The European debt crisis has just gone to an entirely new level. Just when it seemed like things may be stabilizing somewhat, we get news of huge financial bombs being dropped all over Europe. Very shortly after U.S. financial markets closed on Friday, S&P announced credit downgrades for nine European nations. This included both France and Austria losing their cherished AAA credit ratings. When the credit rating of a country gets slashed, that is a signal to investors that they should start demanding higher interest rates when they invest in the debt of that nation. Over the past year it has become significantly more expensive for many European nations to borrow money, and these new credit downgrades certainly are certainly not going to help matters. Quite a few financially troubled nations in Europe are very dependent on the ability to borrow huge piles of cheap money, and as debt becomes more expensive that is going to push many of them over the edge. Yesterday I wrote about 22 signs that we are on the verge of a devastating global recession, and unfortunately that list just got a whole lot longer.
Over the past several months we have seen quite a few credit downgrades all over Europe, but we have never seen anything quite like what S&P just did. Standard & Poor’s unleashed a barrage of credit downgrades on Friday....
-France was downgraded from AAA to AA+
-Austria was downgraded from AAA to AA+
-Italy was downgraded two more levels from A to BBB+
-Spain was downgraded two more levels
-Portugal was downgraded two more levels
-Cyprus was downgraded two more levels
-Malta was downgraded one level
-Slovakia was downgraded one level
-Slovenia was downgraded one level
This is really bad news for anyone that was hoping that things in Europe would start to get better. Borrowing costs for many of these financially troubled nations are going to go even higher.
In addition, there was another really, really troubling piece of news that came out of Europe on Friday.
It was announced that negotiations between the Greek government and private holders of Greek debt have broken down.
The Institute of International Finance has been representing private bondholders in negotiations with the Greek government about the terms of a "voluntary haircut" that is supposed to be a key component of the "rescue plan" for Greece.
Greece desperately needs private bondholders to agree to accept a "voluntary haircut" of 50% or more. Without some sort of an agreement, the finances of the Greek government will collapse very quickly.
For now, negotiations have failed. There is hope that negotiations will resume soon, but Greece is rapidly running out of time.
The Institute of International Finance issued a statement on Friday which said the following....
"Unfortunately, despite the efforts of Greece's leadership, the proposal put forward … which involves an unprecedented 50% nominal reduction of Greece's sovereign bonds in private investors' hands and up to €100 billion of debt forgiveness — has not produced a constructive consolidated response by all parties, consistent with a voluntary exchange of Greek sovereign debt"
The IIF says that negotiations are "paused for reflection" right now, but they are hoping that they will be able to resume before too long....
"Under the circumstances, discussions with Greece and the official sector are paused for reflection on the benefits of a voluntary approach"
Something needs to be done, because Greece is experiencing a complete and total financial meltdown.
Back at the end of July, the yield on one year Greek bonds was sitting at about 40 percent. Today, the yield on one year Greek bonds is up to an astounding 396 percent.
That is how fast these things can move when confidence disappears.
Those living in the United States should keep that in mind.
Unfortunately, Greece is not the only European nation that is completely falling apart financially.
We aren't hearing much about it in the U.S. media, but Hungary is a total basket case right now. The credit rating of Hungary was reduced to junk status some time ago, and now the IMF and the EU are threatening to withhold financial aid from Hungary if the Hungarians do not run their country exactly as they are being told to do.
In particular, the IMF and the EU are absolutely furious that Hungary is trying to take more political control over the central bank in Hungary. The following is from an article in the Daily Mail....
The European Union has stepped up pressure on Hungary over the country's refusal to implement austerity policies and threatened legal action over its new constitution.
The warnings escalated the standoff between Budapest and the EU, as Hungary negotiates fresh financial aid from Europe and the International Monetary Fund.
Over the past months, the country's credit rating has been cut to junk by all three major rating agencies, unemployment is 10.6 percent and the country may be facing a recession.
But bailout negotiations broke down after Budapest refused to cut public spending and implemented a new constitution reasserting political control over its central bank.
Slovenia is a total mess right now as well. The following comes from a recent article posted on EUObserver.com....
Slovenia's borrowing costs have reached 'bail-out territory' after lawmakers rejected the premier-designate, putting the euro-country on the line for further downgrades by ratings agencies.
Zoran Jankovic, the mayor of Slovenia's capital Ljubljana, fell four votes short of the 46 needed to be approved as prime minister by the parliament, with the country's president set to re-cast his name or propose someone new within two weeks.
