well yes there are no good news. There are currently just bad and worse news. Now it's the spanish banks, another 100 billion. I wonder from where that money comes. And you know the answer. It comes from new debts and this debts have to be beard by...
Well the longer the crises lasts, the more obvious it gets. Our banking-system is a sham. It allows banks to generate money out of nothing and even worse it allows defraud on the banking customers. You don't believe me. Well then let me ask you just...
Greece finance minister warns, if the EU let Greece down. Guess what Greece alone has 330 billion of debt. and if they fail the end will come. Well hell one might think "Finally" All EU countries have debts beyond imagination and beyond anything...
English banks reduce their exposer to EU risks: http://www.telegraph.co.uk/finance/financialcrisis/8584442/UK-banks-abandon-eurozone-over-Greek-default-fears.html 1:100 that Merkel and Sarkozy will name them speculates. Or traitors or such Greeks history...
Really I'm wondering. Is it a requirement for being a Politician to fight markets as much as one possible can (and loose always in the long run?) Can anyone tell me what were the results of the first failout plans for banks? Are they in a better shape...
well you can call me arrogant but I think I found the biggest political mistakes (well I'd name them criminal offenses) which have lead to our current misery 1) fractional reserve system. I think there can be no discussion about it. if you have fractions...