Posted on 05/06/2012 8:30:13 PM PDT by bruinbirdman
-—voters demands for a new approach had finally become too great to ignore.——
“New”? As in tried and failed? And tried and failed? And...
——what has to happen to the whole world is massive inflation.....I don’t see how else the world’s debt gets paid....——
Or default, which is also painful. I prefer default, because it would eliminate future entitlement (enslavement) spending, rather than steal from the accumulated wealth of the productive.
Inflation won’t affect the sponging community.
-—It’s hard to think that so many probably fairly educated people can be so utterly clueless.——
It’s a case of wishful thinking or desire overruling the intellect, which is why moral-instruction is as, or more important than, intellectual formation.
I think Sarkozy was trying to cut government spending, and an electorate of socialists doesn’t want to hear that. Hollande promises to “tax the rich” at up to 75% so people don’t have to give up their “free” stuff.
dollar will get better for awhile because there is no other stable place to put it.
German bunds
bonds? Not if they are going to be used to funnel money the the EU that will never been seen.
The German government's federal bond. The bund is issued to the public as a way for the German government to finance its spending. Like a T-Bill.
Austerity breeds posterity!!!
True enough about the elite, but on the other hand, to be Godless is the epitome of being clueless. It seems most of the more average people are also Godless, and operate out of a combination of greed and stupidity.
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