has started and the bankers and political leaders have no fucking clue what to do about anymore. Their lies are exposed. Their rumors are worthless.

Show me the money! It's not there. The derivative bomb is about to go POOF in 3,2,1 ..

Sun, 06/10/2012 - 19:12 | 2512951 GoodMorningMr.V...
GoodMorningMr.VanRumpoy...'s picture

Redshield Alert!

Split between Rothschild lineage and Goldsmiths played out on twitter. Maybe something good will spill...

Sun, 06/10/2012 - 23:00 | 2513265 Careless Whisper
Careless Whisper's picture

Dewd, you deserve the best post of the day award. Kate Rothschild divorcing her husband because she's dating Black rapper Jay Electronica, who raps about JFK and the illumaniti. Too good to be true.


Sun, 06/10/2012 - 19:25 | 2512968 hero HNL
hero HNL's picture

No, Spain is uganda...even with idi amin dada.

Sun, 06/10/2012 - 21:14 | 2513117 Greenie
Greenie's picture

Well, at least Spain is not Nigeria....yet

Mon, 06/11/2012 - 07:02 | 2513777 Lebensphilosoph
Lebensphilosoph's picture

No, but much of France is.

Mon, 06/11/2012 - 13:02 | 2515232 Madrid2020
Madrid2020's picture

You "be" right about that,more Gabon!

Sun, 06/10/2012 - 19:30 | 2512974 GriP
GriP's picture

The saga continues... Where have I heard this before?

Sun, 06/10/2012 - 19:32 | 2512977 hugovanderbubble
hugovanderbubble's picture


Sun, 06/10/2012 - 19:35 | 2512982 kekekekekekeke
kekekekekekeke's picture

"David Lynchian" lol


They're just jealous because they don't have those meat hooks like in The Last King of Scotland, that gets shit done!


I wrote an intro to prepping for economic collapse blog post for young people should I add anything please?

Sun, 06/10/2012 - 19:36 | 2512984 DCon
DCon's picture


The followup message (according to Google translate) "if you want to force the redemption of Spain will prepare 500,000 billion euros and another 700,000 for Italy, which will have to be rescued after us."

Bottom line: hold out for something good. We are powerful, and if they don't give in, the whole thing will go down. It will cost Europe 500 billion if Spain goes bust, and then another 700 billion if Italy goes bust.

Read more:


Sun, 06/10/2012 - 19:37 | 2512985 nmewn
nmewn's picture

"Spain is not Uganda."

Idi Amin could not be reached for comment.

Sun, 06/10/2012 - 19:41 | 2512992 williambanzai7
williambanzai7's picture


Sun, 06/10/2012 - 19:50 | 2513003 The Alarmist
The Alarmist's picture

Califonria is not America ... at least not the USA that we all knew and loved.

Sun, 06/10/2012 - 21:05 | 2513109 BlackholeDivestment
Mon, 06/11/2012 - 05:35 | 2513698 e-recep
e-recep's picture

thanks william, now i have coffee all over my screen.

Sun, 06/10/2012 - 19:50 | 2513002 The Alarmist
The Alarmist's picture

Funny, but I would have landed upon Zimbabwe as a comparator before Uganda.

Sun, 06/10/2012 - 19:53 | 2513008 nawerdenn
nawerdenn's picture

Soon, Zimbabwe will be regarded in a more favorable light than Spain.

Mon, 06/11/2012 - 01:19 | 2513423 Peter K
Peter K's picture

Repeat after me:

The US Dollar is backed by the full faith and credit of the US Treasury.

The Zimbawian Dollar is backed by the full faith and credit of the Zimbabian Treasury.

The Ugandan Shilling is backed by the full faith and credit of the Ugandan Treasury

The Euro is backed by..... NO ONE.

Sun, 06/10/2012 - 20:09 | 2513025 williambanzai7
williambanzai7's picture


Sun, 06/10/2012 - 20:14 | 2513038 The Alarmist
The Alarmist's picture

How about, "California hopes to catch up to Spain ...."

Mon, 06/11/2012 - 13:04 | 2515242 Madrid2020
Madrid2020's picture

Spain: We want California back even w/Jerry Brown,but you can have Pelosi!

Sun, 06/10/2012 - 20:34 | 2513064 JR
JR's picture

Banzai, bar none, you are the greatest!

Sun, 06/10/2012 - 19:53 | 2513009 booboo
booboo's picture

idi amin ate a banker once, couldn't crap for a week


Sun, 06/10/2012 - 20:03 | 2513023 razorthin
razorthin's picture
L'Italia è il prossimo. Questo è quando la merda colpisce il ventilatore davvero.
Sun, 06/10/2012 - 20:22 | 2513047 GMadScientist
GMadScientist's picture

Aww man...right on my Forzieri wingtips too.


Sun, 06/10/2012 - 20:10 | 2513027 Bullish Bear
Bullish Bear's picture

Uganda should promptly refute the headline with their own: "Uganda is not Spain"

Sun, 06/10/2012 - 20:22 | 2513049 GMadScientist
GMadScientist's picture

The biggest difference?

