The Road Home
Member
Just saw this on my favorite website.
If This is Not DEFLATION Nothing Is!
"Now in the news there is discussion of a 10% seizure of ALL deposits in ALL of Europe to cover this failed experiment called the Euro. In the Greek newspaper HEMPHIA, they reported today on Sunday that the new deal to surface now that Merkel is in power will be the seizure of 10% of ALL deposits to go toward the Sovereign Debt Crisis because the European politicians refused to create a single currency with a single debt. This whole thing is just getting out of hand. The West's Marxist Socialism is imploding as did Marxist Communism. Enough is enough. We need serious reform before these people create World War III."
This capital will now flee Europe and head for America. Australia might receive some too as foreign Reserve banks have been buying our dollar, pushing up our currencies and adding another nail to the Gold price. This will not bode well for the American so called (not really existent) recovery. Goodbye Taper if this influx of capital happens.
This seizure of deposits is becoming trendy and will spread across the globe like cancer and you know what happens when cancer metastasizes completely.
If This is Not DEFLATION Nothing Is!
"Now in the news there is discussion of a 10% seizure of ALL deposits in ALL of Europe to cover this failed experiment called the Euro. In the Greek newspaper HEMPHIA, they reported today on Sunday that the new deal to surface now that Merkel is in power will be the seizure of 10% of ALL deposits to go toward the Sovereign Debt Crisis because the European politicians refused to create a single currency with a single debt. This whole thing is just getting out of hand. The West's Marxist Socialism is imploding as did Marxist Communism. Enough is enough. We need serious reform before these people create World War III."
This capital will now flee Europe and head for America. Australia might receive some too as foreign Reserve banks have been buying our dollar, pushing up our currencies and adding another nail to the Gold price. This will not bode well for the American so called (not really existent) recovery. Goodbye Taper if this influx of capital happens.
This seizure of deposits is becoming trendy and will spread across the globe like cancer and you know what happens when cancer metastasizes completely.
