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IOU MRS. MERKEL

The Eurobond is a form of mutualized debt subsidized by member states of the European Union.  A comparison to the United States is when China buys our ‘debt’ they are actually buying bonds that are secured by the collective economic output of the 50 states.   285 more words

News You Can Use

Bundesbank Attempts to Subdue Concerns About Gold Repatriation

by Koos Jansen, In Gold We Trust:

Yesterday I published an interview by German newspaper Handelsblatt with Carl-Ludwig Thiele, Member of the Executive Board of the Deutsche Bundesbank, that was published in english on the website of the Bundesbank regarding the progress of the German gold repatriation process. 86 more words

Propaganda, Fraud, And Outright Lies

A One–Off Capital Levy: A Suitable Instrument For Solving National Solvency Crises Within The Current EMU Framework?

In the course of the current sovereign debt crisis, strong doubts have occasionally arisen as to whether individual euro- area member states are capable of servicing their government debt or whether they are implementing the necessary measures at the political level. 1,495 more words

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