This is the beginning of something larger.
much larger.

Once these countries go into open revolt here you will have a new war zone with perpetual conflict.

I'm willing to bet they are making constant turmoil around the world to scare us enough into begging for a world govt.

Doesn't the euro collapsing strengthen the dollar? Wouldn't that also mean that the price of gold is going to go down? I mean as the dollar strengthens...?

Originally posted by metaldemon2000
This is the beginning of something larger.
much larger.

edit on 11/9/11 by metaldemon2000 because: (no reason given)

That my friend I think is the understatement of the century if it does in fact come to pass.

Originally posted by onequestion
Doesn't the euro collapsing strengthen the dollar? Wouldn't that also mean that the price of gold is going to go down? I mean as the dollar strengthens...?

edit on 11-9-2011 by onequestion because: (no reason given)

Since gold is traded globally the dollars temporary increase would have little to no negative effect on it. I think gold would soar to new highs, and quickly.

I'm honestly not sure what their game is.. or even what the next step will be.. what seems like logic isn't the path we appear to be on while common sense doesn't seem to be part of the equation.. so I can not help but wonder what their game really is and where we really are going.

With a Greek default, the Euro will take a hit, however the one to watch is not the dollar but CNY. Any gain by the dollar will only be temporary as it will then resume its decline. Germany and France will throw Greece to the wolves and cut their losses as much as possible. Opening the way for the CNY to make a substantial gain. The only remaining question is; Which piig is next?

Germany has tried to enslave Greece by selling it loans to pay previous loans. This has to be war, because Greeks will never surrender to this dirty logic. Balkan countries are too smart to fall into German hands again.

France may have amnesia (its banks are already falling because of joining in with Germany). Was France really an Ally during WWII?

Right now, France is doing the same thing Mussolini did - conquering Libya. This will not end well for Europe.

Originally posted by DangerDeath
Germany has tried to enslave Greece by selling it loans to pay previous loans. This has to be war, because Greeks will never surrender to this dirty logic. Balkan countries are too smart to fall into German hands again.

I hate to burst your bubble, but we already did surrender. Our corrupt politicians certainly did, we accepted a strange coup d' etat where suddenly a technocrat, Goldman-Sachs golden boy and most crucially managing director of the Bank of Greece during the crucial time before and shortly after being allowed into the Eurozone in 2001 and after we had failed to join the Euro in 1999, became prime minister in center-left, center-right and far right (borderline faschist) coalition. How did we finally do it? Same as everybody else, including Germany, by cooking the books, by creating a huge bubble in the Greek stock market, where in just 1-2 years the market index skyrocketed from under 1000 to a high 7000 at it's height. The then "Socialist" government of Kostas Simitis encouraged everybody to join the speculation and gamble and since we are very prone to gambling anyway many did in the hopes to invest their live savings and get a huge profit return. Alas, when the bubble burst a lot of people had lost a lot of money, many even all their live savings and were suddenly really, really poor again. The other trick was with the help of Goldman-Sachs a credit swap deal which allowed us to present to our EU partners a budget deficit of marginally over 3%. Good enough said everybody and we were welcomed to the Eurozone. Sarkozy's comment that it was a mistake to allow us in is hypocritical, because everybody knew we had cooked the books, how we had done it and they even aided us especially in the great money grab at the Athens Stock Market. Among others it was the German Deutsche Bank that started investing in Greek stocks and gave the index it's first significant push above 1000 then 1500 and finally 2000 when the gambling frenzy started. Our corrupt "socialist" politicians did the rest.
France may have amnesia (its banks are already falling because of joining in with Germany). Was France really an Ally during WWII?

Originally posted by DangerDeath
Right now, France is doing the same thing Mussolini did - conquering Libya. This will not end well for Europe.

I think you are confusing Libya with Ethopia. If memory serves me right Mussolini conquered Ethiopia before WWII not Libya. Anyway, back to the Greeks and the Balkans. There are certainly interesting times ahead. You are right about one thing, we are a very proud people and if the EU and the IMF pushes us past a certain limit there will be certainly more violent protests. What you have seen so far is nothing. It's the usual clashes between radical Anarchist and the police that are very common whenever there is a major strike and demonstration in Athens. But trust me when we start hearing of ever more people dying due to starvation or the cold in winter because they cannot afford to buy food or petrol for central heating the riots will become more frequent and will escalate. Already there are first reports of school children fainting in class due to malnutrition. Can you imagine kids dying of hunger? It will be another burn down Athens time, but this time it won't last only a day or two as usual and probably not even just a month like 2 years ago then some cops killed a 15 year old boy in Athens, but probably over much longer time periods. Inevitably martial law and perhaps a repeat of a dictatorship (1967-1974).

War? I don't think so. Civil war maybe. There is one very pessimistic scenario in my mind of war in Europe or even WWIII and that is if Greece is allowed to default and then the domino effect sets in, Italy defaults, Spain defaults, Portugal defaults, Ireland defaults. Who's next? France and finally the heart of the beast: Germany. By then the whole world will be probably in deep economic chaos and then those who run the show behind the scenes might just decide that it is much better to have another World War so start all over with a clean slate of debt and much to rebuild which as the 50ties have shown makes for great economic boom and prosperity.