Serbian SoZ 11 27 10 YouTube sharing

The world economy is doomed to spiral downwards until we do 2 things: outlaw government borrowing; 2. outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a "National Debt". Remember: It's not what backs the money, it's who controls its quantity.

Category:

News & Politics

Tags:

• Serbian
• collapse of the Euro
• Federal Reserve
• Still Report
• Peter Schiff
• crash
• depression
• recession
• gold
• silver
• Bill Still
• inflation
• deflation
• rate
• tax
• interest
• hyper
• ticker guy
• karl denninger
• currency
• ron paul
• system

[philonqi]

Thanks for the Serbian translation, and thanks for exposing these facts.

We in Serbia are pretty screwed up since the establishment of foreign-paid regime; and guess, the 1st thing they did in 2000 is abolishing the three national banks which were the biggest creditors of Serbian economy, and establishing foreign banks!

[bstill3]

@philonqi -- Interesting. I'm sorry to hear about this. Of course, you need to abandon the Euro and return to your own national money and do not allow government borrowing.

[silvermaniamania1]

no wonder bob zelick want gold standard! Soros and Rothschild got tons of gold!