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To quote Bill Bonner

Submitted by Roanman on Tue, 05/11/2010 - 06:17


Bill Bonner at the Daily Reckoning does a nice job here in analyzing the Greek debt crisis simply, and with the possible exception of a central banker or your garden variety EU bureaucrat, in language anybody can understand.

Click anywhere on the quote for the entire piece.


Greek communists are usually a reliable bastion of error and darkness.

Their ideas are appalling.

Their proposals are absurd.

The only thing they are not wrong about is their opinion of the ruling classes - whom they regard as morons.

To quote Zygmund Dobbs

Submitted by Roanman on Tue, 03/09/2010 - 09:09


"The great virtue is consumption, extravagance, improvidence.

The great vice is saving, thrift and ‘financial prudence ...

... If there are no savings there is no private money for investment.

Without private investors the government must provide investment capital.

If the government provides for investment, it has the power to dictate the conduct and processes of those who need investment capital."


The above quote was taken from Zygmund Dobbs' book, "Keynes at Harvard"

The economic theory's of John Maynard Keynes are those that are being practiced by all of the governments presently in power throughout the entire western world and much of the east including Japan.

It came to my attention in an email blast that evidently I must subscribe to from Brian Hicks at Energy and Capital ominously titled'

"Obama Wants to Spend Your Retirement Money".

Which by the way, I believe.

If I've said it once, I've said it a thousand times,

"The fact of my paranoia is in no way evidence that they're not out to get me."


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