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Aprisaiden said:


It will happen though since no one seems to be willing to risk an entire country falling apart and countries just refuse to fix their debt problems. Greece is a good example of this -- they refuse to give up land to pay off there debts,

so they are supposed to sell their countries land?

they have had 3 different bail-outs in a few years,

they don't want the money,EU is forcing it on them which gets them into even more debt

they continue and will continue to post deficets for a number of years and the Eurozone has done nothing to stop them. Ofcourse it won't just be a "lolforget about all the money your owed", it will be moves to do things like reduce or eliminate a countries debt over a few years or so.

EU is getting very close to how Soviet union was.they are trying to centrally plan

In the end i expect that the entire global financial system will remain a patchwork wreck that generates big resecions and creates problems will continue to function for a good hundred or more years until it completly kills itself and a new system is created.

nah

it won't go that far

we are going into a depression starting around 2012 end-2013 that will go on for a decade and also might bring World War 3 and the destruction of banking and Zionist interests unless RON PAUL can save it and the current protests are successful

their is no new system,their doesn't need to be a reserve bank that can print money out of thin air which will come down in the next few years