| Re: Greeks withdrawing Euros from banks on fear.. -- DrDoctor | |||||
| Posted by Galahad , Thu, May 17, 2012, 10:11:27 | Top of Thread | Reviews by Galahad | Archive | Main BigDoggie.net site | |
The firewall for lack of a better term is Germany and to a lesser extent Britain but the question is can they hold back the inevitable tide. France pretty much played their hand with the most recent election. Italy, Spain, Portugal are one bad event from moving towards Greece.
BTW if anyone understands the significance and is watching for opportunity it is Mother Russia.
For the better part of two plus years now I have been watching Obama and stating he really does not understand macroeconomics. He wants to talk about the principles when he wants to define certain industries or certain initiatives... which in itself, not realizing that you can not isolate a subset in a macro global world, shows his ignorance and the ignorance of those that are advising him.
If he wins re-election I suspect by the end of his fifth year in office the economy will plummet.
I don't think Romney stems the tide either but he may minimize the severity- at least in this nation.
There are a fair amount of smart people I know who are quietly making preparations- keep in mind a depression does not have the impact on real wealth that it does on even what many would deem the "rich".
To real wealth it is an opportunity.
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