Some time ago, I warned that 2012 was going to be a more difficult year for the global economy than 2011 was.
Well, things are certainly starting to shape up that way.
Europe is heading for some really hard times. What is about to happen in Europe is going to shake the entire global financial system.
Those that live in the United States should take notice, because the U.S. financial system is far more fragile than most people believe.
Our banking system is a gigantic mountain of debt, leverage and risk and it could fall again at any time.
In addition, the U.S. debt problem is bigger than it has ever been before.
For example, did you know that the federal government is on a pace to borrow 6.2 trillion dollars by the end of Obama's first term in office?
That is more debt than the U.S. government accumulated from the time that George Washington became president to the time that George W. Bush became president.
For now the U.S. government is still able to borrow giant piles of super cheap money, but such a situation does not last forever.
Just ask Greece.
Already there are indications that foreigners are starting to dump large amounts of U.S. debt. If this trickle becomes a flood things could become very bad for the United States very quickly.
We are on the verge of some very bad things. The kinds of "financial bombs" that we saw dropped today are going to become much more frequent. As governments, banks and investors scramble to survive, we are going to see extreme amounts of volatility in the financial marketplace.
Things are not going to be "normal" again for a really, really long time.
Hold on tight, because 2012 is going to be a very interesting year.
SUMMARY
HOW TO REVERSE WORLD RECESSION IN MATTER OF DAYS
A Method to Address Economic Recession, Remove Poverty, Terrorism, Improve Law and Order, Reduce Drug Abuse, Inflation And Taxes in an Interest Free Based Economy.
By: Dr. Niaz Ahmed Khan, FRCS, PhD
ABSTRACT:
I have developed a new financial instrument which will be much more valuable than the bonds or the treasury bills government sells in the open market to raise much needed funds to run the country. These are all interest based instruments and can only be used by institutions. The instrument I am proposing is without interest and will be used by everybody to purchase goods and services in the government and private sector resulting in up to 60% discounts. This is why these will be massively bought up front in large amounts in the shortest period of time of one month to run the country for at least a year and much more by the end of the year.
SUMMARY OF THE BOOK:
The world is facing many challenges with no solution in sight.
The main cause of all these ills is the POVERTY. Float bonds which can be used by everybody rich or poor and are not debt to the state so there is no question of interest.
How: Take the example of USA which is going through a great recession.
USA borrows money by selling treasury bills and the interest based bonds. The suggestion is to sell these bonds on non interest basis.
1. Buy all goods and services under govt control with these bonds and these bonds will replace dollar with bonds.
2.10 million duty waved off.
3.100 Billion dollars prize draw from the bonds held by the public every day.
EXAMPLE: ONE dollar buys 5 bonds on the condition that the amount should be $100,000 or multiple of it. Fewer amounts will get the rate of four and three. This massive discount period is only for first month at the start of the implementation of this system. In the second month the rate will be 4 but the rate of 3 will apply to subsequent months for the same amount.
WHERE THESE BONDS WILL BE USED?
1. All state controlled services and commodities.
EXAMPLE: A bill of (any service or Commodity) $100 can be paid with 200 bonds and there will be no exception to this rule. A NET DISCOUNT OF 60%.
A simple formula will apply: Total bill in dollars x2 is the number of bonds surrendered. Price in bonds will not be less than the cost price but without the direct indirect taxes and the duties which are added to the present cost to make it very expensive.
It will attract at least 50 million people to take this opportunity as early as possible. And if one is sure of making 100% profit within 30 days there will be many more that will help themselves.
RESULT: Government gets at least $5 trillion within a very short period of time of few days and much more in the rest of the year. THIS IS NOT A DEBT AS STATE HAS SOLD BONDS (Commodity) WHICH IS AN ALTERNATE CURRENCY AND DO NOT CARRY ANY INTEREST. One immediately thinks who will bear the loss and this loss to the state will not be more than total year budget of $2.5 trillion which it collects in one year with all the taxes and the duties but the bond price is simply a cost price without any kind of tax or duty. So there is a net gain of approximately 2.5 trillion within a short period of time. First floodgate of money has been opened.
WHO WILL SELL THESE BONDS?
