Tuesday, June 30, 2015

Fun With Fiat Currency

The old cycle is back, as the Copybooks promised.

Man is not a learning animal.

That poor Saps keeps repeating the same behaviours over thousands upon thousands of years, again and again and again … always expecting different results. A universal definition of insanity.


cbenediccengi said...

a must listen.

Sitara said...

Wow, Greece, the cradle of western civilization, actually defaulted on it's IMF loan and has joined the ranks of prestigious nations like Zimbabwe and Somalia. I just read on Dailymail that British tourists are scared they could get mugged, because Greeks can only withdraw 60 Euros a day from their bank accounts and ATMs (which should be a wakeup call to us all, any government could do this to their citizens. A couple of clicks on the computer to freeze bank accounts and a nation is left penniless)

Let's see if it takes the EU down with it. The IMF is not a benevolent lender, it is an economic weapon with the ability to impoverish, control and destroy nations.

Sitara said...

A short summary: