the disaster can be subsumed under one small sentence. The problems are there because of the monopolies of states. In this case the monopoly of currencies. The FED , ECB etc, do just get their position because the state sanctioned it. It's very easy. Just the Dollar or Euro are the lawfu payment...
Posted to
F Dominicus Blog
by
Friedrich Dominicus
on
Thu, May 31 2012
Filed under:
Filed under: central banks, bribe money, wothless money?, unsustainability, dictatorship, unjustice, broken, devaluating money, against the markets, big government, unsound money, end central banks, money monopoly, alternatives, unlawful
Not all debts are born equal. And even those being born equal may change over time. You can bet it's another round about Greece. So yes Greece has emitted bonds. (so for so bad). Now it's getting a bit crazy. During 2010 these bonds were accepted as security for other debts (so far so bad), but...