Nor should we allow Trump to capitalize on the fruits of our hard earned democracy.
This country was NOT founded upon unbridled banksterism. Prosecute these traitorous enemies of traditional American values to the fullest extent of the law.
of 18th century European laissez faire 'economics' in the United States of America. We will have decimated the native-Americans, enslaved the African-Americans, pitted brother against brother in the Civil War, rescued the free world from Hitler, Stalin, Mao and Hirohito all for nothing, if we continue to allow the 'compassionate' 'conservative' corporate minions of the 'GOP' to have there way. Re-instate democracy and Glass-Steagall and the unions that Reagan destroyed. This criminal experiment in neo-capitalism is bankrupt in so many ways that the only real 'derivatives' from it will be the "Collapse" that Jared Diamond tried to warn us about. Enough. I'm madder than hell that the manical republican/southern democrat coalition has destroyed the American Dream.
If we become like Greece it's because the same fascist mentality that holds sway in Germany is threatening to take us back to the right-wing Reaganomics, so-called trickle-down 'prosperity' that quadrupled the deficit and debt during the Reagan-Bush Sr. reign of austerity. Reagan won election by lambasting Carter for the $58B deficit and the promise of a balanced budget... which instead ballooned four times over the next twelve years. We do not need to repeat the austerity/lies/deflation/trickle-up economics of the 80's nor do we need to emulate the German led Eurozone's copycat tactics.
“I’m going to ask [people] to give up a little bit to make sure the system doesn’t fail… If we don’t, the baby boomers are going to wipe out Social Security and Medicare. We’ll become Greece.” Who do you think has been paying in the lion's share to our trust fund? It's the rob Peter to pay Paul transfer of payments from our trust fund to the war chest that has wiped out much of our trust fund... not the hard working Americans who have been paying in faithfully for decades.
Dollar backed by the Private Federal Reserve Company and its 12 branch banks as well as Bullion banks together these crooks dumped 2.7 Billion of naked short paper in 4 seconds last Monday morning at the open.
Effect?- Drove Gold and Siilver down to 5 year lows putting pressure on miners.
Will this be the Elites moment to scuff up all the worlds mines at discount prices?
Naked shorting is illegal. This entire market is RIGGED by Murderers, HFT buying and selling cheaters, drug money launderers, warmongers, and this is their wake of destruction- Iraq, Afghanistan, Greece, Ukraine, Syria, the busted middleclass of America, the busted middleclass of Europe, the busted mortgage market(sub-prime Mortgage Bait and Switch), USA taxpayer Bank Bail-out, Precious Metal Mining Depression, Preciuos metals shortages, QE stock market Bubble, the rise to power if ISIS, rise to power of China, USA trade deficits, and nuclear Iran....
It’s kind of like selling goods to consumers with very bad credit and then being surprised when they don’t pay.
But before I get into that, we all know Greece owes Germany, the ECB, and the IMF a lot of money.
Last week I explained that if they went the “Grexit” route, 75% of Greece’s government debt would’ve been wiped clean. That’s $90 billion to Germany alone and about $250 billion to the rest of the euro zone. It would have hurt, but there’s no avoiding pain at this point, and now it’s only going to be worse.
But there is another level of debt almost no one is talking about.
In fact, we have a harder time getting good information on it because the EU has increasingly hidden it.
However, this debt gets at the heart of why Germany and some of the strongest opponents to a Grexit were so desperate to keep Greece in the euro zone.
This not-much-talked-about debt are the TARGET2 loans Greece (and other euro zone importers) owes the rest of them.
It’s a fancy way of saying “past due accounts receivables.” Another way of saying this: “The check’s in the mail.” Or: “We’ll pay you when we can.”
The idea is that when German or other euro zone companies sell goods to Greek companies, the Greek companies hand off their payment obligations to the Greece central bank. That central bank then owes Germany’s central bank, which then pays the German companies who sold the goods in the first place.
The problem is that the southern European countries – PIIGS, or Portugal, Italy, Greece, and Spain plus Ireland – import a ton. When Germany sells to Greece, Greece’s central banks collects the money, but doesn’t pay the German central banks. These are called TARGET2 loans.
They’re not really “loans” in the sense that they are involuntary. The German central bank knows that if it pushes too hard for these payments on time...
USA Rigged Casino out of Investors. The Feds are the only buyers. Why? Because everybody already knows that BK Banks and Casinos bear none of the risk. Bail-Out/In coming.
the population of greece bankrrupt and the gold run didn´t happened, in europe if you go to bankrrupsy don´t buy gold, wait and someone will bailout you with fresh Money.
They want to ban our ownership rights to something that we worked for and own and use for safe haven. We can't help it if your Casino is out of our cash. You have made your own reputation as a bunch of murdering crooked thieves who think they own everybody-elses money.
We OWN our Cash. Get your greedy fingers off what is mine. Honestly you dolt=brainedidots don't know what you are saying. You think YOU own what I worked for?
You must have a deathwish....