It's All Greek to Me
What does the problems in Greece mean for you and me?
What does higher taxes and more inflation in the EU mean for you and me?
You need to understand the big picture; the world is on the same banking system.
The European Central Bank has the same function as the US Federal Reserve. And the International Monetary Fund (IMF) is the Fed for the world of central banks. We the people have to pay interest for every dollar,euro,yen, or peso printed out of thin air.Those interest payments come from our taxes.
Inflation is what the world's central banks want. If the world's central banks and the IMF fail to halt deflation, the world will fall into a depression. Deflation isn't the name of the game for central banks. Inflation is.
So,again, what does Greece,Spain, and Portugal mean to you and me? It means the central banks of the world are printing more money,creating more debt,expecting more interest payments from our taxes, and making life more difficult for those who operate the old rules of money, rules such as work hard, save money, and get out of debt.
Today, there are many books about the financial crisis, and most people know that the central banks are printing money. Yet, very few people know what to do... It's about printing your own money,just as the central banks are doing...legally.
