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HelicopterOff Topics News & Politics › Spain's liberal government needs $125 billion bailout.
06-10-2012 08:36 PM  5 years agoPost 1
dilberteinstein

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Spain will seek financial help from its Eurozone partners but exactly how much won't be known until private audits are undertaken, the country's economy minister announced Saturday.

Earlier, European finance ministers discussed plans to offer Spain up to $125 billion (100 billion euros) in a bid to stabilize its banks -- and ease concerns over the even bigger European debt crisis. That amount was described as an upper limit, not an indication of what Spain would ask for.

http://worldnews.msnbc.msn.com/_new...n-on-table?lite

Give'em this bailout and they will be after another shortly. Being irresponsible is what got them to this point.

90% of life is "showing up"

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06-10-2012 08:38 PM  5 years agoPost 2
nitro fun

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They should just beg Obama he likes to give away trillions

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06-10-2012 08:43 PM  5 years agoPost 3
shawmcky

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For all the good the money will do,they had just as well burn it

Team- unbiased opinion.K.I.S.S principle upheld here

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06-10-2012 08:49 PM  5 years agoPost 4
Dennis (RIP)

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Giving them a bail out would be the same tax increases here in America has done for many, many years.

It simply gives them more money to waste and spend and approval to do so.

Liberty once lost, is lost forever.

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06-10-2012 09:35 PM  5 years agoPost 5
shawmcky

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All the money is going to the bankrupt Spanish banks,like giving alcohol to an alcoholic.

Team- unbiased opinion.K.I.S.S principle upheld here

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06-10-2012 09:55 PM  5 years agoPost 6
GREYEAGLE

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WHom are going to :

Are going to lend it : Then what are the whom's { group } that are going to back it back up ??? And how or what is going to create an actual physical entity of value so they can pay it back ????

Trickle UP Economics work's every time

So what are they going to do ???? BREAD LINE"S ?????????

greyeagle

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06-10-2012 10:12 PM  5 years agoPost 7
dilberteinstein

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Interesting article:

As one European country after another became tangled in the denial of its vulnerability, the declining euro worked to the advantage of Germany’s high-tech exporters. German opinion, meanwhile, was resolute against further generosity to Mediterranean beach bums expecting Germans to do the work for the whole continent. Instead of imposing austerity by raising consumption and transaction taxes while stimulating the economy with reductions in personal and corporate income taxes, the European Central Bank and leading European finance ministers required heavy spending cuts and tax increases, which poured gasoline on the fire of raging deficits. Now the suckling pigs are being roasted in the order of the intensity of their addiction to the warm German fiscal milk.

http://fullcomment.nationalpost.com...s-come-at-last/

90% of life is "showing up"

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06-10-2012 10:26 PM  5 years agoPost 8
a1saleen

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looks like my vacations to Europe may cost less in the near future

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06-11-2012 04:48 PM  5 years agoPost 9
dilberteinstein

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Spanish Bailout: Fail in Record Time
Early news from Europe this morning: the relief from the Spanish weekend Spanish bank bailout has already begun to fade. Spanish bond yields are rising despite the bailout and Italian bond yields are also rising. (Rising bond yields mean that investors demand higher interest rates to hold the debt of a given country.) In the past, European quick fixes have bought weeks and months of calm; it’s beginning to look as if the Spanish bailout bought hours.

Europe did its usual thing last weekend, kicking the can down the road. A $125 billion plus bailout of the Spanish banking system would, the eurocrats expected, buy some time. They didn’t have any particular plans about how to use that time to fix the underlying problems of the troubled eurozone, but anything is better than a financial panic and a catastrophic meltdown.

Unfortunately this time the can doesn’t seem to have gone very far down the road. Investors seem to be losing faith in Europe’s ‘hope-something-turns-up’ strategy for solving the biggest financial disaster since World War Two. If true, that is very bad news for us

http://blogs.the-american-interest....in-record-time/

Well??? Who's surpised?

90% of life is "showing up"

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06-11-2012 05:03 PM  5 years agoPost 10
fla heli boy

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I read an article where it said the number required is more like 4-500 billion euro.

