Grandpa’s explanation of the European Union Crisis and World Banks

They make it sound confusing, but it’s really simple.. Europe is screwed because they have too much bad debt and can’t pay their bills. Their banks have nothing to loan because they made bad investments. The Federal Reserve comes to the rescue just like they did in 2008 to the United States, in an effort to preserve their only product, DEBT…

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One comment on “Grandpa’s explanation of the European Union Crisis and World Banks

  1. Another grandpa opinion;
    In managing the economy in any country, people and their government have to choose between four distinctly different available paths. Let us define them clearly and in simple terms:

    Model A:
    Maximize production & export; while maximizing consumption & imports. The results are: fast development; environmental degradation; materialistic corporatism.

    Model B:
    Maximize production & export; while minimizing consumption & imports. The results are: wealth accumulation; social disparities; and international hostility.

    Model C:
    Low production & export; while maximizing consumption & imports. The results are: sovereign debts; loss of independence; dysfunctional state.

    Model D:
    Low production & export; while minimizing consumption & imports. The results are: slow development; low qualities; weak defenses.

    Only these models are demonstrated in all countries and the citizens can plainly know which way their country is going to, and argue with their governments the wisdom of their path.

    So now what do people want? Do they want to be crazy; greedy; irresponsible; or vulnerable?

    If people look deep inside their souls the answer will be definitely obvious.

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