Thursday, May 6, 2010
The GREEK EVENTS
No one I know wants to pay interest on debts incurred in their name, without their permission.
The responsibility for these debts rests with the politicians and the sponsors driving these debts
Personally unless the politicians in each subject country take these lessons to heart, IMO, you can expect more of the "GREEK EVENTS", and I dont mean Olympics either.
Debt is NOT "Free Money" and if you live in an economy where your costs and what you msut buy is inflating around you on a rather constant and consistent basis you get the feeling that someone is profiting from this. No anger yet, except as the misery indexes rise.