REAL WORLD EVENT DISCUSSIONS

Look for Greece to default

POSTED BY: AURAPTOR
UPDATED: Wednesday, July 20, 2011 18:24
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Wednesday, July 20, 2011 9:25 AM

AURAPTOR

America loves a winner!



And Ireland is questionable.


If Spain goes... say goodnight, Gracie.


That is all.


" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "

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Wednesday, July 20, 2011 4:09 PM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


What happens when the U.S. defaults?

We're actually in more debt per capita than Greece.

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Wednesday, July 20, 2011 4:52 PM

DREAMTROVE


Different situation. Greece doesn't have its own currency. The default harms the Euro. Rap is probably right: Three in a row would kill it.

That's what a ship is, you know - it's not just a keel and a hull and a deck and sails, that's what a ship needs.

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Wednesday, July 20, 2011 4:59 PM

NEWOLDBROWNCOAT


Last I heard, Greece had stabilized-- they adopted austerity measures, there was rioting in the streets, they were gonna be bailed out. Something changed since then? And what should we do about it?
Stand on the sidelines and cheer? Give 'em more dollars?

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Wednesday, July 20, 2011 6:24 PM

DREAMTROVE


This was my understanding as well. Obviously deutschebank and the frankfort crowd that own the euro have a vested interest in their hundred trillion dollar currency not evaporating into thin air, which is what massive debt defaults will do to it, so they will give billions to Greece in bailouts even if they're dead certain that such favors will never be repaid.

That's what a ship is, you know - it's not just a keel and a hull and a deck and sails, that's what a ship needs.

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