Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

German Chancellor: “There’s A Rumor Going Around That States Cannot Go Bankrupt. This Rumor Is Not True.”

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

George Washington’s Blog
Tuesday, Feb 3, 2009

In an article entitled “Can Countries Really Go Bankrupt?“, Germany’s leading newspaper, Der Spiegel, boldly addresses the fact that the financial crisis might cause a number of countries to go bankrupt.

The article contains the following quote:

“There’s a rumor going around that states cannot go bankrupt,” German Chancellor Angela Merkel said recently at a private bank event in Frankfurt. “This rumor is not true.”

Merkel is not alone in saying this. The Spiegel article quotes two top American economists – Carmen Reinhart and Kenneth Rogoff – who say that states might go bankrupt because they do not understanding the financial crisis, and are repeating mistakes from the past:

It would be an illusion to believe that countries have learned from their past mistakes, US economists Reinhart and Rogoff warn. In fact, another state could go bankrupt at anytime and take its people down with it.

This article was posted: Tuesday, February 3, 2009 at 4:44 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

The Truth About Soy Boys See the rest on the Alex Jones YouTube channel.

The Truth About the Sex Abuse Scandal See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/FTSvLKY7HEk https://www.youtube.com/embed/BjUnC7-PDWI

© 2017 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.