State will float tenders to select a private agency (USMF) UNITED STATES MONITORY FUND JUST A NAME GIVEN TO THIS ORGANIZATION with the lowest bid WHERE AS second, third and fourth bidders will be auditors of USMF. This agency will employ at least 20 million unemployed on 10% commission basis and without any salary. These agents will have to pay $500 as an annual fee to USMF in order to build the infrastructure for the sale of bonds. Agents’ quota will be $300,000 per month or they will be allowed to sell their whole year quota in one day or in a month. This will only materialize if the agent shares his commission with the buyer. Greater the share of commission quicker the sale. The investor or a buyer will sell these bonds at the same rate of 5 per dollar and his bonds will sell like hot cakes every day as there is no condition of the amount of money to purchase the bonds. In this way even the poorest person will get the same or near the same rate as the investor earns a profit from the commission which he takes from the agent and makes almost 100% profit by only investing $100,000. He will sell these bonds repeatedly and will keep almost 6% profit every day till the demand lasts. NOW THINK HOW MUCH FUNDS STATE HAS ACCUMULATED Much more than few years budget in matter of only one month.
FLOOD GATES OF MONEY AND TURNING POINT
This is the second flood gate of money and there are still four more floodgates of money yet to open. So at the end of 30 days or even much earlier the government declares tax free country for ever. With the removal of all kinds of direct and indirect taxes and duties the price of oil electricity telephone and of all other services under government control is now almost 60% less than before as these are being purchased by bonds (which is the cost price) and not with dollars. The production cost of everything has come down tremendously.
SECOND OPTION
STATE ALSO OFFERS 10 MILLION DUTY FREE IF ONE DEPOSITS $100,000 NON REFUNDABLE. THIS BRINGS OUT ALL THE BLACK AND SPARE MONEY WHICH STATE WAS NOT ABLE TO GET BEFORE AND AS THERE IS NO TAX AND HENCE NO TAX EVASION SO ALL THE MONEY IS WHITE AS IT IS BEING GIVEN TO GOVERNMENT.
This was the third floodgate of money which is even bigger than the first one and the exact amount is impossible to asses unless the system is implemented.
In order to provide cheap bonds throughout the year government offers three types of registration fees.
1. Pay $100,000 in the start of the year and get the rate of 5 for the rest of the year and this will suit the professional’s and salaried person’
2. Pay $10,000 yearly and get 20,000 new bonds at the rate 5 every month but one has to collect 10,000 bonds (equal to fee) to get this cheap rate throughout the year. Higher the registration fee more the entitlement of cheap bonds. This registration will suit any small time business who will sell his product cheaper provided 15% bonds are also paid with rest of cash money by the customer SEE THE NEXT REGISTRATION FOR FURTHER EXPLANATION OF15%BONDS. This will apply to all goods in private sector and does not apply to the government sector. This is a big incentive to accept bonds in the private sector as the business accepting more bonds will have more business than the trader not accepting the bonds so the bonds market will multiply and there will be a constant need for bonds in the open market.
3. Third type of registration will be of $100,000 which will entitle the business to sell its products through USMF. The value of merchandise sold through this source will help the business to get the 5 bond per dollar rate or opt for the duty free option equal the amount sold. But with one condition of surrendering 15% bonds at each sale in dollars.
EXAMPLE:
MERCHANDISED SOLD THROUGH USMF $1000. BONDS SURRENDERED 150 ARE DEPOSITED IN STATE ACCOUNT TO BE SOLD AGAIN SO THE CYCLE OF BONDS IS ESTABLISHED .A receipt of bonds surrendered is obtained from USMF for evidence of sale of merchandise and this receipt will entitle the traders to get cheap bonds or the duty free option throughout the year BUT THE SAME RECEIPT CAN BE USED ONCE ONLY.
WHAT IS THE BENEFIT TO BUSINESS?
1. CHEAP BONDS THROUGH OUT THE YEAR
2. DUTY FREE OPTION WILL HELP INDUSTRY.
3. The quota which can be sold is ten times the amount of Registration but not more unless the registration fee is increased. Now all the business will opt for this registration in order to reduce the cost of production. These 15% bonds the business will get back through a chain of dealers sub dealers and ultimately the customer will pay this bond portion as he will get the end product very cheap because of tremendous cut in the cost of production by the factors already mentioned. This will replace the GST or the VAT or the two price system seen all over USA. Almost everybody will sell their product through this channel as it will be much costlier to sell the product outside this system as cheap bonds are not available otherwise.
