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Message Subject Holy Shit Here We Go: People are freaking out in Europe of the Cyprus bailout.
Poster Handle Pathaka
Post Content
People in bankrupt countries with bankrupt banking systems should be cared.

Sorry, that's the way it is.

BTW, I find it really funny that people who have been enjoying the huge debt ridden monetary boom of the past 10-30 years are now suddenly complaining when there's a hint of possibility that they might have to give 10% back. Irony, oh irony.

For example, the consumers in UK are levered to the hilt.

They should (on the average, not every single individual) lose 50% and it would be just.

Debt is not wealth and much of the savings earned through a debt bubble appears to be pretty ephemeral too.

Not saying this with malice, that's just the way things have been for the past 450 years or so.
 
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