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Originally posted by mirageofdeceit
Remember that the only reason France and Germany are stepping up to the plate in the first place is because they hold the majority of Greek debt.
Originally posted by undo
reply to post by In nothing we trust
when the economy tanks and the banks close, and there are no jobs, and the gov is broke, the only type of person with a life expectancy are young, healthy males. everyone else is walking a tight rope
Originally posted by OBE1
Some thoughtful posts in this thread...thanks.
Public debt as a % of GDP....
[atsimg]http://files.abovetopsecret.com/images/member/0fd6fcd5390f.gif[/atsimg]Courtesy of Pimco February 19/2010.
**Unfunded US liabilities: Social Security, Medicare, Medicaid and Government sponsored pension funds not included**
As the remaining "Ring of Fire" public debt approaches 90%/GDP , I expect to see continued currency devaluations against the price of Gold....but who am I to say ? As a 63yr old senior who's been out of the work force for 9yrs...I'm just another "useless eater"...a burden on society
Listen-up congresspersons:
January 2008: Moody's says overspending threatens U.S. debt rating
Ok...one more time:
February 2010: US credit rating at risk, Moody's warns
Three strikes
and you're out ?
Originally posted by undo
when the economy tanks and the banks close, and there are no jobs, and the gov is broke, the only type of person with a life expectancy are young, healthy males. everyone else is walking a tight rope
Originally posted by Majic
Age And Treachery
Originally posted by undo
when the economy tanks and the banks close, and there are no jobs, and the gov is broke, the only type of person with a life expectancy are young, healthy males. everyone else is walking a tight rope
Actually, the almost inevitable result of economic problems on the scale we're witnessing is war.
And in war, the persons with the lowest life expectancies are young, healthy males.
Originally posted by Majic
Age And Treachery
Originally posted by undo
when the economy tanks and the banks close, and there are no jobs, and the gov is broke, the only type of person with a life expectancy are young, healthy males. everyone else is walking a tight rope
Actually, the almost inevitable result of economic problems on the scale we're witnessing is war.
And in war, the persons with the lowest life expectancies are young, healthy males.
Hell it even falls into a quazie John Titor timeline.
Originally posted by TheCoffinman
but the greeks are panicking..
www.guardian.co.uk...
Militant trade unionists blockaded the entrance to the Athens stock exchange today as millions of striking Greek workers prepared to pour on to the streets to protest against austerity measures aimed at ending a debt crisis that has sent tremors through the eurozone.
The demonstration, by protesters affiliated to the communist party, came on the eve of a 24-hour general strike that is expected to bring Greece to a standstill.
online.wsj.com...
Wealthy Greeks are pulling their money out of local banks and sending it abroad, fearing increased government scrutiny on assets and a run on the banks if Athens is forced to turn to the International Monetary Fund, according to private bankers and other people with knowledge of the situation.
LONDON (Reuters) - Italy did more than Greece to mask the state of its finances to secure euro zone entry, Greek Deputy Prime Minister Theodoros Pangalos said, adding that Germany's history made it ill-placed to criticise his country.
Pangalos criticised Germany's attitude towards the Greek crisis, saying Athens had never received compensation for the economic impact of the Nazi occupation during World War Two. "They took away the Greek gold that was at the Bank of Greece (Stuttgart: 910622 - news) , they took away the Greek money and they never gave it back. This is an issue that has to be faced sometime in the future," he said.