Greece Defaults. What now?

[sc94597]

fatslob-:O said:

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.

You think so ?

Yep. I have no confidence that any of these countries will stop what they are doing: going back and forth on interest rates until their bubbles get bigger and bigger due to malinvestments (directed by said interest rates), bailing out said malinvestments, while they amass trillions of dollars worth of debt which they'll never be able to sustain. There will be a larger recession than the one in 2008, hyperinflation, and higher unemployment everywhere. Furthermore, with the growing economic powers in the second and third worlds global wealth distributions will more often transfer to these other, more stable regions. The cause of this? Cronyism.