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The same simple questions, I asked 3 or more years ago remain unanswered. How can even more cheap credit solve a problem which was caused by too much credit? Now 3 years later and 4 000 000 000 000 later, the question still remains unanswered? How could it ever get better with even more "debt"...
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Finally and it serves the US right, Especially Mr Yes-we-can president Obama. The USA have lost their highest credit-ranking. It would have been better they would have been downgraded some 3 years ago. But better late than never. 14 Trillion (extended to 16 trillions (official debts) is way beyond any...
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but well I guess who who think they will "shutdown" will be disapoointed. They will raise the limit and may it be a few just a few days in August. They will swear the wildest oats that "this time everything is different" and they will "save money". Guess what the charade...
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There's a saying in Germany "Gut Ding will Weile haben" it seems the english counterpart is "haste makes waste" At least a few probably have risen their head to see the light. They now tell us: "There's no Euro crisis" (which is true because) "we have a debt...
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Today. One of my sites I visit regularly is: http://www.memeorandum.com/ Today I found this two entries: http://danieljmitchell.wordpress.com/2011/04/30/obamas-medicare-appointee-has-accidental-encounter-with-reality-learns-nothing/ and http://www.nationalreview.com/articles/266028/discredited-mark-steyn...
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I'm puzzling, Why is it good news that the US shutdown did not take place? They still have an insane budget deficit and the only thing they've agreed upon is written on some sheet of paper. We're still talking about a deficit at or around 1 trillions. I calculated once how much this will...
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Well I hardly could believe that: http://www.spiegel.de/flash/flash-25145.html It's about the not covered expenses in the different states. Now I was thinkin California was "bad". Well it is but there are worse states. Nevada has a deficit of 45.x % that means for every dollar they spend...
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Well you know what I think about debts. It's the "evil", and piling up debt after debt is a sure way to loose really big. It seems in the USA two countries are hard struggling to be the biggest loosers. California http://endoftheamericandream.com/archives/california-bankrupt and Illionois...
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I wonder when will we be relieved? Will we ever see the day where debts will not be glorfied? Will we ever come back to serious earning money by providing goods and services, or will we also get hindered by bureaucrats? This time Portugal has successfully raised new debts. Is this a success? Well I ask...
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debts again. This time it's not in the US (they are just facing bankruptcy, but don't worry. they will raise the allowance to make even more debts) but the EU This time it's again about the PIGS states. Ireland has taken somewhere around 70 billions, now we have to see what Portugal will...
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nobody can beat the USA. The unbelievable sum is somewhere around 14 000 000 000 000 (14 trillions) the new debt every day is a around 4 000 000 000. That are new debt of around 1 200 000 000 000. And yet it's not "enough", As we learned Geither wants the "right" to make even...
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Won't you agree, that politicians have a strange kind of understanding about what people can and can't do? In Germany we learned after a referendum about changes in the way schooling has to run. There are a few interesting twarts in Germany. - home schooling is a a no-no (well one family has...
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Well that's what the german deledefs seem to prefer. As some of you might have heard a german "frollein" has won the European song contest. Now the polticians declare her a "great" german figurehead. But you know, if you get instrumented from Politicians.... The other things which...
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I'm back. But well what has changed really. Nothing which could be considered an improvement. The raid is on it's way. Laws written just 10 years ago broken be deledefs. And so on. Money still is fiat-money and they try to drown the EU and US with even more cheap money. The FDP has given up any...
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Well as written before the politician (sorry deledes) do blame he speculant. Well I wonder what this guys have done to envforce the EU and US to pile up debt as high as roughly around 25 000 000 000 000 US-$. How did they do it? I really want to know. I'd add a few extra trillions. Well no I guess...