Saturday, May 20, 2023
Wednesday, March 31, 2021
Thursday, September 20, 2007
I've got a twenty in my wallet
Has anyone tried to sell the White House on eBay?BRUSSELS, Belgium (AP) - Hidden among the porcelain fox hounds and Burberry tablecloths on sale at eBay.be this week was an unusual item: "For Sale: Belgium, a Kingdom in three parts ... free premium: the king and his court (costs not included)."
The odd ad was posted by one disgruntled Belgian in protest at his country's political crisis which reached a 100-day landmark Tuesday with no end in sight to the squabbling between Flemish and Walloon politicians.
"I wanted to attract attention," said Gerrit Six, the teacher and former journalist who posted the ad. "You almost have to throw rock through a window to get attention for Belgium."
Six placed the advertisement on Saturday, offering free delivery, but pointing out that the country was coming secondhand and that potential buyers would have to take on over $300 billion (euro220 billion) in national debt.
Like many of Belgium's 10 million citizens, Six is exasperated that the power struggle between the county's French- or Dutch-speaking political parties has left Belgium in political limbo since June 10 elections.
Demands for more autonomy from the Dutch-speaking Flemish are resisted by the French-speaking Walloons, making it impossible to form a government coalition and triggering concern the kingdom is on the verge of a breakup.
Six decided to vent his frustration through the Internet ad.
Never mind, I forgot that it's already sold itself several times over.
Wednesday, June 13, 2007
Vulture funding
Vulture funds were set up by our government at around 2000 to assume the debt of poorer countries. They’re called vulture funds because they basically circle a corporation or nation on the ropes. Some time ago, some rapacious pieces of shit like Michael Sheehan and Paul Singer (more on them later) hit upon the ingenious idea to spend a few million buying up their debt then immediately calling in the note and asking for the full debt. So instead of the nation being allowed to pay back a fraction of their debt, they’re instead hauled into court and forced to pay the full amount (in Zambia’s case, $55,000,000) plus interest.More hearts and minds! With dollar bills!
In one case, Paul Singer, owner of both George W. Bush and Rudy Giuliani, earned $127,000,000 on a ten million dollar investment.
That’s right: Various people are using the government’s program for debt relief for the poorest nations on earth and are taking these same impoverished countries to court under threat of bankruptcy for no other reason than personal greed.