Quote:
Originally Posted by mobertol
I think the problem is not the paying back of the debts -no-one knows who they are as there are specialists/speculators who buy up debts - it's the paying off of the interest which is the hard part! The debt never actually gets reduced at all.
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Just taken a qoute from that and thanks Mobertol
I know the speculators pick and choose certain currencies to move on but on the sheer amounts of money involved these "speculators" cannot be individuals, they must be massive financial institutions and to me that means they are banks or backed by banks... so we come full circle.. how can the banks speculate or lend billions to governments and then need to be bailed out?