Looks like Greece will default on it's debt, the contagion is spreading to Italy and even the U.S. is having difficulty balancing it's budget and may have it's credit rating cut.
Are the Events of the banking crisis of 2008 finally coming home to roost. Are we on the cusp of a recession turning into a depression.
http://uk.reuters.com/article/2011/07/20鈥?/a>
http://www.guardian.co.uk/business/2011/鈥?/a>|||We have been on the cusp of a depression here in US for a little over 2 years now. We were supposed to peak this summer and then be in recovery cycle. Now, analyst are tell us recovery won't start to happen till the end of next year.|||Money money money, it's so funny... What is money? Really, why do people put all their efforts into an invisible line? That line can vanish and be nothing. Money, it seems, is just a thing that represents a slice of cake. It isn't the cake. It never was.
If your apparent wealth, that you worked for, can be turned into a debt, then the debt can be turned into wealth. It's lines in the shifting sand. If it can be taken, it can be taken back.|||No, I don't think so.
This is where we find out that it's all Emperor's new clothes anyway... :) I mean - who owes what to who ultimately?
When everyone owes everyone else 29 thousand zillion squillions - the world quietly stops counting.|||scandal is not over, israel has yet to help america become the new Palestine, take their vaccines and commit suicide|||" Much to do about nothing"...|||I had just finished quantitative easing and then you said that...I`ve got to go back to it now..
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