As I said it on numerous occasions: the government takes money from one of his pockets and puts it in another one. In the meantime banks get rich by taking money from the taxpayers. Now in Europe also.
Europe borrows from Peter to lend to Peter
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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." |
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