Monday, 3 October 2011
IMF describes savings as "grotesque"
Well, now it's on record. Savings are "grotesque".
Those who stand to gain from the bailouts are its biggest pushers. Only in a debt-based, fiat monetary system can savings be regarded as "grotesque.
Those who stand to gain from the bailouts are its biggest pushers. Only in a debt-based, fiat monetary system can savings be regarded as "grotesque.
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2 comments:
As an individual, savings are your best defence against the state.
Keynes would be proud.
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