{"id":184901,"date":"2011-12-16T20:54:00","date_gmt":"2011-12-17T01:54:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/12\/16\/someone-gets-it-in-europe\/"},"modified":"2011-12-16T20:54:00","modified_gmt":"2011-12-17T01:54:00","slug":"someone-gets-it-in-europe","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/12\/16\/someone-gets-it-in-europe\/","title":{"rendered":"Someone Gets It in Europe"},"content":{"rendered":"<p>Vice President of the Portuguese Socialist Party has been taped saying that <a href=\"http:\/\/www.telegraph.co.uk\/finance\/financialcrisis\/8959687\/Talk-of-nuclear-default-sums-up-Lefts-anger-at-EU-dictates.html\">default is a preferable alternative to dismantling the social safety net<\/a>:<\/p>\n<blockquote><p>&#8220;We have an atomic bomb that we can use in the face of the Germans and the French: this atomic bomb is simply that we won&#8217;t pay,&#8221; said Pedro Nuno Santos, vice-president of the Socialist Party in the parliament.<\/p>\n<p>&#8220;Debt is our only weapon and we must use it to impose better conditions, because recession itself is what is stopping us complying with the (EU-IMF Troika) accord. We should make the legs of the German bankers tremble,&#8221; he said. <\/p><\/blockquote>\n<p>Angela Merkel and the rest of the sanctimonious &#8220;Good Germans&#8221; can natter all they want about responsibility, but if one of the debtor nations says, &#8220;f%$#k you, we&#8217;re defaulting,&#8221; it&#8217;s game over for the German banking sector and their economy.<\/p>\n<p>What the &#8220;Technocrats&#8221; and &#8220;Very Serious People&#8221; don&#8217;t realize is that their demands are going to make this scenario happen sooner, rather than later.<\/p>\n<p>There is a saying, &#8220;If you owe the bank $1,000.00, the bank owns you, if you owe the bank $1,000,000.00, you own the bank.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vice President of the Portuguese Socialist Party has been taped saying that default is a preferable alternative to dismantling the social safety net: &#8220;We have an atomic bomb that we can use in the face of the Germans and the French: this atomic bomb is simply that we won&#8217;t pay,&#8221; said Pedro Nuno Santos, vice-president &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,1004,985],"tags":[],"class_list":["post-184901","post","type-post","status-publish","format-standard","hentry","category-europe","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184901"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=184901"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184901\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=184901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=184901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=184901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}