Uganda can devalue if they need to!

Sun, 06/10/2012 - 20:31 | 2513063 Flounder
Flounder's picture


The (Spanish) government still needs to refinance 82.5 billion euros of debt maturing by the end of the year, with a big hump at the end of October, and Spain's overspending regions have a further 15.7 billion euros of debt maturing in the second half of 2012.


"We're very close to junk bonds and we'll end up in the junk," Jose Carlos Diez, chief economist at Intermoney in Madrid, said on Spanish television.


Sun, 06/10/2012 - 20:42 | 2513074 ebworthen
ebworthen's picture

"...and Uganda is not Spain..."

Sun, 06/10/2012 - 20:43 | 2513077 tahoebumsmith
tahoebumsmith's picture

Actually California is Greece on steroids, they just haven't caught the great unfunded liability wave yet....And when they do? Lets go surfing now, everybodys learning how, come on and safari with me...

Sun, 06/10/2012 - 21:44 | 2513149 newengland
newengland's picture

Ah, yes. California, the biggest bankruptcy in the USA as yet undeclared; home of the spendthrifts, Mexicants and Asian parvenus...all huddled together, despising the U.S. and hoping Washington and Wall St bail them out with everyone else's money.

The black haired money wasting virgins, not yet f$cked by their spendthrift ways. They deserve the hell they have created for themselves. Let them swing together, and pay for their idiot ways.

Sun, 06/10/2012 - 20:44 | 2513078 BobPaulson
BobPaulson's picture

I believe there is a misprint. It should say "Espana no esta Uganda" since the verbe "estar" is more appropriate for temporary conditions.

Sun, 06/10/2012 - 21:54 | 2513158 goldsaver
goldsaver's picture

nope. no missprint. "es" means to be, "estar" in this sentence would mean location not condition. Espana no esta en Uganda would be the correct sentence in that case, translated to Spain is not in Uganda. Espana no es Uganda means Spain is not Uganda.

Go ask your High School teacher.

Sun, 06/10/2012 - 23:11 | 2513284 BobPaulson
BobPaulson's picture

It's a joke you dorks.

Sun, 06/10/2012 - 23:34 | 2513330 knukles
knukles's picture


Sun, 06/10/2012 - 20:55 | 2513097 Richard Whitney
Richard Whitney's picture

Isn't that a poke at Legarde's comment about caring more for a child in Nigeria?

@BobPaulson...that isn't a misprint, nor did El Mundo use incorrect grammar. There is nothing 'temporary' about Uganda. Feeling well or feeling sick is a passing condition, but Uganda, as Gertrude Stein observed, is Uganda is Uganda.

Sun, 06/10/2012 - 21:29 | 2513129 BobPaulson
BobPaulson's picture

Uh, thanks for the Spanish tip. You'll want to stick to The Three Stooges for your humour needs.

Sun, 06/10/2012 - 21:16 | 2513118 blindman
blindman's picture

the spanish are certainly not the ugandans?
( ugandanites )
but they are still a far cry from the schnitzel
face snow monkeys, they are still of the sun god
faith and dwell in its energetic abundance.
the snow monkeys would starve and freeze to death
in the winter without their techno-logic mastery
and precision. the different cultures are just
dis-oriented. you get the rest....

Sun, 06/10/2012 - 21:17 | 2513120 Campagnolo
Campagnolo's picture

España es peor que Mexico y Colombia juntos, una mierda!

Sun, 06/10/2012 - 21:28 | 2513127 BluePill
BluePill's picture


Indian scumbags have wrecked the world economy, Jesus some one pls nuke india 

Sun, 06/10/2012 - 22:26 | 2513199 lolmao500
lolmao500's picture

Are you Pakistani or Chinese?

Sun, 06/10/2012 - 22:43 | 2513234 newengland
newengland's picture


He's Muslim of some sort, regardless of nation, given his rabid hatred of Indians and Jews.

Tsk. If he was American by birth or nature, then he could make his case without hating Indians and Jews. I dislike the globalist central bank cartel, but don't blame ordinary jews for the Zionist/Trilateral Commission agenda, and nor do most Indians have any influence on the caste system in India.

Sun, 06/10/2012 - 22:50 | 2513246 kekekekekekeke
kekekekekekeke's picture

10% of Indians are Muslims

Sun, 06/10/2012 - 23:26 | 2513312 newengland
newengland's picture

10%, perhaps. The massacre in Mumbai was perpetrated by the Pakistani Muslims, and anyone with any knowledge of world affairs knows this.

There's a problem with Islam when its adherents exceed 2% of the population in any non-Muslim country, as every research shows. Islam is incompatible with Western concepts of democracy which it loathes, as it is mysogynistic and supremacist; a freak medieval way, unlike other religions which have moderated their ways and co-exist within secular society.

You may ignore fact, but fact will not ignore you.

