So what are your thoughts now that it appears a conservative leadership has been elected to take over Greece's economic meltdown? Will they honor their debts to the EU? Will they end up taking down the UK and western world, including Australia, the United States and the rest of the world?
Greece is just a small symptom of a world wide banking debt cancer.Mainly centered in America. If the world goes down,its not Greece to blame. So they have put a small band aid on Greece. Makes no difference.
Its a mess... there are no solutions only outcomes, the outcomes get worse as can kicking continues. It'll be last man standing. If a house is collapsing it is best to get out, if the world economy is collapsing it is best to...
Now there's an interesting little point in hand right there. And one that Obama is using and will use on a more consistent basis over the next few months. Blame Greece, blame Iceland, blame Ireland, blame Spain, blame Italy, blame the UK, blame France, blame Holland, blame Germany etc etc for the woes of the Western world and for taking our good country down. Stuff it, it's got to be China's fault as well somewhere along the line. Now, just remind me, wasn't Lehman Brothers a US firm?
I can't see the economic crisis taking down the world. The only way that will happen is by detonating all nukes everywhere. Financially, power will shift, just need to try and prepare for power shift.
I think Nigel Farage explains recent events rather eloquently in relation to the Spain, Greece and Italy. [youtube]http://www.youtube.com/watch?v=K4ElFN77nkg[/youtube] As for the UK and USA (and Australia). We live in a very connected world, even more so since the Great Depression 1.0 A little bit difficult to pick and choose whos economy is NOT going to tank. Other than the obvious ones. Cheers
Blame Holland? Hell no! We did not want the euro, our people voted against it. The Eu powers in Brussel forced to use it. (Just some info :/) Maybe it isn't that bad to it''s China's fault Dutchgreener
No one has been elected - a coalition has to be formed and that will need to between between New Democracy and Pasok. This is a socialist party uniting with a right wing party to form a government, akin with the Greens forming a coalition with the liberals/nationals. Does anyone seriously think this will work? These are the 2 parties that have been ruling Greece for years. They got Greece into this mess and now they're going to form a coalition to save Greece. Hilarious! On another note, the main stream media has been reporting this as a win for Greece staying in the Euro and most of them reported that Greece has voted a government in. Greece has done nothing of the sort! Greece will exit the euro or the euro will exit Greece. It will come sooner or later. But we can kick the can down the road for at least 3 days whilst these bozos try to sort out a government. And notice how the relief rallies are getting shorter and shorter. Today's rally lasted about 2 hours before reality set back in. The Euro crisis is really kicking into high gear.
I blame debt, no matter how you spin it debt is a mathematical equation to steal wealth from the future and it HAS to have an exponential blow off which is almost guaranteed to get a lot of people killed. Now a lot of people will say debt is great, they usually have experienced most of their experience of debt within the slow ramp i.e. they did the stealing... why wouldn't debt be the best thing out for them. The people that dislike debt are the one that have had their wealth stolen by those in the past i.e. those in the blow off phase.
In theory, debt is just purchasing now backed with promise of future productivity. In simpler terms, bringing future money now. But in reality, most people just really suck at handling money and debt. I think it is more of the mentality of the people at fault rather than debt itself. Debt can really help kickstart a lot of good ideas.
One of problems is when people borrow debt to fund their current life styles and leave the paying it of to those that come after them. Tragedy of the commons type of thing. I don't buy the BS that debt kick starts good ideas, in fact cheap credit = not thought into prudential investment = squander and waste
http://blogs.telegraph.co.uk/financ...eek-agony-drags-on-as-asphyxiation-bloc-wins/ I don't always agree with Ambrose Evans Pritchard, but he is by far and away the best English speaking journo who regularly commentates on the Euro.
We done it for the last generation & you will do it for the next & the cycle continues. Debt is a tool that if used wisely can kickstart & sometimes turbocharge good ideas . Im sure theres lots of well known big names in business that still use debt . Lets not confuse government debt with personal debt .
No No NO!! If debt were linear yes that would be possible, but debt is NOT linear! Debt is exponential if usury is charged, the problem is purely mathematical and the maths is not complex. Just take a number compound it by a % and extrapolate it out. 40 years is roughly a fiat systems life span and this is determined by the % and the end is when the graph goes parabolic... simple. 2nd and third decade are always the glory years and 4th decade is time to pay the piper as there is no more stealing to be had... just paying
:lol: no no NO!!!! I have a mental picture of you facepalming yourself .. Well we had a depression in the 1930s & we are still on the fiat system so your 40 year theory is toast. its double that already .
