QuoteOriginally posted by: AnthisQuoteOriginally posted by: Gmike2000I dont think this is about M1. This is about higher orders of M, credit that was extended multiple times on the back of M1. If it was up to the Southerners, they would just keep printing M1 until they run out of ink. They need to learn that wealth comes from working hard, not from drinking coffee all day in the sun and cashing in generous debt-financed government welfare. Jerrys and Frogs understand that, Luigis, Joses, and Kostas do not.The last time I met Kostas, Luigi and Jose, their nuts were bleeding...they were picking them all day every day under the sun. They were tanned though...Their only problem was who will make the coffee. Dude, lighten up.Actually, I'm fed up with the EU. Who do these guys think they are to issue orders to people in Southern EU? Northern EU countries with the permission of Southern EU Oligarchs destroyed our Economy. It's an Economic Holocaust. If the decision was up to me I would get out of the EU today, nationalize all banks, default on all External Debt held by the Eurozone, and do one of two things: Huge Recapitalization of the Banking System and: 1. dollarization of the Economy or 2. Convert existing Domestic positions and contracts into USD/CAD or CHF. Another solution would be a dual-currency system - EUR/National Currency - to gradually reintroduce a national currency for new contracts.
Last edited by BullBear
on November 10th, 2011, 11:00 pm, edited 1 time in total.