|
|
![](templates/downsizer2009/images/menu_margin.png) |
Author |
|
Message | ![](templates/downsizer2009/images/menu_margin.png) |
|
Falstaff
Joined: 27 May 2009 Posts: 1014
|
|
|
|
![](templates/downsizer2009/images/spacer.gif) |
john of wessex
Joined: 18 Jun 2007 Posts: 2130
|
|
|
|
![](templates/downsizer2009/images/spacer.gif) |
dpack
Joined: 02 Jul 2005 Posts: 46052 Location: yes
|
|
|
|
![](templates/downsizer2009/images/spacer.gif) |
Falstaff
Joined: 27 May 2009 Posts: 1014
|
Posted: Fri Jun 19, 15 8:00 pm Post subject: |
|
".......Far from tackling the debt bubble, we have compounded it with a capital market bubble. One investor put this very well, saying that, whilst he now understood the concept of QE, he no longer understood the concept of money.
Put very briefly, we have debased the monetary system in order to cope with the debt problem.
To complete the analogy with Greece, almost everyone – apart, seemingly, from the decision-makers – know where this has to end. They also know that, when it does, it will crystallise huge losses of value.........."
It is the monetary system and it's fraudulent basis which is the real problem.
The banks lend money which does not exist - then insist on being repaid ".. with interest.."
This was well recognised by a few prior to the Banking fraud crisis and yet working on the "too big to fail" premise all countries Govts Tried to "bale out the banks.."
https://www.amazon.co.uk/Conquer-Crash-Survive-Deflationary-Depression/dp/047056797X
There will be some debate as to whether the problems we have encountered are the result of some global conspiracy, or just a natural consequence of the "Nature of money "
https://www.amazon.co.uk/Grip-Death-Slavery-Destructive-Economics/dp/1897766408/ref=sr_1_1?s=books&ie=UTF8&qid=1434743558&sr=1-1&keywords=grip+of+death
The fact remains that Greece cannot pay it's debts and "the Russians" (shades of teh "Cold war" ?) are in the wings waiting to intervene ?
My own hope is that Greece tries to "go it alone" and experiments with the scenario postulated in Rowbotham's book - wherein the Govt replaces the Banks as the the Credit source !
Since they have good wine, good food and good sun, they are pretty well placed to attract foreign currency on a regular basis and if the tell those they owe "money" to to "Take a jump.." It will be an interesting experiment to observe.
However I doubt that will occur and expect they will try in one way or another to fudge along on money borrowed from others.
Time will tell
![](images/smiles/icon_confused.gif) |
|
|
|
![](templates/downsizer2009/images/spacer.gif) |
|
Archive
Powered by php-BB © 2001, 2005 php-BB Group Style by marsjupiter.com, released under GNU (GNU/GPL) license.
|