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Sunday, November 20, 2011
Greece is bankrupt whether Europe likes to admit it or not
Marc Faber : Greece is bankrupt whether Europe likes to admit it or not, and the European Central Bank will print money to postpone a systematic failure.
From all perspectives Greece is the Nauru of Europe demonstrating the impossibility of saving a nation that is largely depleted of natural resources,particularly when more essential elements such as oil are becoming scarcer and more expensive.How do they trade for this key resource? With Sheep? It will be the first of many failed nations that cannot be cured by a reshuffling of abstract constructs in an attempt to solve actual physical conditions. The lack of insight and perspective among those who call themselves leaders is more than shocking.
From all perspectives Greece is the Nauru of Europe demonstrating the impossibility of saving a nation that is largely depleted of natural resources,particularly when more essential elements such as oil are becoming scarcer and more expensive.How do they trade for this key resource? With Sheep? It will be the first of many failed nations that cannot be cured by a reshuffling of abstract constructs in an attempt to solve actual physical conditions. The lack of insight and perspective among those who call themselves leaders is more than shocking.
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