hmm .. indeed losing the gold standard has caused no end of baloons ... but i have never quite understood the gold standard... i mean gold is found only in a few countries so ...w ell...
the thing with the euro is relevant to europe and i agree there is problems with the way it has been put together as a political package rather outside of market based principles....
however the euro is not the only zone that is a collective currency the US dollar or currencies tied to the US dollar are heading for an interesting time if the dollar collapses as some folks suspect is a natural consequence of the depth of US borrowing... who are we tied in with? with food prices rising cos of the value of the pound many in our country are begining to suffer oh of course it is the poorly incomed so i guess they don't matter too much... which is what is affecting the Greek poor at the minute
extending the time for repayment doesn't mean the Greeks don't pay just not so much all at once... i agree with the political problems of the people and politicians not being on the same hymnsheet ... here we should have had these debates too and for some reason it has escaped us even though the economy and the future should have been the single most understood and debated issue of the last elections ... instead we got an expenses scandal to savour and get riled about
GOD BLESS!
Peace and Love,
GOD BLESS!
Peace and Love,
Home
Search
Calendar
Login
Register