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Peter1469
10-11-2012, 09:45 AM
The Eurozone is moving towards collapse along the path that I predicted.....

Spain’s debt rating was cut to one level above junk by Standard & Poor’s, which cited euro-region peers’ backtracking on a pledge to severe the link between the sovereign and its banks as it considers a second bailout.

http://www.bloomberg.com/news/2012-10-10/spain-downgraded-to-one-level-above-junk-by-s-p-on-risks.html

coolwalker
10-11-2012, 10:01 AM
Such a shame. I lived in Spain in a city called Jerez de la Frontera off and on for 18 years. My parents had an Arabian horse ranch there. It is a delightful country full of wonderful people, great wine, festivals and beautiful women. In my youth, Franco was still alive and I was there when he died as well. The country was fine until the socialists took control of their "congress". That began a slow decline that is ending badly. it should be an example for all Americans to see where we are currently headed.

waltky
10-26-2012, 12:46 PM
1 of 4 are unemployed in Spain...
:shocked:
Spain jobless rate hits new high in third quarter
26 October 2012 - The unemployment rate in Spain is the highest in the eurozone


About a quarter of working-age people in recession-hit Spain are unemployed, new figures have shown. The unemployment rate rose to 25% in the third quarter, from 24.6% in the previous three months, Spain's National Statistic Institute said. Among workers aged 16-24, the jobless rate was flat at about 52%.

The figures confirm those by the EU statistics agency, which has said that unemployment in the eurozone is at a high of 18.2 million. "In the space of just five years, unemployment in Spain has risen from 8% to now just over 25%," said the BBC's Tom Burridge in Madrid. "In parts of southern Spain, one in three of those looking for a job can't find one." "An increase in the number of people out of work means less money circulating in a recession-hit Spanish economy. It also makes it harder for the Spanish government to balance its finances, as it pays more out in unemployment benefits, and takes less revenue in."

Spain is trying to restore confidence among international investors in Madrid's ability to repay its debts, which have been made harder by the fact that Spain is currently in a deepening recession.

More http://www.bbc.co.uk/news/business-20094791

KC
10-26-2012, 12:47 PM
We should be careful not to go down the same path.

Captain Obvious
10-26-2012, 10:02 PM
We should be careful not to go down the same path.

Yeah, right.

We're all riding in the back of a 72 Chevy half ton balls out down that trail with a windshield covered in mud, 3 bald tires and an exhaust system that dropped a half mile back with BO in the drivers seat and Pelosi and Reed riding shotgun.

KC
10-26-2012, 10:09 PM
Yeah, right.

We're all riding in the back of a 72 Chevy half ton balls out down that trail with a windshield covered in mud, 3 bald tires and an exhaust system that dropped a half mile back with BO in the drivers seat and Pelosi and Reed riding shotgun.

I don't think it matters who's driving, just whether or not they'll hit the brakes. I'm not convinced that anyone will.

Captain Obvious
10-26-2012, 10:12 PM
I don't think it matters who's driving, just whether or not they'll hit the brakes. I'm not convinced that anyone will.

GW and his crew wandered down that path. BO is blindly breaking the sound barrier down it.

Peter1469
10-26-2012, 11:18 PM
Yup, we are running head long into a currency collapse. Get ready peeps! Anyone have a good recipe for pigeons? :azn:

KC
10-26-2012, 11:21 PM
Yup, we are running head long into a currency collapse. Get ready peeps! Anyone have a good recipe for pigeons? :azn:


If you remove the feathers, and douse it with this stuff. I'll eat it.


http://everydayfoodblog.marthastewart.com/wp-content/uploads/2011/01/sriracha-340x505.jpg

Same goes for just about any animal, though.

Peter1469
10-26-2012, 11:37 PM
That is a good hot sauce.

KC
10-26-2012, 11:38 PM
That is a good hot sauce.

My cooking wouldn't be tolerable without it.

Captain Obvious
10-27-2012, 07:28 AM
If you remove the feathers, and douse it with this stuff. I'll eat it.


http://everydayfoodblog.marthastewart.com/wp-content/uploads/2011/01/sriracha-340x505.jpg

Same goes for just about any animal, though.

Cock sauce!

I consume a bottle of that a week.

KC
10-27-2012, 11:00 AM
Cock sauce!

I consume a bottle of that a week.

We keep a couple bottles of reserve in the pantry at all times.