Monday, January 2, 2012

foreign owned ??? why care who owns the nations debt




if you're a prole cat and the nation's debt
 is in a currency controled
 by your own personal nation state

let the holders take care of the holders

example where the nation state is not in control of the currency mine :

lots of greek sovereign debt is foreign  held
can we imagine the " euro community " response if it was all domestically held ??

now imagine if it was held in euros but the greeks were still using the drachma