Greece.

[Gaucho]

What do you think of Mayweather vs Ortiz?

I actually think Mayweather is looking at this as a tune-up and is serious finally about making the Pac fight. Hopefully Mayweather doesn't look rusty and the fight is made, because other than an old, rusty Mayweather, Ortiz doesn't have a chance.

What are you thinking?

 

[Poonani Maker]

"Resist like water." - Chinese Proverb

http://www.associatedcontent.com/article/8392345/how_does_greece_actually_default_what.html?cat=3

 

[DanelMadr]

I've read in The Economist, that letting Greece go down would be more expensive than bailout.

But the question is what is the long term price.

German and French banks would need the bailout if G. bankrupts. Dexia went down last week.

Greece is the most "left" country in EU and always was...big communist party right after WW2. Spain is also very to the left but at least they have big economy. Italy even bigger. They supposedly just miss liquidity.

All EU is sorta socialistic. With horror we(people of the right) watched US being more EU like over years but you still can't compare. There was some hope and still is in EU becoming federal gov. and therefore diminishing the socialistic/populism politics of national govs. However EU "gov" now is even worse -subsidizing farmers, gender projects, environmental agenda etc.

Germans are becoming crazy: ban on nuclear power, guns etc.
French were always the socialists acting like superpower.
UK is standing aside.
Scandinavia is on a way to maternal communism.
Southern Europe with 'manana' attitude.
Eastern Europe is struggling, still overwhelmed by it's commie heritage - corruption, inefficiency, dishonesty and 'everything should be free and state controlled' mentality. State is omnipotent and politicians are uneducated if you don't count marxism-leninism. It will take 2 generations to improve.

US has the technology and resources. Europe somewhat of technology, no resources. China will loose it's status once the wage there goes up. And they will burn, bc when you want prosperity you need freedom. Russia is depending on gas and oil is and on it's way to putinocracy. Russian people are beyond hope to assert themselves as individuals...always pawns in Tzar's hands.

Greece will fall evntually, maybe not all the way but it will, bc politicians/people (not the great ones) act out of necessity and not out of future need. They will flick it to the last possible moment.

My worry is, this flicking gives wind to demagogues of all kinds...nazis, commies, religious, environmental commies.
Russia will take a byte out of wounded Europe and China will colonize far east and even Africa (with US saving every cent on domestic welfare)....they will bleed on it literally and financially and won't succeed but it will take the world some steps back again. Or not.

 

[Burroughs]

China will loose it's status once the wage there goes up. And they will burn, bc when you want prosperity you need freedom. .

Ah yes..but will wages actually go up in China? The chinese have been very good at holding their economy in a 'fixed' position to attract foreign business...ironically if the chinese had been valuing their currency at the rate it should be, it would be more of an incentive for western, US manufacturers; 'cheap chinese labor' would fall by the wayside...not likely.

China is the fulcrum in the world market, will they call our debt...will they squeeze us slowly or go hard.

 

[DanelMadr]

Ah yes..but will wages actually go up in China? The chinese have been very good at holding their economy in a 'fixed' position to attract foreign business...ironically if the chinese had been valuing their currency at the rate it should be, it would be more of an incentive for western, US manufacturers; 'cheap chinese labor' would fall by the wayside...not likely.

China is the fulcrum in the world market, will they call our debt...will they squeeze us slowly or go hard.

Is their economy growing? Do they want to work for fair price? Their gov can hold the people low but eventually wages will rise or gov falls as in any slave camp.

They have no reason to demand the debt repaid. Why would they kill golden goose? They do better, they buy assets on our soil....and arm themselves to teeth.