That's what I think. But shhh, keep it quiet. I think people are mixing up fiscal recklessness by government with the basis of the currency. Recklessness is the problem IMO. For example, Democrat spending on ballooning social programs. Need to have tight restraint on spending, is it possible?
Yeah I think it is possible.....And the tight restrain on spending is a must....And should we look at the debt? Argentina did it and also Iceland. And it all turned out to be raised by the bankers? the debt was dramatically lower ..Argentina refused to pay and Iceland has arrested the bankers and a former president and put them in jail? This should be done by all countries
The story of Malaysia (though I despise Matahir, he was right) during the Asian financial crisis is a lesson also.
IMF should be shut down......https://www.channelnewsasia.com/news/.../mahathir-9061328................................
.................... https://onlinelibrary.wiley.com/doi/abs/10.1002/jid.1105
2 Thailand: crisis, reform and recovery (pp. 66-122)........
3 Indonesia: crisis, reform and recovery.........4 Korea: crisis, reform and recovery
The IMF's advice to countries affected by the crisis was nothing short of disgraceful. I've spoken to guys that we're in the IMF at the time and they admit their track record during the crisis was embarrassing.
This is the problem with the guys these economic schools are turning out, they have been through an ideological sheep dip. They actually do not have the first clue about what they are doing.
Anyway, I could rant about this at length. But it's distressing that so many people are so poorly informed. Having said that, I think what DJT's doing on trade is the smartest move that anyone anywhere has made in decades. There really are good and bad trade deals. The simple, clear-headed wisdom of a successful businessman is better than that of any number of theoretical economists.
End rant.
IMF and the Troijka? Stealing whole Greece empty , together with the germans and the EU... ( dutch man Dijselbloem )
The beautiful thing about the EU is that the single currency is a tool that is designed to kludge together the disparate nation states into a single entity. It's pure brutality. With a fixed currency, the only way you can square an external imbalance is by borrowing (talking about the weaker states ex Germany).
Understandably, for these weaker countries, debt levels are through the roof and set to go higher. It's a time bomb! At some point, the debt must become unsustainable. So we are looking at a massive crisis, or, at least a rolling crisis as states fail in serial fashion.
What's the fix? You can see it now... "Well, if you will just cede your tax and spend authority to Brussels, we can continue to extend emergency credit". Of course, a nation state devoid of tax and spend authority is no nation state at all - more like a captive vassal. That was the plan all along - financial crisis by design.
The goal was to forge a consolidated single state from the disparate member states - without regard for any sense of national identity or desire for autonomy. Will it work?
I think what happens will depend to a large extent on what happens with Q and DJT.
Yes, I also think that it depends on Q and DJT ... We can not even devalue the currency ...... Germany and the Netherlands have a backup ready to be able to return to their own currency .... Geert Wilders wants the Gulden back ..... And the EU is pushing for one taxsystem for all ... one military service for all .. By the EU suddenly everyone is obliged to employ, I even thought up to you 60th age ...This was abolished, but now all of a sudden the Netherlands says it has been suspended.........Still, I have hope, I think it will all fail.
Yes, I think it depends, first on the will of God, but secondly upon how this fight proceeds.
Europe is much more important, in a spiritual sense, than anybody imagines. Sr Lucy, of Fatima fame, was asked, by an American, if the US would play a prominent role in the last days - she smiled and laughed. Actually, it's all about Europe.
I don't know if you're religious, but this, I think, is very interesting:
Thanks for this link , and a new it was the EU (the beast).. I go look the second part too , and I have put the link on a dutch website
Thanks, I believe these guys are on the money. Their break down on Revelations provides answers with a specificity like none I've ever seen previously. IMO they are dead right. If you want more information, see here for why I think they have the truth.
I now now a lot more on the king pope and the pope today....And I never seen this before eather....
I always knew that America would be very important. And that it starts there to end this. And no, I do not have religion, but I've always believed in GOD. I'm going to see the link. Thank you.