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but the troika aren't the ones imposing it on us. Simple accounting has dictated it.
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Creditors...who exactly they are? And how is it possible that they " accidentally" borrowed money to those who never had a chance to repay it? Are they incompetent?
I wouldn't think so.
The bubble was CREATED and what bothers me is that no one is in jail for bankrupting entire countries...intentionally...just because of lack of regulation...or corrupted politicians being oh so willing to deregulate financial sector. Same politicians are not only in power but are now imposing austerity left and right to "save" our countries...while banksters have never better time to do their dirty business. It is hopeless because the whole situation is schizophrenic...  

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Wed Mar 6th, 2013 at 10:20:30 AM EST
[ Parent ]
but the troika aren't the ones imposing it on us. Simple accounting has dictated it.
Stephen Kinsella, common sense conservative.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Wed Mar 6th, 2013 at 10:21:19 AM EST
[ Parent ]
And propagandist.

There is no alternative (to propaganda), of course.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Mar 7th, 2013 at 04:26:09 PM EST
[ Parent ]

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