speculation the EU way

Friedrich Dominicus — Thu, 13 May 2010 07:43:00 GMT

Well as written before the politician (sorry deledes) do blame he speculant. Well I wonder what this guys have done to envforce the EU and US to pile up debt as high as roughly around 25 000 000 000 000 US-$. How did they do it? I really want to know. I'd add a few extra trillions. Well no I guess it is not possible. It's just "democratic" decisions to live out ouf any "economic" bound. Howerver bounds are not without a reason bounds. You sooner or later have to stay within their borders. Or you will be brought back by "reality". The deledes ability to ignore reality is just "miracolous". Or simply "stupid", feel free to choose. How can we get rid of this maniacs. Votes won't help and so there must a another way to protect "normal people" How about- - ending the central banks - ending the fractional reserve system - best abolish the central banks (no rendor of last resort no safety net for defrauders - prohibit states to issue bonds. You do not need any other means for it, and suddenly this kind of probems simply vanish. But of course it means less power fo deledes and that obviously a double no-no.

F Dominicus Blog : fiat-money, 25 trillion reasons against politicians, Debts

speculation the EU way