"...the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems."
I can't seem to locate my GFCD dictionary at the present, but I believe that's Global Fascist-Corporatist Dumbfuck for, "the same private sovereigns are still in debt, but now tax parasites are skimming a living off of the debt pile."
Tax parasites shouldn't claim sovereignty--it's offensive, especially considering they're about as necessary as a turd doilie, and bleeding the host only makes it weaker and slower to recover.
2 comments:
The article is from Nov. 2009...FYI.
"...the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems."
I can't seem to locate my GFCD dictionary at the present, but I believe that's Global Fascist-Corporatist Dumbfuck for, "the same private sovereigns are still in debt, but now tax parasites are skimming a living off of the debt pile."
Tax parasites shouldn't claim sovereignty--it's offensive, especially considering they're about as necessary as a turd doilie, and bleeding the host only makes it weaker and slower to recover.
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