In all of Creation it is Man Alone who Understands Liberty—Man is the Libertarian Animal

This Blog was established to further interest in the Libertarian Political Philosophy and the Five Testimonies of Free Quakers—Simplicity, Integrity, Community, Peace, and Equality—and to promote the practical ideals of freedom of conscience, self-determination, and personal responsibility that the Testimonies call to action. Find us on Facebook: Quaker Universalist and Unitarian Church, Inc.

Tuesday, November 8, 2011

The Italy Fuse Has Been Lit

The markets have noticed in no uncertain terms that Italy will not be able to repay its debt. Interest rates have soared for Italian debt, and they have a big bond balance coming due next year.

Greece was a sideshow... Italy was always the big dog in this fight.

1 comment:

tweellNovember 9, 2011 at 9:12 AM
And after that, Spain, Portugal and probably Ireland. I've seen rumors that Germany is printing up deutsche marks 'just in case' they decide to pull out of the EU.
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