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Tag Archives: Alan Greenspan
Greek Bailouts – For Bankers and Politicians
The additional Greek bailout is clearly designed to pay back French and German banks rather than help Greece and the Greek people. The bailout means strict austerity – increasing VAT and income taxes in order to afford to pay back … Continue reading
Posted in Economy, Gold Standard
Tagged Alan Greenspan, bailouts, central banks, credit addition, debt, economic growth, fiat currencies, Money Printing
2 Comments
The end of US dollar dominance?
During the last two weeks several news stories signaled the development of the beginning of a major shift in the international financial world. Almost missed by all news channels besides BBC, just before the Chinese President Hu Jintao was scheduled … Continue reading
Posted in Economy
Tagged Alan Greenspan, Chinese President, currency, debt, deficit, dollar, economy, Federal Reserve, fiat currencies, finance, Food Stamps, gold, money, US dollar, Yuan
3 Comments
