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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (45044)4/18/2012 11:25:55 AM
From: robert b furman  Respond to of 71456
 
Maybe they will buy up the broken Eurozone banks and show them what in heck a fortress balance sheet looks like - hint it isn't made up of BS sovereign loans.

Bob



To: Giordano Bruno who wrote (45044)4/18/2012 7:02:50 PM
From: ggersh1 Recommendation  Read Replies (2) | Respond to of 71456
 
A beginning


The Birth Of Barter: How One Greek Town Dropped The Euro And Moved OnSubmitted by Tyler Durden on 04/18/2012 - 15:41 default European Union Greece Gross Domestic Product Secured Debt Greece was the first country to defect from the non-default game theory regime of the European Union (a move which ultimately will be in its great benefit, as it is forced, very shortly, to default higher and higher into the 177% of GDP secured debt, until finally even the Troika's DIP loan is impaired). It has also become the first country to demonstrate that people can, contrary to apocalyptic claims otherwise by the global banker consortium which realizes oh too well it will be its death if people stop playing by the broken rules, exist under a barter regime. The video below shows how the Greek town of Volos develops its own bartering system without the aid of the euro. Yes - it can be done, especially since one is forced to produce in order to consume, and borrowing infinitely from the future becomes impossible.