Greece waits on pins and needles
European finance officials don't look ready to approve a new rescue fund payment to the beleaguered country.
Obviously Jim, none of the Central Bank scams have worked. Greece just played them for the fools they are. Lots of scare tactics and threats but in the end, no amount of administrative buffoonery did much of anything. Sounds like bankers and Karl Rove have everything in common... tons of cash to work with, deployed poorly and for bad purpose... unable to coerce anyone over. Greece goes down and it takes banks and bank investors down worldwide. Based on the comments on the other blogs here on MSN, We the People and commonsense are in for Olympic level whining from greedy losers and deadbeats. When we actually DO have that crash, where do you go? The common person has the sub-economy. Do you really think you have the guts to start shopping Wal-Mart? Could you ever bring yourself to buying things you will eventually put in your mouth that has that mysterious white powder on it? The Elite will die in the streets... victims of their own misconceptions of Reality.
BTW... Hear anything about Iceland lately? They threw their bankers out and shifted to an economy of self-sufficiency. Whatever currency they resorted to, is recognized and global exchange occurs. Greece Italy Portugal Spain and Ireland should try it. Throw the bankers out, call the Euro bogus and just-- live. Use whatever currency they choose. Bankers have no backbones, if they can use it they will recognize it. How much is trapped in Europe? TRILLIONS? Sounds like the only ones who get hurt, are jerks.
pretty much Greece will not get the bail out and leave the EU next year.
The same for Ireland and Spain by mid year
Ireland will look at Iceland's recovery and wake and realize that Iceland is fully recovered now and Ireland is still on a downward trend.
Then by the end of 2013 the EU and euro are gone and the US is in pretty deep trouble as the Mexican stand off between the Republicans and Democrats blows up the economy and the Federal Reserve under new leadership tightens the screws on the economy to bring it back in line. Which of course only makes things horrible for the USA as millions once again lose their jobs and homes and this time round there is no unemployment insurance money to go around.
Welcome back the Greatest Depression. Obama merely says we have to sacrifice. No pay check is too small for the IRS to steal as tax rates are increased by 10 percent and there is no income deductions allowed not even the personal deductions.
Also a VAT tax of 20 percent is passed with internet sales having a 25 percent VAT tax.
Yep things are looking down
Copyright © 2014 Microsoft. All rights reserved.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.