"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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Tue, 06/12/2012 - 11:06 | 2518009 lolmao500
lolmao500's picture

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

Tue, 06/12/2012 - 11:20 | 2518075 Leopold B. Scotch
Leopold B. Scotch's picture

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

Mmmm.  Matoke!

Tue, 06/12/2012 - 11:54 | 2518244 tabasco71
tabasco71's picture


Tue, 06/12/2012 - 11:25 | 2518102 Mitzibitzi
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!

Tue, 06/12/2012 - 11:43 | 2518192 i love cholas
i love cholas's picture

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

Tue, 06/12/2012 - 11:51 | 2518231 Cursive
Cursive's picture

@i love cholas

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

Tue, 06/12/2012 - 12:28 | 2518269 The Big Ching-aso
The Big Ching-aso's picture



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


Tue, 06/12/2012 - 12:24 | 2518359 Whatta
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

Tue, 06/12/2012 - 14:55 | 2518973 Madrid2020
Madrid2020's picture

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

Wed, 06/13/2012 - 00:09 | 2520412 A Nanny Moose
A Nanny Moose's picture

Yeah...but you don't have KONY2012

Tue, 06/12/2012 - 14:54 | 2518974 Madrid2020
Madrid2020's picture

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

Tue, 06/12/2012 - 15:08 | 2519030 Madrid2020
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 !

Wed, 06/13/2012 - 00:08 | 2520411 A Nanny Moose
A Nanny Moose's picture

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

Tue, 06/12/2012 - 11:08 | 2518015 bdc63
bdc63's picture

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

Tue, 06/12/2012 - 11:12 | 2518033 ParkAveFlasher
ParkAveFlasher's picture

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

Translation: today, we are all Ugandans.

Tue, 06/12/2012 - 11:15 | 2518058 SilverTree
SilverTree's picture

Today you are a dumbass.

Tue, 06/12/2012 - 11:25 | 2518098 Leopold B. Scotch
Leopold B. Scotch's picture

No shit.  East Africans don't click!

Ngenda oku kuzikariza!

Tue, 06/12/2012 - 12:22 | 2518345 ParkAveFlasher
ParkAveFlasher's picture

Does that mean you disagree? 

[edit] fuck that.  lighten up. 

Tue, 06/12/2012 - 12:39 | 2518412 ParkAveFlasher
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.

Tue, 06/12/2012 - 11:14 | 2518049 brooklynlou
brooklynlou's picture

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

Tue, 06/12/2012 - 11:29 | 2518103 bdc63
bdc63's picture

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

Tue, 06/12/2012 - 13:47 | 2518662 Leopold B. Scotch
Leopold B. Scotch's picture

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

Tue, 06/12/2012 - 11:28 | 2518115 Peter Pan
Peter Pan's picture

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

Tue, 06/12/2012 - 11:33 | 2518136 bdc63
bdc63's picture

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

Tue, 06/12/2012 - 12:09 | 2518320 Temporalist
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.

Tue, 06/12/2012 - 11:14 | 2518050 Snakeeyes
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.


Tue, 06/12/2012 - 11:27 | 2518110 Lucky Guesst
Lucky Guesst's picture

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

Tue, 06/12/2012 - 11:14 | 2518052 williambanzai7
williambanzai7's picture

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

Tue, 06/12/2012 - 11:19 | 2518069 SilverTree
Tue, 06/12/2012 - 11:40 | 2518083 Leopold B. Scotch
Leopold B. Scotch's picture

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

Tue, 06/12/2012 - 11:19 | 2518071 ag3nt0rang3
ag3nt0rang3's picture

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

Tue, 06/12/2012 - 11:22 | 2518085 Eclipse89
Eclipse89's picture

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

Tue, 06/12/2012 - 11:28 | 2518114 Mitzibitzi
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'

Tue, 06/12/2012 - 11:56 | 2518259 Andy_Jackson_Jihad
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?

Tue, 06/12/2012 - 11:15 | 2518057 WiretapWilly
WiretapWilly's picture

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

Tue, 06/12/2012 - 11:19 | 2518070 tekhneek
tekhneek's picture

What Uganda do about it?

Tue, 06/12/2012 - 11:19 | 2518067 tekhneek
tekhneek's picture


Tue, 06/12/2012 - 11:21 | 2518078 asteroids
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.

Tue, 06/12/2012 - 11:23 | 2518081 Peter Pan
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.

Tue, 06/12/2012 - 11:35 | 2518150 Mitzibitzi
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.

Tue, 06/12/2012 - 11:47 | 2518208 Things that go bump
Things that go bump's picture

Sometimes Karma is just a bitch that way.  


Yours truly,


Madam DeFarge

Tue, 06/12/2012 - 11:59 | 2518273 Manthong
Tue, 06/12/2012 - 11:22 | 2518087 Conman
Conman's picture

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

Tue, 06/12/2012 - 11:24 | 2518093 Lucky Guesst
Lucky Guesst's picture

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

Tue, 06/12/2012 - 11:28 | 2518112 azzhatter
azzhatter's picture

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

Tue, 06/12/2012 - 11:31 | 2518125 theTribster
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.


Tue, 06/12/2012 - 11:31 | 2518126 Alejandrito
Alejandrito's picture

USA is not Uganda, for now.

Tue, 06/12/2012 - 11:40 | 2518178 Joe A
Joe A's picture

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

Tue, 06/12/2012 - 11:46 | 2518204 Unbezahlbar
Unbezahlbar's picture

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

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