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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (578686)	7/30/2010 2:38:30 PM
From: tejek	Read Replies (1) \| Respond to of 1573579

EU thus already dealt with Greece, now you guys prove you can deal with your so called Big O, soon to be known as the little oh-no. Greece is an ongoing story. What the EU has dealt with is Spain. Greece is a whole different story.

To: Taro who wrote (578686)	7/31/2010 4:43:52 AM
From: GUSTAVE JAEGER	Read Replies (2) \| Respond to of 1573579

Re: The Euro is back - and back as a potential reserve currency competing with Obama's inflated green back, which used to be your solid USD harbor. LOL... Let's get serious for a while: the euro's current spike (back over $1.30) is a Swan song! The fundamentals of the eurozone are as bad as ever: no GDP growth, swelling unemployment and rising inflation --in one word: STAGFLATION. Everybody should see the (cheap) trick behind the euro's rebound: Greece, Spain, Portugal --the so-called PIGS-- have no longer any difficulties to borrow on the bond market... how come? Because GERMANY "graciously" agreed to be their bankroller --the PIGS's ultimate bailsman!! And Wall Street and the (bond) markets the world over know it!! Ever since the eurozone countries met in April/May and scraped together a €750 billion kitty as a hedge against PIGS defaults, institutional investors have been well aware that lending zillions of euros to Greece, Portugal, Spain, etc is like lending to GERMANY!! Because if Greece goes bust and can't repay its creditors, Germany will... Another reason behind the euro's strength is Bernanke. That guy is a QUACK! He plays the party-pooper and bamboozles public opinion into a wrong vision of the US economy... Like I said on another thread, Bernanke's the mouthpiece of Bilderberg, a coterie of transatlantic schemers bent on reviving the transatlantic trade/business. Gus