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Reply to @johnN: Right, John. Greece, Italy, Portugal, Spain, and Ireland are just going to vaporize, and that will take care of all of the problems. Be "chopped" from what? And by whom? And what exactly will be left after all of the "chopping"?
Reply to @Old_Joe: hello sir what I meant is the 'domino effects', just line 'em and push 'em down... one fall and the rest may fall. probably may also effect california, florida, arizone, michigan, ohio - all may default slowly
Reply to @johnN: Well, John, if something like that were to happen, I have to still wonder: What exactly will be left after all of the "chopping"? Are you assuming that all of that stuff happens in isolation and that the rest of the system goes on functioning? The Euro works fine, except now only in Germany and a few other Nordic states? Or that the world as we know it ends, along with the Euro and the US dollar and the British lb? Or what, exactly?
Sadly, Portugal is not on the radar of the current situation; as it does not and would not have any similar impacts upon all of the other existing conditions. Portugal, per 2011 IMF GDP numbers is number 42. Not unlike Rhode Island and California both being ready to fall off of the money cliff. Rhode Island would most assuredly become placed at the end of the priority line, eh?
By constitution, according to proper sources; Greece is allowed to have three elections per year regarding such issues as the coming Sunday vote. In theory, they may have a re-do; not unlike elementary school projects, to vote again on this current issue.
A sidenote indicates that the troublesome issues of Spain and Italy is their value of GDP to the Euro area and global position on the IMF list. Spain is ranked 8th in GDP, with Italy at 12th and the overall combined European GDP is greater than the U.S. or China singularly.
Other nails laid upon the forward road, is that Finland is again reminding other EU members; as the country stated in 2011; that further "loans, etc." to other countries would require real collateral to back the percentage portion equal to what Finland would be asked to commit monies towards. Finland announcing a "buzz off" to the EU would be equally problematic, as any of the other existing circumstances.
One may imagine Finnish gov't. members presenting photos of what buildings, agri fields and or who knows what that they will accept as collateral.
Kinda like MI stating it will lend CA "x" amount of dollars but the state will need a piece of the action for all toll fees for CA bridges and/or roads. Conversely, CA could demand of MI, "x" percentage of the total gross revenue of all MI agri crops shipped outside of MI.
Reply to @Old_Joe: don't really know the answer sir probably like armagedon-double dip all over again, dows drop to 5000s levels/oil to 30 dollars/barrell... and by then good time to jump in and gobble up stuff again we will never now
Reply to @johnN: If dow drops back to 5000, I'm selling all of my safe funds, balanced funds and buying riskier stock funds, may be even some 2x and 3x funds.
Comments
hello sir what I meant is the 'domino effects', just line 'em and push 'em down... one fall and the rest may fall. probably may also effect california, florida, arizone, michigan, ohio - all may default slowly
Not unlike Rhode Island and California both being ready to fall off of the money cliff. Rhode Island would most assuredly become placed at the end of the priority line, eh?
By constitution, according to proper sources; Greece is allowed to have three elections per year regarding such issues as the coming Sunday vote. In theory, they may have a re-do; not unlike elementary school projects, to vote again on this current issue.
A sidenote indicates that the troublesome issues of Spain and Italy is their value of GDP to the Euro area and global position on the IMF list.
Spain is ranked 8th in GDP, with Italy at 12th and the overall combined European GDP is greater than the U.S. or China singularly.
Other nails laid upon the forward road, is that Finland is again reminding other EU members; as the country stated in 2011; that further "loans, etc." to other countries would require real collateral to back the percentage portion equal to what Finland would be asked to commit monies towards. Finland announcing a "buzz off" to the EU would be equally problematic, as any of the other existing circumstances.
One may imagine Finnish gov't. members presenting photos of what buildings, agri fields and or who knows what that they will accept as collateral.
Kinda like MI stating it will lend CA "x" amount of dollars but the state will need a piece of the action for all toll fees for CA bridges and/or roads. Conversely, CA could demand of MI, "x" percentage of the total gross revenue of all MI agri crops shipped outside of MI.
Regards,
Catch
don't really know the answer sir
probably like armagedon-double dip all over again, dows drop to 5000s levels/oil to 30 dollars/barrell... and by then good time to jump in and gobble up stuff again
we will never now