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Gordon Taylor
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Contrary to the Media Spin, Greece Keeps on Sinking

- Philippe Herlin - GoldBroker

"Greece re-monetizes its failing banks (with european money) that, in exchange, buy sovereign bonds." What a great analogy! Why don't they just pile those Paper Euros up and set them on fire!

Greece is yet another example of how a socialist government ceases to function when they run out of other peoples money, as Margaret Thatcher put it so eloquently. We're lucky here in the US, we just print more ... for now.

Great article and exactly right on the MSM trying to pull the wool over everyone's eyes. They learn their lessons from us well, we don't count the interest payments, why should they?

Who's next, France maybe?

Commented 3847 days ago

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Beginning of the headline :These last few days, the media would have us believe that Greece is doing better, that the country is on its way back up, and two irrefutable proofs are brought in for that demonstration : Greece is now experiencing a primary budgetary surplus, and it has regained access to financial markets. Let’s see what the reality is. Let’s start by this so-called primary surplus. It is defined by revenue exceding spending, without taking into account the interests to be paid on the debt. Such a surplus is... Read More

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