The House of Cards: EU Edition
Negative interest rates are more of a problem than a solution: They deprive banks of the ability to pay interest on their deposits, and they also prevent countries like Italy from being able to honor large-scale deposit withdrawals. So what options does Italy have if it wants to both remain in the EU and bail out its depositors? Not many. It appears that an “Italy-exit” would be preferable to wearing the straight jacket of EU membership. Continue reading →
Source: http://thespellmanreport.com/2016/07/29/the-house-of-cards-eu-edition/
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Economics = Trillions of Trillions of Globalized Hypothicated repackaged rebundled toxic poop and collateralized thingamy jiggery doo da bond IOU paper notes and paper promises and pensions that they ain’t EVER gonna pay out on so they will start WW3 to kill tens of millions of Peasants so they don’t have to
You need to go to da very very top fancy pansy homosexual uni’fersties to learn the complexities of how banksters print all dat funny fiat money out their a*ses and give it too their brotherhood buddies to buy the World