The non-plan about a “voluntary” debt cut, is gone. Wel if you have followed this blog you know this hardly can be told to be a suprise.
At first If I’m having the bond I have the right to get my money back. It’s up to me and the debtor to figure something out if he’s not able to pay.
And there is the possibility to get an insurance about a non-paying debtor. So if I’m having the bond and such insurance. Why should I disclaim
I swore myself some years ago never ever to buy any bond of any government any time again. And so I was out of this bonds in 2009.
So it’s should not be my business any more. But now the states decide to hand out money they to not have to other governments which
are broke. You can imagine how I feel about that. This is theft in it’s worst form. But it’s theft from governments, and then it’s not theft any more.
Anyway the private bond holders have said. We are not convinced and now it’s obvious Greece is broken. And the “saviors” of the other EU countries are on there way to
be broken also. Even the rating companies, finally realize that. But still they are givign most of the states something with an A in it. That’s stupid and another lie.
Fact ist all but a few countries are broke. Manys in the € zone and we do not have to talk about the US anymore. They has a debt increase over 70% in the last 3 years. They
are completly broken also. So neither of them deserves that anyones trusts them any more.
It seems that trust has gone down the drain. And that’s a good thing. I hope we’ll see the end of this Fiat-money system soon. And I wish this that those which have put us there, get their