Wednesday, June 29, 2011

Understanding the Greek Vote Today


A guy is in over his head in credit card debt. Can't pay his bills. His kids want bigger allowances. His wife wants more household money. So he negotiates with the family and they agree to turn the air conditioning up two degrees to save money. Yeah, that's the ticket. So the credit card company hearing of this extends him MORE credit so they can keep spending as they always did. That's what just happened in Greece in the parliamentary vote held today. Don't be fooled it's all a sham and they will default...just later. The eurobanks will lend them more money kicking the can down the road a half mile further...but it's still there. We are in the same shape in the USA...we just write our own checks to ourselves and the world seems to think that's OK..for now. DUDE...where's my country??

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