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


To: carranza2 who wrote (82592)11/2/2011 4:49:29 PM
From: Tommaso  Read Replies (1) | Respond to of 217860
 
>>>A GREAT reason to engage in a long term short of the Euro.<<<

I think holding gold is the safest way to short the Euro. Leverage the gold. That's shorting all fiat currencies.



To: carranza2 who wrote (82592)11/2/2011 6:41:30 PM
From: Brian Sullivan  Read Replies (3) | Respond to of 217860
 

@YanniKoutsYannis Koutsomitis

Sarkozy: Papandreou aiming for referendum on 4/5 December. Merkel: this decision by Greece has changed the situation significantly. | #gfc2



To: carranza2 who wrote (82592)11/2/2011 7:33:29 PM
From: TobagoJack  Read Replies (1) | Respond to of 217860
 
believe the greeks, people on the street as well as the elite, shall opt for default and withdraw from euro w/ 36-60 months, as and when the euro well runs dry

the elite would encourage default so that they can take charge of the printing machine

the plebs would want to default, thinking themselves better situated to try to game inflation than play deflation

mathematically, in real terms, the point of destination for the greek state is the same place

the advantage of the greeks and all credits to them, is that they never paid their taxes that then were wasted

they merely spent on themselves money borrowed from others



To: carranza2 who wrote (82592)11/2/2011 9:46:21 PM
From: Hawkmoon  Read Replies (2) | Respond to of 217860
 
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



To: carranza2 who wrote (82592)11/3/2011 2:28:27 AM
From: elmatador1 Recommendation  Respond to of 217860
 
What if: Referendum early Dec.=>return to Dracma Jan.1st.=>IMF comes to the rescue.

Business elite in Greece favors this outcome since their debts in Euro will vanish. Government will get support from people since (being whom they are) they kicked their problem away.