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It's a race to the bottom and it's a race where everyone loses.
1 posted on 11/19/2011 8:00:58 PM PST by Kartographer
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To: Kartographer

We’ve been hearing this kind of blather for so many years that I get vertigo every time this type of headline is posted. What a joke.


2 posted on 11/19/2011 8:09:11 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Kartographer

When the investors sell these bonds,who’s stupid enough to buy them?


3 posted on 11/19/2011 8:11:16 PM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Kartographer

EU will implement rules to prevent the movement of Euros from weak nations to strong nations. Greeks have been moving their money from their own weak banks to the ones in Switzerland. Fearing the collapse of Greece and thus the repayment of recent EU bailout, the union is pressuring the Swiss banks to return the Greek accounts back to the Greek banks. Now Greeks are contemplating buying gold to preserve their wealth. The EU may be pressuring the Greek government to outlaw the ownership of gold. If well to do astute Greeks are trapped then they will join the rest of Greece in an armed revolt because the EU is basically mandating the end of their personal/family wealth and future. When you lose everything you lose it. This also bodes ill for Americans if our system is starting to collapse. Will the US gov prevent Americans from moving money overseas or outlaw the ownership of gold???? Desperate gov and institutions will break every promise to preserve themselves. Just look at MF Global.


4 posted on 11/19/2011 8:11:56 PM PST by Fee
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To: Kartographer

gosh, how can that be when those europeans are so-o-o

intelligent.

why, our comrade obama is following their socialist system.

/s


5 posted on 11/19/2011 8:12:20 PM PST by ken21
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To: Kartographer

This was already posted here a couple of hours ago.


6 posted on 11/19/2011 8:13:09 PM PST by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Kartographer

This is a direct response to the actions of EU governments but the banks will be branded by the bad guys. same old same old.


8 posted on 11/19/2011 8:32:14 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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