Showing posts with label Greece. Show all posts
Showing posts with label Greece. Show all posts

Monday, December 17, 2012

A WORD TO THE WISE - TAKE CARE


Written by: Donald Hank

If America descends into anarchy and chaos, I would want at least one assault pistol and one assault rifle just in case I were pinned down by a group of thugs with guns. I would want the same for my family.

But I do not recommend that for you.You need to know what is best for you in such a case.

Do I think America is headed for anarchy and chaos?

My economist friends tell me that is a distinct possibility. It would be a potential outcome of any government policy that spends too much, has too much debt, and issues unbacked currency.

Greece has anarchy and chaos as a result of a government spending more than its GDP. QE 1. 2 and 3 meet the criteria of issuance of unbacked currency, around $2 trillion so far and counting.

America has a debt of $16 trillion and a GDP of $15 trillion, thanks to an irresponsible president (who cries a lot), Congress and Fed. Now here is a math problem for you.
Which is bigger, $15 trillion or $16 trillion?

Saturday, October 27, 2012

CALL/WRITE CONGRESS - DEMAND THAT AMERICA GET OUT OF IMF AND THE UN!


Donald Hank writes:

Richard, from the UK (see below), reminds us that the US is very much a part of the games played by the EU elites.
The infamous troika that is responsible for bailing out failed nations includes the IMF, of which we are a naive and credulous member.
If we lend money to Greece or Spain, for example, as part of this international racketeering scheme, and they default, we lose big money. That is you and I, the taxpayers.
We really need to get out of this dangerous high-stakes casino game by leaving the IMF.
We don't owe Greece or Spain a dime!
But if it does happen, we could sue the eurozone, because Greece was allowed to enter it even though it was widely known that they had cooked the books to be eligible. In other words, it was fraud.
BBC was one of the first to report on that;
Don Hank