Germany & Greece. Mutually assured destruction.

[Meat-Hook]

Things dont sound to good for the Eurozone these days. Not that were much better. I also heard that Italy may be going to the Chinese Communist to get bail out money?

Huh,..what an idea? So if we can go to the Chicoms for money and Italy can go to the Chicoms for money, why cant they all. Were 14 Trillion in debt/flat broke, but we keep printing money and borrowing,..then give billions away in foreign aid.

I wonder how much longer this will go on until this deck of cards finally collapses.
--------------------

http://www.telegraph.co.uk/finance/f...struction.html

"Germany’s EU commissioner Günther Oettinger said Europe should send blue helmets to take control of Greek tax collection and liquidate state assets. They had better be well armed. The headlines in the Greek press have been "Unconditional Capitulation", and "Terrorization of Greeks", and even “Fourth Reich”.

[O.S.O.K.]

And that's all just a fraction of the bad news...

The Fed and our govt. will do everything they can to stop and delay the crash but they will fail. The only thing that would realistically soften the blow would be for the economy to take off. And with all of the roadblocks and barriers that have been thrown up by obummer, it just won't.

So, we will see inflation followed by increases in the interest rates followed by the US defaulting on its loan payments followed by a rapid devaluation of the US dollar.

And that all means world wide economic depression.

2-3 years from now if not sooner.

[Warthogg]

I'm guessing old Europe will go before the US though the US will be a close follower.



Wart

[Penguin]

That would be my guess as well.

[az_paul]

Agreed about Europe going before us, but think the timetable may be sooner than 2-3 years out.

[insider]

More proof that socialism don't work. The bad part is a world wide depression will lead up to a world war.

[American Rage]

The whole world is fucked.

The best we can hope for is a Republican victory.

Even then, the world is fucked. Look for very hard times and explosive violence at all levels.



Rage

[Partisan1983]

Well I'm Irish and Greek.....my wife is German and Native American (don't know what tribe....long story).......does that mean we are double fucked (giggity)