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RE: Eurozone Debt Reaching CATASTROPHIC Levels Warns Moody's!

in #money7 years ago

The solutions section is on point. I would add any debt to a central bank operating on a fractional reserve with a fiat currency is illegitimate & should be ignored as they have no concideration in the contract/transaction. There would be economic hardship in the short term but the people will recover quickly & benefit in the long run.

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