The European Union is an excellent example of that movie Field of Dreams: If you build it, they will come. But because we’re dealing with Socialists and Europeans we need to modify that slightly: If you bend the rules enough and allow accounting tricks they will come but won’t stay long. Okay, that’s not as […]
From England’s The Guardian:
Fears of a deepening of Europe’s debt crisis have prompted the world’s leading central banks to pump US dollars into the financial system, in a co-ordinated action designed to boost market confidence.
Under the terms of the deal, banks will be able to bid for unlimited amounts of US dollars at fixed interest rates in three separate auctions. The first of these will be on 12 October.
Liberals in America control California and New York and Detroit… three states in social and financial ruin. In Europe, Liberals built the post-WWII Utopian welfare state (with America footing their defense bill) and it lies in ruins… the EU might be over sooner than we think and 1 trillion Euros was borrowed to bail out […]
Europe is already into Greece for $100 billion Euro (about $126,500,000.00) and U.S. “exposure” could be as high as $50 billion. Decades of post-war social spending programs have eaten away at the fiscal health of European and American economies. Many Liberals decry American military spending (some of this criticism is with merit) however military spending […]
The financial meltdown we are witnessing in Greece, which will soon spread like wild fire to other EU states like Portugal and Spain (and the U.S. as our banks have billions in loans outstanding) is the result of too much government spending and not enough government income. Greece has had a bad run of debt… […]
After having wasted over $787 billion of our money on a “stimulus” program that economists admit didn’t do anything and after enacting Obamakare, which Democrats now say will cost companies billions, it seems as though President Obama’s debt commission has suddenly come to the amazing revelation that our nation’s debt: “…is like a cancer; it’s […]
I found this amusing… a letter from the editors of Bild, a German newspaper, to the prime minister of Greece regarding their financial difficulties: Dear prime minister, If you’re reading this, you’ve entered a country different from yours. You’re in Germany. Here, people work until they are 67 and there is no 14th-month salary for […]
Much has been written here already on the turmoil in Greece… a semi-failed country that used its EU membership to borrow at artificially low rates to fund its growing Socialist welfare state. Now, the bills are coming due and cutting back on the pork is proving to be a problem: “There is an all-out war […]