If it were to happen in the US, our government would have no contingency plans in place. However, fear not! Ray Nagin would be put in charge of disaster recovery — after all: he’s black.
Not only could, would.
The wonderful world of EUrtopia
My older brother lives/works in Germany.I’ve warned him not to stay too long if the situation starts to deteriorate.
I thought this was just a hobby ping
China will fall like a house of cards. This is wild!
Gold? Silver? Or is it too late to invest in them?
Will gold and silver not even be worth it to purchase since you can’t “eat” it.
What to do, what to doooooo!!!???!!!
We’re in worse shape than Europe. There’s way too little manufacturing for sustainable revenues to pay government debt here. Our USA and nearly all of its local governments are heading for the inevitable end of this default process and repudiation.
When attention turns to the realities of our own debt, further bloated by too much money from foreigners stuffed into our essentially worthless bonds, the dollar will drop like a rock.
with obama as pres, probably, that is his goal to bring us to our knees.
Watch the fun. If debt is stated in Euros, people and countries will be free to negotiate repayment terms in successor currencies. Owe you 100,000 Euros, well I’ll give you 5,000 DM to pay it off or you get nothing. It will be unbelievable when it happens.
Everywhere, unfortunately.
Some quotes from the words of George Washington:
“Why, by interweaving our destiny with that of any part of Europe, entangle our peace and prosperity in the toils of European ambition, rivalship, interest, humor or caprice?”
“Nothing is more essential, than that permanent, inveterate antipathies against particular Nations, and passionate attachments for others, should be excluded...The Nation, which indulges towards another an habitual hatred, or an habitual fondness, is in some degree a slave. It is a slave to its animosity or to its affection, either of which is sufficient to lead it astray from its duty and its interest.”
Americans are different (most anyway) we don’t like to use the toilet in our living room.
Only Socialist/commie/fascist like that.
The anarchist can’t wait to destroy Europe. Holding molatov cocktail making parties as we type.
IMO the Euro was just an attempt by the Europeans to displace and harm the dollar, It almost worked.
Now if we could just stop printing money that is worthless,and get rid of the Obama administration that helped make it worthless,perhaps it would make a comeback.
I am going to make a fortune shorting the Euro and going long on Confederate dollars.
I wonder what countries can revert back to their old currency.
I left Slovakia in Jan. 09, and they had just that week gone
on the Euro.
I presume they still have a stock of Slovak Krounas.
Fortunately, I have less then 25 Euros left in my Slovak bank account.
The riots will last as long as there is still stuff for the rioters to loot. After that, all the rioting in the world won’t get the animals free stuff from the government any more. Then they’ll have to go home and try to figure out what to do next. The end.