http://mises.org/community/blogs/fdominicus/archive/tags/_2600_quot_3B00_helping_2600_quot_3B00_+Greece_2E00_/default.aspxTags: &quot;helping&quot; Greece.enCommunityServer 2008.5 SP2 (Build: 40407.4157)http://mises.org/community/blogs/fdominicus/archive/2012/05/30/let-39-s-check.aspxWed, 30 May 2012 08:23:00 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:472132Friedrich Dominicus0http://mises.org/community/blogs/fdominicus/rsscomments.aspx?PostID=472132http://mises.org/community/blogs/fdominicus/commentapi.aspx?PostID=472132http://mises.org/community/blogs/fdominicus/archive/2012/05/30/let-39-s-check.aspx#commentshow is our race to the bottom doing? <ul> <li> Greece is on it&#39;s way to yet another default. </li> <li>If my calculations are right (see: http://fdominicus.blogspot.de/2012/05/ist-blodheit-ansteckend.html) then Spain has to get new debt of 33 ¢ for every Euro they spend. New debts (officiall numbers) around 34 billions. Now they have to offer 6.5 % for new money. How &quot;unfair&quot;</li> <li>Extra implicit debt of the USA 200 trillions. That seems to get a tough one</li> </ul> <p> In short the race is almost run. Currently leading Greece, Spain, Italy. But the followers are not that far of. And what do we get from our politicians? &quot;Everything&#39;s under contro&quot; and yet (strange enough) the new suggestions for &quot;solving&quot; the problems are following in a minutes distance. Could it be that &quot;panic&quot; time is starting? All the suggestions just complete the mess. More power, more debt and more regulation. That&#39;s all there is, be it in Euro Land. USA or China. Just see some newspapers or probably better blogs.... </p><div style="clear:both;"></div><img src="http://mises.org/community/aggbug.aspx?PostID=472132" width="1" height="1">allmightynessliability&quot;political solutions&quot;liarwishful thinkingback to the dark agesdon&#39;t believealternatives&quot;helping&quot; Greece.&quot;great nation&quot;race to the bottomdoes it get betterhttp://mises.org/community/blogs/fdominicus/archive/2012/03/12/saying-and-doing.aspxMon, 12 Mar 2012 05:34:00 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:460627Friedrich Dominicus0http://mises.org/community/blogs/fdominicus/rsscomments.aspx?PostID=460627http://mises.org/community/blogs/fdominicus/commentapi.aspx?PostID=460627http://mises.org/community/blogs/fdominicus/archive/2012/03/12/saying-and-doing.aspx#commentsA nice story from our political establishment here in Germany. <p> Mr Eichel (ex finance minister) has said he would invest in bonds of Greece as the &quot;show&quot; started. Now we learn (he was just joking or simply lying). He wanted to buy for the enormous amount of 1000 € (well now tell me about investing) but unfortunately one had has to buy for at least 5000 € . Well one can call it bad luck I guess </p> <p> His excuse of not buying now any more is even more &quot;fantastic&quot;. He can not buy bonds with a yield of above 20 % that would be to speculate. </p> <div style="clear:both;"></div><img src="http://mises.org/community/aggbug.aspx?PostID=460627" width="1" height="1">defrauddeledefslies.&quot;helping&quot; Greece.