Ooh, I still have some Drachma somewhere, might be able to use them again.
Cheap holidays ahead, tourism will soar if they step out of the EU.
o_O.Q said:
as a result from the beginning there isn't enough money in circulation to pay off what was loaned originally because of the interest and the problem grows larger and larger as more and more money is loaned into the system
as i said i can be wrong my field of study is sciences so i obviously won't definitively say i know this for sure and i'd say that perhaps the cracks appearing in the system recently show that there are indeed flaws |
You are not wrong. If you really want to be scared shitless, check out: http://www.peakprosperity.com/crashcourse
o_O.Q said:
as a result from the beginning there isn't enough money in circulation to pay off what was loaned originally because of the interest and the problem grows larger and larger as more and more money is loaned into the system
as i said i can be wrong my field of study is sciences so i obviously won't definitively say i know this for sure and i'd say that perhaps the cracks appearing in the system recently show that there are indeed flaws |
if all money is used to repay the debt, the rest of the loans will automaticly default because tere is nothing left to pay it off with,
thats part of the system.
| whatever said: You are not wrong. If you really want to be scared shitless, check out: http://www.peakprosperity.com/crashcourse |
imo there's no use to being fearful... if this system collapses another one can be built
a better systen that perhaps isn't as susceptible to corrupt
fatslob-:O said:
Yes but Greece had already got bailout funds TWICE! I imagine the external creditors are getting annoyed by now so they will probably be placing some severe restrictions this time around ... |
Indeed, by enforcing completely rediculous terms that will certainly further sink the economy further into recession. That'll help them get their money back for sure...
My themeforest portfolio:
o_O.Q said:
imo there's no use to being fearful... if this system collapses another one can be built a better systen that perhaps isn't as susceptible to corrupt |
You say that as if it would be a simple transition with few casualties. If the global economy collapses, rest assured that lives will be ruined and many will be lost.
Fear in this case is healthy in that it should spur people to plan appropriately.
generic-user-1 said:
if all money is used to repay the debt, the rest of the loans will automaticly default because tere is nothing left to pay it off with, thats part of the system. |
You act as if this system was designed to handle the scenario where there are massive defaults. I can assure you, that is not the case.
o_O.Q said:
imo there's no use to being fearful... if this system collapses another one can be built a better systen that perhaps isn't as susceptible to corrupt |
A more stable system might mean people in some countries aren't quite keeping the standards of living / consuming they have now, though. Not to mention the obvious suffering people would incur during times of hardship.
I don't know, that might be distressing to some.
| sc94597 said: The rest of Europe, parts of Asia, and the U.S follow within the next 30 years or so. Greece is just an extreme example of where the rest of the world is heading. |
I was going to type something similar to this comment xD. Only a matter of time before all the debt western and select Asian countries are piling up will be defaulted on.
whatever said:
You act as if this system was designed to handle the scenario where there are massive defaults. I can assure you, that is not the case. |
fiat money can handle massive defaults, no problem. the problem we are facing now is that the people who would lose the money if someone big defaults have a strong lobby, and so the taxe payer has to pay for the default.
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