Questions Answered “Why is everything this way? Who caused it? What are the solutions? Coming soon ..”
Barack Hussein Obama “I think when you spread the wealth around, its good for everybody.”
“This was all inflation dependent financing. If the Federal Reserve and the rest of the world continued to inflate, cheap money would have bailed these projects out. With the Fed halting money printing, there are not enough dollars to support this debt structure.”
The Greeks are in a real pickle, but it is one they [...]
Many marchers carried banners that said, “Working people should not be made to pay for the crisis that we did not create.”
Their government, the banks and the people are to blame, but it seems that the people are getting all of the flak.
The government: They are choosing to borrow from the big banks who will [...]
Greece’s national strike has turned violent with demonstrators running pitched battles with the police in central Athens.
In the context of the developing story of Greece’s pending debt default, we should be reminded of what German Chancellor Angela Merkel stated recently in respect to the Greek financial situation – and others in the EU who are [...]
“In early November — three months before Athens became the epicenter of global financial anxiety — a team from Goldman Sachs arrived in the ancient city with a very modern proposition for a government struggling to pay its bills.” — LOUISE STORY, LANDON THOMAS Jr. and NELSON D. SCHWARTZ
The Greek problem is a [...]
George Papandreou, the Greek premier, said in Davos that his country had been singled out as the weak link in a “attack on the eurozone” by speculators and political foes. “We are being targeted, particularly by those with an ulterior motive.”
Funds flee Greece as Germany warns of “fatal” eurozone crisis
By Ambrose Evans-Pritchard Telegraph UK
Germany [...]
The United Nations says that nearly 212 million people were unemployed in 2009. That is 6.6 per cent of the global workforce. According to a new report the situation in Europe will get worse before the trend improves.
The analysis by the United Nations and the ILO are timely, but it would be nice to get [...]
“The really big risk factors, be it in Iceland or the UK, the US or Ukraine, can no longer be easily factored into a spreadsheet.”
The Financial Times is reporting …
“In recent months, some of the brightest minds at Moody’s rating agency have been mulling a fascinating question: should they introduce a formal rating of “social [...]
Half of the Eurozone’s sixteen economies
are at risk of becoming ‘unsustainable’, essentially bankrupt.
After driving a wedge between Japan and the US,driving a wedge between the EU and the US is next. China will state publicly that EU debt, bunds even gilts are more attractive than US debt. China will speak to the investment opportunities in [...]
“.. Britain is no longer a sovereign nation. At midnight last night, we ceased to be an independent state, bound by international treaties to other independent states, and became instead a subordinate unit within a European state.” — Daniel Hannan
The European Union (EU) now has full control of immigration policy for all member states. [...]
Nearly 12 years of incompetence of this government’s work and the cracks show in the economy of the United Kingdom, but we should lay the blame where it started: Margaret Thatcher! She began the destruction of the manufacturing base of the United Kingdom, deregulation of the financial system, backed by the oil economy of the [...]
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