global banking system reset, page-13

Dopey, forget the worry about your opinions; just adds colour to an economics forum.

Greece was a plum to be set up and ripped off. There's no doubt about it. See how the Vampire Squid handles being kicked around by people power.

Of course the other side for the Greeks is that there bloated overpaid and under worked public service, for example, will be cut to the barest essential as will all public and private sector jobs.

But that's democracy at work: hand in hand with poverty.

Greece should never have been in the EZ. It was obvious then as it is now. But now it's the whole enchilada that's at risk.

Germany will be set adrift without the support of the EZ which means that it will prosper. But again how will that work when around it there are countries going through political and economic transformations that don't bode will for regional security.

From the early discussions about the EU breakup I have always made clear that I feel such a break up, as is possibly gong to happen, is a threat to global peace.

That is to say that Greece will not turn into a rabid xenophobic military machine but Eastern Europe, not long out of their communist confinement, may hold surprises.

Just my thoughts, Dopey.

Enjoy the market ride. S&P500 at 700? DOW at 5,000? XJO 2,800?

And we haven't even broached the US economy and deficit !!