Spain gets 100M euro bail out

[Zodiacdiverdave]

Spain asks for a 100M euro bail out for it's banks, yet it won't use the $500M in treasure it got from Odyssey.
So the rest of the European countries have to pay so Spain gets to keep the booty, what's up with that?
ZDD

 

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[ray in ny]

It's actually a $100 BILLION bailout, going to the banks, not the government. The govt, with the help of Obama, confiscated Odyssy Marine's rightfully earned money. If not for that, Odyssey Marine would have paid TAXES on the money, put the money in a BANK, and used the money to HIRE WORKERS and BUY EQUIPMENT to look for more treasure. That's the difference between Eurobama socialism and free enterprise--any questions?

 

[Alexandre]

Spain is the fourth EU country to be bailed out, and it wont be the last - the buck will eventually stop when there is no more criative financing to be invented and countries realize that, just like your average Joe budget, you cannot spend more than you make.

Unfortunately, if history teachs us anything is that there's no better job thab being a bank owner: in good times, your profits are split with you and your shareholders; in bad times, your losses are paid by taxpayers.

 

[MORE AND BEYOND OSSY]

For starters Dave the 100B is a loan to the banks, they have to pay it back
And $500M is the figure Odyssey used it's not worth that ! The coins will be going to museums they will not be sold !!
By the way is the US still printing more money?? How much is it now 14 trillion in debt !!!!!
Ossy

 

[AUVnav]

Wow, Ray really?

In case you werent aware, we owe $800Billion to the Chinese Government, and they are not the only ones. The US is still able to sell T-Bills, what do you think that is?

The governments in Europe, that are in trouble, are no longer able to sell bonds. Unfortunately, if there were a marginal call by the Chinese, we would have to deed them California, Oregon, and Washington for payment. Good thing any State is still considered a liability, not an asset.

Really, the 500 thousand ounces of silver on the Mercedes, were worth nothing more than that.