REPORT ABUSIVE REPLY
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Message Subject
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Holy Shit Here We Go: People are freaking out in Europe of the Cyprus bailout.
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Poster Handle
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Pathaka |
Post Content
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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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