14
May
Greek meltdown explained in one picture
Actual photo of the inside of the Greek Ministry of Finance. How much better do you think the situation is at the Obama run Department of the Treasury?
This is an actual photo from the Greek Ministry of Finance. Soon Obama will have pushed the US national debt to a level higher than the gross domestic product. The same economic milestone that was followed by massive economic collapse all over southern Europe.
Obama’s economic advisers say the US will not suffer a Greek style meltdown, because the US can just print more money. Greek uses the Euro, and cannot unilaterally print more money for itself.
A new German documentary about the Greek collapse is causing a huge stir in Europe.
Click here to watch documentary online (in German).
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Funny thing is that the EU knew this would happen and still let Greece into the Euro. What were they thinking?
May 15th, 2012 at 1:55 am