Thread: The Euro Roach Motel

You check in but you don't check out, that is the criterion of the Euro currency. One solution is for Greece to do a runner and ask for the bill to be forwarded to their receivers. In that case would the dominos start falling ?

http://www.nytimes.com/2011/10/07/bu...1&ref=business

Good piece. Greece could implement the same game plan Argentina did but watch the dominos fall one-by-one with the rest of the PIIGS.

Originally Posted by BalaBeacher

Good piece. Greece could implement the same game plan Argentina did but watch the dominos fall one-by-one with the rest of the PIIGS.

and after the PIIGS, the rest of the world , did you buy some gold and silver ? the show might just be starting sooner than you think . and be sure to buckle up , it might get rough .

here is something to read , and it is very eye opening , ......http://www.wolf1168.us/misc/Articles...ney%20Dies.pdf

I look for the more massive money printing by the cental banks to try and cope with this problem. The question is where does it end? Naked makes a good point about the fate of fiat currencies going forward. I have 2 Germans in my spanish course and both are pissed at the prospect of a German bailout. one young man is 18 the other 22, both don't want to pay for the Socialist bailout of Greece and the rest of Europe. I pointed them to an article that suggests Germany is quietly printing D- Marks just in case the Euro collapses. They loved the idea of reverting to a strong German Mark again!!

Here is the idiot's guide to the European debt problem.

Guest Post: How To Explain Greece To A Complete Idiot / Politician | ZeroHedge

That reminds me of what the CEO of Washington Mutual said a few days before they went bust - "The bank has never been more solid. Our finances have never been stronger."

Originally Posted by EdBowers

Here is the idiot's guide to the European debt problem.

Guest Post: How To Explain Greece To A Complete Idiot / Politician | ZeroHedge

The story needs expanding on though as Hans also needs to sell his produce to George and George is borrowing more money from Pierre than Hans but Pierre has borrowed some of that money from Hans in the first place. George is also borrowing from people like Hank who don't live very close and then they are also speculating with derivatives.

Originally Posted by Contrail

That reminds me of what the CEO of Washington Mutual said a few days before they went bust - "The bank has never been more solid. Our finances have never been stronger."

When a cabinet minister is in some kind of trouble and the Prime Minister says "I have full confidence in my minister" you know that that's him gone.