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interesting article on destroying the web of debt

bronco2078bronco2078 Posts: 10,211 ✭✭✭✭✭
in Precious Metals



The author talks about the idea that Euro countries that are deeply in debt might consider zeroing out the debt they owe to each other to lower their overall debt burden.



reducing to lowest terms












Comments

  • jmski52jmski52 Posts: 22,820 ✭✭✭✭✭
    That's a good article, and I wonder if some of the same remedy could be applied in the US, making taxpayers the beneficiaries instead of the targets.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • bronco2078bronco2078 Posts: 10,211 ✭✭✭✭✭


    I've been poking around on the site and found this article about ireland which covers some things that are new to me


    who bankrupted ireland?


    and this disturbing one about big banks laundering massive amounts of drug money


    billion$ in dirty money flowing through the banks


    bailing out all these idiot bankers sure affects PM's prices as we are seeing from the way the metals react to news from the ECB lately

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