Money should always be separated from politics. Germany learned this lesson the hard way, and the Allies wanted to make sure for everyone’s sake that history didn’t repeat.
Greece remains in debtor’s prison. That horrible fate was confirmed this past week with the ‘group-sentencing’ handed down by Brussels’ eurocrats, Merkel, Sarkozy, the ECB and IMF, and most shameful of all, the Greek politicians who accepted the brazen ultimatum delivered to them.
June 14, 2011 – The solvency of the European Central Bank is being called into question by some brilliant in-depth research from OpenEurope.org.uk. This independent think tank believes “the EU must now embrace radical reform based on economic liberalisation, a looser and more flexible structure, and greater transparency and accountability” in order for the “EU’sRead more
June 3, 2010 – Icelanders voted in a referendum to address their debt problem. Germans have a problem too, but they are voting with their pocketbook. They are dumping the euro and buying physical gold, the demand for which is soaring in Germany. The problem Germans face is a broken promise. Despite all the rhetoricRead more
BTC wins this battle: 1) nat’l #currency erodes #purchasingpower b/c 4% #interest income is far below #inflation ra… https://t.co/6WaxKK0CZX21 hours ago
Key admission by #Powell: #centralbanks = pain. They create #inflationary boom followed by inevitable painful bust.… https://t.co/bHd617dRI65 days ago