Someone says Greece will default + USA says QE3 may be necessary


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ricohflex

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Feb 24, 2005
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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.
 

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The greenback continues to fall, we can buy more and more items from states.
 

ricohflex said:
.....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?.....
Click to expand...

Greece is a culturally rich country.

They can export and sell their ancient ruins.

Just imagine the spectacular vista of having the Acropolis beside the Durian.
 

china is sucking everything into itself :bsmilie:
 

Actually, I think it's almost a certainty that Greece will default. It's whether anyone
will want to buy any of their bonds AFTER they default that's the bigger question.
 

elavan said:
china is sucking everything into itself :bsmilie:
Click to expand...

I think China will be afraid that US prints too much money also ..

Prismatic said:
Actually, I think it's almost a certainty that Greece will default. It's whether anyone
will want to buy any of their bonds AFTER they default that's the bigger question.
Click to expand...

Maybe holiday at Mykonos will be as cheap as Bali next time
 

Sion said:
Greece is a culturally rich country.

They can export and sell their ancient ruins.

Just imagine the spectacular vista of having the Acropolis beside the Durian.
Click to expand...

They default payment, China forms 5 power coalition with other Asian countries; sends army over to size Acropolis (maybe some Greek Goddesses too ) as 'payment' :D
History repeats itself again.
 

pinholecam said:
They default payment, China forms 5 power coalition with other Asian countries; sends army over to size Acropolis (maybe some Greek Goddesses too ) as 'payment' :D
History repeats itself again.
Click to expand...

Nah. They'll just buy up the islands, turn them into resorts for the elite generals and people in government. Then they'll draw a 9-line map encompassing all the Mediterranean and say it's their "historical claim" on the seas.
 

pinholecam said:
They default payment, China forms 5 power coalition with other Asian countries; sends army over to size Acropolis (maybe some Greek Goddesses too ) as 'payment' :D
History repeats itself again.
Click to expand...

I'm sure the Chinese leaders will like to have some Greek Goddesses.

greek-goddess-costume-for-women.jpg
 

Someone say the world will end by 2012. I hope I get Nikon launches the D800 before that.
 

the world's gonna go back to barter trading..no more currency...
 

This Boston University economist says the US debt is much more. US$ 200 Trillion

http://fellowshipofminds.wordpress.com/2010/10/29/economist-says-real-us-debt-is-200-trillion/

Martin Hennecke, associate director at Tyche Group in Hong Kong says so too (fiscal debt) in 25 Jul 2011 Russia Today news broadcast.

In this Youtube crosstalk too.
http://www.youtube.com/watch?v=epWdWpwLT4g

Interview with Joseph Stiglitz
http://www.youtube.com/watch?v=x2t7KKc6gY8&feature=relmfu
 

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People with gold now wins. .
 

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