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To: Cogito Ergo Sum who wrote (104239)	9/9/2011 4:11:14 PM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

A lot of the selling today probably has to do with fear of Monday morning headlines. Back in the bunker for me.

To: Cogito Ergo Sum who wrote (104239)	9/9/2011 5:03:06 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 118717

I am not sure it is as easy for Greece to withdraw from the EU as traders would like to imagine. The political price would be high as there is no mechanism for a country to withdraw from the EU under the current agreement. How would you re-price the new currency for Greece? Greece also won't be able to create inflation to get their debt under control if the debt is be re-paid in Euros. Would Greece demand that a large portion of their debt forgiven to voluntarily withdraw from the EU? The USA will have to consider inflation and devaluing their currency further to get their debt under control at some point as I don't think they get the kind of GDP growth that will allow them to do that. Fundamental re-structuring of their economy is continuing and there is no going back. The move away from the US currency as the FIAT currency will also lead to devaluation though at a slower pace.