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Thursday, June 28, 2012

Debt crisis?

(Hat-tip Temperance Terry)


10 comments:

Towack said...

so thats where happy feet got to, still sucking off the tax payer

robertguyton said...

Penguin-hater!
Have you no compassion at all?

paulinem said...

Even more upsetting that all the worlds life blood is going to salvage debt is
1) the debt was only created by a book entry... ie no actual money was lent out ..so if default happens it is only the money speculators ( Keys clones )whom would suffer.

2) If we looked after the developing world they are the ones that spend money for such basics as food and as result would boost the global economy, which encourages countries like little old NZ to prosper!

Towack said...

there are quite a few issues with your theories.
1. The debt was created by people spending more than they earn, buying tv's, cars, bigger houses and renovations they couldnt afford, nothing to do with John Key, everything to do with greed.
2. Yes the developing world needs food, but they have no money to pay for it, so here comes the life blood of the world bank because if we, as NZ want the economic boost that you claim, those poor countries can never pay for it.
3. Your obvious feeling about John Key are interesting considering that you are happy to make a profit selling food to countries in desperate need.

paulinem said...

Towack the money the EU indebtness ....was created by a book entry ie paper money with no money in the bank) The European people whose countries are in debt with were encouraged to live on credit so its a bit rich to say they deserve the pain they are undergoing at present ...I referred to Key as he also was a money speculator or commonly referred a gambler of worlds economy. That's how Keys made his millions and not by any sense of an honest days work etc. Money speculators under our present global economic directions are making multi billions of the world economies and as result are causing a real problem with rising prices and other negative effects etc in many countries

It is money speculators that have made the most from the influx of indebtedness in Europe and its them that are panicking the most if Greece defaults there way of living of gambling with paper money with the countries economy is at risk ..

In my opinion the sooner Greece Spain Portugal and Italy they get out of their present economic direction which promotes greed for a minority the better and also out of the EU as only a minority of the Europeans gain from the EU economy.

If we help the poor of the developing countries they will spend it to help improve there way of living on the basics of life in doing so it will cause a circulation of the global economy ..and thus in the end we will all gain from this.

Unknown said...

Love the cartoon. Any idea who did the original? I'd love to use it in a publication I'm producing, and have no idea who to write to in order to request authorization.

robertguyton said...

I'm sorry, Colin, I don't know. I just used it in the hope that the cartoonist wouldn't mind. If he did, I'd take it down, but in your case, publishing it in a book presents problems.

Unknown said...

Thanks Robert, it was just on the off chance. I'll keep on looking for the author!

Cheers

Joe W said...

The cartoon is the work of the German Jį¹»rgen Tomicek (born 1957). Google translate does a passably useful job of rendering his homepage into English.

robertguyton said...

You're a whizz, Joe! I hope Colin called back and caught your comment.