And it is only a matter of time before the Government is forced to default as a debt bubble and low wages effectively forge the worst declines in "living memory".Leading economist Roberto Centeno, who was an advisor to US president Donald Trump's election team on hispanic issues, says the country has borrowed £508 billion (€603) billion that it cannot conceivably pay back.And he says Spanish politicians including Minister of Economy Luis de Guindos are "insulting their intelligence" after doing back door deals with the ECB.
In a blog post Mr Centeno says there needs to be audits so the country can understand the magnitude of its debt mountain.
He said Spain was “moving steadily towards the suspension of payments which is the result of out of control public waste, financed with the largest debt bubble in our history, supported by the ECB with its crazy policy of zero interest rate expansion and without any supervision.”
Latin American (including the Spaniards that were race mixed by Africans during the Muslim incursion) are race mixed genetically and culturally inferior
Parker Fisher
how will that affect housing prices etc in spain, you think? also catalonia separation?
>have extremely incompetent politicians >they fuck up the country >borrow money so that you can pretend the country is still fine >but in reality you just dug your grave a lot deeper and fucked up the country's future good job retards
you get what you deserve. I hope you enjoy your reward :)
Jason Morgan
>borrowed £508 billion (€603) billion
Logan Carter
Why is it always Spain the one that has economic crisis and problems?
Evan Baker
This is the reason why we need eurobonds.
Bentley Harris
So will be the spaniards to crash the euro with no survivors before the baguettes?
Ryan Scott
So there is just more debt and no happening?
Caleb Thomas
Eurobonds means the whole european debt is unified. The krauts will never accept something like that.
Noah Anderson
Their economy represent 10%, they don't have to.
Ian Hall
>tfw balearic >tfw this shit won't affect us at all because we have our own economy that will never fail unless a terrorist attack happens
Living on a tiny island has some perks I guess
Cameron Torres
Spain & Portugal are not white, they are no different than spic latin america and nigger infested hueland.
Isaac Jenkins
>amarican lecturing about whiteness
Gee
Juan Jenkins
>they don't have to. An this is why the EU has to be killed.
Josiah Ross
>(((economist))) >(((predicts)))
This is one man's opinion
Cameron Perez
Low property incoming!!!!! You guys ready to meet your new landlord? I'm talking to you Galicia
Aiden Jackson
>An this is why the EU has to be killed. >the EU needs to be killed because we're too uneducated and lazy to work and make money
Lol Reap what you sow lazy spaniard scum
Lincoln Baker
I literally dont care about a group of proto mexicans going poor
Their own problem for sucking eu jew cock.
Jose Butler
Mieda. Y yo que me quería volver a Espana...
Caleb Murphy
t. Tyrone
Ayden Roberts
Shoo shoo, shill.
Nolan Rodriguez
are nige predicted this. Praise kek
Mason Rivera
Off by one
Camden Wood
>the EU needs to be killed because we're too uneducated and lazy to work and make money YOU FUCKING GUIRI , LISTEN ME...YOUR FUCKING CURRENCY AND YOUR SHITTY POLITICS ABOUT EURO ARE CRASHING OUR COUNTRIES SO SHUT UP YOUR BIG MOUTH ABOUT LAZY AND SHIT.
Carter Sanchez
oh, SHIEEEEEEEEET, at least we have paella and cold beer
Andrew Lee
True But we're not your average Jose
The difference between spics and iberians is the following When spics move to other country, this called migration When iberians move to another country, this is called COLONIZATION That's why when everything goes to shit here, we, Iberians, will go to your country and breed with your women, be prepared.
Carter Sullivan
>People are allowed to vote >People want free stuff >Goberment has to pay or lose power >Political parties compete to see who promises more free shit >Country goes bankrupt >Somehow this is surprising
Brayden Hall
i don't understand economy. why are 500 billion important when US has 20 TRILLION and nobody seems to panic?
Christian Cooper
that's what happens when your political system encourages short term solutions
we had more laws and regulations passed in the last 20 years than in 1500 years of stable monarchy
Caleb Moore
what happened to italy's economic crash?
Ayden Gomez
Why does Spain always in its history have economic issues? From the reign of the inbred Habsburgs to today, Spain always seems to be having economic problems.
