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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.94+0.2%Nov 19 4:00 PM EST

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To: carranza2 who wrote (82592)11/2/2011 9:46:21 PM
From: Hawkmoon  Read Replies (2) of 217879
 
I actually love it because I think a referendum on issues of this magnitude is healthy. I mean, if the people are going to suffer austerity, they may as well determine their fate.

I totally agree.. And we're talking about YEARS of austerity and recession.. It has to have the support of the people.

The real fear is having Greece set a precedence that is soon followed by Hungary, Italy, Spain, Portugal, and maybe a few others.. And the fat cat bankers know they made bad loans, and violated prudent lending standards. So they really have no one to blame but themselves.

And it would be interesting to see if Californian, and Illinois voters will have their own eventual austerity programs put to a referendum.

Hawk
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