Greece

[cottonpicken]

Anybody watching this.

Im a little surprised,could be another iceland and a
precursor to the rest of the pigs?

Bankers and bond holders are going to take a bath.

[Klause]

I agree.


How long do you think before the rest of the EU runs out of willpower (or capacity) to keep bailing Greece out?


How much new paper is the EU going to issue to pay for this debacle? Where does Ireland, Spain, and Italy come in on this?


Is Greece simply the fuse for the stick of dynamite that the EU is right now? If so, what do you see as the spark?

[BTOfarmallll]

http://www.youtube.com/watch?v=E2F1jM75UGA - The History of What Happened to Greece

[BTOfarmallll]

[cottonpicken]

To complex for me to have much of a clue.

A guess is that the debt has to be inflated away
rather than defaulted-deflationary policies would
cause total economic implosion.The global
derivative market would make sure of that.

The political storm is looking like everyone is pissed
at everyone.

What populous on the planet wants to see their
states assets sold to private companies,pensions
slashed,pay cuts,etc,etc.

Probably see a lot of blood on the streets.

After europe comes califorina,remember the
roddney king riots??

[ajl]

Greece is the canary in the coal mine.
The rest of the western world will go down
this road. Twenty years on we will have a
much lower standard of living compared to
what is the norm now.

[cottonpicken]

Are you still heading to the oil patch Klause?

[Klause]

Yes CP.

Just trying to get sprayed here and take care of some
things in the yard, then Craven with my girlie, and
then head back out to the oil patch...

Need $$$ to buy land.

[wd9]

Maybe you should wait Klause, in a couple years it might be half price.

[Klause]

It probably will... and I'm hoping for it... Plan on buying only 1 - 3 quarters... pay it CASH or at least 75% down.... rent from the so-called Ag
investment firms to have a viable operation, and keep stockpiling money from the patch... when $hit hits the fan, scoop it up...