RE: Greece should never been part of the Euro.
For that Goldman Sachs shares part of the blame.
In 1999, They helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country’s already bloated deficit.
Eventually, you cannot escape what’s coming to you.
Just as the USA will not escape what’s coming to her. It’s only a matter of time.
You are correct. And when we find out how much debt including unfunded liabilities, especially public and private pensions; the American people will be stunned.
Central Banking kills