It's been looking for some time as if Greece is doomed to drop out of the Eurozone. The German taxpayer is not going to go on paying for the Greek non-taxpayer, and the French banks are already feeling the pinch. Portugal and Italy may soon follow... after which the whole Eurozone will collapse. Then how will that affect the dollar?

They can't just go on printing banknotes, or they will find themselves in a situation like the Weimar Republic... or Zimbabwe. The only possible saviour appears to be China, who have the money, but have shown no signs yet of wanting to 'buy a country's economy'. More than half the world's total bullion and foreign exchange reserves are in Asia (China and Hong Kong having the highest reserves, I think).

One by-product of a Greek failure would be the reappearance of the world's oldest currency, the drachma.

Realistically?

Dissolve the EU as a body.

Quite frankly for whoever has the answer, there's a job waiting for you in Brussels; or do they stash the loot in Luxembourg ?

Finally! It was about time that the EU asked ThaiVisa for advice. After all, all the experts are posting here.

I would solve the Eurozone problems by drinking more.

I'm not sure how effective it would be.

When the only tool you have is a hammer, everything looks like a mole.

SC

I would solve the Eurozone problems by drinking more.

I'm not sure how effective it would be.

When the only tool you have is a hammer, everything looks like a mole.

SC

It would indeed help, because you would increase the GDP and at the same time put tax money into the government's coffer. This way, they will have more money to spend, doing "something" (whatever it is they are supposed to do).

I would solve the Eurozone problems by drinking more.

I'm not sure how effective it would be.

When the only tool you have is a hammer, everything looks like a mole.

SC

It would indeed help, because you would increase the GDP and at the same time put tax money into the government's coffer. This way, they will have more money to spend, doing "something" (whatever it is they are supposed to do).

I'm worried about taxes. That would only encourage them. Sometimes even the nicest government needs some tough love, if it is to slim down.

SC

The first step in solving the Eurozone's debt problem is to consult with economic experts in the US. Listen carefully to everything they say, take detailed notes, then do the exact opposite.

If that doesn't finish them off, then send them Nick Clegg. The centre of all conspriracy theories. He would feel completely at home.

Invade Poland. It worked the last time.

Invade Poland. It worked the last time.

Won't work this time, they are all in England! No one's home.

The first step in solving the Eurozone's debt problem is to consult with economic experts in the US. Listen carefully to everything they say, take detailed notes, then do the exact opposite.

The only person with a real suggestion!

My two satangs worth...... Greece's economy is doomed anyway. If the EZ puts in $11 billion this week to stop it going bankrupt, it will only need more next week. The Greek unions won't play ball. So I say, let Greece go bust (and sorry about the German and French money, but they shouldn't have tried to patch it up in the first place) 'pour encourager les autres'.

Then, the somewhat shattered remnants of the EZ should get together and say, "That will happen to everyone who doesn't get their house in order in, say, 5 years". Financial parameters were set when the EZ was started, and have been disregarded by Portugal, Ireland, Italy and Spain; so they'd better shape up after seeing Greece's sad example.

Otherwise, I can't see anything better than zzaa's "Scrap the whole thing".

My two satangs worth...... Greece's economy is doomed anyway. If the EZ puts in $11 billion this week to stop it going bankrupt, it will only need more next week. The Greek unions won't play ball. So I say, let Greece go bust (and sorry about the German and French money, but they shouldn't have tried to patch it up in the first place) 'pour encourager les autres'.

Then, the somewhat shattered remnants of the EZ should get together and say, "That will happen to everyone who doesn't get their house in order in, say, 5 years". Financial parameters were set when the EZ was started, and have been disregarded by Portugal, Ireland, Italy and Spain; so they'd better shape up after seeing Greece's sad example.

Otherwise, I can't see anything better than zzaa's "Scrap the whole thing".

Thank you, you got it covered!

Does anybody know the email-address of the president of the EU, so we can forward this to him?

Once again, ThaiVisa saved the world. It's a good feeling to be part of it.

Both the dollar & the Euro are headed in the same direction.

The solution for both is the same....

"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved."