Matthew Davis
No le hagas ni puto caso, ni siquiera ha leido el post al que contestaba, mis razones no tienen nada que ver en absoluto con la economia, no en ese post. Es algun capullo pagado por la EU para que haga los mismos argumentos que ya conocemos todos.
Caleb Wright
Because they have nukes and have almost all goberments are wiretaped and have a military base near so they can get removed if they demand USA to pay
Caleb Young
Because the only proyection of power we have is to ask for the ransom of a million of guiris living here
Kayden Nelson
Because you took our colonies
Jordan Edwards
because YOSO
you only siesta once, so they siesta their whole life away
Jace Sanchez
Vote pablemos for basic income and become neet until they fucked up the country enough so we get sacked from the euro.
Then travel to japan and commit suicide in that spooky forest after you spent all your money in karaoke and love hotels.
I'm gonna live the dream guys, it's all planned.
Jordan Jackson
Still not as bad as Japan, desu
Andrew Morgan
I'll be there in September for school and to visit my family. Great
Juan Sullivan
PIGS are falling. this will be beginning of the end.
Jack Taylor
Power, strength of military, petrodollar, economy, productive workforce, international jewery
Justin Fisher
good for your tax haven too
Juan Young
Idiot
>be spain >have weak economy >be in EU >Germany is in eu >germany benefits from cheap euro >german products are unrealistic cheap >Spain people/companies buy from germany because better quality >have shit economic in your own country >need to get cheap money loans from ECB to stay somewhat alive >spent that money in germany
Germany kills other weaker economies, but somehow the EU Bank and politicians' think they are on the right way
The euro is dead unless we get a strong and a weak euro.
Jacob White
ant the real reason? Cronyism take to the extreme I've seen people that are worth their weight in gold not getting the contract because the bosses nephew wanted the job.
Christopher Murphy
your STASI government is taking revenge for us destroying their communist utopia.
Tyler Davis
Im more excited that this might lead to the eviction of the marxist and nigger menace. countries will recover, I have no fear about that
Jaxon Gonzalez
Too obsessed with money, you just have to pay leftists to suddenly defend crimminals and rape, Maybe paedophilia the next years.
Its not normal seeing many old geezers accumulating money outside of the country justf for the sake of being ultrarich, same with boycoting youngs when they want to work on their own.
Because government dont wanna invest in technology because they are literallyretards with a computer.
Jackson Torres
I, for once, welcome our new anglo overlords.
Lucas Robinson
What are we gonna do? We cannot even emigrate to Germany because it is now full of mudslimes.
Noah Lee
Doesn't this mean that Spain is actually saved? The only reason migrants come to Europe is because we're wealthy enough to give them gibsmedats. If Spain's economy tanks you can say goodbye to the welfare tourists.
Gavin King
>Because government dont wanna invest in technology because they are literallyretards with a computer. we did it in 60s and americans invested tons of million in Spanish industry "spanish miracle" now we are shit again
Adam Adams
No the ECB is, which is germany or some idiotic puppets
Small countries that are economically weak are not mad of EU / want less EU regulations because of immigrants and bullshit but because their economy goes down the shitter by default
James Ross
At this point our best option is to borrow more, public spending will have a multiplayer effect tht will save our country. (This time for sure)
>PHD in Keynesianism speaking here.
Cameron Flores
I dunno about other countries but migrants and illegals cost several billions a year to France, they cost our social security 1b a year and get better coverage than people that pay for it
Aiden Roberts
Were in this together Juan,were probably next on the list
Bentley Roberts
You and USA have more public debt as a % of that other thing.
>PHD in Keynesianism speaking here
Michael Green
We drive the wagon against the wall, then blame the weak economies. Brits were clever in Long term and how the state of the EU is atm
Like I say the euro is unrealistic cheap in germany and the german people pay the bill because import prices could be lower when there is a higher rated euro.
