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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Thursday 23 February 2012

"A gold standard without the flexibilty"

I love this quote from Hugh Hendry

 As for Greece, the end game will be the Greeks rejecting austerity. The euro is nothing but a gold standard lacking flexibility, and all the onus is on private citizens to take the pain. Eventually, a Greek politician will say, 'Vote for me, and I'll get us out of this system.'

2 comments:

  1. WHEN ONE PLACES OTHERS INTO SERVITUDE , BY FORCE OF PHYSICAL EFFORT OR BY ECONOMIC EFFORT, THE RESULT ARE THE SAME NEITHER THE LESS .

    EITHER ONE WILL ARISE TO FREE HIS NATION AND PEOPLE OR THE LAST ORGANIZATION IN GREECE WILL DO SO ,THAT BEING THEIR MILITARY SERVICES .

    THE SAME CAN BE SAID OF MY NATION , THE U.S.A.. THAT HAS NOW BECOME ENSLAVED BY THE POLITICAL FORCES THAT HAVE USED THEIR OFFICES AND THAT OF THE GOVERNMENT AGENCIES THAT LIE, DECEIVE , AND MISLED THE PEOPLE , BY ALLOWING INTERNATIONAL INDUSTRIALIST TOO MOVE THEIR BUSINESS TO OTHER COUNTRIES AND LEAVING THE COMMUNITIES THAT WERE THEIR BASE OF OPERATIONS .

    THAT ARE NOW WITHOUT EMPLOYMENT , OR THE CONTINUED GROWTH WITHIN THE AREA THEY DID LEAVE .

    THAT NOW ONLY PRODUCE SERVICE AREAS OF EMPLOYMENT , AT MUCH REDUCED WAGES .

    THEY CAN NOW IMPORT BACK INTO THE U.S.A. ECONOMY THEIR LOWER COST PRODUCED PRODUCTS THAT ARE NOW ENABLING THE OWNERS TO ENRICH THEMSELVES AT THE EXPENSE OF NOT ONLY THE AREAS THEY WERE FORMERLY IN, BUT THE ENTIRE NATION IT SELF.

    THAT IS WHY ,THIS NATION IS NOW DISINTEGRATING AND WILL NOT LAST BY BECOMING DESTROYED IN TIME .

    ALL THE VERY BEST C R . D-KNOX.

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  2. Im a bear,D.Knox,but that is just plain dark !

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