My hat is off to a genius called Michael David White who explains the global economic situation as easy as 1-2-3!
- You can ignore the overly complex and unintelligable gibberish mouthed by economists and central bankers who seem to follow the principle that "if you can't dazzle them with brilliance, baffle them with BS!"
Mr. White is having none of THAT foolishness, thank you very much!
- Kudos to you, sir.
Tuesday 26 June 2012
Economics as EASY as 1-2-3.................from Rico
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rico:
yes, indeed.
but, as you and i very well know, this "solution" is the road to poverty.
as a comparison of charts no.s 1 & 3 illustrates.
this cycle of "debt resolution" destroys wealth. and, it absolutely destroys the creation of new wealth.
in explanation, ... , who will loan to a greek enterprise, or the greek government, or who will buy the paper of a greek bank.
"economy" is a many faceted word.
john jay
milton freewater, oregon usa
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