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Well I'd like to write. "With ESFS III" we are now on our way to correct things. Unfortunatly one can not write anything about that. It's not that we started making less debt, au contraire. It is tried again to fix something caused by debts to cure with more debts The voluntary "cut"...
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I looked through my outer Mises Blog and found this: Spare the money now, spend it later The Failout plan can not expected to work with an acceptable certainty. In fact I’d bet 1:10 it’ll fail. But if you throw out the money now , you have nothing else if this failout plan fails. It’s high time to prepare...
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Well it's difficult these times to get some non mainstream reports on Greece. It's impossible to find much critique in any german newspaper or magazine. But there are few side remarks borrowed at the end of some articles sometimes, and one can get a little bit more infromaton on the Neue Züricher...
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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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Ok the debt ceiling was risen and surprise surprise Obama want a new program of around 300 billions to "stimulate" the economy. http://mises.org/Community/blogs/fdominicus/archive/2011/08/01/what-a-suprise.aspx The Addicted get another round of their stuff, and they are using it. This time...
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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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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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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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The US has entered a way which can not work. It's not the deficit it's the spending stupid. 60 years of overspending and undersaving, show clearly in every corner of any legistlation,. The money never is enough because the needs of men are in principle without bounds. One of the worst examples...
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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"...
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but well I guess who who think they will "shutdown" will be disapoointed. They will raise the limit and may it be a few just a few days in August. They will swear the wildest oats that "this time everything is different" and they will "save money". Guess what the charade...
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Someone has pointed me to: https://www.nytimes.com/2011/07/08/opinion/08tribe.html My question is. Why should I trust elites to keep care of Europe? The politicians have made us all the hell on earth with literally hundreds of thousands laws, nobody can no. The laws are not made to "save" us...
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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?