Economic Turmoil in Greece and Europe

GK01 wrote:

Mustangt125 wrote:We're nowhere near as in trouble as Greece. We make stuff, and have resources. They make nothing and have nothing.

You've got to be kidding me Have you seen your debt? The only reason you haven't collapsed is because you're the reserve currency of the world. People want out of the US dollar, and are trying to get out of it, as soon as that happens you'll collapse

I wouldn't hold your breath on that one, little brother

Mustangt125 wrote:

GK01 wrote:

You've got to be kidding me Have you seen your debt? The only reason you haven't collapsed is because you're the reserve currency of the world. People want out of the US dollar, and are trying to get out of it, as soon as that happens you'll collapse

I wouldn't hold your breath on that one, little brother

Well explain to me how your income outweighs your debts? I mean you take the debts of big companies, even some middle range companies, you've taken the debt of other countries (this was all during the GFC), really you should have collapsed a long time ago. But no you stay strong because of one thing that is you're the reserve currency, so you pay off your own debts with your own money. Once you're out of that then you're fucked, not being able to afford the new currency and such. And if you believe your debt is only small, what do you export some much of that covers up trillions and trillons of debt?

Apparently some states now want Greece out

This is just the beginning of the fall. A few more European countries will follow, then possibly the USA.

Clark wrote:Apparently some states now want Greece out

I expect the Euro currency will be gone in a few years.

We'll hold strong as we've got Osbourne in charge of the economy