Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
One person was quoted as saying that they will what ever it takes to recapitalize their banks. Well wage inflation. reduce the debt to a manageable level.
You understand that with wage inflation comes increased inflation of all consumer goods, right?
The IMF wants between $1.75-2 Trillion. I don't know what proportion of that they would intend for Greece. Italy and Spain have been downgraded and their economies are significantly larger than that of Greece.
It will not be the IMF doing the bailing-out. That is not their role.
They are so interconnected and over-banked it is unreal. Print the money and give it to everyone, the banks will get it soon enough.
Exactly. That is why the Greek crisis is hurting the US markets and especially the financial sector. We should all be hoping that the EU are successful because a default is not good for any of us.
The house of cards of fractional banking and fiat currency is collapsing. If governments recapitalize these banks they risk their credit rating, driving up borrowing costs and exasperating budget deficits and debt.
Essentially these central bankers and politicians are playing a game of whack the mole.
I wonder who in Europe is going to be arrested... the Greeks failed because of their socialist policies... I wonder if they would throw all the liberal politicians in Greece in jail for causing the catastrophe...
The banks are not bringing any money in on 4% mortgage loans and the banks are not giving any interest in money and that interest is lost to the economy. When there is no interest given , there is no extra money to spend.
Exactly. That is why the Greek crisis is hurting the US markets and especially the financial sector. We should all be hoping that the EU are successful because a default is not good for any of us.
It is not designed to be successful. The IMF isn't seeking for either the Euro or the US Dollar to be successful. All the major currencies of the West must collaps before the world banks can institute one global currency. This somewhat controled economic implosion of the West is by design.
It is not designed to be successful. The IMF isn't seeking for either the Euro or the US Dollar to be successful. All the major currencies of the West must collaps before the world banks can institute one global currency. This somewhat controled economic implosion of the West is by design.
I guess after the one world currency will come the mark of the beast , where no one will be able to buy or sell without it.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
