Kasz216 on 07 August 2011
| mrstickball said: FYI, Germany has just stated they will not bail out Italy which is teetering on default. Tonight and tomorrow are going to be hell on earth for markets. The market in Tel-Aviv was suspended for the day due to the selloff. The market collapse is happening tonight and tomorrow. The Euro is pretty much screwed. There is no reason to keep it when only two reasonably large countries with any economic sense (France, Germany) are using it. Likewise, the USD has been collapsing for years now. I fear we'll go to a one-world reserve currency which would be the start of a New World Order... But sadly, given leaders' propensity to increase debts, I do not know what the choice is. |
Yeah... i'll be watching this develop tonight at work. Thank god I won't need what I saldy call my "investments" for a good 3 years or so, hope it can build back up by then.
Plus side of the US downgrade... maybe i'll finally be able to get a good interest rate on some short term annual payment bonds.
