tag:blogger.com,1999:blog-7530776363222965313.post2759799444578483421..comments2023-10-07T13:16:34.756+02:00Comments on Simon Thorpe's Ideas on the Economy: The ultimate solution to Portugal's National Debt CrisisSimon Thorpehttp://www.blogger.com/profile/02605233720415886802noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7530776363222965313.post-51269003902433774322012-06-28T12:05:26.910+02:002012-06-28T12:05:26.910+02:00Thanks for the reply. It's remarkable how the ...Thanks for the reply. It's remarkable how the solution lies within the very mechanism that allows banks to create money as debt, eventually siphoning their customers' resources to their own payroll. Alas, I'm too much of a cynic to believe people could ever unite to this point, even if to save themselves. The government would have to require that of them, but we all know who actually governs...Simon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.comtag:blogger.com,1999:blog-7530776363222965313.post-76748682287429647442012-06-27T14:50:16.280+02:002012-06-27T14:50:16.280+02:00 Well, that's the average value. If some gener... Well, that's the average value. If some generous philanthropist wanted to save his/her country from the banks, they could put up the money. <br /><br />Actually, it turnes out that with the new Basel III regulations, leverage ratios can be increased to 33:1. That means that the amount per person could be divided by nearly 3. <br /><br />And, as I suggest, the government could actually refund those people who were involved in the following 2-3 years using the savings from not having to pay bank interest charges on the debt.<br /><br />SimonSimon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.comtag:blogger.com,1999:blog-7530776363222965313.post-37372044260876280382012-06-27T11:00:48.469+02:002012-06-27T11:00:48.469+02:00Where on Earth does each citizen have €1,253 to sp...Where on Earth does each citizen have €1,253 to spare?Simon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.com