Posted on 11/03/2011 6:26:25 AM PDT by John W
The eurozone was destined to be a failure from the outset. Not enough in common. It has created a morass of regulations that have ruined the economies of the member states just like obastard is ruining the economy of these 50.
I wonder if their MPs are playing the stock market? They could make a killing by cooperatively keeping the turmoil going. Pay off their national debt in a few weeks. LOL
The productive people are hostage to the party-peoples' pleasure. Time to cut them off, charming though they be.
Most enter too early, and loose big time - like those buying Greek bonds at 70%, now valued at less than 50%, and likely to get marked down to 20-30% before it is over. One only hears about (and envies) the lucky few who manage to buy at the bottom, and do well = the dirty dogs, not the unlucky many who risk and loose, but serve their part in cushioning a decline. May the saints protect and preserve them, any economic system would instantly fall apart without an abundance of these risk takers.
It is not a rule that assets in a troubled area will be reduced to pennies on the dollar, or recover quickly, and it is a brave soul that picks a spot to commit an investment in a sharply declining market. Sure they rationally expect to win. But they are not to be disdained should they happen to get lucky, and/or choose their entry point wisely, or not. (See MF Global)
We have California, and eventually, we will have to do the same.
Failed states need to fail. They can't recognize their errors until they do. The Greeks are laughing at the rest of the world, scurrying around trying to find money to give them. They know they wont pay it back.
Now that it's in the air at 10,000 feet, good luck with that piece of crap. Euro-Trash ... is still trash.
Ahh, the wonders of socialist economic systems on full FAILDED display for the whole world.
We need to take EVERY opportunity to point out to people that this is what Socialism looks like, and what eventually happens to a country under that system, and to tie Oblabma’s policies directly to it as well - “This is what will happen here if we re-elect him - it’s ALREADY happening.”
At every opportunity...
“..Oh...and I hope I am a kook and am 100% wrong, btw...”
You’re not a “kook”.
You’re a practical, rational American that is paying attention and wide awake. And you are not alone.
Protect yourself, your family and your community as best you can.
LFOD, brother.
Government pensions in the US are similar to the Greek pensions, even more generous. Perhaps everyone in Greece is considered a government employee so they have more generous pensions.
Nooo, I don't think it's a bad thing! In fact, I buy and sell distressed commercial real estate. As you brought up in your good points, that's how the market works. My point was that Jones was saying that the mega-banks created or fueled the Greek crisis on purpose knowing they would get bailed out and then could swoop in and buy up billions in Greek real estate and other assets ultra-cheap.
Did that really happen? I would have no way of knowing but I sure don't trust the big global banks and financial institutions after what I've seen in the last few years. There are probably lots of Soros types out there wrecking countries for profit. Alex Jones is worth listening to just for his anti-globalist rants. He really gets wound up!
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