I do hope that people of Greece will soon overthrow this traitorous Goldman Sachs bankstercrat government, because they will completely destroy Greece!
People of Greece, say N O to the inhuman austerity measures, kick out Goldman Scums and the Holy Troika (EU, ECB, IMF), arrest the banksters, bankstercrats and their puppet politicians and introduce a Gold-backed Drachma!
Solidarity and support to the people of Greece in their fight against Goldman Sachs and the Holy Troika (EU, ECB, IMF).
I think Yanis is wrong – he is not asking why Germany is a surplus country.
It is now merely a boutique machinery exporter whose exports will be snuffed out in a depression as they are not needed for basic life support , to do this it had minimal capital investment in its energy infrastructure for 20 years.
It must now export its valuable goods to sustain its massive imports of oil & Gas.
When the rest of Europe cannot afford these capital goods it will not be able to afford these energy imports.
Germany is fucked – all mercantile surplus countries suffer most in a depression – its a very vulnerable giant , one well aimed sling shot will bring the entire colossus down.
Berlin gets very cold in Winter……………
smart man. he realizes Germany manufactures quality, expensive things. with a strong currency (DM). they would suffer. personally i would like to see the DM for political reasons.
What a dumb, uneducated moron. It took his family probably quite some fakelaki to get him his degree and his job. Cause he´s got no clue at all about economics. And look at a map, Greek professor, you´ll be surprised how much Germany is west of the Rhine river. No wonder the Greeks are finished if they have academics like this guys.
Something to ponder … not to make judgements, just to ponder and stack as information
“WATERLOO, Ontario, Nov. 23 (UPI) — The less people know about complex issues such as the economy, energy and the environment, the less they want to know, Canadian researchers found.
Study author Steven Shepherd, a graduate student with the University of Waterloo in Ontario, said researchers found the more urgent the issue, the more people want to remain unaware.”
Following on from Yanis’ outlook of the UK economy – here is an article (url pasted below) from the independant on what Brits ought to be purchasing their children or grandchildren for Christmas.
Note how Mr Jonathan Fry from IFA Firm Jonathan Fry & Co puts a negative spin on gold coins versus a range of fiat investments ( I guess anything goes to avert a loss of confidence in fiat related “investments”)
How on earth is the average british citizen to implement a put against massive inflation when we have major newspaper claiming that recent growth performance of gold may not continue!
No mention of british cold coins being exampt from VAT and capitals gains tax, nor any mention of no counter party risk, but a major focus on transaction costs of 5% on gold coin transactions! As if investment trusts, personal pension schemes do not attract any management fees!
I you buy a gold coin as gift for your children this year, you can rest assure it will will still be there in 20 years time!
No mention of