To: BooBoo1000
I was listening to Jim, Rogers the other night, the talking head asked him, what if Greece defaulted. Jim said It would be the best thing that could happen. They would get rid of all of their debt, they could start over. Their money would be some of the strongest in Europe, so bring it on Might work for the U.S. as well
I have thought about that. One problem is we need a complete change in government or we will compound the problem further. The second problem is the invested retirement assets in treasuries. These will be hard assets that will be destroyed. I believe that will be the natural end product of the current course of events.
35 posted on
07/17/2011 12:05:09 AM PDT by
PA Engineer
(SP/AW12: Time to beat the swords of government tyranny into the plowshares of freedom.)
To: PA Engineer
I have thought about that. One problem is we need a complete change in government or we will compound the problem further. I've seen people spend themselves into bankrupcty, fail to change their behavior and go right back into bankruptcy. If we don't have a change in behavior the spending will only continue.
36 posted on
07/17/2011 4:32:34 AM PDT by
driftdiver
(I could eat it raw, but why do that when I have a fire.)
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