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German debt
Message
From
09/01/2012 20:54:34
 
 
To
09/01/2012 18:55:02
Dragan Nedeljkovich (Online)
Now officially retired
Zrenjanin, Serbia
General information
Forum:
Finances
Category:
Credit
Title:
Miscellaneous
Thread ID:
01532458
Message ID:
01532580
Views:
35
>>I don't know that more spending is a solution. Government can certainly keep on spending, but to do that they need to continuously print money and that's a recipe' for hyper inflation.
>
>Used to be, but the rule seems to have been revoked. Just look at your neighbo(u)rs: the Fed are churning trillions for years now, there's a whole bailout/austerity industry now, and the USD just stands.
>
>Or maybe all of the world's money is devalued at the same rate, so we don't notice :). Just looking at the prices of elementary food and gas - they have gone up between 10% and 30% over the last 18 months, and yet the rate of dinar (RSD) vs $ and € is more or less the same. When we arrived, it was 102RSD=1€, then it went all the way up to 107, then down to 97, and then it took it months to get back to 106 (104 today). And the dollar performs similarly - it stood for a while at around 79, then fell to 76 and then very gradually picked up its way to 82 (82.4 today). Which is small, compared with the actual inflation your pocket senses when buying groceries.

Groceries in Canada are up 7%. Would you say that somehow economies are kept running because they are held up by a secret world government bankster organization that pats us on the head and doesn't tell us anything?
I ain't skeert of nuttin eh?
Yikes! What was that?
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