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in anything you hear from any state. You can bet 99,99 % of it are lies. I give you but one example: The purchase of Greek bonds. In 2010 the German government asked the banks to buy Greece bonds. A year later they declared that half of the value of this...
Saving the delebets way does not mean cut one's expenses but highering ones income. Now this time it Italy. A higher tax for the rich, a higher tax on capital gains etc, but not mentioning cutting down the expenses FIRST. I guess that's what GDP...
It seems I got that right in my last entry. Over the weekend they are facing for a "smaller" solution. And it hurts like nothing else what they've to give in Charade 2007 there was a debt of around 60% of the GDP now we are beyond 100 %...
With an open end? Or are a fan of horror movies? Now I've found something for you: http://wallstreetpit.com/13428-total-us-savings-rate-lowest-in-recorded-history Do you feel the cold of death? Or do you fell hells heat? Well whatever it is pray that...
For year now the establishement tries to save themselves while taking every tax paying cititzen as hostage. I started my other blog some 3 or so years ago and added the Mises Blog last year. I just cite myself from my outer Mises Blog http://fdominicus...
There are at least two of them here in Euro land. Named Merkel and Sarkozy Why do I write that? Well they want to keep Greece floating with anohter staging 120 billion bill fo all the europeans. Well they did not tell us they will give this money out...
There are quite a few sites which do care about the careless money printing of the FED and the lending of government. Just a few actual links: http://blogs.law.harvard.edu/philg/2011/05/23/visualizing-the-debt-ceiling/ and even more frightening (at least...
Which will stop the deldedefs to ruin us completey. We have to take away the possiblities to mess up with money. So it all ends in, we need to have a stable money. We have to get rid of the central banks. The problems with the current state of affairs...
Well our German politicians claim that the speculants are the reason for the turmoils around the EUR. Now let us see whether they may be right or wrong. Let us assume the following situation interest rate at 10%, time-frame 1 year (to avoid compounded...