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Comment: In other words (w/o contention), buddy, can you spare a dime?
In other words (w/o contention), buddy, can you spare a dime?
Hopelessly indebted nations will have to bailout even more hopelessly indebted nations so that the most hopelessly indebted nations can pay tribute... at least in the form of "legal tender" interest or homage... to the aforementioned.
Let me try again...
Large broke nations will be obliged to loan "legal tender" to smaller broke nations in the hope that the smaller nations will continue to pay the larger nations.
One more time...
Large broke nations will extend lines of credit to small broke nations until the music stops.
Simply...
Big fish, big appetite. Little fish, served.
Clarke and Dawe: Lending merry-go-round There're going to have to bail them out. How can broke economies lend to other broke economies? They're going to get a bailout, aren't they?
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