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of believing into lies? It seems our capacity to accept lies is nearly unbounded. The newest "gags". Greece has lied and has presented figures not even near the truth. Still they get payments of other "partner". Now they told our just...
The deledefs currently seem to rotate. Well this time I will not speak of the stupidity of americans to vote between two dead-bets, but the European masters of stupidity. Europe should guarantee the saving deposits of their people. I can reduce it to...
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...
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...
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...
or, why deledefs love Fiat-money and their money monopoly. Well as we have to realize that we have a debt problem world-wide. (USA > 15 trillions of debt, just remember in June or so they have raised the debt level vom 14 trillions), The EU somewhere...
Now you may be suprises leverage under different circumstances do have a different meaning. Meaning if used by politicians: "more fire power", hardly "more" risk, telling markets stories of drunkeness and cruelty sorry, sedation. It's...
especially in regard to the situation in Greece. Well my opinion about taxes it that they are theft in any case, It's not a deal you may make or may not do. You live in country X the "authorities" from country X will tax you. You have no...
Saving the delebets way does not mean cut one's expenses but highering ones income. Now this time it Italy. A higher tax for the rich, a higher tax on capital gains etc, but not mentioning cutting down the expenses FIRST. I guess that's what GDP...
will be a catastrophe. I don't know how many times we now have to read about "saving" Greek and the szenarios get more devastating with evey try. Just for the flat lie: "We must save Greece otherwise hell will break loose" There...
It seems I got that right in my last entry. Over the weekend they are facing for a "smaller" solution. And it hurts like nothing else what they've to give in Charade 2007 there was a debt of around 60% of the GDP now we are beyond 100 %...
in the EU and USA it's the ever expanding raise in laws against freedom and limiting liability. As you can read also here: http://mises.org/Community/blogs/tokyotom/default.aspx But know there is a new negative record in the making of the ESM (European...
I'm currently reading Bastiat the whole collection. I ordered it from Mises and it was again some eye-opener I got from them. To be honest I did not not of the austrian schoole since maybe 3 or so years ago. Despite the fact that I studied at least...
There are quite a few sites which do care about the careless money printing of the FED and the lending of government. Just a few actual links: http://blogs.law.harvard.edu/philg/2011/05/23/visualizing-the-debt-ceiling/ and even more frightening (at least...
Of Inflation up to 3.1 % in the US and 2.4% in EURo land Does not need much more to get over 4%. If that is reached you money will half it's value in just 18 years. And still the Fed is printing money as mad. So maybe 5% is not that far away. And...
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