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Topic: Greece Is Not Unique; Unsustainable Government Debt Has No Upside (Read 744 times)

legendary
Activity: 1988
Merit: 1012
Beyond Imagination
There is a common misconception: Money issued through debt. It is mathematically impossible. Money is not debt, the money creator will never be in debt

Only those who borrow money are in debt. So when government borrow money from banks, banks will never be in debt. Every money is owed to banks, not debt

Because banks can create money as wish, so the borrowing money to pay back the debt game can continue for decades without issues. And eventually some other more serious problem will arise to cover this scam
Pab
legendary
Activity: 1862
Merit: 1012
EU countries will help to Greece, so another EU country people will pay Greece debts  Wink Largest countries, like Germany, France have enough money to cover Greece debts  Wink

They might have enough for Greece, but not for Spain and Italy. France is not in a healthy condition neither. It's Germany that is by far paying the most for the EU. The question is, will the Germans pay forever. I doubt it. If history has taught us anything about the Germans than it's that you should not interpret their current silence on the matter as approval. Trying to enslave the Germans generally doesn't work...

ya.ya.yo!

Nobody were asking EU citzens for his agreement when commercial banks sold his toxic debts to EU governaments
Same like nobody were asking USAcitenswerethay have to pay 800 bln $ for commercial bankt debt

are you agree to buy Greece,USa,France,Spain ,Italy debt from your own money,but  nobody was asking
Germany doesnt pay,Germany is making money on Euro,Euro is political money,To keep EU nations in Germany hands
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
Nothing new under the sun, but I seems that more and more people are finally waking up from the matrix.
legendary
Activity: 1806
Merit: 1024
EU countries will help to Greece, so another EU country people will pay Greece debts  Wink Largest countries, like Germany, France have enough money to cover Greece debts  Wink

They might have enough for Greece, but not for Spain and Italy. France is not in a healthy condition neither. It's Germany that is by far paying the most for the EU. The question is, will the Germans pay forever. I doubt it. If history has taught us anything about the Germans than it's that you should not interpret their current silence on the matter as approval. Trying to enslave the Germans generally doesn't work...

ya.ya.yo!
hero member
Activity: 658
Merit: 500
EU countries will help to Greece, so another EU country people will pay Greece debts  Wink Largest countries, like Germany, France have enough money to cover Greece debts  Wink
full member
Activity: 187
Merit: 100
https://bitcointester.com/
not just Greece, this time all countries feel the global
economic retreat. However, at least the government as
parties who have financial authorities should make
appropriate monetary program
legendary
Activity: 1610
Merit: 1183
All Greece is doing is dicking around until they can't no longer sustain a cohesive society. EU is not kicking them because they can't, but they might end up leaving themselves forced by the insane pressures of debt and their own fault too (corruption everywhere).
legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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