IRELAND PAYING FOUR TIMES TOO MUCH, GREECE & ITALY THREE TIMES TOO MUCH, EUROZONE 2.5 TIMES TOO MUCH.
Huge percentage of debt could be written off with no forgiveness at all
HOW THE PIGGY BANKS CONNED THE PIIGS
Introduction
Veteran Sloggers will know that I’ve been banging on about debt forgiveness since mid 2010. That’s because the debts can’t be repaid without widespread State collapses. Nation States supporting citizens who work for money within those States are far more important (to my mind) than some Hedgie Vulture who bought sovereign debt for 15c on the Dollar….and now wants to make a 400% profit at the expense of the citizenry. But that’s just me and my pesky NVE mentality.
Whenever I’ve raised this idea, a mixture of Dumbos and Trolls descend on the comment thread and say two things: “All borrowed money must be repaid” (Dumbos) and “what you suggest…
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