Concern the expansion of the bailout fund I can easily understand Slovakia’s position. Greece was not poorer than Slovakia at the moment of the entry in the European Union, if Greece have so much problem is the consequence of a mismanagement of funds. During years and years thousand of Greek had never paid any tax on the salary or on the accommodation, cause there were no way for the government to control it and to punish cheaters. I think that it’s a big part of the Greek crisis.
About the notation agency, such as Standard & Poors or Moody, it’s difficult to understand that an agency can make pressure on a whole country with a good or a bad mark. It’s really incredible the power of a decision of one of this agency. In fact it’s only an analysis of the economic situation at a moment, it would not say “it will go bad” but only “at this moment economic situation was like this..”. So it would not have an impact on our future situation in fact, but with speculation it has a real impact on economy, coz there is no pragmatism.
About the debt crisis in general terms, I really disagree with the economic system. I’m of those who think that private banks have too much power on our economic situation. They always get more and more money with the investment of our saves (not the investment of their money), and when they have problems like during 2009 (Madoff crisis), it’s the citizen which have to pay (indirectly) to save private banks and in the same time banks continue to mismanage money.
And on my mind the problem is not only based between private banks and client, but between private banks and country economy too. We have to know that before 1973 and the “Rothschild law” it was the national bank which lent fund to France, there was no interest on the amount of this loan. This system was not good coz it generated too much inflation. After this famous law in 1973, France can’t have money to the national bank, but to private bank. And private banks don’t lend their money, but in fact national bank lends money to private banks which lend money to France. The national bank lends money without interest, and the private banks lend money to France with interests on the amount. With this system privates banks make really lots of money rather easily, and our debt tend to increase. So, the French debt is approximately 1,700 billion euros, and the total amount of our interests is approximately 1,300 billion euros. Without this law in 1973 this interests wouldn’t exist. It is our economic system, it is quite the same in the USA, the country take money to “the federal bank” which is not really a national bank in fact (property of 12 private banks…).
In my mind we’d better to change this law, not to go back like it was before coz it wasn’t good, but to think on a mix between this two economics system. I’m almost pessimist on the case of the debt crisis if we continue to allow so much power to private banks.
About the notation agency, such as Standard & Poors or Moody, it’s difficult to understand that an agency can make pressure on a whole country with a good or a bad mark. It’s really incredible the power of a decision of one of this agency. In fact it’s only an analysis of the economic situation at a moment, it would not say “it will go bad” but only “at this moment economic situation was like this..”. So it would not have an impact on our future situation in fact, but with speculation it has a real impact on economy, coz there is no pragmatism.
About the debt crisis in general terms, I really disagree with the economic system. I’m of those who think that private banks have too much power on our economic situation. They always get more and more money with the investment of our saves (not the investment of their money), and when they have problems like during 2009 (Madoff crisis), it’s the citizen which have to pay (indirectly) to save private banks and in the same time banks continue to mismanage money.
And on my mind the problem is not only based between private banks and client, but between private banks and country economy too. We have to know that before 1973 and the “Rothschild law” it was the national bank which lent fund to France, there was no interest on the amount of this loan. This system was not good coz it generated too much inflation. After this famous law in 1973, France can’t have money to the national bank, but to private bank. And private banks don’t lend their money, but in fact national bank lends money to private banks which lend money to France. The national bank lends money without interest, and the private banks lend money to France with interests on the amount. With this system privates banks make really lots of money rather easily, and our debt tend to increase. So, the French debt is approximately 1,700 billion euros, and the total amount of our interests is approximately 1,300 billion euros. Without this law in 1973 this interests wouldn’t exist. It is our economic system, it is quite the same in the USA, the country take money to “the federal bank” which is not really a national bank in fact (property of 12 private banks…).
In my mind we’d better to change this law, not to go back like it was before coz it wasn’t good, but to think on a mix between this two economics system. I’m almost pessimist on the case of the debt crisis if we continue to allow so much power to private banks.
