Tag Archives: credit addition

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

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The Gold Standard: Why Now?

A topic that is increasingly being discussed since the 2008 financial crash is that of a return to the Gold Standard. The world’s currencies were backed by gold until 1971 at which time the current fiat system was adopted. The … Continue reading

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The World’s Addiction to Credit

During the last week the world elite met at the annual World Economic Forum in Davos, Switzerland. During these meetings the world’s leaders discuss global economics as well as credit among many other topics. The one report that stands out … Continue reading

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