From Stacy on Max Keiser's site: ...it is American banking analysts and Bloomberg that first called them Piigs; but I might also add that the usage of the term Pork in the US is very well established and still used to this day to describe the act of feeding from the government trough . . . So, if you find the term so offensive, why don’t you focus on your own backyard and try to get the use of the phrase ‘pork’ banned in the US? Wiki on Pork Barrel
“Typically, “pork” involves funding for government programs whose economic or service benefits are concentrated in a particular area but whose costs are spread among all taxpayers.”
Sounds like it is a definition that could apply to a ECB bailout of Greece, which is perhaps why American banking analysts favor using the term, PIIGS?
The usage originated in American English.
And here is the cover art of the annual report from the Citizens Against Government Waste, they call their report, “The Pig Book”: http://www.cagw.org/reports/pig-book/2009/
Liberty's Dictator, our triune God, tells us His law word needs to be established in every area of life. Economics is one of those areas. The world economy today is doomed because it's two classes, the hosts and the parasites, are morally and religiously corrupt. Instead of being a participant of that fiat law order of economic private property destruction (sooner or later); recognize, learn, and establish the law that is regenerating (to name a few):
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