http://www.telegraph.co.uk/finance/financialcrisis/8591262/Pimco-warns-Greece-will-default.html
But of course.
They are trying to solve a debt problem with more debt.
It does not work.
It is a human problem. Greeks want to continue spending money they don't have.
They riot on the streets when their sensible PM tells them to adopt austerity measures.
Why should rich Germans and French bail the Greeks out just because of the Euro?
Now Spain says, hey if you are so generous to Greece,then what about me? Give me the hundreds of billions too!
Gimmee, Gimmee.....
http://www.guardian.co.uk/business/2011/jul/13/bernanke-ready-for-more-quantitative-easing
Bernanke says QE3.....oh boy, printing trillions of dollars again.
And straight away gold price sky rockets.....People want to park their money in gold and elsewhere.
Watch the US dollar value.
But of course.
They are trying to solve a debt problem with more debt.
It does not work.
It is a human problem. Greeks want to continue spending money they don't have.
They riot on the streets when their sensible PM tells them to adopt austerity measures.
Why should rich Germans and French bail the Greeks out just because of the Euro?
Now Spain says, hey if you are so generous to Greece,then what about me? Give me the hundreds of billions too!
Gimmee, Gimmee.....
http://www.guardian.co.uk/business/2011/jul/13/bernanke-ready-for-more-quantitative-easing
Bernanke says QE3.....oh boy, printing trillions of dollars again.
And straight away gold price sky rockets.....People want to park their money in gold and elsewhere.
Watch the US dollar value.
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