- Ludwig von Mises

It looks like both the Dollar & the Euro has chosen the latter

Many folks at time claim they fear a world currency. But the reality is through central banking

we basically have been on a world currency for some time now. IMHO

Another quote from LVM

Inflation can be pursued only so long as the public still does not believe it will continue. Once the people generally realize that the inflation will be continued on and on and that the value of the monetary unit will decline more and more, then the fate of the money is sealed. Only the belief, that the inflation will come to a stop, maintains the value of the notes.

I would say after TARP's/Bailouts/QE1 & QE2 + the recent swaps through central banks of dollars for Euro's & Europe leasing out its gold reserves...it is pretty obvious to the people that the monetary inflation will continue.

Watching the FED buy it's own IOU's/govt. bonds to the tune of 600 Billion a short while back should show those with even a mild interest in this mess where it is all headed.

Most understand that creating paper currency initially is the creation of debt. Someone has to buy that debt through sales of govt. bonds for that paper to have any power.

Folks like Japan & China use to buy it. These days it is the paper creators themselves that need to buy it.

They are buying it with guess what???

My two satangs worth...... Greece's economy is doomed anyway. If the EZ puts in $11 billion this week to stop it going bankrupt, it will only need more next week. The Greek unions won't play ball. So I say, let Greece go bust (and sorry about the German and French money, but they shouldn't have tried to patch it up in the first place) 'pour encourager les autres'.

Then, the somewhat shattered remnants of the EZ should get together and say, "That will happen to everyone who doesn't get their house in order in, say, 5 years". Financial parameters were set when the EZ was started, and have been disregarded by Portugal, Ireland, Italy and Spain; so they'd better shape up after seeing Greece's sad example.

Otherwise, I can't see anything better than zzaa's "Scrap the whole thing".

Thank you, you got it covered!

Does anybody know the email-address of the president of the EU, so we can forward this to him?

Once again, ThaiVisa saved the world. It's a good feeling to be part of it.

I still say we should invade Poland. Its crucial for the future of Europe. There's no one home? It should be easy then.

My two satangs worth...... Greece's economy is doomed anyway. If the EZ puts in $11 billion this week to stop it going bankrupt, it will only need more next week. The Greek unions won't play ball. So I say, let Greece go bust (and sorry about the German and French money, but they shouldn't have tried to patch it up in the first place) 'pour encourager les autres'.

Then, the somewhat shattered remnants of the EZ should get together and say, "That will happen to everyone who doesn't get their house in order in, say, 5 years". Financial parameters were set when the EZ was started, and have been disregarded by Portugal, Ireland, Italy and Spain; so they'd better shape up after seeing Greece's sad example.

Otherwise, I can't see anything better than zzaa's "Scrap the whole thing".

Thank you, you got it covered!

Does anybody know the email-address of the president of the EU, so we can forward this to him?

Once again, ThaiVisa saved the world. It's a good feeling to be part of it.

It's a nice change from saving the United States... which is what we seem to do most of the time!

My two satangs worth...... Greece's economy is doomed anyway. If the EZ puts in $11 billion this week to stop it going bankrupt, it will only need more next week. The Greek unions won't play ball. So I say, let Greece go bust (and sorry about the German and French money, but they shouldn't have tried to patch it up in the first place) 'pour encourager les autres'.

Then, the somewhat shattered remnants of the EZ should get together and say, "That will happen to everyone who doesn't get their house in order in, say, 5 years". Financial parameters were set when the EZ was started, and have been disregarded by Portugal, Ireland, Italy and Spain; so they'd better shape up after seeing Greece's sad example.

Otherwise, I can't see anything better than zzaa's "Scrap the whole thing".

Thank you, you got it covered!

Does anybody know the email-address of the president of the EU, so we can forward this to him?

Once again, ThaiVisa saved the world. It's a good feeling to be part of it.

It's a nice change from saving the United States... which is what we seem to do most of the time!

"Saving the United States"???

Have you been reading the same TV that I have? Seems like most of the posts on the US are too busy bashing it to try and save it.

Thank you, you got it covered!

Does anybody know the email-address of the president of the EU, so we can forward this to him?

