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May 21, 2013
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EU Moves to Shore Up Bailout FundPosted on Mar 25, 2011
European Union financial officials meeting in Brussels have agreed on the setting up of a permanent bailout fund, even as Portugal reportedly teeters on the precipice of financial collapse. —JCL
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By frecklefever, March 26, 2011 at 1:14 pm Link to this comment
ECONOMICS BASED ON ANARCHY IS THE LESSON….BUT THE SOLUTION IS
Report thisMORE OF THE SAME…SAY THE MILTON FRIEDMAN CUCKOOS…
By Napolean DoneHisPart, March 26, 2011 at 10:53 am Link to this comment
Q: What prompted the rise of Napoleon in France so long ago?
A: The printing of a fiat currency, whose currency was backed by something of nominal value, by the ‘king’ of France himself to decorate and elaborate his property, the Louvre.
When the inflation hit the street, the people couldn’t buy enough to eat.
Patterns… history if full of them, for man’s corruptible heart has NOT changed one bit.
Now let’s see the schills and obfuscatory elements come out with their many TD accounts and argue this reality.
Report thisBy PatrickHenry, March 26, 2011 at 10:39 am Link to this comment
I hope they looked closely at Iceland and its refusal to bailout private banks, they are doing fine.
Report thisBy TDoff, March 25, 2011 at 3:14 pm Link to this comment
Here in the US, we assumed a criminal amnesty for the thieves and scamsters and fraudsters who created the debt crisis, but no amnesty for their victims, the debtors. Let’s hope the EU is wiser than that.
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