Tardis Posted December 11, 2011 Share Posted December 11, 2011 England should just go bankrupt and have their debts written off, then start again. People who work would still get paid anyhow. It would only be rich people who suffer which sounds good to me. Link to comment Share on other sites More sharing options...
Tony Posted December 11, 2011 Share Posted December 11, 2011 Ah yes, the principle of dragging clever and successful people down to the level of your own miserable existence. Which one benefits the gene pool, them or you? Link to comment Share on other sites More sharing options...
Tardis Posted December 11, 2011 Author Share Posted December 11, 2011 Would that be the same clever and successful people who created the mess in the first place? Or did they simply create a mess to let others pay for it? Link to comment Share on other sites More sharing options...
MrSmith Posted December 11, 2011 Share Posted December 11, 2011 Without the host the parasites will die, kill the parasites and the host feels much better and will thrive. Link to comment Share on other sites More sharing options...
spooky3 Posted December 11, 2011 Share Posted December 11, 2011 England should just go bankrupt and have their debts written off, then start again. People who work would still get paid anyhow. It would only be rich people who suffer which sounds good to me. Just how would that work? Link to comment Share on other sites More sharing options...
I1L2T3 Posted December 11, 2011 Share Posted December 11, 2011 Just how would that work? Haircuts. It's going to happen sooner or later because there is so much debt in the global system it can never ever be paid. Pointless pretending otherwise. Link to comment Share on other sites More sharing options...
spooky3 Posted December 11, 2011 Share Posted December 11, 2011 Haircuts. It's going to happen sooner or later because there is so much debt in the global system it can never ever be paid. Pointless pretending otherwise. Germany and France wouldn't even bail out their partners, as if they'll write it off... as for any other national state! Link to comment Share on other sites More sharing options...
I1L2T3 Posted December 11, 2011 Share Posted December 11, 2011 Germany and France wouldn't even bail out their partners, as if they'll write it off... as for any other national state! They will have to write it off or commit to perpetual bailouts. Or grow. They don't look like growing much. Greece has already had a managed partial default by the way. Link to comment Share on other sites More sharing options...
spooky3 Posted December 11, 2011 Share Posted December 11, 2011 Greece has already had a managed partial default by the way. I remember now, come to think of it, but who wrote it off? Someone will always have to pay for it (or just write it off their books). Link to comment Share on other sites More sharing options...
I1L2T3 Posted December 11, 2011 Share Posted December 11, 2011 I remember now, come to think of it, but who wrote it off? Someone will always have to pay for it (or just write it off their books). How was it paid for? Haircuts. Banks and institutions took a write down on Greek sovereign debt. The first write downs of many across Europe. Wait and watch. Link to comment Share on other sites More sharing options...
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