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The Unasked Question about Greece

MsMorrisineMsMorrisine Posts: 33,019 ✭✭✭✭✭
in Precious Metals
If bailout 2.0 passes,

will there need to be a bailout 3.0 ??

4.0?

5.0?
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Comments

  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭
    No.

    Greece will default. Banks and bondholders will lose money. Then the process will reset so that Greece can default in another 20 years like they have always done.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Have bailouts and QE solved our problems?

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • johnny9434johnny9434 Posts: 28,307 ✭✭✭✭✭


    << <i>Have bailouts and QE solved our problems? >>



    yes will keep on doing that till it works
  • percybpercyb Posts: 3,324 ✭✭✭✭


    << <i>No.

    Greece will default. Banks and bondholders will lose money. Then the process will reset so that Greece can default in another 20 years like they have always done. >>



    I agree. Greece defaults.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • BigRickBigRick Posts: 1,334
    98% APR today for a 1 year Greek bond. image
    My Sets
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    The real worry is, will Greece be the first domino.... Cheers, RickO
  • SpoolySpooly Posts: 2,108 ✭✭✭


    << <i>The real worry is, will Greece be the first domino.... Cheers, RickO >>



    It will be the first of many Black Swans events.
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Beginning with Japan many years ago, economic policy makers worldwide are convinced that throwing money at these problems will solve them. They are wrong. They will not realize they are wrong until the money they create out of thin air to solve the problems becomes worthless. The only hope for an acceptable solution is a complete haircut for those that made bad bets or for those paying the bill and suffering from the monetary devaluation to rise up and say "no more." The people of Ireland said "no" and they are slowly on their way back to prosperity.

    Since the money pit is bottomless, yes, the bailouts in Europe will continue until there is no longer a European Union. The worldwide bailout situation has become nothing short of the ultimate Ponzi: "lets borrow today and pay that off later with what we borrow tomorrow."

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • KonaheadKonahead Posts: 1,476 ✭✭✭
    Global welfare
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
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