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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (94298)	9/5/2012 4:58:45 PM
From: ggersh	Read Replies (1) \| Respond to of 218621

It would be interesting to find out who exactly spent all that money, was it the banks who the bailout appears to be for, the government, the builders, or the people. See the trickle down. Currencies might not matter anymore, China is proving that, IMO.

To: Haim R. Branisteanu who wrote (94298)	9/6/2012 1:02:32 AM
From: Maurice Winn	2 Recommendations Read Replies (1) \| Respond to of 218621

Haim, the creditors of Iceland and Iraq found that you are wrong: <as the people who enjoyed and spend OPM with abandon should know those moneys must be also paid back, and if needed to work more then be it. > When it is governments doing the opm spending, there is no need to repay the money. There is not even a moral obligation. It is absurd to think that somebody can incur debt on behalf of somebody else. A creditor accepting such an obligation as a promissory note deserves what they are likely to get, which is nothing much at all. Decades ago I argued that the idea of a risk premium on shares over "safe" government debt was back to front and that it's actually governments which should carry the risk premium. Mqurice