• Hungary pays off its debt, prints debt-free money and tells IMF to pack and get the fuck out of the
    42 replies, posted
First Iceland, and now Hungary, are now embarking on a Sovereign Money road to monetary independence. They are both telling the IMF and other international bankers from the EU that "Thanks, but no thanks for your debt money, we can make our own debt-free money." [url]http://americanfreepress.net/?p=12418[/url] I wish more countries do this. *cough- USA- cough*
The idea of an entire country to me that is debt free is simply stunning to me. Simply wonderful though to imagine. Best of luck to Hungary and Iceland, hope they can keep that debt off!
[QUOTE=Chihuahua;42115092]The idea of an entire country to me that is [B]debt free is simply stunning to me[/B]. Simply wonderful though to imagine. Best of luck to Hungary and Iceland, hope they can keep that debt off![/QUOTE] its fucking weird to hear, and that's sad
[quote]Not since the 1930s in Germany has a major European country dared to escape from the clutches of the Rothschild-controlled international banking cartels. This is stupendous news that should encourage nationalist patriots worldwide to increase the fight for freedom from financial tyranny. [/quote] This is one of the best news sites I have ever seen.
[QUOTE=Gordy H.;42115105]This is one of the best news sites I have ever seen.[/QUOTE]
The frontpage of this website is hilarious.
[quote]who sold the nation’s people into unending debt slavery under the lash of the International Monetary Fund (IMF) and the terrorist state of Israel.[/quote] I mean israel has done some bad shit but they're not terrorists.
[QUOTE=Gordy H.;42115105]This is one of the best news sites I have ever seen.[/QUOTE] Not in mainstream media yet but the story is legit and wonderful.
[quote=Article]Ronald L. Ray is a freelance author residing in the free state of Kansas. He is a descendant of several patriots of the American War for Independence.[/quote] You don't see many reporters on sites put this as their thing.
"Oy vey! It looks like those dirty Hungarians are at it again!" says the IMF banker as he cruelly feeds a baby into a furnace and twirls his top hat. In all seriousness, what is bad about debt again? The point behind borrowing money is that you use it to fund expansion of the economy and to stimulate spending during a recession.
[QUOTE=Sobotnik;42115146]"Oy vey! It looks like those dirty Hungarians are at it again!" says the IMF banker as he cruelly feeds a baby into a furnace and twirls his top hat. In all seriousness, what is bad about debt again? The point behind borrowing money is that you use it to fund expansion of the economy and to stimulate spending during a recession.[/QUOTE] Having a big surplus of cash not doing anything is pretty shit for the economy whether it be no-one buying up private capital or the government hoarding cash for surplus wanks. A bit of public debt gives flexibility and won't drive down the private sector needlessly
Ok I'm pretty sure this source is anti-semitic now. [quote]Not since the 1930s in Germany has a major European country dared to escape from the clutches of the [b]Rothschild-controlled international banking cartels.[/b][/quote] Lmao Rothchild bullshit. [quote]who sold the nation’s people into unending debt slavery under the lash of the International Monetary Fund (IMF) and the terrorist state of Israel. Those earlier administrations were riddled with Israelis in high places, to the fury of the masses, who finally elected Orbán’s Fidesz party in response.[/quote] I wouldn't be exaggerating if I said this is an anti-Semitic source.
Hahah what a fucking hilarious website
Those ads on the right :v:
[quote]The only step remaining, which would completely destroy the power of the banksters in Hungary, is for that country to implement a barter system for foreign exchange, as existed in Germany under the National Socialists.[/quote] [img]http://i.imgur.com/aZFmsAr.png[/img] This just keeps getting better and better.
So looking and can't seem to find a source on them paying back their entire national debt. Only thing I could find was the fact that hungary repaid the funds it received from the IMF. That's about it.
[url=http://www.imf.org/external/np/sec/pr/2013/pr13306.htm]A source that isn't shit.[/url] Also, paying off IMF loans has nothing to do with their public debt, which is 81% of their GDP, if you don't know.
[QUOTE=wraithcat;42115204]So looking and can't seem to find a source on them paying back their entire national debt. Only thing I could find was the fact that hungary repaid the funds it received from the IMF. That's about it.[/QUOTE] That makes a lot more sense. The IMF is hardly the source of all debt, but it follows that someone talking about barter for foreign exchange has no idea what they're talking about. [QUOTE=ExplodingGuy;42115213][url=http://www.imf.org/external/np/sec/pr/2013/pr13306.htm]A source that isn't shit.[/url] Also, paying off IMF loans has nothing to do with their public debt, which is 81% of their GDP, if you don't know.[/QUOTE] Oh wow, that bad? Good they've paid off some loans but are they running a surplus or are things just going to get worse?
[QUOTE=Devodiere;42115239]Oh wow, that bad? Good they've paid off some loans but are they running a surplus or are things just going to get worse?[/QUOTE] Deficit spending works. It's what got America out of the Great Depression.
[QUOTE=Devodiere;42115239]That makes a lot more sense. The IMF is hardly the source of all debt, but it follows that someone talking about barter for foreign exchange has no idea what they're talking about. Oh wow, that bad? Good they've paid off some loans but are they running a surplus or are things just going to get worse?[/QUOTE] The hungarians are currently running at a deficit. Was 8.5% in 2012 I believe. Which makes sense, considering the pan-european economic crisis which would lead to smaller tax returns. [editline]8th September 2013[/editline] [QUOTE=RenegadeCop;42115174]It can get out of control, and it's better to have no debt at all. See: USA[/QUOTE] Actually debt is generally good. There's a reason why most companies don't use their cash reserves but go for a debt and promptly pay it off. It gives you more security, flexibility and you have the cash when you need it as opposed to just trickling in. The debt the US has also isn't out of control really. Compared to some nations. It mostly depends on how volatile said debt is.
[QUOTE=Sobotnik;42115177]Ok I'm pretty sure this source is anti-semitic now. Lmao Rothchild bullshit. I wouldn't be exaggerating if I said this is an anti-Semitic source.[/QUOTE] I thought your JIDF avatar was sarcastic
[QUOTE=katbug;42115352]I thought your JIDF avatar was sarcastic[/QUOTE] Any conspiracy theory involving the Rothschilds is automatically anti-Semitic. Pretty much the whole reason people hate that banking family in particular and claim that they control the worlds banks is because the Rothschilds just so happen to be Jewish.
lmao sensationalist headlines is just getting worse every day
[QUOTE=Chihuahua;42115092]The idea of an entire country to me that is debt free is simply stunning to me. Simply wonderful though to imagine. Best of luck to Hungary and Iceland, hope they can keep that debt off![/QUOTE] youre supposed to have debt
IMF? Impossible Missions Force?
Yay finally! We are debt ridden! Watch the HUF rise from 301 to 299
[QUOTE=OrDnAs;42117075]lmao sensationalist headlines is just getting worse every day[/QUOTE] Or just getting truer to it's name. It's bad anyway.
Is this the Murican version of Russia Today?
[QUOTE=trotskygrad;42115117]I mean israel has done some bad shit but they're not terrorists.[/QUOTE] Hate to break it to you, mate, but they're fucking around in other countries against UN mandates, instigating insurgencies, and they've conducted piracy in international waters. Not really different from what the US does, but they're smaller and meaner, so they get called a terrorist state without it being hyperbole.
[quote]Ronald L. Ray is a freelance author residing in the free state of Kansas. He is a descendant of several patriots of the American War for Independence.[/quote] a sovereign citizen of kansas whose fighting the american war for independence best website ever
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