Greece WILL default on its debts ....

[Paddy]

I've never heard of Max Kaiser before, but I just found this video of hiim on Youtube explaining the Feds QE policy.
Doesn't sound like a serious economist to me....

Keiser has been involved with markets and finance for 25 years. He started his career as a stock broker on Wall Street after graduating from New York University

Max Keiser - Wikipedia, the free encyclopedia

[Freamon]

I've never heard of Max Kaiser before, but I just found this video of hiim on Youtube explaining the Feds QE policy.
Doesn't sound like a serious economist to me....

Given how wrong most so-called serious economists have been over the last few years that's probably not a bad thing.

[AtW]

It will all end just fine (apart from a few dirty spekulants).

[BrilloPad]

Anyone know first or second-hand what it's like in Greece at the moment? Michael Portillo on this Week, this week, painted a pretty bleak picture.

I read an article recently saying Greeks are giving up their kids! Lucky sods......

[Paddy]

I read an article recently saying Greeks are giving up their kids! Lucky sods......

I thought that was about Greek farmers and bestiality

[d000hg]

I wouldn't mind a loan like that, we'll lend you 'x' and all you have to pay back is 50% or maybe less than the total amount that has been lent to you. Sounds like a bargain

Happens all the time with personal debt too... if you approach a debt counselling group like citizens' advice or CAP, they make your creditors realise that unless they reduce their demands to something affordable, the debtor will simply go bankrupt and they will get nothing.

[The Spartan]

Thing is though at some point shouldn't they just say 'no more' it's like pouring money away, isn't it better to cut your losses sometimes

[Old Greg]

Thing is though at some point shouldn't they just say 'no more' it's like pouring money away, isn't it better to cut your losses sometimes

Agreed. No point in the Greeks paying anything back. Total default, new currency and devalue to competitiveness is the only way.

[The Spartan]

Spot on there, a lot of people I know used to enjoy going on holiday in Europe but since the introduction of the euro it has gotten increasingly more costly to holiday there.

[sasguru]

When will Greece default? That's the only question worth asking.