ACC Archives

Tag: Athens
Germany gained 100 bn euros from Greece crisis: study

German bonds have seen massive inflows during the Greek crisis. Every time Greece got hot more money flowed into Deutschland in a “flight to safety.” This lowered rates. Germany then had cheaper money to play with.

How is the USA like Greece? Both are crony states

Government is inherently crony. That is its nature. It has an inherent tendency toward corruption. Crony entropy. Like water flowing downhill. In Greece we see a relatively poor crony state languishing on the rocks while the Germans pick at its...

The Greek implosion begins?

All because Goldman Sachs subprimed Greece into the European Union years ago. Well, not all because, but Oldy Goldy is a big part of the equation.