SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: elmatador who wrote (4022)11/21/2019 1:52:06 PM
From: Maurice Winn  Read Replies (3) of 13794
 
Same as when "Iraq " aka Saddam Hussein borrowed gigabucks to build palaces for himself and to pay soldiers to kill any opposition. That debt is not a liability of citizens.

When they were free of Saddam they abrogated the debts. Good riddance. Russia was disappointed. They shouldn't have given him money.

Same with the boss of Sri Lanka borrowing from China for the port. The citizens did not choose the debt. Same for democratic debt. Bludging politicians might win a vote but that doesn't mean they can force me to pay their debt. They can go to Hell and preferably soon. Same for Greece. Their politicians did dumb things with borrowed money so voters would give them that looting power. Euroserfs were robbed to give money to favoured Greeks. Dump the debt. Don't lend to government bludgers. They rob enough tax. Then they want to rob people not yet born and waste their future earnings today. Evil bastards.

Tell China to go to Hell.

Note to self = holding US$ is a loan to USA politicians and voters. They will abrogate thst debt. At present they do it by dilution. One day they will go full Zimbabwe Weimar.

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext