Tag Archives: credit

This can’t be repeated often enough:

http://www.zerohedge.com/news/2016-09-14/not-everyone-went-down-titanic That’s the fact: Once a deposit is made at the bank, it’s no longer your property. It’s the bank’s. What you own instead is a promise from the bank to repay. It’s an unsecured liability. That’s a very different … Continue reading

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Stupidity wins again – hands down

http://bastiat.mises.org/2014/01/worst-of-all-worlds-for-lenders/ Ah well yes, lowering standards, that will do…

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No suprises

for anyone who knows simple truths and is not working for/in government or parties. Hindering free trade does not work. It had not worked in the past, it does not work in the present and it won’t work in the … Continue reading

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leverage <> leverage

Now you may be suprises leverage under different circumstances do have a different meaning. Meaning if used by politicians: “more fire power”, hardly “more” risk, telling markets stories of drunkeness and cruelty sorry, sedation. It’s just for the “bigger” good. … Continue reading

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Whatever will come out of it

will be a catastrophe. I don’t know how many times we now have to read about “saving” Greek and the szenarios get more devastating with evey try. Just for the flat lie: “We must save Greece otherwise hell will break … Continue reading

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Black mailing

Greece finance minister warns, if the EU let Greece down. Guess what Greece alone has 330 billion of debt. and if they fail the end will come. Well hell one might think “Finally” All EU countries have debts beyond imagination … Continue reading

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At leat some good news

English banks reduce their exposer to EU risks: http://www.telegraph.co.uk/finance/financialcrisis/8584442/UK-banks-abandon-eurozone-over-Greek-default-fears.html 1:100 that Merkel and Sarkozy will name them speculates. Or traitors or such Greeks history is near record breaking for defaulting. Just read “This time is different” and you’ll see I’m … Continue reading

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