These Greeks did not invent mathematics.
Europe will never learn that collectivism does not work. Neither have we. The great correction is coming.
RE: The great correction is coming.
I wrote this in another thread about Puerto Rico ( which was mentioned later in the above article )....
A little perspective.
Puerto Rico’s GDP is close to $103 Billion.
Their current debt ( which they can’t pay ) is $72 Billion.
This is just $30 billion less than their GDP. Yet, they are flirting with default.
Now consider the USA, which is supposed to help them.
Our GDP is $17 Trillion. However our debt ( which does not include unfunded future obligations ) is $18 TRILLION !!
That’s MORE than our GDP.
The difference is we can print money and Puerto Rico can’t.
So, what makes people think that what’s happening in Puerto Rico won’t in the near future, happen HERE?