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FORBES: No Way Out Of EU Crisis
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Anonymous Coward |
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Essentially, the markets right now are wondering: “Does France have enough money to pay what they’ve said they will pay?”. Disturbingly, the answer at the moment is, “well, we’re not sure”. If the answer ever becomes “no” then that’s it, game over.Yes, there is an answer to this. The ECB (like the Fed) could simply print the money and buy all the bonds. Sure, there would be inflation but so what? However, it would be illegal for the ECB to do that. (my note: This is NOT a solution as we know).
It isn’t really obvious that there is a way out of this. As Paul Krugman says, we shouldn’t be here, the system should never have been designed the way it was. But it was and we are and, well, it might just be that there really, really, isn’t a nice way to get out of this problem. [ link to www.forbes.com] Quoting: MARTIAL LAW Fact: Printing of new paper money has been stopped. By who, is not important. Greece should not pay its debt. It was frauduent debt, nothing differnt from the fraudulent credit card you carry or the fraudulent house mortgage loan you pay every month. That is why the banksters are happy to at least get back 50% of what Greece owe. The banksters have no more money. Do not let them get more money from tax payers through greece bailouts. The 1% elite days are numbered. The FIAT money days are numbered. It has been in the works of its fall for years.
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