NOW THAT THE GREEK AND FRENCH ELECTIONS ARE OVER, IS IT OVER FOR THE EU ONCE AND FOR ALL?
Drue-AFCL
2012/05/07 19:28:46
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Top Opinion
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Billyk75 2012/05/07 20:05:59YES





















And most likely, there will be a new holocaust, this time, it will be the Muslims facing the chambers.
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The situation in Greece is still fluid. Since no single party won enough votes to form a government, they will have to form a coalition government (not likely), so there will probably be new elections in June.
And when the wealthy have all fled they'll turn ire against the immigrants and the Muslims. It will not be pretty.
Guest Post: Presenting The US Government’s Infographic Of Its Own Insolvency
" $454,393,280,417.03 (nearly half a trillion dollars) that the US government spent on interest last year.
To put this number in perspective, the US paid more in interest last year than the entire GDP of Saudi Arabia, or the combined GDPs of the smallest 82 economies in the world. Not exactly a trivial number… unless you’re Tim Geithner.
A few days ago, Geithner quipped on NBC’s Meet the Press that there is ”no risk” of the US turning into Greece over the next few years due to such extraordinary fiscal imbalances.
This is the same guy who said there was no risk of the US losing its AAA credit rating, and that inflation on a global level is “not high on the list of concerns…”
Whether it’s lies, ignorance, or arrogance is irrelevant at this point. The situation is what it is. It’s not going to go away just because the political leadership denies it."
http://www.zerohedge.com/news...
Millions upon millions of people would see their mortgage rates go up a lot overnight and there would be mass displacement of people through widespread foreclosures. It's not the right time to quit the Euro, but it should be rethunk in ten years when things have recovered.