As Europe is bailed out to the tune of nearly $1 trillion dollars, Congressman Ron Paul warns that the constant monetization of debt, allied with taxpayer-funded bailouts, will inevitably lead to runaway inflation and the collapse of paper currencies.
Earlier this year, my 7 year old daughter told me that her and her friends were taking about the recession (wth, when i was 7 i was talking about cartoons and mud pies!) and asked me "mama, why can't they just print more money?".
Earlier this year, my 7 year old daughter told me that her and her friends were taking about the recession (wth, when i was 7 i was talking about cartoons and mud pies!) and asked me "mama, why can't they just print more money?".
Earlier this year, my 7 year old daughter told me that her and her friends were taking about the recession (wth, when i was 7 i was talking about cartoons and mud pies!) and asked me "mama, why can't they just print more money?".
If only it was that simple. :(
Just say to print more money they dont have money to buy the ink ;)
They are only delaying the inevitable, eventually "sky will fall" they are only putting scotch-tapes on a leaking water-tank.
Earlier this year, my 7 year old daughter told me that her and her friends were taking about the recession (wth, when i was 7 i was talking about cartoons and mud pies!) and asked me "mama, why can't they just print more money?".
If only it was that simple. :(
I asked my dad that question too, when I was little (way too long ago, probably 30 years ago :D)
theories as to why its not working? 1 trillion is a massssssive amount to bail tiny greece with its significant debt out
A debt to serve debt is counter productive, it will add some air to the balloon but will not stop eventual deflation. Secondly, $1trillion is not for tiny Greece, but as reserve in case any other Euro country is found sinking which is very likely.
I think Germany/France make example out of Greece for Portugal, Italy, Spain … to control their deficit spending or the end will be painful like Greece … …
^^ They are blind... citizens with less monthly wages are crying for the everyday increase in prices and yet the rich politicians and industrialist have no time to think for it.
If they kept it on like that, then within 2 years I hope Germany will announce its bankruptcy too. Only Germany is officially already under debt of 14 billion as up to date.
…
They just said somehow this amount for now.