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The real question is how long the German people are prepared to pay for the sins of their fathers and keep bailing people out
If Portugal goes, Spain is next in the sights and if Spain goes the Euro is dead.
Is this, in fact, the final crisis of capitalism? The internal conflicts of capitalis, finally breaking free of the controls of state and corporation and tearing it asunder?
I personally always believed that the oil crisis would tip capitalism over the edge... but maybe we are far closer. A lot of people dont realise how close we already have come to the collapse of the banking system. If RBS had not been able to open on Monday morning (which in the height of the second credit crisis was a real possibility) who would have been left standing?
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"Do not tell lies, and do not do what you hate,
for all things are plain in the sight of Heaven. For nothing
hidden will not become manifest, and nothing covered will remain
without being uncovered."
The Gospel of Thomas
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