Oh it was another wonderful day of surprises (well if one can still be surprised) A bank is in more than knee deep trouble. And surprise, the CEO of this bank has asked for a Bad Bank at the beginning of the year. Surprise, surprise, the politicians play a major role in that bank. And surprise an insolvent...
Well we learned the Greek do not want to pay their debt any more. Ah well it fits. Who cares about contracts? Who cares about saving in time? Who cares if the states sprawl epidemic? The socialists of all color are at work. We know that from the diverse books ob von Mises (in this case Bureaucracy )...
Well there are two things Actions of governments Action of central banks Well in this case I will link to a blog in German:http://www.rottmeyer.de/von-sparweltmeistern-und-anderen-erfolgsgeschichten/ The Irish government has started to support renters. And guess what the prices of renting do not have...
Money printing does not lead to inflation Oh yeah. And that from a country which has disappropriated all the private creditors and have ruined the middle class through high inflation. Am I impressed? You can bet.....
Maybe we see the end nearing. The debts worldwide were soaring the last 3 years and still there is not relief. It can not come as a surprise to the austrians, liberals or libertarians. What we have seen was and just is "credit expansion". The central banks manipulate everything and so we do...