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Roadmap to default

 
Doom Meister
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User ID: 1557294
Canada
09/27/2011 09:24 PM
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Roadmap to default
[link to www.bloomberg.com]

Thats one heck of a lot of tap dancing and wishful thinking.

That sounds like the Bush Economic Stabilization Plan of 2008.

Which tanked the markets 3 days after it went into effect on Oct 3rd.

So France is in financial difficulty too?
The future is uncertain and the end is always near.
Doom Meister  (OP)

User ID: 1557294
Canada
09/27/2011 09:28 PM
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Re: Roadmap to default
Oh my God, OMG here are the unemployment figures.

[link to www.bls.gov]
The future is uncertain and the end is always near.
Doom Meister  (OP)

User ID: 1557294
Canada
09/27/2011 09:51 PM
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Re: Roadmap to default
Don't be silly you have no other option. Go for the quarterback sneak.

Otherwise, as soon as you implement the bailout package, the market will tank, like it did in 2008, when Bush brought in his Economic Stabilization Act, and look at the unemployment figures,. They jump right after. In some cases doubling right away, and in other cases more than doubling like Spain hitting 22 percent.

You already have Great Depression unemployment in many areas, and you have Great Depression market confidence.

So, the best option is to merely say you are going to continue to work on it, while you create funds to pay for essential services, so you put together an essential services package, which pays 1 tenth of GDP annually for essential services and all Eurozone countries can qualify, and it will create employment (read pay for existing employees wages. To the amount of the average per person income per country. 1 tenth of the population. Some new essential service jobs are created, funds are allocated to pay the wages freeing up money to each country to help put towards debt restructuring)

Thats why I get the big money.
The future is uncertain and the end is always near.
Doom Meister  (OP)

User ID: 1557294
Canada
09/27/2011 10:05 PM
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Re: Roadmap to default
You see then once you have your essential services covered, and your employment somewhat stabilized and secured, THEN you can say well Greece needs to default, a debt 180 percent of GDP is untenable.

Or buy back the bonds at 50 cents on the dollar. They are trading at 40 cents right now, thats a ten percent profit for investors.

And if you are smart, during the time you are doing this, and once you have the quarterback sneak instituted, THEN you tell the people about your new banking reforms, and your essential services reforms, and your plans to stabilize the economy through growth in the middle class, and boost the lower class through economic development programs etc which all stabilizes the union. Which rebuilds confidence in the markets.

4 year outlook?

Tourism is not going to rebound any time soon. Americans are in foreclosure and high unemployment. All those high European unemployment figures will remain until you diversify your economy away from tourism.
The future is uncertain and the end is always near.





GLP