The Web Of Debt - discussion of debtor nations that may walk away

[truedelphi]

Good discussion about Greece, Denmark and Latvia here:

http://www.webofdebt.com/articles/eu_imf.php

Although Great Britain and the EU are pressuring these nations to make good on monies owed to the Big Wall Street firms, these nations do not want to ruin their economies over what is essentielly simply paper created out of 'thin air debt.'

What was good for Dubai might be good for Denmark and the others.

Thought that some people here might enjoy the discussion

[notesdev]

1. Don't forget Iceland!

They may be the first to tell the bankers to kiss off, and I sure hope they do.

[truedelphi]

5. Apparently I did forget Iceland!

The article I point to references Iceland, which my brain got mixed up with Denmark.
It was late at night and I apologize.

[Craftsman]

2. Don't also forget the USA.

[girl gone mad]

6. Starting with California..

http://www.businessinsider.com/schwarzenegger-makes-emergency-appeal-to-white-house-for-bailout-of-california-2010-1

[westerebus]

3. The sooner, the f'n better.

Crack open the champagne and let's be done with it!

[northernlights]

4. k&r

do it. now.

[bemildred]

7. Hey, it worked for Argentina and Venezuela.

Debt slavery is still slavery. Might as well go bankrupt and start over.

[abelenkpe]

8. Worldwide jubilee sounds just about right.

Why not do that?

I don't have any debt and have nothing to gain, but it sounds better than war or slavery.