According to rough estimate at least $10 trillion transactions are carried out every day in US and at each transaction 15% bonds are being surrendered, the price 15 bonds is $3. So 3% of 10 trillion will be $300 billion which goes into government account without any compulsion every day (UNBELIEVABLE). This is the fourth floodgate of money AND IS CALLED THE GOLD MINE. Now the state is sitting in the driving seat and all the money in banks of private sector has been transferred into government account and banks are no more the lenders but are borrower from the state which is the only source left and will invest in business with sound feasibility study checked by the state bank. The state will offer to invest 80% and the bank will bring investor who is willing to pool rest 20%. This 20% will be deposited in the bank and the bank will oversee the running the business, running expenses will be given to the investor from its share of 20%. There will be no collateral and share of the profit and loss will be shared in the ratio of 60 and 40. The bank will share the 60% with the investor and 40% will go to state funds and the state will provide everything under its control below cost which will farther reduce the cost of production and at the same time will MARKEDLY improve the profit margins OF ALL THE BUSINESSES. No major business can refuse this offer. Any bank showing repeated loss will go out of business as there will be no more funds available from the government source and all other interest based sources are not available any more. Interest based banking is gone forever or it may be at a very small scale and the state will not offer loans on interest as these are not any more profitable and risk free as there is no collateral. The amount of profit government will share will be unimaginable and this is the 5th flood gate opened.
THEN WHY NOT INVEST ON PROFIT AND LOSS SHARING BASIS
Last but not the least government will acquire all the land on lease without any force and will provide all the needs to the formers THROUGH CORPORATE FARMING SECTOR HIRED BY THE STATE below cost and will become the shareholder according to the mutual contract with the land owner this is the 6th flood gate of money opened.
DRUG ABUSE ELIMINATED
When all the possible land is being cultivated by best agriculture engineers there will be much better yield and much more profit to land owner then who will not join hands with the government.
THE OBVIOUS BENEFIT WILL BE NO MORE POPPY CULTIVATION IN COUNTRIES WHICH ARE POOR AND LARGELY DEPEND ON THE POPPY CROP. NOW THERE IS NO MORE POPPY AND NO MORE DRUGS.
All the above claims have been proved to be true except the terrorism.
HOW TERRORISM WILL BE ELIMINATED?
We have to look at root cause and it is POVERTY and NOT the religion which is being falsely blamed. The going rate for a suicide bomber is $1,000 in Pakistan, Iraq and in Afghanistan. Can one believe that anyone having at least two meals a day will blow himself? Never the areas of the countries where these attacks are happening are extremely poor and the extremist elements who themselves are or were poor exploit these very poor people to carry out attacks for money to save their families dying from hunger and this is an open secret. Extreme elements has large force that is recruited from poor areas as there in no job anywhere and they provide these raw recruits with only food and shelter and at same time brainwash them and train some of them to carry out these attacks by giving them enough money in their lives to support their dependents. You might mention few isolated cases of being well to do and still carried out these attacks. Once the poverty is removed in these areas by implementing this system these attacks will come to an end immediately. This system is not only meant for USA but will be easily applicable to every country.
I got a couple of good choices of names for the bonds you propose – Confusion Bonds, or Burn Another One Bonds.
Has cutting out of control government spending ever occurred to ya as a possible remedy?
I apologize if your idea was simply over my head – could easily have been – what do I know?
bonds, or burn another one bonds
I like Barry Bonds myself. Invest in those, and you are guaranteed a home run! Har dee har harrr!
Oh wait, wasn’t he involved in that whole steroids scandal? Never mind.
Cannot happen Carl. The banksters control governments and their courts. Most of all they have locked down all the MSM under their control and the sheep only believe what they learn from a boob tube.
As Jordan Maxwell said a year ago after studying the banksters for 40+ years – they have won and the USA as we know it, living as ‘free men’ is coming to an end. Hope is gone. Now it is all about keeping the fake ponzi going as long as possible before the suffering begins (and will NEVER end). Other than that, enjoy the buffett.
That’s a fact.
….There are no nations. There are no peoples. There are no Russians. There are no Arabs. There are no third worlds. There is no West. There is only one holistic system of systems, one vast and immane, interwoven, interacting, multivariate, multinational dominion of dollars. Petro-dollars, electro-dollars, multi-dollars, reichmarks, rins, rubles, pounds, and shekels. It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic and subatomic and galactic structure of things today! The world is a college of corporations, inexorably determined by the immutable bylaws of business. The world is a business. It has been since man crawled out of the slime. And our children will live, to see that… perfect world… in which there’s no war or famine, oppression or brutality. One vast and ecumenical holding company, for whom all men will work to serve a common profit, in which all men will hold a share of stock. All necessities provided, all anxieties tranquilized, all boredom amused…..
