ktlight
11th October 2011, 07:37
Michael Hudson: There is nothing democratic about sending Greece into a decade of depression
"The Greek currency was leveraged to the hilt, and when the eurodollar was accepted it revealed the economic imbalance as the centralized currency could not be stretched in the same fashion. I believe we would be remiss not to see the Greece situation as a microcosm of the fate waiting for the rest of us to one degree or another.
lambdog76"
DEBT CREATED OUT OF NOTHING IS NO DEBT.
kJCHHiQ22GM
"The Greek currency was leveraged to the hilt, and when the eurodollar was accepted it revealed the economic imbalance as the centralized currency could not be stretched in the same fashion. I believe we would be remiss not to see the Greece situation as a microcosm of the fate waiting for the rest of us to one degree or another.
lambdog76"
DEBT CREATED OUT OF NOTHING IS NO DEBT.
kJCHHiQ22GM