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06-11-2012 06:04 PM  5 years agoPost 11
steve9534

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Debt
There's no putting a number to it because we still haven't accepted the basic prrinciple of living within a balanced budget. So long as the debtor countries of the world, US and European, keep spending more than we've got, the debt will keep piling up. The corollary is that we'll soon be slaves to the lender nations - China and the oil rich Persian Gulf states. Solomon figured it out 3000 years ago. "The borrower is servant to the lender" Proverbs 22:7. I'm afraid we won't learn the lesson until we experience it for ourselves. steve.

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06-11-2012 06:34 PM  5 years agoPost 12
shawmcky

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How long will the worlds taxpayers "want"(Do we have a choice???) to keep on bailing out banks and private investors,the trouble is starting to simmer.Leaders are supposed to set examples and act responsibly.By removing fiscal control,greed has bankrupted the west,but if you are at the top,you get taxpayer money thrown at you,when will people wake up.

Team- unbiased opinion.K.I.S.S principle upheld here

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06-12-2012 04:14 PM  5 years agoPost 13
dilberteinstein

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shawmcky
How long will the worlds taxpayers "want"(Do we have a choice???) to keep on bailing out banks and private investors,the trouble is starting to simmer.Leaders are supposed to set examples and act responsibly.By removing fiscal control,greed has bankrupted the west,but if you are at the top,you get taxpayer money thrown at you,when will people wake up.
I don't fully understand the "ins and outs" of these massive bailouts.

I have the general understanding that "collapse" is bad and failing banks and countries rain down on the average joe.

I think the tolerance of the taxpayer is due to the lack of knowledge people like me have. If we really knew the "truth", the pichforks might come out at dawn.

90% of life is "showing up"

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06-12-2012 04:22 PM  5 years agoPost 14
fla heli boy

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agreed. I wish I understood more about how the bailouts, the Fed, etc. work and function. Somewhere, somehow, somebody's getting wealthy in a way that we can't even see. These trillions of dollars have got to be going into somebody's pockets and my guess is, very few people know who they are.

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06-12-2012 04:35 PM  5 years agoPost 15
shawmcky

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Well its easy,deregulation in the Financial sectors allowed greedy folks to lend money to folks that had no chance of paying it back or carried very high risk in other areas. Thinks went bad and the bail out money was given "generously"by you,me,children and grandchildren to bail out these high stake gamblers and investors money they lost.They then realised they were pretty much bullet proof"Too big to fail"and have continued to act as if in a casino,with all at risk,pension funds,jobs,you name it.Mind you some folks have made and continue to make an absolute fortune at the expense of the majority.In some European countries they will not take too much kicking before riotous behaviour follows,a bit like occupy Wall Street but with all angry

Team- unbiased opinion.K.I.S.S principle upheld here

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06-12-2012 04:59 PM  5 years agoPost 16
fla heli boy

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I get that. But, for example, where does the Fed actually get it's money (other than printing it)?? When the Fed gets re-paid, where does that money actually go?? Who's pockets does it end up in??? Just seems like a whole secret society thing (Bildergergers, etc) to me.
I get the mechanics of banking, just don't get the international aspect of it very clearly.

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06-12-2012 05:10 PM  5 years agoPost 17
dilberteinstein

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^^^

What fla heli boy said.

90% of life is "showing up"

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06-12-2012 05:19 PM  5 years agoPost 18
Dennis (RIP)

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They are just kicking the can down the road waiting for something to happen.

Liberty once lost, is lost forever.

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06-12-2012 05:29 PM  5 years agoPost 19
GREYEAGLE

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They can Physically only supply so much in the Physical Term's - Very Little Actually
Just how much physical tender is really needed ?? Today many buy their lunch daily using plastic.

When Was ?? the Last time CASH was KING ?????

They do have a MONEY TREE ::

It is essentially a very long BLACK Time Line: -

Actually RED

They just slide the decimal point up and down it -

That is How IT IS done

Who's got the PENCIL ????????

We Don't

greyeagle

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06-12-2012 06:30 PM  5 years agoPost 20
shawmcky

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The government has no bail out money to give,its your money thats promised,you probably have not even earned it yet,probably wont in your lifetime

Team- unbiased opinion.K.I.S.S principle upheld here

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HelicopterOff Topics News & Politics › Spain's liberal government needs $125 billion bailout.
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