Have you had enough horror the last few days? If not here we go again: http://www.zerohedge.com/news/2013-03-21/global-financial-pyramid-scheme-numbers It goes without saying that the every Ponzi Scheme comes to an end, The most dangerous times are short before the break-down.. It seems we are currently...
one could ROTFL. (TD till death ;() Really I posted that the central bank is not allowed to finance states. Well fact is the EZB has bought bond on the secondary markets. Well obviously for lawyers this makes a "big" difference. The economic result still was the EZB has financed especially...
Yes the EU safety chute should get fixed. This time with "much" more hefty punishments. If a country does not do this or that then the get very high fines. (Might be interesting trying to fetch that fine if the country is bankrupt, but I guess this is just a secondary thought.) Biggest sin...
One of the most famous quotations of Austrian economist Ludwig von Mises is that “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit...
Posted to
Hera
by
Ron Hera
on
Wed, Jun 2 2010
Filed under:
Filed under: US dollar, deflation, debt, inflation, GDP, M3, Hyperinflation, Ponzi scheme, unemployment, mortgage delinquencies and foreclosures, U-6