RIP: The Whole Tim Tebow Thing (October 23, 2011—January 14, 2012)
Read more: http://www.businessinsider.com/rip-tim-tebow-2012-1#ixzz1jXPMhArP
Amen!
All this is just another excuse to manipulate the markets in order to stampede the herd. It’s part of the plan to take what little the common man has left. If you are looking for evidence of a gloalist conspiracy, look no further. After they take what they can from you, they will take your life. For those who have not been reconciled to the Father by the Son of God, these are indeed dreadful times. To those who have already been washed in the blood of the Lamb, may God’s peace be with you.
u r fos!!! soros badmouths europe as he buys up its short term debt. the greeks still have dental ins u have ******.
when mitt privatises the VA within 12 yrs the tanks will be in DC
You mean within twelve days don’t you?
I do not think that the average person reading about Hungery, and other nations faced with debt understand what “debt” in the modern sense is. Take Jamaica for example, they were some 30 years back ploding along in self sufficency with their own cow milk industry, food production, home crtaft industries etc. Now enters to factors: Greed, and as master plan (the hook) to do what the IMF wants from Switzerland.
They, in order to gain capital and trade (part of the financial package) to upgrade the economy from a peaceful island country to a competitive part of the international globalization had to close their dairy industry and imnport milk and milk products. A shoe business was offered that employed hundreds, then it disappeared to asnother poor country who worked their labor force cheaper.
All in all the package of money is not total cash it is at first a bribe to appeal to growth by bringing in business to employ people. Then the rug is pulled out gradually and you lose business and your venture capital.
In my opinion Greece and Hungry are fighting the corrupt IMF system of control and ownership of real property confiscation . More power to them.
The current economic model of globalization has failed in the sense that small business and imndependent small nations are squeezed out of the larger economies – yet the larget economies like France, Germany are on the list too. Give it another few decades and the USA will be like Jamaica, totally poor, chain linked in separation of the virtual homeless hungry people from the tour boat wealthy seeing only the plastic coconuts for sale “Made in Jamaica”
Time to wake up and look at the bigger picture of world domination (globalization) and how it will effect your future.
Old Timer
The average person can’t even find Hungary on a map.
I am still perplexed that when bad things happen to americans and europeam..it mjst be the end of the world..
Up until the first world war the europeans and anglophiles exploited the colonies in Asia ans Africa which imposed seve hardship and humuliation of us until today but life goes on and we fight…we do not wish for bearded guy to slay heathens and take us all naked to heaven…the IMF and world bank lredicted that stubborn Asian nations like Malaysia that refuse ti abide to IMF standards will be become bankrupt..but we remain a strong economy and even a creditor nation while european nations which were poster boys like ireland and greece become lost in the dusbin of history
Want to know reality?
They are STILL graded WAY WAY WAY too high. ALL of these nations have debt well in excess of 100% of GDP, none have made ANY adjustments of any note to change their spend thrift ways, and at least half will be bankrupt within a year. You have to wonder what it takes to get the lowest rating. What does Zimbabwe get, a “B”?
Our US currency will fail , but our people wont . I have great confidence in a very freedom loving well armed nation . Our founders delberately put all the power ultimately in the hands of the people .
Read “When Money Dies”.. We are there.
If Europe would not have tried to follow the failed conservative policies of the USA they would be fine. Look at the Scandinavian countries who rejected the neo con crap.
Gary2, you have elevated yourself to Troll status.
Quote “If Europe would not have tried to follow the failed conservative policies of the USA.”
Europe went Socialism and Fascism. The Airbus was financed by the governments, just for example.
You have ZERO credibility.
“Europe went Socialism and Fascism”
ahemm…
…where has torture become legal?
…where has the government got the right to detain its own citizens without trial?
…where have the corporations got the right to confiscate any private property they like (-> “eminent domain”)?
…which country does have the greatest prison population on earth (as percentage of population)?
Europe?
Certainly not. Guess again.
The U.S. has evolved to accept socialism and all that goes with it. But you are right that the U.S. empire is dispicable. War for profit, torture, depleated uranium.
How can any sane people tolerate these crimes against humanity?
You’re a tool and a fool. George Soros sends his love.
Family on a cross country road trip:
Kid: “Are we doomed yet?”
Dad: “You got that wrong. It goes, “Are we THERE yet?”
