Now it's Portugal. http://citywire.co.uk/new-model-adviser/thursday-papers-portugal-appeals-for-eu-bail-out-money-and-other-news/a485095 The failout plans have not worked, do not work and never will work. It's not a problem of too less money and credit but too much of them both. One just hase...
Yes the EU safety chute should get fixed. This time with "much" more hefty punishments. If a country does not do this or that then the get very high fines. (Might be interesting trying to fetch that fine if the country is bankrupt, but I guess this is just a secondary thought.) Biggest sin...
Well if anyone thinks quality easing is anything but unsound, then I'm afraid you are beyond help. QE means nothing more than flooding the world with more and more less valuable money. One can not see anything in it but preparing the next big bubble. If this bubble explodes, then one will see the...
I just will first start with 2 numbers 3 800 000 000 000 1 300 000 000 000 Now let's see how this numbers are "related." Let's see 1 300 000 000 000 / 3 800 000 000 000 = 0.34211 or in per cent 34.211 %. So what? Well the US budget consists of 34.21% new debts. Let me break it down...
Posted to
F Dominicus Blog
by
Friedrich Dominicus
on Thu, Feb 17 2011
Filed under: stealing, interest, unsustainability, Obama biggest lender, USA in peril, the end, paying debts with new debts?
Paulson ... do some bells begin to ring if you hear that name? Glad you're with me. Yes it the Paulson which demanded 700 billion Dollar. Now sit down, we European can be nearly as good. The illegal safety chute (illegal in the sense, how I understand the no-bailout clause), was first just 250 000...