Category: Sovereign bankruptcy

Just WHO has a problem here?

5 February, 2015 (09:28) | Banking, Bankruptcy, Bonds, Capital markets, Euro, Eurozone, Global news, Greece, Grexit, Guarantees, Sovereign bankruptcy, Speculation, Syriza | No comments

By: David A. Smith [Interrupting Month in Review, December for some current and topical news – Ed.] Nick Fury: No matter who wins or loses, trouble always comes around… The Avengers, Age of Ultron Here comes trouble As Tony Stark’s creation Ultron said, just before he launched all-out war on humanity, “Everyone creates the thing […]

Financially hollowed out

7 January, 2013 (16:29) | Capital markets, Economics, Euro, Global news, Greece, Sovereign bankruptcy, Speculation |

By:David A. Smith   Frostbite and gangrene attack the extremities first, as the body sacrifices bits of itself to keep the core alive.  That affliction is slowing withering the economy, sovereignty, and society of Europe’s southern members – Greece and Spain in particular – as they continue to pursue the impossible, of staying in the […]

Eight desperate tries for when money disappears: Part 2, break your contracts

3 January, 2013 (10:00) | Capital markets, Eurozone, Global news, Insolvency, Money, Sovereign bankruptcy, Spain, Speculation |

[Continued from yesterday’s Part 1.]   By:David A. Smith   Yesterday’s post on the grim realities of Spain’s economy, using a New York  Times (December 17, 2012) article, organized the ways in which an insolvent entity that has run out of cash can try to avert complete collapse and presented the first three: stretch accounts […]

Eight desperate tries for when money disappears: Part 3, break your country

2 January, 2013 (16:06) | Capital markets, Eurozone, Global news, Insolvency, Money, Sovereign bankruptcy, Spain, Speculation |

[Continued from yesterday’s Part 2 and the preceding Part 1.]   By:David A. Smith   In the two days so far, using a New York  Times (December 17, 2012) article on Spain’s fiscal seizures, we’ve seen that  even going bankrupt is no relief from the intractable problem of having no cash, and no money economy.   […]

Eight desperate tries for when money disappears: Part 1, break your promises

2 January, 2013 (15:53) | Capital markets, Eurozone, Global news, Insolvency, Money, Sovereign bankruptcy, Spain, Speculation |

By:David A. Smith   In extreme starvation, a human body will in desperation consume itself, burning up muscle for food, a self-cannibalism that can happen to nations as well, as reported in this scary tale of economic collapse in the New York  Times (December 17, 2012):   Ana Maria Molina Cuevas, with her husband, who […]