we owe a huge amount of money to a lot of groups, but the fact is simple, if you owe someone 100 euros it your problem owe them 1000000 thens it there problem. europe cannot allow us to default as it will destroy single currency so we are in fact in a very strong position.
we should tell all these bondholders and crediters what we can afford to reasonably pay. 50% of something is better than 100% of nothing.
sadly our leaders so far have not had the balls to play hard ball
i live in hope
The USA weren't in the FIrst World War for starters and secondly we don't need their money. Everybody, including Wall St. knows we will default, it's just a matter of when. The sooner the better and we can all start getting on with our lives. The Government will have to tackle spending though and unfortunately I don't think they have the balls to tackle the Public Service,welfare cuts and the cost of Asylum seekers.
Last edited by oneeyedreilly; 21-03-11 at 08:04.
Why don't we (as in the Government) print money. Genuine fakes, if you know what I mean. And say nothing.
Just a couple of hundred million, just enough to remove the sting.
Maybe you meant "not in it for long", but click this link anyway... World War I - Wikipedia, the free encyclopedia
Last edited by Mousey; 21-03-11 at 09:38.
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