Burrowing and hickups
Published:
December 20, 2011 at 7:35pm
I'm off to burrow some money
Go to timesofmalta.com and read the comments beneath the story headlined ‘Malta to lend €260m to IMF for eurozone bailout’.
They’re amazing. If you had any doubt left that the Labour Party is conservative and right wing (with none of the positive aspects of conservatism, though, and certainly none of the style), just watch its supporters ‘do a Cameron’.
What do you call the bulldog spirit when it’s in Malta? The Chihuahua sensation?
At least there’s a bit of amusement among those comments with lots of talk about ‘our burrowings’ and how membership of the Eurozone began with a hickup.
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http://www.timesofmalta.com/articles/view/20111220/local/eu-short-on-imf-loans-target-as-britain-refuses-aid.399264
OK darling so according to you we should be happy and cheerful that we are donating another €260m. Get a life!
[Daphne – How does it make a difference to your life, reuters? It’s hardly coming out of your pocket. I imagine you don’t understand the principle of give and take (and it’s a loan, anyway). With Laburisti it’s all take, take, take. Ha nara x’se nakkwista.]
Ooh the “get a life” crowd have come to visit the blog. How exciting!
This loan won’t increase our debt or deficit. And, it is an interest-bearing loan, so I can’t get your point.
Actually I would rather be in a position to lend than on hands and knees begging for a loan. Also not a question of getting a life, rather one of getting a brain.
With the current global economic situation, whether it’s PN or PL in government in a few months’ time is the least of my worries.
More pressing questions on my mind are … will the euro still exist?
What will its value be relative to the world’s major currencies?
Will the debt contagion eventually reach us?
Will I or other people around me still have a job in a few months or maybe a year’s time?
With debt-ridden countries lending money to even more debt-ridden countries, it sounds more like a case of the blind leading the blind.
And the truth remains that the euro in its current form is a complete cock-up.
Anybody who equates lending money to the IMF to a donation is, by definition, a nincompoop.
He knows nothing about the IMF and,I suspect, about much else.
Is Malta “burrowing” that money in order to lend it to the IMF?
Im afraid to disagree regarding this IMF bailout fund. Its not that we have a choice however.
There are billions of dollars bet on the failure of the Euro. Big banks in the US are betting on the stock market that the Euro will fail and when it does, they get a huge payout. Its this factor which is keeping the interests for lending in Euro so high, for countries like Greece and Italy.
As long as these big players are betting against the Euro, whatever money we put into the IMF is for nothing, as these big sneaky banks just `invent` more money to bet against us.
And dont forget these credit rating agencies…… who are in on the game…. since they share directors on each others boards.
So… No, I dont agree with all this bailout money being dished out…. whilst we need to loan it ourselves, to give to others. But we have no choice, cause these bankers will win their bets…. and we will loose much more.
The biggest problem around at the moment is that there are banks and corporations which are too big… and they can control governments without needing the politicians. They control the governments by their cash flow.
Very amusing indeed. It’s your own comments we’re still waiting for – all about the extra 260 mln we’ll be adding to the already-pledged 760mln for the ESM, also known as the Permanent Bailout Fund.
Biljun l’hawn u biljun l’hemm… Money no problem – when dejn is the solution.
This explains the attitude: http://www.youtube.com/watch?v=5m01uxhpyI8
Eur1billion is under Eur3k per capita. What are you saying? That we should not offer a loan equivalent to 1-2 months’ salary, even if it means worsening the current crisis?
That sounds about as moronic as the opinion that Mintoff was a success “ghax halla Lm400m. fil-kaxxa ta’ Malta”. Just to spare you some mental arithmetic, that means we lived in a 3rd world country during the 70s & 80s just so that Mintoff could claim that he saved nearly Lm100 a year per capita.
Daphne, what are your views on the following worrying (if true) video: http://youtu.be/EPcWHBPYOSU
[Daphne – The medium is the message: computerised voice (the same one you get telling you to turn off your mobile phone at the cinema), and questions preceded with the word ‘ Question!’ (with exclamation point implied). Zero credibility: for poorly educated teenagers, conspiracy theorists, Americans and Kevin Ellul Bonici. ]
Listen to what the expert is telling you, mike. And if you want to enhance your world-view, be sure to read her investigative reports on economic and financial matters. Daphne has full credibility. Rich in global geo-politics and EU affairs, too.
Those conspiracy theorists are all nutters. Just note their exclamation marks, their accents, their noses, and you’ll understand why you shouldn’t waste time on what they say. Much of it is backed by mainstream reports, legal documents and government statements, anyway. So why bother?
Just think about it. Had these conspiracy theories been true wouldn’t the corporate media have told us about it?
Go back to sleep, mike. Enjoy your bliss. Daphne would let you know should the time come.
Here, Mrs Digital Voice – read the European Mechanism Treaty: http://consilium.europa.eu/media/1216793/esm%20treaty%20en.pdf
And while you’re at it, read a draft new EU treaty: http://www.scribd.com/doc/75877614/New-Treaty
It will definitely work: we’ll be borrowing to lend and re-borrow until we’ll all be insolvent and enslaved. The IMF and its controllers will then be even more powerful than the tool you call EU.
Correction: European Stability Mechanism treaty (due to enter into force July 1, replacng the current EFSF). Malta is to borrow €750 mln to throw into this pisspot, apart from the €260 mln for the IMF.
Who pays you, Kev? Declaration of interest is key to credibility and transparency. All conspiracy theorists know that.