Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Sovereign Debt Crisis is Percolating – Greece Asks for Debt Relief

    Lobo
    Lobo
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    Join date : 2013-01-12

    Sovereign Debt Crisis is Percolating – Greece Asks for Debt Relief Empty Sovereign Debt Crisis is Percolating – Greece Asks for Debt Relief

    Post by Lobo Fri 21 Oct 2016, 4:53 pm

    Sovereign Debt Crisis is Percolating – Greece Asks for Debt Relief Tsipras-Merkel
    Greek Prime Minister Alexis  has come out today and bluntly warned that failure to agree on a debt restructuring for Greece would push it into a perpetual spiral of borrowing from Europe. But it is actually much worse. Greece is being persecuted because its old debt was converted to euros and that made the debt increase. These politicians are simply brain-dead and cannot comprehend currency.
    The Sovereign Debt Crisis is indeed percolating. We are headed into a dark abyss for politicians cannot understand that there is no reason to borrow if you have no intention to every pay off the debt. We inevitably reach this conclusion that sovereign debt is the worst of all because there is no possible plan to ever pay it off. In the end, it is always just written off in debt relief. This is what caused the massive Great Depression as sovereign debt defaulted wiping out savings. That money was just gone! Welcome to the dark world of DEFLATION.
    https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/sovereign-debt-crisis-is-percolating-greece-asks-for-debt-relief/

      Current date/time is Fri 04 Oct 2024, 3:12 pm