This time the EU is getting tired of it. How many billions more will they throw down the hole? one more time at least I'M guessing. http://www.boston.com/news/world/europe/2012/08/26/report-germany-seeks-european-integration-pact/FcUOK0FR3XWHCUpMq4oBML/story.html
The world is playing right into the hands of Greece and now they know that they have the winning hand... at least until November....
ReplyDeletehttp://www.independent.co.uk/news/world/europe/obama-asks-eurozone-to-keep-greece-in-until-after-election-day-8076852.html
I missed that one. Kinda like Obama telling the Russians to wait until after the election before Obama mouthballs European defense shield.
DeleteThink Greece is bad, wait until Italy, Spain and France continue their failed policies. One's bad, 3 will be worse.
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ReplyDeleteDid you see Argentina is now experiencing 20% inflation according to private economists? This is exactly what I predicted when what's her name started Nationalizing things like the oil company. Venezuela has nationalized much of it's oil industry and can't do the maintenance required to keep those things running so 40 people died there in an explosion this weekend. If it wasn't for the Chinese, the Venezuelan out put would be even much smaller.
What do you suppose the real inflation rate is here??
ReplyDeleteI see 30% on food related items before the horrible harvest this fall which will force prices even higher.
Pork is still cheap however Burger 80/20 $2.99 on sale. Becoming a vegetarian is looking better all the time.