"Uganda Is Not Spain"

Tyler Durden's picture

Nobody can forget how over the weekend Spanish PM Rajoy told economy minister de Guindos to keep a stiff upper lip, and that, lest someone forget, Spain is not Uganda.

Two days later nobody is laughing: Spanish bond yields just pushed to Euroarea records, Fitch just downgraded the bulk of Spanish banks, and it looks like Spain may need a second bailout before the details of the first one are even ironed out. However, one entity is not amused. Uganda. Or perhaps, is very amused, depending on one's perspective.

Al Jazeera responds:

The Stream spoke with Ugandan blogger Rosebell Kagumire, who started the hashtag #UgandaisnotSpain in response to the PM's remarks:

Many felt insulted at the implication that Uganda is economically weak.

Others compared the economies of the two countries:

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lolmao500's picture

Uganda is way better... but women are hotter in Spain... but that is subjective.

Leopold B. Scotch's picture

Silly Bazungu.  And they don't like their Matoke! 

Mmmm.  Matoke!

Mitzibitzi's picture

I dunno. I wouldn't kick Ugandan blogger chick out of bed, actually. Not the prettiest girl I've ever seen but she looks... dirty!

i love cholas's picture

I dunno man, she is pretty steamy and that accent is sexy

Cursive's picture

@i love cholas

She is a much better spokesman than Rajoy or any of the other Euroclowns.

The Big Ching-aso's picture

 

 

If Spain isn't Uganda then that leaves us with Zimbabwe.

 

Whatta's picture

Tappas are better in Spain. Uganda tappas are just...reaching...down...and...picking...up...a...roach

Those Uganda outfits are pretty cool though

Madrid2020's picture

Spain GDP=1.4 TRILLION   Uganda GDP= 16 Billion,that's right 16. End of Conversation,done,finished!

A Nanny Moose's picture

Yeah...but you don't have KONY2012

Madrid2020's picture

Spain GDP=1.4 TRILLION   Uganda GDP= 16 Billion,that's right 16. End of Conversation,done,finished!

Madrid2020's picture

Reasons Spain is way better:Electricity,running water,food,hospitals,bullet trains,best European airports,best highways in Europe,running water(can't

emphazize that too much) and the LADIES!!!!! Oh and in Spain our "bush" meat are the Ladies !

A Nanny Moose's picture

all "paid for"....by the future. Good luck with that.

bdc63's picture

...hmmm...maybe I should be considering Uganda as my bug-out location ...

ParkAveFlasher's picture

mbukta bula bukti n[click click] gawee mnufu baba.

Translation: today, we are all Ugandans.

Leopold B. Scotch's picture

No shit.  East Africans don't click!

Ngenda oku kuzikariza!

ParkAveFlasher's picture

Does that mean you disagree? 

[edit] fuck that.  lighten up. 

ParkAveFlasher's picture

You're the one prick in the department that orders in English at the Chinese restaurant making sure to finish with "shay shay", aren't you? Yeah we all know how ahead of the times you are.  You should change your handle to "SilverPaperClaim" for all the value you have yet to show.

brooklynlou's picture

Ok, which of you guys gave the market a boost right now?

bdc63's picture

seriously! ... what the heck is that all about ... is one of the Fed-heads out making 'helpful' comments?

Leopold B. Scotch's picture

I tried to give the market a reach-around, but it slapped my hand.

Peter Pan's picture

Lou, it was me. I put in an order for a parcel of ten facebook shares by mistake.

bdc63's picture

UBS thanks you ... just 9,999,990 shares to go ...

Temporalist's picture

Lou everyone knows that gold can't look better than other asset classes when it is having a liftoff day.  It can go up in small increments sometimes but when it up 1% or more the markets have to match it to hide their flaws.

Snakeeyes's picture

Its like people in the US saying "The US is not like Greece!"

We are actually WORSE than Greece in terrms of entitlements. They just haven't hit yet with full force.

http://confoundedinterest.wordpress.com/2012/06/12/fitch-warns-europe-spanish-yields-spike-no-qe3/

Lucky Guesst's picture

plus they don't have our Benny to print them up a little sumpin sumpin

williambanzai7's picture

One thing Uganda has of its very own, a money printer.

Leopold B. Scotch's picture

The bush waragi is where it's at.  God bless the Dutch courage.

ag3nt0rang3's picture

Have they printed the new bills yet? The ones with Kony on the font.

Eclipse89's picture

Yes, because all their natural resources will belong to China more sooner than later.

Mitzibitzi's picture

They know that. But I guess they figure that China might just pay for them, as opposed to sponsoring a few terrorist cells as an excuse for 'Attack Of The Drones: Part XVII'

Andy_Jackson_Jihad's picture

How do you know?  Are the spears and necklaces in the article pic made of cheap plastic and lead paint?

WiretapWilly's picture

Spain is going down and U-GANDA stop the downward momentum now suckas!

asteroids's picture

If the Spanish PM did say this think about it hard for a minute. (1) The finance minister is really in charge and no one else?? (2) The PM sounds like a moron and has no balls. I'm surprised the people don't rise in revolt and hang both of them.

Peter Pan's picture

The political and economic disasters we are seeing are but a prelude to the human disasters and suffering that have begun to unfold. Very soon bank accounts will start to freeze, borders will tighten, European camaraderie will cool noticeably and cargo tankers will become floating vacant warehouses stuck in the middle of the oceans with no where to go. Unemployment will worsen, property prices will continue to fall and yet our political and banking masters will still be in denial about the need to write off unpayable and unserviceable debt.

But i am fairly confident that Ugandan society will weather the downturn far better than Spain and the rest of us.

Mitzibitzi's picture

Right before we burn the fuckers that caused all this at the stake, to balance the scale somewhat for most of the population of the first world that they just killed. In the end it'll come down to us or them.

Things that go bump's picture

Sometimes Karma is just a bitch that way.  

 

Yours truly,

 

Madam DeFarge

Conman's picture

they should just export the Fed Evans around the globe to spread QE rumors. Easy stimulus.

Lucky Guesst's picture

Hey gaetano kagwa, we have oil to swim in too... it's called the Gulf of Mexico.

azzhatter's picture

Rajoy is a typical arrogant western oligarch fuckstick. He probably can't find Uganda on a map

theTribster's picture

Rajoy should be the first to have his head separated from the rest of his body, then work through the rest of Europe and ultimately into Brussels and the unelected EU technocrats. The entire Eurozone now adheres to the Juncker idea that when things are bad, you have to lie. Rajoy certainly has lied continuously for months (at least). I wonder if the Spanish hate him as much as I hate Obama and Mittens? I wonder if the Spanish will demand he and his cronies get treated for what they are: criminals? I wonder, if that happens will it influence the rest of the world to do the same? Let's hope so.

 

Alejandrito's picture

USA is not Uganda, for now.

Joe A's picture

Uganda says: "stop playing Makida Makida. We will not bail you out, Spain".

Unbezahlbar's picture

With over 300,000 MENA refugees flooding into Europe, Spain may just become a de facto Uganda-like nation.