Video: German Government Attacks UK's Rescue Plan of Bailouts and Borrowing
Submitted by UKLooney on Thu, 12/11/2008 - 15:46
German Government Attacks UK's Rescue Plan of Bailouts and Borrowing.
Quote: "The tremendous amount of debt shows a complete failure of policy"
Quote: "We'd spend a generation paying it off"
http://www.youtube.com/watch?v=_OhuXeOt-og
And the pound nose dives against the Euro. Is this also the future of the US Dollar?
Reported on the late news here last night.
Good stuff.
Germany must be doing something right
More deficit spending, bailing out companies and increasing debt will certainly drive all currencies concerned in a downturn.
There is another hint, that German government officials are not joining the Anglo-American concept on how to proceed with this crisis.
Nobel prize winner Paul Krugmann complaint about Germany on his blog as a German problem. By refusing to join excessive bailouts Germans would speculate on a freeride as they would profit from those pumping new debt money into the euro.
If this would prevent other states from doing that, would be fine with me...
link:
http://krugman.blogs.nytimes.com/2008/12/10/the-german-problem/
As a nobel prize winner Krugmann should be in line with the elite's expected solution to the crisis.
Ron Paul 2008 - Truth is simple
Ron Paul 2008 - Truth is simple
I just hope other countries
I just hope other countries would do the same, seems like Germany is the only country iEurope with sane politicians.
Yes but we don't need the
Yes but we don't need the Germans to reaffirm it for us. It is understood by the world.
http://www.federalfallacy.com
http://federalfallacy.com