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<blockquote data-quote="brett636" data-source="post: 726182" data-attributes="member: 249"><p>This really should be in the Current Events forum. Anywho, this is what happens when you create government obligations that cannot be paid(hello healthcare bill). The Dow, Euro, and commodities markets are in free fall all because government bureaucrats cannot look beyond the next election cycle. The U.S. could very well fall down this same hole in the coming years, but for now its Greece, Spain, Portugal, and possibly Italy whose debt is threatening the continuity of the EU and its currency the Euro. My guess is the Euro will become worthless as EU countries abandon it instead of bailing out its less fiscally responsible(I use that term very loosely) members. Hurray for hope and change!</p></blockquote><p></p>
[QUOTE="brett636, post: 726182, member: 249"] This really should be in the Current Events forum. Anywho, this is what happens when you create government obligations that cannot be paid(hello healthcare bill). The Dow, Euro, and commodities markets are in free fall all because government bureaucrats cannot look beyond the next election cycle. The U.S. could very well fall down this same hole in the coming years, but for now its Greece, Spain, Portugal, and possibly Italy whose debt is threatening the continuity of the EU and its currency the Euro. My guess is the Euro will become worthless as EU countries abandon it instead of bailing out its less fiscally responsible(I use that term very loosely) members. Hurray for hope and change! [/QUOTE]
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