Posted on 08/28/2011 1:56:00 PM PDT by bruinbirdman
Oh, yes, they have for some time. They got the govt. to repeal the Glass-Steagall Act, and then it was Party Time.....
Pumping money in to a society will not change their behavior for the better. A friend of mine has a daughter who is working for an American company who has a subsidiary in Spain and their biggest problem is finding people who are willing to work. And I do believe and can understand why any straight thinking German would be hostile to give them any money as in the end it would not make any lazy bum more industrious and before long it would be back to square one.
True that. Germany was broke and needed other sources of wealth, which they obtained through the “donations” from their Euro neighbors. The Nazis were collecting loot any way they could, including stockpiling the gold teeth of their victims.
The German people understand that this bailout will not solve anything, just defer the final crash for a little while, at enormous cost. They might as well let it happen now.
If I may, I’ll rephrase your comments..the Germans know that Greece is toasr, kaput, finshed..and they are unwilling to throw good German $$ after bad....the piper must be paid now...
In fact, that’s why Hitler had to go to war when he did, Germany was on the verge of bankruptcy, war couldn’t wait.
Not just Greece — Portugal, Spain, Italy, the list goes on. The EU is done. It never was going to work. The only question now is how much of the wealth of the fiscally-responsible must be pissed away to prop up the EU for a little while longer.
...the latest tally of votes in the Bundestag shows that 23 members from Mrs Merkel's own coalition plan to vote against the package, including twelve of the 44 members of Bavaria's Social Christians (CSU). This may force the Chancellor to rely on opposition votes, risking a government collapse.
a little more at the locked topic:
http://www.freerepublic.com/focus/news/2770109/posts
http://www.galmarley.com/framesets/fs_commodity_essentials_faqs.htm
Gold : prices, facts, figures & research
Commodity Numbers FAQs
How much gold is there?
In the world there are currently somewhere between 120,000 and 140,000 tonnes of gold ‘above ground’. To visualise this imagine a single solid gold cube with edges of about 19 metres (about three metres short of the length of a tennis court). That’s all that has ever been produced.
Divided amongst the population of the world there are about 23 grams per person, about 1.2 cubic centimetres each. This equates to about $250 - $350 worth per person on Earth, depending on the current price.
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