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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (75060)	6/10/2011 2:04:12 AM
From: marcher	Read Replies (1) \| Respond to of 217699

--danger PASOK could revolt against Papandreou and eurozone austerity measures-- highly likely in my estimation. it's a "new paradigm." so very dotcomish. -g-

To: TobagoJack who wrote (75060)	6/10/2011 3:05:38 AM
From: Maurice Winn	2 Recommendations Read Replies (4) \| Respond to of 217699

Sovereign countries can easily abrogate sovereign debt. Just as Iraq defaulted on Saddam's debts and rightly so. There was no reason that Saddam should have been able to incur debt for his private spending using the collateral of the public purse and labour of the imprisoned masses and future cash flow of his stolen oil. <A painful privatization drive for Greece, however, presents opportunities for others to gain assets at potentially below market value. German companies are interested in a number of Greek assets, which is certain to frustrate the Greeks > Rather than privatize to Germany and China, Greece should tell their creditors that they made bad loans and should put those loans into their books as losses - tax deductible losses. That will make said creditors' books less profitable and have a negative effect on the taxation collected by their sovereign authorities who are also running up debt at high speed. Rather than privatize assets to obtain functioning funds, Greece should sell tradable citizenships at auction. If they re-establish their country on a sensible footing, involving democracy with citizens doing the voting to maximize the value of their tradable citizenships, then I'd be a keen buyer. Greece could lead the world yet again, as done thousands of years ago. It's true they could be excommunicated from the EU. That would be no bad thing. German tourists could pay a hefty fee at the border for the privilege of entering the realm to enjoy sunny summers and souvlaki. My new currency would make an excellent unit of value with which to trade - much more reliable and long term valuable than the deteriorating fiat fantasy issued somewhere in Bruxelles or the Bundesbank or wherever. Mqurice