Greece collaspes.

[Ded Mazai]

Originally Posted By: goodtimes
China can't call anything. The Treasury can on the other hand say all bonds are cancelled anytime they want. China knows that. Probably keeps the world safer because they want the money.


China won't be upset too much if America does that. Guess what the dollar will be worth after America defaults. And which economy will be number 1 even if China loses 1 trillion dollars in American debt?

Yes, the Greek default is an opportunity for Russia and China to expand their influence to the West. Russia alone won't do anything without the Chinese support.

 

[Ded Mazai]

Originally Posted By: expat
How Greece was allowed into the EU is beyond me.

The movie Zorba the Greek paints a stereotype, one that did not form out of a vacuum.


The weakest link breaks first. The rest will follow.

 

[SteveSRT8]

China is already hard at work leveraging their interest in our country by negotiating a swap of worthless debt instruments for real property.

With our current excellent negotiators and expert foreign policy personnel we can expect to lose everything!

 

[Shannow]

Originally Posted By: SteveSRT8
China is already hard at work leveraging their interest in our country by negotiating a swap of worthless debt instruments for real property.

With our current excellent negotiators and expert foreign policy personnel we can expect to lose everything!


They are busy buying up Australian farms and properties as well.

It's pretty clear that they want assets rather then promises.

 

[CT8]

What untill the usa collapses then the res of the world . Which is perfect to bring in the 1 world currency. Russia may help Greece from behind.

 

[ryansride2017]

Coming to a U.S. bank near you. Maybe not in my lifetime...but it will happen.

 

[Powerglide]

Greece has flirted with Communism since at least the late 1940s. It's gotten what it asked for. The U.S. is embracing socialism and may find itself in a similar situation in the not too distant future. Sovereign debt default may become endemic and the citizenry will ultimately pay the price. You can bet the political elites will not suffer one bit.

 

[CT8]

Originally Posted By: simple_gifts
This may be the crack Russia is looking for; beware of opportunists
The behind crack?

 

[Benito]

Originally Posted By: Shannow
Originally Posted By: SteveSRT8
China is already hard at work leveraging their interest in our country by negotiating a swap of worthless debt instruments for real property.

With our current excellent negotiators and expert foreign policy personnel we can expect to lose everything!


They are busy buying up Australian farms and properties as well.

It's pretty clear that they want assets rather then promises.


Or a better return on their money than US govt bonds.

Economics pre-101. Current account surplus is balanced by the capital account.

 

[userfriendly]

Naw, I think Donald Trump is right.

 

[Trav]

Its a good thing, the rest of these parasites will drop off one by one and we will see the return of the DM.

 

[turtlevette]

Originally Posted By: GiveMeAVowel

I've heard this is indeed an option the Chinese COULD use if they wanted to,


The compound needs better teachers.

 

[Garak]

Originally Posted By: Quattro Pete
I hope I don't offend any Greek BITOGers here, but back then, you could very much sense the laid back nature and the sense of entitlement and carelessness among many locals, kind of basking in the sun of all the funds EU was pumping into Greece in the past.

You should hear what Greeks who live here have to say about their compatriots left back at home.

 

[Merkava_4]

Originally Posted By: Trav
Its a good thing, the rest of these parasites will drop off one by one and we will see the return of the DM.


Return of the District Manager?

 

[addyguy]

I think this is a risky time for Europe...Russia is already threatening them, and now Greece is on the ropes...

Russia swoops in and 'saves' them; now Russia has easier access to continental Europe.....wonder what kind of trouble they could stir up with that?

 

[Trav]

Originally Posted By: Merkava_4
Originally Posted By: Trav
Its a good thing, the rest of these parasites will drop off one by one and we will see the return of the DM.


Return of the District Manager?

Yep that too. LOL Europe needs to get rid of the Managers in Brussels.
DM Deutsche Mark.

 

[hattaresguy]

Greece needs to get out of the Euro

Russia doesn't care about Greece, only the Ukraine and the Baltic countries. Russia is also broke.


Greece is a bad investment, if they [censored] off the EU they are done for a few decades. No one is going to loan them money. All Greek's have 10-30 years of very spartan living to look forward to if they don't do a deal in the next week.

 

[Win]

Originally Posted By: Shannow
Originally Posted By: SteveSRT8
China is already hard at work leveraging their interest in our country by negotiating a swap of worthless debt instruments for real property.

With our current excellent negotiators and expert foreign policy personnel we can expect to lose everything!


They are busy buying up Australian farms and properties as well.

It's pretty clear that they want assets rather then promises.


Who wouldn't? It's called real property for a reason.

 

[grampi]

Originally Posted By: HTSS_TR
Originally Posted By: Doog
We are only $6Trillion away from the same thing

We are 1 phone call from collapse, if China makes a phone call to demand pay back their Trillions Dollar loan, we will be in the same boat as Greece.


First off, they can't do that. Secondly, even if they could, they wouldn't. If our economy tanks, so does theirs...why would they do that to themselves?

 

[HTSS_TR]

Originally Posted By: grampi
Originally Posted By: HTSS_TR
Originally Posted By: Doog
We are only $6Trillion away from the same thing

We are 1 phone call from collapse, if China makes a phone call to demand pay back their Trillions Dollar loan, we will be in the same boat as Greece.


First off, they can't do that. Secondly, even if they could, they wouldn't. If our economy tanks, so does theirs...why would they do that to themselves?

I didn't say they would or should do that, what I am saying is we owed them so much such that they may pressure us in some conflicts, and we have no choice but to give some concessions.