Kid: No, I think I got it right. Are we doomed yet?”
Multinational corporations truly believe that a New World Order with them in charge instead of sovereign governments will be the answer to the problem of world instability.
After multinational corporations have better credit ratings than sovereign governments, guess where all the investment capital will be going?
After multinational corporations acquire most of the investment capital, guess who will bail out (take over) sovereign governments?
I am an educated woman with a husband who supports my views (here
but PLEASE what do you do when you are on a really fixed income and debt (mortgage and student loans only but 300000plus) how can I prepare? Help help help help! I am the worker and we are just one paycheck away from broke. what should we do? BTW Michael, I love your blog. we should possibly create a wonderful new utopia, Kevin (my spouse) and I will be happy to elect you president. You are a truth seeker like us!
Deborah:
Thank you for the kind words.
Right now, you just have to take it a week at a time.
Focus on making next week better. Can you do something to save a little money? Can you do something to increase your income a little? Can you do something to put a little bit of food in storage? Can you do something to pay off a little debt?
Small steps make a huge difference when you add them up over a year or two.
Try to find some ways to bring in some extra money. You might have to be creative, and it might cut into your relaxation time, but it will be worth it.
For much more on all this, please see this article I put together recently….
http://theeconomiccollapseblog.com/archives/how-to-prepare-for-the-difficult-years-ahead
And it is good that you are a truthseeker. We should all be open and looking for the truth.
Myself, I just finished watching an awesome documentary about food called “Forks Over Knives” that I would recommend to anyone. I learned a ton by watching it…..
http://www.amazon.com/gp/product/B0053ZHZI2/ref=as_li_ss_tl?ie=UTF8&tag=shatteparadi-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=B0053ZHZI2
Never stop learning – that is one of the secrets of life.
Michael
Getting rid of processed foods is great and someday I’m going to write an article on how to do food storage with real foods, not all that hydrolyzed protein, soy products and endless noodle and wheat product crap in the pre-measured survival meals. But I adhere to the science in “Wheat Belly” by Dr. William Davis M.D.The science is much better documented than that in the China Study and Forks Over…. Getting rid of the frankenwheat (no wheat today is the way God made it, it’s been engineered for greater yield with horrible consequences on our health) and other “healthy whole grains” like corn, will do your body much better than getting rid of organically raised meat and dairy products. My health, well-being and blood work have never been better since reading Wheat Belly and getting rid of all wheat in my diet.
Don’t ever give up.
Stay strong, and keep fighting the good fight. There is a long, hard fight ahead. We need you.
The only people who lose are the ones who give up and throw in the towel.
Oh, by the way… We’re gonna win.
This war is over. Jesus Christ won it on the cross on Calvary. It’s over. It’s done. Jesus holds the keys to Heaven, Hell, and Earth.
The enemy (aka Satan, the demon who was formerly known as Lucifer) refuses to surrender. He expects to be victorious any day now. That is to be expected. But his fate is sealed.
Just like Caesar. And Genghis Khan. And Napoleon. And Adolf Hitler. Just like everyone else who chooses this path. Greater than anyone who chooses to follow it. Who’s next, on The Price is Right? Any takers? Oh, you expected to see Bob Barker? Sorry, dude. He’s busy neutering puppies. You’ll have to settle for that fat movie star guy and talk show host..
My God is a great and mighty God. Greater is he that is in me, than he that is in the world.
Drew Carey.
Sorry, couldn’t think of his name.
mondobeyondo YOU ROCK!!!!!!!!!!!!!!!
Total World collapse is there adgenda when everything is bankrupt and ruined then the antichrist can take his seat.
People can come up with all the suggestions in the world. But if we don’t get the crooks out of the government and remove the central bank. Nothing will ever get done. We will live a life of misery and pain. People have to face the truth our government is so corrupt that it can’t be trusted. If we don’t put people in their that cares about people then you better just wait on Gods kingdom to come.
What’s the problem?
It will be more expensive for these countries to borrow money, therefore they got another incentive to save.
But governments and states don’t matter so much.
One cause of the current crisis is that the rich rather put their money into derivatives than infrastructure or research. Therefore they withdraw the money from the economy, and we got this moneycrunch.
To counter that the governments could either tax the rich more or print more money.
THE BORROWER IN THE LENDER’S SLAVE! Get out of debt now.
Man Spain and Italy’s Bond Rates have really increased since the S&P downgrade!- Sarcasm