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That even deledefs have to serve their contracts. In some german blogs it is mentioned that the "haircut" discussions for Greece are stopped. There seems to be some Hedge Funds (what a luck that they exist) which will not agree to the voluntary debt cut. And they may have a chance to succeed...
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in anything you hear from any state. You can bet 99,99 % of it are lies. I give you but one example: The purchase of Greek bonds. In 2010 the German government asked the banks to buy Greece bonds. A year later they declared that half of the value of this bonds are "gone". And it's of course...
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Saving the delebets way does not mean cut one's expenses but highering ones income. Now this time it Italy. A higher tax for the rich, a higher tax on capital gains etc, but not mentioning cutting down the expenses FIRST. I guess that's what GDP related debt mens. All you property belong to use...
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It seems I got that right in my last entry. Over the weekend they are facing for a "smaller" solution. And it hurts like nothing else what they've to give in Charade 2007 there was a debt of around 60% of the GDP now we are beyond 100 % and what's the "solution". Raise the...
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With an open end? Or are a fan of horror movies? Now I've found something for you: http://wallstreetpit.com/13428-total-us-savings-rate-lowest-in-recorded-history Do you feel the cold of death? Or do you fell hells heat? Well whatever it is pray that this chart changes soon. Or if you are against...
Posted to
F Dominicus Blog
by
Friedrich Dominicus
on
Thu, Jul 7 2011
Filed under:
Filed under: debt, lies, greece, deledefs, US, governement, printing money, Bubble, default, recovery?
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<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...
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The Greek Parliament has agreed and will get another few billions. Has this changed the fundamental problem? Well let us assume the Greeks really will be able to sell of a few "assets". How often are you able to do that? Exactly one time. Now if still the income is not sufficient without this...
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For year now the establishement tries to save themselves while taking every tax paying cititzen as hostage. I started my other blog some 3 or so years ago and added the Mises Blog last year. I just cite myself from my outer Mises Blog http://fdominicus.blogspot.com/2008/09/its-not-plan-at-all.html or...
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There are at least two of them here in Euro land. Named Merkel and Sarkozy Why do I write that? Well they want to keep Greece floating with anohter staging 120 billion bill fo all the europeans. Well they did not tell us they will give this money out at once, but in the end we'll have given the Greek...
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There are quite a few sites which do care about the careless money printing of the FED and the lending of government. Just a few actual links: http://blogs.law.harvard.edu/philg/2011/05/23/visualizing-the-debt-ceiling/ and even more frightening (at least to me): http://www.usdebtclock.org/ I mentioned...
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Investors understand that the Federal Reserve’s ongoing purchase of U.S. Treasuries in the open market, known as quantitative easing two (QE2), injects newly created money into the U.S. financial system and economy, but the actual means by which newly created money monetizes U.S. government debt...
Posted to
Hera
by
Ron Hera
on
Mon, Feb 21 2011
Filed under:
Filed under: Federal reserve, deflation, debt, inflation, USDX, M3, Hyperinflation, Bailouts, QE2, U.S. Treasuries, QE, S&P500, M1, economic collapse, M2, money supply, Primary Dealers, Ben Bernanks, U.S. federal budget deficit, Nasdaq, Dow Jones Industrial Average
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The productive elements of the US economy are caught between powerful financial interests, e.g., banks seeking speculative gains, political constituencies seeking entitlements and government entities at all levels whose budgets and deficits are too large compared to their revenues. All three factions...
Posted to
Hera
by
Ron Hera
on
Mon, Jul 19 2010
Filed under:
Filed under: Federal reserve, debt, GDP, Asia, Asian Tigers, China, central bank, Federal Budget, unemployment, Deindustrialization, Bailouts, Capitalism, Corporatism, Trade Deficit, Socialism, Totalitarianism, Offshoring, Outsourcing, Service Economy
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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
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Which will stop the deldedefs to ruin us completey. We have to take away the possiblities to mess up with money. So it all ends in, we need to have a stable money. We have to get rid of the central banks. The problems with the current state of affairs just show it over and over and over and over again...
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Well our German politicians claim that the speculants are the reason for the turmoils around the EUR. Now let us see whether they may be right or wrong. Let us assume the following situation interest rate at 10%, time-frame 1 year (to avoid compounded interest) Now let us assume the probability on not...