<p> The highest court in Germany will start "thinking" about the lawsuits tomorrows. This were initiated a year ago before the first money was transferred. Just imagine you know a defrauder, he is caught and one year "nothing" happens. That's the situation of the "greece...
Ok now it's "nearly" done the great Country Pontzi Scheme goes on. The EU will decide (whith high likliness) that 110 MRD new credits will be given to Greece. Germany alone has to "bear" 28 MRD. Interstingly enough the first number has been 8 MRD now within 14 days we get an 350...
This time it really gets miserably. The EU is considereing bailing-out Greece. How great is that, the one-eyed should lead the blind Greece is a nepotism, the current "helpers" are on their way to nepotism. Nepotism leads to bancruptcy and so we all are heading towards it. Anything learned...
By Monty Pelerin , posted December 4th, 2009 http://www.economicnoise.com/2009/12/04/economic-summit-insult-to-the-intelligence-of-citizens-or-revelation-of-obamas/ Any Econ 101 student would flunk the course if he showed the aptitude of this Administration regarding basic economics. It is likely most...
By Monty Pelerin , posted December 3rd, 2009 http://www.economicnoise.com/2009/12/03/jimmy-stewart-wouldnt-run-these-banks/ Frank Capra’s George Bailey of Bailey Savings and Loan would surely not recognize our banking system or its accounting. However, Mr. Potter, George’s evil competitor...
Posted to
Monty Pelerin's World
by
Monty Pelerin
on
Thu, Dec 3 2009
Filed under:
Filed under: economy, politics, financial system, Government, economics, morality, ethics, insolvency, bankruptcy, credibility, integrity, failing
“By one measure, the government already plays an outsize role in our so-called free-market economy —and it has little to do with the recession. Economist Gary Shilling has calculated that 58 percent of the population is dependent on the government for “major parts of their income”...
I was looking over my posts the other day and said to myself, "Futbol Guru, you sure have become cynical." So I've been thinking about my attitude and trying to decide if I'm being fair or if I've gotten into a rut. Well it's always possible to focus on doom and gloom. My lovely...
AMC. American Motors Corporation. Does anybody remember that one? They actually made some pretty cool cars. The Javelin and AMX come to mind. Forward thinking for the time, the AMX was a two-seat sports car with a 401 C.I.D. engine. Fast, good-handling. It actually competed well with GTOs, Camaros, Mustangs...
Normal 0 false false false MicrosoftInternetExplorer4 There are two ways in which to better your lot in life. One is to build yourself up. The other is to bring others down. We have all experienced people that have chosen one approach or the other. We all know someone who is always blaming someone else...