Sun, 06/10/2012 - 23:40 | 2513336 knukles
knukles's picture

OK then.
With such new found font of data, the question at hand becomes:

"Does this change in any way the hierarchy of people I should hate?"

Sun, 06/10/2012 - 21:34 | 2513137 skipjack
skipjack's picture

Context is everything; read for comprehension.  The lot of you sound like the worst of the Obambi zombies:

According to El Mundo, Spanish PM Mariano Rajoy sent a stunning text message to FinMin Guindos prior to the bailout negotiations.

He said, according to El Muno editor Pablo Rodriguez: "Resist, we are the 4th power of the EZ. Spain is not Uganda."

Translation: We're a major power, not some random IMF-case banana Republic.

The followup message (according to Google translate) "if you want to force the redemption of Spain will prepare 500,000 billion euros and another 700,000 for Italy, which will have to be rescued after us."

Bottom line: hold out for something good. We are powerful, and if they don't give in, the whole thing will go down. It will cost Europe 500 billion if Spain goes bust, and then another 700 billion if Italy goes bust.

No wonder Der Spiegel, which represents the German point of view, has an article blasting Spanish blackmail.

Read more:
Sun, 06/10/2012 - 21:34 | 2513140 Clint Liquor
Clint Liquor's picture

Spain is not Uganda because Uganda has much prettier prostitutes. Also, they don't complain about everything like Spanish whores. Actually they seem rather happy. Doing God's work and all.

Sun, 06/10/2012 - 22:03 | 2513167 newengland
newengland's picture

What about the brunette whores in the USA, California in particular, the Mexicants and Asian parvenus who have made a bankrupt out of one of the world's top ten economies, California? I guess they'll keep making blonde jokes and expecting endless sympathy and bailouts. NOT going to happen this time. 

Enjoy the company of the black haired Mexicants and Asian parvenu pretty faces and their hatred of blondes who will keep the honest, earned money, thank you, while the black haired silly bints beg for you to pay their sleazy ways.

The joke is on anyone who pays for them, the geisha girls, and the black haired central banksters of a certain tribe.

Mon, 06/11/2012 - 13:09 | 2515255 Madrid2020
Madrid2020's picture

You like nappy and hiv,do you?

Sun, 06/10/2012 - 22:11 | 2513181 Peter Pan
Peter Pan's picture

All I know is that the world is getting smaller and our options and resources are getting fewer due to our attitudes. Governments and banks have become a problem because of what we have allowed them to turn us into......consumers at any cost.

Sun, 06/10/2012 - 22:18 | 2513188 Cosimo de Medici
Cosimo de Medici's picture

Finally, finally, a leader has proven Jean Claude Juncker wrong.  When it becomes serious, you don't have to lie.

                                Uganda                            Spain

Unemployment            4.5% (WB Est.)                 24.4%

GDP Growth                +6.5%                              -1.3%

Debt/GDP                    25%                                 85%

External Debt              $3.5 bill.                          $420 bill (including another $125 bill as of Saturday)


Rajoy is Spain's George Washington, he cannot tell a lie.  Spain is NOT Uganda.

Sun, 06/10/2012 - 22:30 | 2513202 newengland
newengland's picture


Keep your friends close, and your enemies closer, si?  Machiavelli said so. So says the mafiosi.

You next. All your sophistry cannot disguise Italy's fear and looming horror show.

Bond vigilantes have plenty of time to get around to your sort, pet. You next or France. Gosh. What to do? So many choices...

Sun, 06/10/2012 - 22:45 | 2513226 Cosimo de Medici
Cosimo de Medici's picture

Sophistry?  Let me be the first to say, Italy is no Somalia!

By the way, Cosimo might well be Eritrean.  Know your history.  Also, check out Niall Ferguson's new wife, to some extent a product of Italy's escapades in Somalia and Eritrea.

Sun, 06/10/2012 - 22:53 | 2513256 newengland
newengland's picture

Medici, by name and sophistry. Creo que si. Bond vigilantes have plenty of time to deal with your sort. Italy or France...who next? So many choices...

Sun, 06/10/2012 - 23:43 | 2513348 knukles
knukles's picture




Choose wisely, for there are only so many EU countries remaining to fail.

Mon, 06/11/2012 - 01:00 | 2513412 Cosimo de Medici
Cosimo de Medici's picture

I think you might be confusing me with someone from CNBC-Roma.  Incidentally, I’m not sure you know this, but most people on Zerohedge don’t really think your name is newengland.

Mon, 06/11/2012 - 13:13 | 2515264 Madrid2020
Madrid2020's picture

Spain GDP=1.4 Trillion Uganda=16 billion or 1/10 that of Madrid

Sun, 06/10/2012 - 22:22 | 2513194 lolmao500
lolmao500's picture

Spain is certainly NOT Uganda... Uganda has never defaulted... Spain is the country that has defaulted the most in history.

Sun, 06/10/2012 - 22:26 | 2513198 newengland
newengland's picture


Uganda buries its debts and its people, literally. That's not a default, true. It's a killing field. Happy now?

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