Madrid police clear protesters from streets

The Indignados, or the indignants, are celebrating the first anniversary of their world famous protest against austerity and the financial and political elite.
B92

Protesting against austerity won't solve the problems facing the Spanish youth and the population at large.Just like the Greeks,the Spanish e are at war with malignant sociopaths who will step on the bodies of their children, rather than relinquish their right to their extortionate riches.They are locked in conflict with a corrupt elite, disguised as financiers, bankers and politicians.

My advice to my Spanish friends will be to tell Merkel and the foreign bondholders to shove it and get Spain back to work with your own currency.

Sure, and then they will not be able to borrow again in the capital markets for decades or they'll have to borrow with outrageous rates :) Nice advice.... Have you ever asked yourself why US or UK can borrow so easily and at very attractive rates ?
(icj1, 13 May 2012 23:43)

The first question you have to ask is who sets the interest rates in US and UK .The answer is the Federal Reserve and Bank of England.Now the U.S. government has saddled itself with the greatest debts the world has ever seen: An “official” national debt of more than $16 trillion PLUS more than $65 trillion in entitlement obligations and the US is now adding another $1.4 trillion in new debt every year.The UK has an official debt of £ 1.2 trillion which doesn't include the £850 billion in bank bailouts.Both the US and UK are keeping interest rates very low to allow them to pay their debt.When interest rates are close to zero and real inflation rates(not official ones)up to 10% it's easy to see that there is an internal devaluation of all assets.Debt is paid through inflation.

The US and UK have also embarked on $trillions money printing QEs over the last three years (money out of thin air)to keep afloat their bankrupt banking sector.Whether Spain will be allowed to return to the capital markets look at the example of Argentina to answer your question.

My advice to my Spanish friends will be to tell Merkel and the foreign bondholders to shove it and get Spain back to work with your own currency.
(Leonidas, 13 May 2012 13:41)

Sure, and then they will not be able to borrow again in the capital markets for decades or they'll have to borrow with outrageous rates :) Nice advice.... Have you ever asked yourself why US or UK can borrow so easily and at very attractive rates ?

The Indignados, or the indignants, are celebrating the first anniversary of their world famous protest against austerity and the financial and political elite.
B92

Protesting against austerity won't solve the problems facing the Spanish youth and the population at large.Just like the Greeks,the Spanish e are at war with malignant sociopaths who will step on the bodies of their children, rather than relinquish their right to their extortionate riches.They are locked in conflict with a corrupt elite, disguised as financiers, bankers and politicians.

My advice to my Spanish friends will be to tell Merkel and the foreign bondholders to shove it and get Spain back to work with your own currency.

My advice to my Spanish friends will be to tell Merkel and the foreign bondholders to shove it and get Spain back to work with your own currency.
(Leonidas, 13 May 2012 13:41)

Sure, and then they will not be able to borrow again in the capital markets for decades or they'll have to borrow with outrageous rates :) Nice advice.... Have you ever asked yourself why US or UK can borrow so easily and at very attractive rates ?

Sure, and then they will not be able to borrow again in the capital markets for decades or they'll have to borrow with outrageous rates :) Nice advice.... Have you ever asked yourself why US or UK can borrow so easily and at very attractive rates ?
(icj1, 13 May 2012 23:43)

The first question you have to ask is who sets the interest rates in US and UK .The answer is the Federal Reserve and Bank of England.Now the U.S. government has saddled itself with the greatest debts the world has ever seen: An “official” national debt of more than $16 trillion PLUS more than $65 trillion in entitlement obligations and the US is now adding another $1.4 trillion in new debt every year.The UK has an official debt of £ 1.2 trillion which doesn't include the £850 billion in bank bailouts.Both the US and UK are keeping interest rates very low to allow them to pay their debt.When interest rates are close to zero and real inflation rates(not official ones)up to 10% it's easy to see that there is an internal devaluation of all assets.Debt is paid through inflation.

The US and UK have also embarked on $trillions money printing QEs over the last three years (money out of thin air)to keep afloat their bankrupt banking sector.Whether Spain will be allowed to return to the capital markets look at the example of Argentina to answer your question.