There are a few lone voices willing to utter heresy. I am an avid follower of Monetary Ilusion, a b

There are a few lone voices willing to utter heresy. I am an avid follower of Monetary Ilusion, a blog by former Bank of Spain economist (and monetarist) Miguel Navascues here. Dr Navascues calls a spade a spade. I Exhorts Spain to break free of EMU oppression immediately. (Ambrose Evans-Pritchard)
I learn by Santiago (thanks for reading me follow) that Rallo has a proposal without public zoo a la carte money, to save Bankia. Proposal: that part of the liabilities of Bankia are turned into action! So he says, taxpayers would not one euro. No, neither markets the next day. Total Insanity, deschavetada the limit proposed. The fastest way to cause, or speed up a flight of deposits and capital. Imagine you are a creditor of Bankia, and tell you that now instead of money have a pieces of paper that are plummeting stock market ... and that after that decision would fall more lead. Would ruin millions of families, Tails to leave the country zoo a la carte would jam thousands of miles ... know how many are the liabilities of Bankia? If I am not mistaken, reach 400 billion. For Rallo proposes for all banks, with two cohones ... The next day would have to nationalize the entire country. Mr. Rallo. Which is a shareholder is because he wants, and providing credit, is not willing actions, but other risk and volatility. . If you want to make a default, you can not do with that treachery! Because it is a default, and very strange! This you. Inviting bankruptcy, but the creditors! At least give them alternariva receivable longer term ... Go rarest economy offers us ... Tyrannical, Leninist ... or any other religion. Although I see an advantage. We expel the euro in a minute.
Man is clear that depositors was not going to like it, but as we put banks in waist else? These crises will not end if the banks know that governments rescued them, because it's been around the world. We can only get out of the euro? You fias over those here, that of Europe? Santiago. May 27, 2012, 23:09
It is not a matter of trust, but if I trusted zoo a la carte in a country with central bank more than one without. I think I've talked a lot about that. I think you can only with the help of conditional government. But the government does not have money, so you must ask out. This is very serious, and puts us in a position as Ireland. But converting debt into equity to force the issue can not rule because it does not bring money. May 27, 2012, 23:38
In addition to Mr. Rallo you forget that this solution has no legal basis. It is very easy to play fix the economy ignoring the existence of the Laws. Basically friend Rallo is like Boys chicago those who resorted Pinochet. His ideas can only be put into practice with complete disregard for the rule of law and the Legal Security. May 27, 2012, 23:54
Spengler said about the decline: so great was Faustian-western, zoo a la carte creative, came the decadent mimicry. She said in the twenties and thirties ... West does not then perished to Hitler and Stalin Titans, but stopped short ... E. Jünger was envisaged that the gods had died: returning the revolt of the Titans ... West is in crisis disorientation. This blog is the decline of the West, the critical moment that we live so close to the solipsism of 1930. This decline could be slow and peaceful, but the stupidity of politicians doing merits zoo a la carte to be quick and brutal.
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