Euro meltdown might be closer than we think

the count

the count

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Oct 14, 2008
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The signals from Greece are becoming more alarming by the day. The rich are withdrawing money from the banks. The banks are saying 'Help" because they are running out of money.

I wager 100 sheep that the Greeks did not tell the truth about their actual financial needs. They have been lying for so long, who thinks that they have suddenly changed?

If that turns out to be true nobody will loan them any money. And they fear the IMF more that the pope the devil because they know that that we mean REAL austerity measures...

I wager another 100 sheep that something really bad will happen there shortly, probably on a weekend, with the ATMs no longer spitting out cash. Watch out if you happen to be there at that time...
 
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I likewise think it is getting very close. They are already overspending the first two months,

http://www.zerohedge.com/article/so...the+survival+rate+for+everyone+drops+to+zero)

Spain, Italy and Portugal, UK, Ireland, Iceland. Like a boiling cauldron and it is just which one explodes first. Don't rule out 100 sheep that is could be one or more of our States that blows this mess all up.

I do love a spring leg of lamb cooked on the smoker.
 
Great, now there will be rush to "safety" and the dollar propped up even more.
 
I recently heard an XM radio personality discuss how when they instituted the Euro currency into those countries they really didn't have the knowledge to equate gov't hidden debts and a finite number for gov't expenditures. This radio host discussed how eventually this may cause major instability between euro currency nations...
I wonder if thats one of the reasons the Brits stuck w/ the pound...
 
DirtMcGirt said:
I recently heard an XM radio personality discuss how when they instituted the Euro currency into those countries they really didn't have the knowledge to equate gov't hidden debts and a finite number for gov't expenditures. This radio host discussed how eventually this may cause major instability between euro currency nations...
I wonder if thats one of the reasons the Brits stuck w/ the pound...
Click to expand...

I think the Brits just couldn't stand the idea of the french and germans telling them how to run their economy. Not that the state they are in proved they were smarter than the rest though :-)
 
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