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This Is the First Time In History that All Central Banks Have Printed Money at the Same Time … And They’re Failing Miserably | ZeroHedge -
2012-05-06 19:03:29 GMT
"Mainstream Keynesian economists argue that the failure of the European austerity measures to pull Europe out of the doldrums proves that more stimulus is needed, and that austerity is poison at this stage. Indeed, most mainstream economists pretend that debt doesn’t exist … or believe that debt for its own sake is good and necessary. But Martin Weiss noted last month:"
«Congressional Research Service estimated the cost of all of the major wars our country has fought in 2008 dollars. The chart above shows that the entire cost of WWII over four to five years was less than half the current pledges made by Paulson and Bernanke in the last three months!»
«the IMF performed a complete audit of the whole US financial system during Bush’s last term in office – something which they have only previously done to broke third world nations»
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