The World Economy Beast is beyond your control, Ge
Jun 17, 2012 6:53:09 GMT -5
Post by popcorn on Jun 17, 2012 6:53:09 GMT -5
The World Economy Beast is beyond your control, George
Osborne
From central banks which will have to print gigantic amounts of money to replace all the money that simply disappeared in the bad debt that bankrupted the banks in the first place. And if we all agree to accept the illusion that this newly printed cash has actual value – if we all clap really hard and say that we believe in fairies – then the whole show can get back on the road and we will be rich again.
But what will be required is a world-wide agreement to participate in the illusion. It will rely on every country, and every government, and every electorate, being prepared to say: “Wealth can come from thin air. It doesn’t need any basis in real income or assets to make it viable.” If the population or the political leadership of one country (Germany) insists that money must be earned before it is spent, then the game is up and Tinker Bell dies.
www.telegraph.co.uk/news/worldnews/europe/eu/9335430/The-World-Economy-Beast-is-beyond-your-control-George-Osborne.html
Osborne
From central banks which will have to print gigantic amounts of money to replace all the money that simply disappeared in the bad debt that bankrupted the banks in the first place. And if we all agree to accept the illusion that this newly printed cash has actual value – if we all clap really hard and say that we believe in fairies – then the whole show can get back on the road and we will be rich again.
But what will be required is a world-wide agreement to participate in the illusion. It will rely on every country, and every government, and every electorate, being prepared to say: “Wealth can come from thin air. It doesn’t need any basis in real income or assets to make it viable.” If the population or the political leadership of one country (Germany) insists that money must be earned before it is spent, then the game is up and Tinker Bell dies.
www.telegraph.co.uk/news/worldnews/europe/eu/9335430/The-World-Economy-Beast-is-beyond-your-control-George-Osborne.html