Skip to comments.How shock waves will hit US if Greece drops euro
Posted on 06/16/2012 2:22:35 PM PDT by Evil Slayer
NEW YORK (AP) -- The unthinkable suddenly looks possible.
Bankers, governments and investors are preparing for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system.
(Excerpt) Read more at hosted.ap.org ...
Sometimes I wonder is this is exactly what the Soviets wanted. Destroying Europe without firing a shot.
Sometimes I wonder if this is exactly what the Soviets wanted. Destroying Europe without firing a shot.
The Soviets did not create the Euro.
The European Union is a soviet (government of councils).
I believe ex-KGB agent Yuri Bezmenov had quite a lot to say about the Soviet Union and it’s on-going plot to take over the world. We think we won the Cold War; I’m not sure Bezmenov saw it that way.
Somehow I just don’t think it will be all that bad.
You are correct, I do believe.
I think the KGB is probably amazed that the propaganda organs they set up in the West have been so spectacularly successful. Not only did they outlast the Soviet Union, they do seem to be accelerating the decline & fall of Western civilization. And this occurred in spite of the obvious failures of communist states and Marxist ideology.
Concur. I think all European countries would be better off if they rule themselves. Going back to muliple currencies will be annoying, but its a small price to pay. The EU buresucracy in Brussels (as well as the UN) is probably quaking in their boots over this.
somehow obama will blame bush and take credit for saving the world from economic collapse.
I strongly doubt this will happen. The bankers/investors will lose hordes of money, as they should. They are the ones who caused most of this mess! They are the ones who convinced Bush to give in to bank rescue plan, when it should have been allowed to fail. Stupid investors/bankers + stupid politicians.
The sky will not fall!
This is a financial version of the discussion in Blade Runner:
Tyrell: [Tyrell explains to Roy why he can’t extend his lifespan] The facts of life... to make an alteration in the evolvement of an organic life system is fatal. A coding sequence cannot be revised once it’s been established.
Batty: Why not?
Tyrell: Because by the second day of incubation, any cells that have undergone reversion mutation give rise to revertant colonies, like rats leaving a sinking ship; then the ship... sinks.
Batty: What about EMS-3 recombination?
Tyrell: We’ve already tried it - ethyl, methane, sulfinate as an alkylating agent and potent mutagen; it created a virus so lethal the subject was dead before it even left the table.
Batty: Then a repressor protein, that would block the operating cells.
Tyrell: Wouldn’t obstruct replication; but it does give rise to an error in replication, so that the newly formed DNA strand carries with it a mutation - and you’ve got a virus again... but this, all of this is academic. You were made as well as we could make you.
Batty: But not to last.
Tyrell: The light that burns twice as bright burns for half as long - and you have burned so very, very brightly, Roy. Look at you: you’re the Prodigal Son; you’re quite a prize!
Batty: I’ve done... questionable things.
Tyrell: Also extraordinary things; revel in your time.
Batty: Nothing the God of biomechanics wouldn’t let you into heaven for.
>>The Soviets did not create the Euro.<<
They didn’t have to.
When your enemy is making a mistake, do not stop him.
Yawn... the article is designed to frighten, yet the acting in it is worse than in the new Prometheus movie.
Let Europe fail. They want to default on their debt anyway. That is what they will get out of this crisis.
The goal was to set up the Euro as the world's reserve currency: crash the dollar, and buy American assets cheap with printed money without inflationary consequence. They couldn't sustain the welfare state long enough for America to implode.
Saddam Hussein threatened to go to the Euro for oil purchases. Within weeks Bush was pitching to take down Iraq.
It’ll work out for the Greeks ....let ‘ em have their drachma
One way or another American taxpayers will get screwed by participating in trying to rescue Europe from their financial mess. My guess is massive U.S. involvement via borrowed money and the printing presses.
They’ll call it investing in our future. Obama will become the hero of Europe at the expense of U.S. citizens until after the election when it all falls apart again.