Spain “discovers” 28 billion debt, Greece is becoming Schizoid and JP Morgan Chase is addicted to gambling

And while New Zealand wakes up to arguably one of the worst budgets in the last twenty years (Ruthanasia anyone) and even kids with a holiday job have to pay tax so the rich can continue getting richer while everybody gets poorer here is what is happening in the rest of the world.

In a spectacular show of financial ineptitude Spain has discovered and massive $ 28 Billion debt which for some reason had escaped their scrutiny. Greece is getting more and more confused with 80% wanting to stay in the Euro while 30% want to vote for Left wing anti Bail out Syriza.

And in what should come as no surprise to my readers is the conclusion that bankers in general but JP Morgan  Chase especially are addicted to Gambling the Derivatives trade.

This should worry anyone because the same JP Morgan Chase opened a wholesale window here in August 2007, a year before John Key was elected for the first time.

2 thoughts on “Spain “discovers” 28 billion debt, Greece is becoming Schizoid and JP Morgan Chase is addicted to gambling

  1. So for their first term they borrow ,borrow ,borrow then turn around after racking up billions in debt then say “we must be fiscally responsible ” WTF is with that shit ? The first term is a bribe to ensure they get a second term ? They are egotist after a fix !

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