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To: blam; FromLori
So, what is your best guess? IF any of the "pigs" Porugal, Italy, Ireland, Greece and Spain actually default?

What happens then, and how does it impact the global economy; how does the collapse of the Euro impact new economies like India or China?

What will become of America and its Dollar, if the worst case scenario occurs in Europe??

Thanks.

3 posted on 02/06/2010 7:21:03 AM PST by hennie pennie
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To: hennie pennie; AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; ...

http://www.freerepublic.com/focus/news/2445347/posts?page=13#13


10 posted on 02/06/2010 8:05:30 AM PST by SunkenCiv (Happy New Year! Freedom is Priceless.)
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To: hennie pennie

My Best Guess is our dollar will eventually collapse too.

Did you see this video?

http://beforeitsnews.com/story/16202/Congress_raises_debt_limit,_then_votes_to_curb_spending.html


11 posted on 02/06/2010 8:12:45 AM PST by FromLori (FromLori)
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To: hennie pennie

No one knows, but it won’t be good. The world is so interconnected that the collapse of Europe will cause signficiant disruptions around the world. We will lose markets and suppliers. Financial institutions will collapse and credit markets would freeze much worse than we saw in the fall of 2008.

Both China and India will lose large markets. Russia will have a very large playground but it will lose a market for its oil and gas.

It would be a bad time.


12 posted on 02/06/2010 8:37:20 AM PST by Tom D. (Beer is proof that God loves us and wants us to be happy. - Benj. Franklin)
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