Dear Italian, European and American friends,
Let's buy ourself debt! Why should we stay idle while our "enemies", our "competitors" (China, Arabia..) are buying our debt and our countries?!
Last week a man in Italy bought a full page on the top italian newspaper asking to the people to buy the italian bond to stop the debt crisis and the speculation around it.
The italian debt structure, 1,900 billion of euro, has an average maturity of 7-8 years. Every year 260 billion of euro arrive to maturity, that means that if every italian would buy 4,500 euro of debt every year this will entirely cover our financial needs!
I have re-done the computation, well in Italy we have 22 million of families, that means 12,000 euro of bond each to cover the financial needs.
I am sure that not all the italian families have 12,000 euro to invest, but I am even sure that some families can invest more and some less, and we are not counting banks, institutions and companies.
I decided on myself to buy some bonds this week.
So, let's be patriotic.
Let's buy our debt!
We have contributed to debt growing every time we:
- didn't pay all the taxes
- worked out of the law
- didn't work in the right way
- didn't go to work because "sick"
- took advantage of the public healthcare system even if we didn't need it
- didn't pay the ticket on the buses
- voted the wrong politicians
- didn't manage our garbage
- ...
Let's buy our debt, don't undersell your country!
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