thin again. if you have money on a bank in Zypern, you lost today 6.5 - 10.0 % to the state. It's used to "save" Zypern. So this time it's real. You property does not belong to you it is owned by your state. If the state needs it, it taked it away from you. Don't be stupid and believe...
let's do it again First debt cut for Greece 70 %. Gone. Changes none. Now a second debt cut (around30%) is in "making" (you just have to guess once whom to thank for that) I guess in the mean time every cent Greek spend may consist of > 40 ¢ new debts. But hey we must keep Greece in...
Well one might think some countries may learn from their own but also from other's countries faults. I guess I'm again very mistaken about it. As I wrote before it's obvious that the USA, Eurozone, Japan and China are racing to the bottom. One may ask why I include China the "big grower"...
Posted to
F Dominicus Blog
by
Friedrich Dominicus
on Thu, May 3 2012
Filed under: theft, USA, deldefs., Euro zone, Bolivia, Argentina, socialists at work, Venezuela, poverty fo all
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...
It's not secret that I'm strictly against central banks. Anyway here's a small calculation on the last moves of the ECB. They made 1 trillion Euros out of the blue. Now a trillion written is: 1 000 000 000 000. How can they do that? Oh it's simple they just say the money is there and...