[ROLF of the HILL COUNTRY]

Would one of the really financially astute folks here spell out what all this means for us in the USA?

I learned in history that our “Great Depression” started ultimately in post WWI Germany as a result of the unjust and enormous war reparations debt imposed by the allies. What is likely to happen here, now?

[alexander_busek]

I learned in history that our “Great Depression” started ultimately in post WWI Germany as a result of the unjust and enormous war reparations debt imposed by the allies. What is likely to happen here, now?

Language is a tricky thing. Observing that the economic upheaval of the late-1920s and early-1930s "started" in Germany should not be construed as meaning that the rest of the world (including America) was "infected" by a contagion emanating from Germany or that the Weimar Republic was the first domino to fall, thus triggering a global conflagration (sorry for the mixed metaphor there).

I think that it would be fairer to say that post-WWI Germany was simply somewhat weaker and so was merely the first "naked swimmer" to be revealed when the "tide went out" (to mangle an analogy coined by Warren Buffet).

Regards,

[TruthConquers]

Basically, the banks all have exposure to each other because they all hold Greed Debt. (LOL, Greek debt)

The best place to have a clue has to what is going on is ZeroHedge. They are mostly Ron Paul supporters, and mostly libertarain. But their financial reporting is the best.

Here are a couple of their recent threads. One on Greece that might answer your question and another one for fun:

http://www.zerohedge.com/news/mark-grant-forthcoming-hellenic-curse

http://www.zerohedge.com/news/12-year-old-girl-crushes-canadian-and-american-dream

I used to be rather uninformed on these issues, but this site has brought me up to date.