To: frankw1900 who wrote (20181 ) 12/16/2011 1:15:31 AM From: ahhaha Read Replies (2) | Respond to of 24758 Makes no real difference though, does it not? A KRD conveys decisiveness, or reversal. It represents a state of excess where, in some sense which can't be made rigorous, price has gotten ahead of something else, say, flow. The Greeks either have to go through a decade of poverty, emigration, and lots and lots of violence, or leave the EU, default, and get it over with vastly more quickly and probably less violently. More like both. The EU majors, primarily France and Germany, are trying to hide Greece. The other EU weak sisters are watching to see what happens to Greece. Meanwhile, the Grecian people are resisting austerity. The country is a disaster. Next in line is Italy. There's no way they will go along with austerity. If the majors had kicked Greece out several months ago, the situation would be substantially over, but instead they've done what statists, socialists and other believers in government solutions always have done, they've tarried. Kicked the can. Now, the situation has been managed into a major problem of run on sovereign bank. Every day they procrastinate the amplitude of the final denouement grows larger.I read, here, I think, that Greece is going through a "slow motion default." Exactly right. Each day the Greek sovereign rates rise. In 1 month they've risen from say, 100 to 150. There's few transactions that determine this price. It's merely a mark. They have to keep offering higher and higher to get the nod that when rollover is due, demand will be available at the latest price. Trouble is, the price is rising so rapidly that the next rollover will fail. Fail means they won't be able to sell the volume they'll need to meet service or provide for purchase of say, oil to run the state. I don't see how that works. You do now. Isn't it interesting that no one ever explains these things? They don't because they don't know them. Have to have their own currency to do that, don't they? That's easy enough to do once the people see the handwriting is on the wall. Then they can go back to being happy. They haven't been happy for decades. Greece and ROW started falling apart during Reagan's second term when the 'crats reimposed their tyranny, much like they did in '06. In '06 right after the 'crats got control ET flow decisively peaked. It was the 'crat Congress that ignored the Bush admin warnings and failed to reel in the Sub A "wealth in our time" largesse. Greece is in a similar position. First the statists create a disaster and then the people allow them to install more disaster provoking solutions to the first disaster. This is known as "doing good".