[gunsequalfreedom]

New York Times ran a great graphic that showed all the billions in cross-borrowing between many European nations. Looked just like a pyramid scheme. It will be a miracle if it does not come crashing down.

[2ndDivisionVet]

BLOAT and buy as much canned food as you can afford and store water.

[unkus]

If the trouble starts — and it remains an “if” —

---

“If”, my rear. “When” is more likely.

We’re in for it.

[ErnstStavroBlofeld]

The Europeans need to do is to make severe cutbacks in their social “saftey net” programs. Sweden spends 31 percent of their GDP toward social spending.

[FormerACLUmember]

EuroSocialism is beginning to completely collapse.

Greece is unsustainable as a nation state thanks to the leftists.

The very same psychotic EuroSocialism the democrats are creating in the USA as we speak.

[Plutarch]

But the knife-edge psychology currently governing global markets has put the future of the U.S. economic recovery in the hands of politicians in an assortment of European capitals.

Obama has his excuse for a double-dip recession (aka depression) right here. The economic recovery was going great, but then those dang Europeans ruined things.

[blam]

Week Already Off To A Weak Start: Nikkei Down, S&P Futures Down

[lmr]

‘One wrong move’... You see, it’s a house of cards and now practically everyone is saying it.

[garyhope]

The “trouble” started in Nov. 08 when the idiots elected Obambi and Pelousy.

It all starts with socialism when we ran out of “other people’s money”.

[blam]

Latest U.S. GDP Forecasts Make The Eurozone Crisis Look Way Over Hyped

[counterpunch]

Why should the European capitols tighten their belts when the US administration is living larger than ever?
America sets the example in the world, and we’ve been setting a terrible one these last couple years.

[fire4effect]

Thank god the american gov pensions are safe...would not want any of them greek-style riots here

[grey_whiskers]

"If what happened in Greece were to happen in a large country, it could fundamentally mark our times,"[said] Angelos Pangratis [snip]

And there you have the problem with Greece.

Look at his name.

They think everything's free.

Cheers!

[onona]

Ping

[RSmithOpt]

I find it interesting that very very who speak or write about the impending (sure to come) financial meltdown of Europe, China, and the US accurately addresses the cause(s) of the peril we all now face.

Basically, governments are just too big now. They have been grown using 'good times' revenue scenarios to project future income coupled with paper growth of fictitious wealth from the global derivatives Ponzi Scheme.

With so much global manufacturing having shifted to Asia / India, just how the F did the US and European politicians think money that once stayed within their borders from domestic industry was to remain in the country, not to mention how they were to long term finance goobetrmint and private pensions??

[Oceander]

But hey, what, us worry? Greece is, like, the Democrats'/liberals' political wet-dream - everyone on the take from the government, and everyone unionized.

Who is this clown kidding, anyways? The basic descriptive facts - i.e., the dominoes all lined up - may be correct, but the cause is not ascertained, or ascertained correctly. But for our idiotic, fascist liberal rulers, we'd not be just another one of the dominoes lined up to fall for the Greece effect. Stupid effing liberal.

[Liz]