Tag Archive | "Portugal"

There is not enough money to bail out Spain

Not after Ireland and Portugal get theirs first.

But these bailouts don’t help the populace, only the banksters who made risky loans. If we had actual capitalism, the banks would be allowed to fail rather than being propped up by governments.

Posted in Banksters, News

Greece circling the drain, Spain and Portugal could be next

We’re talking sovereign debt defaults now.

El-Erian [CEO of bond management giant Pimco], in so many words, says Greece will default. Krugman is talking about the real possibility of unwinding the euro and ends his piece with: “I think I’ll go hide under the table now.”

That’s some seriously gloomy language from arguably the most influential public economist in America.

Bank runs in Greece, which should come as no surprise.

The Eurozone wouldn’t be imploding if “if banks’ toxic gambling debts hadn’t been assumed by the world’s central banks.” Apparently, banksters must be protected at all costs, even if that means cratering the economy of one’s own country.

The central bankers have done the wrong things. They haven’t fixed anything, but simply transferred the cancerous toxic derivatives and other financial bombs from the giant banks to the nations themselves.

And in doing so, bailed out the criminals who created the toxic slime.

However, when not covering for the banks, their response to the Greece crisis has been, well, comical.

Zero Hedge video response on EU/IMF reaction to Greek debt crisis. “Presenting the EU/IMF’s strategic and tactical unit in action.”

Posted in Banksters, News

Portugal legalized personal possession of drugs 5 years ago, usage dropped

The libertarian / conservative Cato Institute found that after five years, illegal drug use among teens declined, HIV infection rates dropped, and many more people sought medical help for drug addiction. Thus, by all measures, the legalization policy has been a resounding success.

The data shows that decriminalization does not result in increased drug use. Since that is what concerns the public and policymakers most about decriminalization, he says, “that is the central concession that will transform the debate.”

Posted in News


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