F Dominicus Blog

A politically incorrect blog about matters of money, government, bureaucracy, freedom and sometimes something else.

speculation the EU way

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 it is not possible. It's just "democratic" decisions to live out ouf any "economic" bound. Howerver bounds are not without a reason bounds. You sooner or later have to stay within their borders. Or you will be brought back by "reality". The deledes ability to ignore reality is just "miracolous". Or simply "stupid", feel free to choose. How can we get rid of this maniacs. Votes won't help and so there must a another way to protect "normal people" How about- - ending the central banks - ending the fractional reserve system - best abolish the central banks (no rendor of last resort no safety net for defrauders - prohibit states to issue bonds. You do not need any other means for it, and suddenly this kind of probems simply vanish. But of course it means less power fo deledes and that obviously a double no-no.


Hussain Fahmy said:

Debt rhymes with Death. There is an alternative economic system which works. Some of us are arrogannt to recognise it and put into practise. This system was sent down 1400 years ago and works well for all ages. Read all about in the Noble Quran. Those who followed this system strictly was unaffected by the current financial crisis.

# May 16, 2010 2:38 AM