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Bank Robbers and Middle-Class Tax Hikes When asked why he robbed banks, William "Willie" Sutton allegedly replied " because that’s where the money is. " The story, however, is false. Although he stole an estimated $2 million over his forty-year career, Horton denied ever saying that
Link: IMF Proposes Eurozone Fiscal Union, Banking Union, Harmonized Employment, Common Unemployment Scheme, Firewall Tax
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Anyway, it’s liquidity full throttle in the Eurozone as well because Draghi Says ECB Will Offer More Long-Term Loans If Needed. “We are ready to use any instrument, including another LTRO if needed, to maintain the short term money markets at the level that is warranted by our assessment of inflation in the medium term,†Draghi said in response to questions from lawmakers in the European Parliament in Brussels today.
I received several emails regarding my post on Risk-Free Banking and Fractional Reserve Lending that I would like to share.
Read More: May Be a "Grand Coalition" Nightmare After All
Originally posted here: FDP Out; Possible CDU Outright Majority; No Grand Coalition