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The Euro death watch
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<blockquote data-quote="Just_another_day_at_work" data-source="post: 977769" data-attributes="member: 23074"><p>The Euro/US dollar and on and on currency death watch.</p><p> </p><p>If banks fail in the EU that will be spreading over here too, that's why the bank(st)ers don't want Greece to leave the euro, a tiny country/economy and banks can't/don't want to take a full haircut and just let the "global market" sort it out.</p><p>IMO Europe and any other countries are the same cake as the USA or capitalism, socialism, whatever structure doesn't make a difference when in the end it's the debt base monetary policy that is the <strong>same</strong>.</p><p>The big difference that we have the FED to print and monetize, a AAA rating LOL for that and the world's reserve currency, Greece didn't get that lucky, orders are coming from Brussels...</p><p>In the end every single country goes bankrupt. All that talk about Greece while the UK has it's 1000% debt ratio with their own central bank to print and monetize or Japan, nobody seems to panic there...</p><p>A few chart tells all. But let the status quo continue like nothing is going on.</p><p>[ATTACH]6874[/ATTACH][ATTACH]6875[/ATTACH][ATTACH]6876[/ATTACH]</p><p></p><p>I like this video what Bill Hicks says on the economy:</p><p>{viewer discretion is advised}</p><p><a href="http://www.youtube.com/watch?v=DB55mbwAmDE" target="_blank">Bill Hicks - The Economy That's Fake Anyway (Clip from Zeitgeist Addendum) - YouTube</a></p><p>[ATTACH=full]6874[/ATTACH][ATTACH=full]6875[/ATTACH][ATTACH=full]6876[/ATTACH]</p></blockquote><p></p>
[QUOTE="Just_another_day_at_work, post: 977769, member: 23074"] The Euro/US dollar and on and on currency death watch. If banks fail in the EU that will be spreading over here too, that's why the bank(st)ers don't want Greece to leave the euro, a tiny country/economy and banks can't/don't want to take a full haircut and just let the "global market" sort it out. IMO Europe and any other countries are the same cake as the USA or capitalism, socialism, whatever structure doesn't make a difference when in the end it's the debt base monetary policy that is the [B]same[/B]. The big difference that we have the FED to print and monetize, a AAA rating LOL for that and the world's reserve currency, Greece didn't get that lucky, orders are coming from Brussels... In the end every single country goes bankrupt. All that talk about Greece while the UK has it's 1000% debt ratio with their own central bank to print and monetize or Japan, nobody seems to panic there... A few chart tells all. But let the status quo continue like nothing is going on. [ATTACH]6874.vB[/ATTACH][ATTACH]6875.vB[/ATTACH][ATTACH]6876.vB[/ATTACH] I like this video what Bill Hicks says on the economy: {viewer discretion is advised} [URL="http://www.youtube.com/watch?v=DB55mbwAmDE"]Bill Hicks - The Economy That's Fake Anyway (Clip from Zeitgeist Addendum) - YouTube[/URL] [ATTACH=full]6874[/ATTACH][ATTACH=full]6875[/ATTACH][ATTACH=full]6876[/ATTACH] [/QUOTE]
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