Thanks to William Shepherd: In David DeGraw’s study of the true state of the USA entitled The Economic Elite vs. The People of the United States of America, he argues that the American middle class is being eliminated by a rapacious economic elite, who make up just one percent of the population and represent nobody [...]
Filed under: Economics | Tagged: economic elite, USA | Leave a Comment »
This blog post puts the EU and Greece excellently into the general debt perspective of our system, with central banks and governments as its key players, in a mortal embrace. Remember: the money supply of a nation consists of Cash issued by government as notes and coins – interest-free – raising seigniorage as income Credit [...]
Filed under: Central Banks, Euro, European Central Bank, Government debt, Greece, Nation States | Tagged: EU, Greece, USA | Leave a Comment »