Most people fall for Schulz that stupid meme where we will have 4% inflation in 2 years and pay 60% tax for social welfare and EU economies
Not like merkel will be better but I don't get that Schulz hype
Colton Sanchez
>PHD in Kikeynesiasism
Cameron Edwards
They destroy your country, culture and society, that's the inner death A nation can only be strong safe and peaceful with a homogene and equal thinking society
The Euro on the meanwhile destroys you internationally
Were doomed pierre, America has to nuke us
Jaxon Stewart
typical german cuck idiot
Lincoln Hill
Factoring in the military might of the USA, it also has its own central bank so it can be a bit more flexible. You don't have that safety net because Spain, much like Greece is retarded and decided to go on a spending spree with Germany's credit card.
Isaac Hernandez
Banks are still not out of the water
Thomas Allen
That was in the past, now everyone want quick benefits, like wishing for us being poor at the same time they want us to buy a lot.
We have literally retards in economy
Jeremiah White
Rajoy is a bit beady if you look at his eyes.
Jose Carter
>believing Roberto Centeno
Carson Sanchez
What kind of guns do spaindards have access too?
Alexander Howard
Well he is right
Luke Hughes
Not an argument jude
Robert Anderson
>centeno
Austin Collins
But that's how our free market capitalism works amigo! >spend money >save money >have a family >Buy a house >user, you have to be grateful for these penauts I give you as salary. you have to be competitive! >don't blame the market Paco, that's unpatriotic! Real men just work!
Mason Allen
B-BUT the people!
Jose Perry
>The euro is dead unless we get a strong and a weak euro. You'd need two separate banks that would need to work together and work against each other at the same time.
Good luck with that Heinz Baked Kraut.
Jonathan Sanders
t. 22 trillion in debt
Noah Rogers
The debnpts must be paid to the Debnpt God.
Charles Watson
I have like 10 axes, a machete, and some "gardening tools". If needed, I could get a gun´s license to hunt, and buy a double barrel shotgun. That´s pretty much it.
Luis Nelson
it's ours, sorry
Nolan Cruz
I remember seeing some Vice article headline that said something like "Spain doesn't have a functioning government - and everything is just fine!"
It was unironic.
Alexander Green
Get out of the Eurozone!
Owen Barnes
Every fucking Euro country is broken.
European have lazy-Retard mentality where they expect Daddy government to take care of their all problems so thats why we like when other makes decision for us we are just lazy fucking Niggers. I wish I was in USA
Aaron Hughes
Anyone have good reading material on Spain's debt crisis? I've read a bit about Greece and Ireland. I am trying to work my way around it all.
All I really know about Spain's is that they have very high unemployment and they've spent a TON of welfare programs/bad fixes to unemployment
Nicholas Rivera
Banks are not the problem its the thinking that you can have the same money for way different healthy/strong economies The euro is just being synthetically kept alive by the ecb
Justin Young
Daily reminder that we take the debt in, but the money is sent by (((banks))) to Germany. So Inflation goes up in germany, unemployment down, and our debt up. This is how it works since 2008, you can check the numbers.
Michael Mitchell
You're fucked. Everyone in these overcrowded European countries is fucked. GTFO of the cities at least. >tfw live rural Queensland 150km from Cairns and can eaisly catch fish & crab every day. Own funz & canned food and other supplies.
Landon Walker
Sure feels like civil war is coming, lads.
Wyatt Baker
at this point, is there even a country left that does not have debt up the ass that it can never pay back?
Hunter Cox
>All I really know about Spain's is that they have very high unemployment and they've spent a TON of welfare programs/bad fixes to unemployment
There's a thing like NAIRU acronym for non-accelerating inflation rate of unemployment, and refers to a level of unemployment below which inflation rises so 20% unemployment is perfectly fine for spain.
Leo Jackson
>to take care of their all problems so thats why we like when other makes decision for us
What did he mean by this?
Liam Sanders
>Overcrowded What?
Joseph Gutierrez
True, Knowing Cataluna they'll want to BTFO out of Spain and the Spanish Govt. is not gonna let 'em
Connor Fisher
we need a military coup user
Nolan Long
SPEXIT?
Jayden Fisher
At least with low ECB loans and high inflation we can have MUH SCHWARZE NULL
Kek..
Carson Morgan
Remember, over 60% of our flags are buttmad mexispics LARPing. I'm 100% sure this is your typical sudaca shitting on papa Spain. Their hate for the eternal gallego is too strong.
Stay inferior.
Owen Baker
Fuck, its going to be Spain next. I was certain it would be Italy.
