The central bankers finally agreed to give the Greeks another $60 billion, and maybe even $85 billion over the next three years. That will keep ’em quiet for a while. Greece must then raise their VAT (value added tax) to 23%, cut government, cut pensions, plus many other impossible promises made to the central bank for the handout. Will the over $400 billion ever be repaid? Absolutely NOT, any more than America’s current $18,305,000,000,000 debt, or the already contracted for, debt of $275,000,000,000,000, other than with paper money. Greece could take down the entire Euro and nations who are members of it, even though it is only 2% of the euro economy. Spain, Portugal, Italy, and Ireland could go, and especially if they said, "Look here, you gave Greece a bundle, we want one too." If the euro went the way of all flesh, just think what that would do to tourism! Everyone would stay home, because of the complicated currencies. On NPR the other morning, a very respected economist said that in his opinion, the entire euro complex of nations, would eventually leave, print their own currencies, as they used to, before the euro. Gold and silver, are real money., and have been for thousands of years. They’re convertible or redeemable in any paper money at any time. I am not trying to compete with David, but I just have to get it off my chest occasionally!
