Archive

Posts Tagged ‘money’

Think about it


The budget


Environment vs. economy

February 27, 2013 Leave a comment

People vs. government

January 29, 2013 Leave a comment

Capitalism

January 24, 2013 1 comment

The paradox of our age

December 24, 2012 Leave a comment

Money > humanity

September 12, 2012 3 comments

 

EU’s Poorest Country Smacks Down Euro As Bulgaria Refuses To Join

September 4, 2012 2 comments

04 September 2012

‘If one needs a shining example of why the days of Europe’s artificial currency are numbered, look no further than the EU’s poorest country which moments ago said “Ne Mersi” to the Eurozone and the European currency. From the WSJ: “Bulgaria, the European Union’s poorest member state and a rare fiscal bright spot for the bloc, has indefinitely frozen long-held plans to adopt the single currency, marking the latest fiscally prudent country to cool its enthusiasm for the embattled currency.

Speaking in interviews in Sofia, Prime Minister Boyko Borisov and Finance Minister Simeon Djankov said that the decision to shelve plans to join the currency area, a longtime strategic aim of successive governments in the former communist state, came in response to deteriorating economic conditions and rising uncertainty over the prospects of the bloc, alongside a decisive shift of public opinion in Bulgaria, which is entering its third year of an austerity program. “The momentum has shifted in our thinking and among the public…

Right now, I don’t see any benefits of entering the euro zone, only costs,” Mr. Djankov said. “The public rightly wants to know who would we have to bailout when we join? It’s too risky for us and it’s also not certain what the rules are and what are they likely to be in one year or two.”’

Read more: EU’s Poorest Country Smacks Down Euro As Bulgaria Refuses To Join

This Is What Happens When You Allow Your Country To Become Enslaved To The Bankers


Tuesday, 21 August 2012

‘Why are Greece, Spain, Italy, Portugal and so many other countries experiencing depression-like conditions right now? It is because they have too much debt. Why do they have too much debt? It is because they allowed themselves to become enslaved to the bankers. Borrowing money from the bankers can allow a nation to have a higher standard of living in the short-term, but it always results in a lower standard of living in the long-term. Why is that?

It is because you always have to pay back more money than you borrowed. And when you get to the point of having a debt to GDP ratio in excess of 100%, you are basically drowning in debt. Huge amounts of money that could be going to providing essential services and stimulating your economy are now going to service your horrific debt. Today, citizens in Greece, Spain, Portugal and Italy are experiencing a standard of living far below what they should be because the bankers have trapped them in endless debt spirals.

Sadly, the vast majority of the people living in those countries have absolutely no idea what is at the root cause of their problems. The truth is that no sovereign nation on earth ever has to borrow a single penny from anyone.’

Read more: This Is What Happens When You Allow Your Country To Become Enslaved To The Bankers

Debt


Tuesday, 24 July 2012