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An excellent plan. Now if a larger country would take this path it might start something. But they all seem some combination of paralyzed and captured by financial interests. The financial industry really is the tool which has been used to bring about this state and the crisis as well. We should be concerned not to let this become a second Twenty Year Crisis, as that from 1919 to 1939. But a frightening number of parallels exist between that time and this.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed May 2nd, 2012 at 04:59:05 PM EST
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"We will crash your banking sector" seems to have worked as a threat on both Ireland and Portugal in 2010.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Carrie (migeru at eurotrib dot com) on Wed May 2nd, 2012 at 05:07:37 PM EST
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Finance is just diplomacy, (or war), by other means. A possible rejoinder could have been: "You are going to crash the entire world economy soon enough anyway."

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed May 2nd, 2012 at 10:55:45 PM EST
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