So lets see how this whole thing with Greece pans out.......this is what might happen

[Chicoman]

IMO Europe is a very unstable region economically right now and Greece is at the center of the whole thing!

What could happen if Greece is allowed to fail and they are unable to pay their debts and they say right now they don't have the money....does this sets up a catastrophic scenario that could see the end of the Euro as we know it if they are not bailed out. I always hear the talking heads like George Soros and Warren Buffett who say there is a liquidity problem in the European Bond Market....failure to bail Greece out would create a ripple effect in the bond market that could also crash the global stock markets. It would force Greece to go back to the Drachma and Germany could pull out of the Eurozone and join BRICS's which is Brazil, Russia, India, China and South America is set to go live sometime in the middle of 2015 which we are rapidly approaching. It is a move away from the IMF and to offer countries the ability to trade amongst each other without having to exchange their currency for US Dollars to complete trades.

If Germany were to join BRICS this could completely turn out as an economic implosion......

I'm not too sure I understand the whole thing but I find it ironic that we all hear about a global currency and it would seem a perfect storm is brewing that could create right scenario for all this happen.....

I just wonder if something like this could happen or if it's meant to happen by the powers that be who rule this world!

What does everyone think?

 

[Ron Burgundy]

The European Union is Hitler's dream minus the ovens.
Greece is frankly too small to cause much of a problem if they go under. I think it's a worse problem if the EU lets it go on the way it has and keeps propping them up. Greece recently elected a Communist government that WANTS to leave the Euro and print their own money (and lots of it), I say let them. Greece is what happens when you take Leftism and Socialism too far. No one creates any wealth and jobs but they want all sorts of stuff provided by the government. I doubt that Germany leaves the EU since they like being the big gun, so to speak.

 

[Chicoman]

The European Union is Hitler's dream minus the ovens.
Greece is frankly too small to cause much of a problem if they go under. I think it's a worse problem if the EU lets it go on the way it has and keeps propping them up.

The problem is the bond investors that propped this country up will get cold feet on other struggling nations in the EU such as Spain, Italy, Portugal to name a few and that will rock the pillars of the Eurozone and scare investors out of the bond market causing a complete liquidity issue which is already rearing it's ugly head in Europe.

 

[Ron Burgundy]

The problem is the bond investors that propped this country up will get cold feet on other struggling nations in the EU such as Spain, Italy, Portugal to name a few and that will rock the pillars of the Eurozone and scare investors out of the bond market causing a complete liquidity issue which is already rearing it's ugly head in Europe.

That's why there are factions in each of those countries who want to go back to their own currency so they can devalue it accordingly instead of having fiscal discipline and attracting business and generating wealth, which has been demonized there a lot longer than it has here. You know more than I do, I'm just weighing in with the general economics angle. I don't follow what goes on in Europe a lot except for Beppe Grillo and the Five Star Movement in Italy. I got hip to him when I was there in 2012. I wish Fox News or somebody would have him on the air here.

 

[Confluence]

The problem that Greece poses is that they already have been bailed out. As a member of the EU, they pose a different threat to the globe than Argentina did, because Argentina was isolated.

If the Greece issue shows that the EU is weak and can't/won't support its own, then it is questionable why the IMF supported them in the first place.

If the Greece issue isn't really a problem, then the IMF really has no value.

Either way, the IMF is of little value.

On the thought that Germany would opt out of the EU, you are sadly mistaken. The Germans crave a weaker currency that Greece helps bring about. And they love France's weakness.

Like Ron said, the Germans get Europe without firing a shot this time.

Cool, huh?




except they probably don't want the rest of Europe because of the glut of lazy, socialist dogfuckers.

 

[Ron Burgundy]

The problem that Greece poses is that they already have been bailed out. As a member of the EU, they pose a different threat to the globe than Argentina did, because Argentina was isolated.

That's the thing, from what I've read the Germans aren't crazy about using their money to prop up the lazy Socialist dogfuckers and they're tired of keeping it up when other nations aren't really trying to fix their problems. Too many drains on most of the economies and not enough money coming in. Taxes are already so high they can't raise them further.