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Now imagine in the EU. the safety chute chould be around 500 Mrd EUR . Now we hear from the IWF (with Mr Lagarde (France) at the top. And the French bank in peril. That the EU zone has to prepare a giant bailout for banks for just around 2 000 000 000 000 EUR. http://www.telegraph.co.uk/finance/financialcrisis...
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I know hardly anyone bothers and the least our public-payed TV institutions. And even less nearly any of our politicians (there are exceptions confirming the rule) You are breaking the laws you have established yourself. There is the no-bail-out clause for states. There is also the law that the EZB only...
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In this case to Mr Sakozy and Mrs Merkel Whatever you do do bring more harm upon us. You are not the owner of the Europeans. Currently at least on wishes you really bad things. You are working on sinking even more money, you are working on establishing more contract violations. Both of you are not minimize...
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especially in regard to the situation in Greece. Well my opinion about taxes it that they are theft in any case, It's not a deal you may make or may not do. You live in country X the "authorities" from country X will tax you. You have no choice but comply, otherwise you will be "convinced"...
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This is a very crude way to discuss. If you'd read Rothbard you will see he never talks about some fiat-currency but gold ounces and that even those earn their interest. That it's not so with current gold is simply because gold is calculated in whatever fiat-money you can think of. And you do...
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The same simple questions, I asked 3 or more years ago remain unanswered. How can even more cheap credit solve a problem which was caused by too much credit? Now 3 years later and 4 000 000 000 000 later, the question still remains unanswered? How could it ever get better with even more "debt"...
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Well it seems the lows were not low enough 1) The USA growth was cut by 2/3 from the "experts" 2) The help for Greece is not enough the "saving" goals will not be reached 3) Gold climbs again but the Germans sell their Gold attire (do they really think they will not miss some value...
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where neithe the sun warms nor the wind cools. It's one of thos days grey-in-grey my photo cells on the roof deliver energy just enough energy for one 40 W bulb. In best times I can get over 5000 W an hour which surely is enough for all our needs. Anyway not today. Now how provides my energy today...
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Well I know this may get boring. However the stock markets were temporarily high up the last few days. So be it. Just it does not change anything IMHO. We still have have the same problems as before and they are worsen every day, with every new bond. We have debts everywhere. Not even our money has some...
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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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A lot of money vanished yesterday. I guess we're talking about values at or around 2-10 trillions. How will that be changed if the EZB has bought bonds from Italy and Spain at or around 5-6 billion? Without doubt, we can say also. Nothing has changed really maybe just the majority starts "understanding"...
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I'm puzzling. Will the Delebets look at numbers and put of their rose-coloured glasses. Or will they burn a few extra trillions? Gold has reached again it's highest value. Yesterday. In all but one currency the CHF has outperformed any other currency on the market AFAIKT. Does that mean anything...
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with my yesterday entry. It is a catastrophe and it's the end of free countries in the EU. Everyone has to bear the costs of debt from each other and so the countries with the least debts are the biggest loosers. And the looters have won. Read Atlas shrugged and you can see the way....
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will be a catastrophe. I don't know how many times we now have to read about "saving" Greek and the szenarios get more devastating with evey try. Just for the flat lie: "We must save Greece otherwise hell will break loose" There is not other word for that than black-mailing. I...
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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"...