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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 the tax payers. Oh yes they won't honestly higher...
Posted to
F Dominicus Blog
by
Friedrich Dominicus
on
Sun, Jun 10 2012
Filed under:
Filed under: corruption, Bailout, deledefs, saving banks, bribe money, "political solutions", road to hell, depletion, worthless money, banks, betrayal, deceiption, the trouble with debts, when comes the end, "experts", bad idea, big lies, bastard, voodo economy, wishful thinking, addiction, abhorrent, times are changing, beyond markets, bankrupt reloaded
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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 one question. I fyou are holding sight deposits...
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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 in history (even after wars) and they are "suprised"...
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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 is near record breaking for defaulting. Just read...
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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? Have they repaid their debt? What was the result...
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Hey Guys, Just wanted to tell you guys about a great new resource to educate people who don't know much about economics by just telling them to go to econtoons.com which goes to youtube playlist of many economics related cartoons to illustrate and educate on many fundamental concepts. Alex Merced
Posted to
AlexMerced
by
Alex Merced
on
Tue, Dec 21 2010
Filed under:
Filed under: Economics, Inflation, Government, Deflation, Education, Loans, Credit, Monetary, Economists, Banks, Policy
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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 you have leverage and leverage can work in...
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Government and Banks Complicit in Fraud By Monty Pelerin , posted April 22nd, 2010 http://www.economicnoise.com/2010/04/22/government-and-banks-complicit-in-fraud/ Just as the major banks report super earnings, Richard Koo issues his report on their condition. If banks were required to keep honest books...
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Political Fatal Conceit By Monty Pelerin , posted April 22nd, 2010 http://www.economicnoise.com/2010/04/22/political-fatal-conceit-2/ Economists and lawyers think differently. Economists believe incentives are more effective to alter behavior; lawyers believe that coercion via laws is the way to affect...
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Gaming the System By Monty Pelerin, posted April 16th, 2010 http://www.economicnoise.com/2010/04/16/gaming-the-system/ Folks, understand what is happening here to cover up the condition of the banks and the economy. I just spent several days with my cousin, an MD from rural Missouri. His tales amazed...
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By Monty Pelerin , posted March 6th, 2010 http://www.economicnoise.com/2010/03/06/can-we-have-another-banking-holiday/ Can We Have Another Banking Holiday? “But most commercial banking is “deposit banking” based on a gigantic scam: the idea, which most depositors believe, that their...
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Finally, someone in the Fed is arguing that the Fed should stop printing money like crazy to bail out managers, owners and counterparties of failed banks. In a speech on Friday, March 6, Thomas Hoenig , President of the Kansas City Fed, argued strongly that " Too Big has Failed ", and that...
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One of the selling points of Mr. Obama as leader of the ‘free’ world was that he was/is in touch with reality. By this, of course, it is meant that his struggles have been similar to ours so he shares our values, ideals, and sensibilities. Naturally we assume this about him because he did...
Posted to
Not-a-Lemming
by
FutbolGuru
on
Mon, Feb 9 2009
Filed under:
Filed under: Bail out, Bailout, socialism, banks, capitalism, feudalism, greed, bonuses, reality check, executives, masses
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In 1940 the Wehrmacht was the most successful army on Earth. Nazi Germany's insane leadership had hijacked their nation's professional military and sent them on a rampage across Europe. Prior to their failed invasion of Britain, which rested on the backs of the Luftwaffe, they had tasted only...
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Banking system has not always been like it is now. This is perhaps no surprise. However the fact that it seems now to be more sophisticated does not necessarily signifies progress. In fact it’s something else. What do we really know about banks? In the previous part there has been considered an initial...