In the long run, they’ll all be dead, but the Greek commies have this one right

They want to default on the debt and bring down European bankers. They’re stuck in a doomed system – not reason to suffer five years of deprivation just to hold the Euro up for a few more years. The Greeks are going back to donkey carts, and they might as well get on with it.

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3 responses to “In the long run, they’ll all be dead, but the Greek commies have this one right

  1. Anonymous

    Greece is in itself economically irrelevant
    Problem is the toxic waste on the books of banks in allegedly disciplined Germany (and in commie France)…debt from all these PIIGS is massive
    If sovereign debt domino effects occur and creditworthiness of banks becomes dubious, could have Sept08 redux with implications for US banks and liquidity in our interconnected, globalized world
    One of many scenarios for a double-dip, let alone the China bubble/scam and dying, deflationary Japan as added “complexities”

  2. You're right

    So Greece must be bailed out, in order to head off trouble for the international banks?

  3. Anonymous

    when greece is bailed out [read ‘when the banks who did no due diligence are bailed out], it will once again be clear that banks make big money for taking no risks… this will, in turn, lead to even more reckless behavior by banks until, finally, at the end there’s no one left to pay the banks [ie. when the u.s. is ready to default.] this is why folks are buying gold.