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France Losing Its Head... Europe Soon To Follow?

Paulus Textor Wrote: May 05, 2012 12:27 PM

Thank God for Peter Schiff. The amazing thing about governments controlling money, is that only a tiny fraction of the population understands the inherent swindle. Essentially, they believe, "the government is in charge, and they are all smart, competent people who would NEVER abuse their monopoly power to create money out of thin air." If there is one thing most people should spend a little time to learn and understand, it is the nature of money. But most people find that subject boring. Which is odd, because few things in life are more important than money.

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RayTheAnarchoCapitalist Wrote: May 05, 2012 10:12 PM

We'd be much better off if Wealth of Nations was required reading in high school.

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ideaminer Wrote: May 05, 2012 2:39 PM

You are so right.

I don't know how many people have read Peter's article, but only six people have bothered to comment. But articles about gay rights, abortion, immigration, drugs--even controversial calls at sporting events--get hundreds, and sometimes thousands, of comments. It's sometimes hard to beleive that there isn't some great conspiracy by the powers-that-be to keep "the people" distracted with arguing among themselves so they won't realize they've been robbed of their wealth and freedom until it's too late.

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France Losing Its Head... Europe Soon To Follow?

According to the European Central Bank, the Italian banking industry now holds more government debt than the banks of any of the major European economies: nearly €324 billions worth of shaky bonds. The Spanish banking sector is also heavily overweight in government paper, at a new record high of €263 billion.

This bond-buying spree was caused by the "Sarkozy Trade," or the wild printing of euros by the ECB, which French President Nicolas Sarkozy hoped would relieve France's own public debt problem. As a result of his campaigning, any European bank can get all the euros it wants at...

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