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Archive for the ‘Finance’ Category

The US Dollar ‘game’

Saturday, September 15, 2012 @ 09:09 PM
Dr Ioannis Syrigos

How is it possible a country with $1.16 trillion deficit to be considered as an economy that grows? And the deficit is more than 1 trillion for the fourth consequent year.

Similar situation but with smaller numbers exists in Europe.

And the solution  is printing more and more money out of thin air. Fed and ECB follow exactly the same path. And instead of solving the problem, they make it grow bigger and bigger. The gap between social classes grows bigger and bigger.