So what happens if their hopes are dashed?

simi · #1 10-21-2011, 03:45 PM

What if the G20 and IMF doesn't work it out for Europe?

Lots of money waiting to be lost..

http://money.cnn.com/2011/10/21/mark...source=cnn_bin

Bigerik · #2 10-21-2011, 05:36 PM

First thing, the US Dollar will go up...

simi · #3 10-21-2011, 05:39 PM

but will my bank account?

doubtful.. they keep on stealing it from me..

Bigerik · #4 10-21-2011, 05:57 PM

Nope. But it will make the Chinese feel better about the Part of the US they own.

Charles · #5 10-21-2011, 06:11 PM

Quote:

Originally Posted by simi

but will my bank account?

doubtful.. they keep on stealing it from me..

"The markets can remain irrational longer than you can remain solvent." John Maynard Keynes

As much as I like to poke fun at his Fabian theory of debt based currency and deficit spending, it's much like Christianity.

It's a good idea...someone should try it sometime.

Our politicians have the deficit spending part down pat...they just missed out on the replenishing the public coffers during good times part.

All said and done, we're in a heap of trouble now. I'm not so much in changing THE world as changing MY world as to make me less dependent on society.

The less of the bastards you have to deal with the better off you are..in my estimation.

Chas