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http://www.zerohedge.com/news/2013-03-28/take-everything-you-know-and-burn-it-recantation-six-simple-lessons and http://www.zerohedge.com/news/2013-03-28/guest-post-cyprus-deal-and-unraveling-fractional-reserve-banking This blog has warned over and over again. All the blogs on Mises have warned. But...
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I guess this will be another big sham and lie of government. See how our rights go down the drain. You can look wherever you like Be it EC, or USA or South Amerika (Argentinia, Columbia, Bolivia) This time it's nearly the same as around 1789. The leaders fight against their people. And most of the...
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It's now clear, we're in. The solution in Cypress with dis-appropriation is honored with a jump of 1.5 % in the DAX. That means that people now either cheer the possibility to get stolen, or they want to get out of the cash. Because you can not dis-appropriate someone holding "things"...
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I cite from myself "This leads to my last prediction. We will hear more often the Phrase (it's as all just a word we have for that in German "alternativlos" (you can roughly translate it as "we have no choice", unparalleled, the one and only choice) . If it comes to more...
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Well if you want to learn how to get rid of all trust, watch Zypress I have read that the bank run should not take place. I guess this could be the most stupid sentence of this year. If you would have a bank account in Zypria, what would you do now if you see 10% of your property is gone? Would you believe...
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thin again. if you have money on a bank in Zypern, you lost today 6.5 - 10.0 % to the state. It's used to "save" Zypern. So this time it's real. You property does not belong to you it is owned by your state. If the state needs it, it taked it away from you. Don't be stupid and believe...
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let's do it again First debt cut for Greece 70 %. Gone. Changes none. Now a second debt cut (around30%) is in "making" (you just have to guess once whom to thank for that) I guess in the mean time every cent Greek spend may consist of > 40 ¢ new debts. But hey we must keep Greece in...
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Well one might think some countries may learn from their own but also from other's countries faults. I guess I'm again very mistaken about it. As I wrote before it's obvious that the USA, Eurozone, Japan and China are racing to the bottom. One may ask why I include China the "big grower"...
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Maybe we see the end nearing. The debts worldwide were soaring the last 3 years and still there is not relief. It can not come as a surprise to the austrians, liberals or libertarians. What we have seen was and just is "credit expansion". The central banks manipulate everything and so we do...
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It's not secret that I'm strictly against central banks. Anyway here's a small calculation on the last moves of the ECB. They made 1 trillion Euros out of the blue. Now a trillion written is: 1 000 000 000 000. How can they do that? Oh it's simple they just say the money is there and...
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Well it has come as I expected more than once. Now the next German Solar supplier will probably go bankrupt. And what did I post yesterday? Which itself was quire some "old" stuff? And burning money what did I calculated there. It's depressing to see your money (yes I'm one of those...
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http://fdominicus.blogspot.com/2008/10/they-raided-successfully.html Has anything changed or was I right on the point? In fact the debt have risen more then 6 trillions. In just 3 years. And still the same bandits are riding and driving more and more into poverty. Is that what you US-citizens really...
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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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the deledefs have put us into: Introduce sound money. That means "End the Fed", bind the currency to something of value Forbid debt for financing governments If one thinks the state is needed. Introduce one flat tax for financing it. Stop the subsidies for the diverse parties and look for de...
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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...