“Well, once you nationalize private assets, the public debt will lindeed appear lower than it was before confiscation: we give them that much. End result: ‘The Polish pension funds’ organisation said the changes may be unconstitutional because the government is taking private assets away from them without offering any compensation…. ‘This may lead to the private pension systems shutting down,’ said Rafal Benecki of ING Bank Slaski.’ But best of all, in the aftermath of Cyprus, we now know what the two most recent European blueprints for preserving the myth of solvency are: bail-ins, which confiscate deposits, and pension fund ‘overhauls’, which confiscate, well, pension funds.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
A low saturated fat diet 'will not prevent heart disease or prolong life'
Social Security: Muffling the Warning Bells
Electricity prices for German households have increased 61% since 2000 – renewables blamed
IRS sent refunds to 23,994 undocumented immigrants at same Atlanta address
San Diego mayor OK with a certain company's marijuana vending machines
nio Card Adds Bitcoin Payments to its Long List of Features
Rand Paul on Bradley Manning: "I just can’t support that"
What’s It Like to Work for the New York FED?
Honi Soit Qui 'Mali' Pense
The Revolutionary Quantum Computer That May Not Be Quantum at All
Bitcoin Set to Boom in Latin America
Afghan Children Legitimate Targets, Says U.S. Lt. Col., As They Might Have "Hostile Intent"
Total U.S. Public Debt Now Eclipses GDP
We’re Locking Up Fewer Black People and More White People
How You Can Quickly Make It into the World's 1% Richest