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

To: Elroy Jetson who wrote (135857)	10/2/2017 12:23:54 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217734

i do not have any particular opinion on catalonia independence, because i do not know enough about the history or issues, and so am good w/ the locals, however they are defined, to sort it out amongst themselves whatever i may suggest might just make the situation worse if implemented am not familiar w/ the tax portions, benefit distributions, asset takes, and liability assignments same again w/r to the kurds, iraqis, turks, etc etc the list seems to extend each time we look per warring state history, and spring-autumn period protocols, division comes after unification, which comes after separateness, that begets wars, etc etc a lot like the scab kids occasionally get, that which itches, best to scratch, and then ... human state, unfortunately, just is in the mean time the kids, chinese and russian, seem to get along just fine one big noticeable difference being that nicole is more enthusiastic about jack's book collection than jack appears to be

To: Elroy Jetson who wrote (135857)	10/2/2017 1:40:45 PM
From: elmatador	Read Replies (1) \| Respond to of 217734

a comment on the FT article about the referendum Lets look at the numbers as it is easy to understand what is going on once you do. Cataluña's public debt rose 475% since the 2008 crisis and is first in public debt as of 2017 (76.7 Billion) a hair less than double that of Andalusia (33.9 Billion) and double that of Madrid (32.6 Billion)...leaving Valencia as its only rival for first place sitting at 45 billion. Cataluña's debt is so large that their credit rating is at junk status (BB). The only reason they are not defaulting is because the central Government is backing (guaranteeing) their debt, which makes their debt service payments (also subsidized by Madrid) manageable. Problem now is that Catalan politicians cannot fund their own programs as they cannot borrow any more money (cut off from the debt market since 2012) and Madrid cannot send them more money as there are much poorer regions that need funds. Since they can't exactly tell the population that they are broke due to corruption and serious financial mismanagement, they invented a boogeymam in Madrid that robs them off their taxes (the fact that Madrid pays even more into the system then it gets out compared to them is strangely ignored). So they lied to the public to cover themselves, and are using the noise generated by the referendum as a smokescreen to divert the corruption investigations from their affairs. If you have ever engaged in discussion with the average Catalan who supports Independence, you will see quite readily just how ignorant of the reality of the situation they truly are. You cannot reason with them because they have been indoctrinated on these issues for years, and will simply ignore any facts they don't agree with. ft.com