Once again, ThaiVisa saved the world. It's a good feeling to be part of it.

It's a nice change from saving the United States... which is what we seem to do most of the time!

Can you elaborate?

The first step in solving the Eurozone's debt problem is to consult with economic experts in the US. Listen carefully to everything they say, take detailed notes, then do the exact opposite.

Not to worry, K!

The Chinese are on duty.....with their hands involved in everything.

Both the dollar & the Euro are headed in the same direction.

The solution for both is the same....

"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved."

- Ludwig von Mises

It looks like both the Dollar & the Euro has chosen the latter

Many folks at time claim they fear a world currency. But the reality is through central banking

we basically have been on a world currency for some time now. IMHO

Another quote from LVM

Inflation can be pursued only so long as the public still does not believe it will continue. Once the people generally realize that the inflation will be continued on and on and that the value of the monetary unit will decline more and more, then the fate of the money is sealed. Only the belief, that the inflation will come to a stop, maintains the value of the notes.

I would say after TARP's/Bailouts/QE1 & QE2 + the recent swaps through central banks of dollars for Euro's & Europe leasing out its gold reserves...it is pretty obvious to the people that the monetary inflation will continue.

Watching the FED buy it's own IOU's/govt. bonds to the tune of 600 Billion a short while back should show those with even a mild interest in this mess where it is all headed.

Most understand that creating paper currency initially is the creation of debt. Someone has to buy that debt through sales of govt. bonds for that paper to have any power.

Folks like Japan & China use to buy it. These days it is the paper creators themselves that need to buy it.

They are buying it with guess what???

Wow, what a nested quote. You must be genuine.

I especially liked: "it is pretty obvious to the people that the monetary inflation will continue." Spot on!

The only question is whether we are talking about 0.4% or 4% or 400%... per day or per month or per year. Please elaborate. I am always happy to learn from experts.

The only question is whether we are talking about 0.4% or 4% or 400%... per day or per month or per year. Please elaborate. I am always happy to learn from experts.

Excuse me if I have misread that but I will say I am no expert... just someone who is interested in the future financial direction of our country. Especially as I believe we owe it to the future generations to leave the country as well or hopefully better than it was left to us.

In any case....If your question is genuine you can look at the info provided by the true so called experts.

Those who control monetary policies & the fate of our (USA) nation as well as the nations of the world.

Because as I also said in my prior post... IMO the world is linked financially these days for numerous reasons.

So the wizards of monetary policy.....The FED Reserve

They have deemed it in their best interest to no longer publish the M3 report.

M3= M2 + large deposits and other large, long-term deposits

As of March 23, 2006 the FED reserve ceased to publish this information which was the monetary aggregate.

It was basically their belief that it did not matter. Some say it was done to hide the facts of major monetary inflation.

M1 reports do not include bank reserves so not a good indicator.

M2 reports do include the reserves so is a slightly better economic indicator of money currency in circulation/created

BUT...

M3 also included.. Large time deposits,large institutional funds balances, EURO dollar deposits, as well as repurchase agreements

I would think those things are important to achieving a true picture of the currency out there.

Anyway you can still view the FED Reserves M2 at their site & some sites like shadowstats still provide M3 type info in their own form.

The FED Reserve also publishes an adjusted monetary base (BASENS) graph

From these things you may find your answer

But as the first LVM nested quote in my last post said & I believe...there seems to only be 2 options.

Here is an example of the BASENS graph. From it you could roughly calculate your percentage of rise over recent times that you asked about.

As for the original topic of solving the Debt Problems whether Euro or USD

Again I refer to the original quote in my previous post.

Sadly it seems both the Eurozone & the USA believe they can expand the problem & create a solution.

I do not hold out much hope for that working.

Thank you, you got it covered!

Does anybody know the email-address of the president of the EU, so we can forward this to him?

Once again, ThaiVisa saved the world. It's a good feeling to be part of it.

It's a nice change from saving the United States... which is what we seem to do most of the time!

Can you elaborate?

The post was not meant seriously! Any more than Tom's was. The rest of the world's way of 'saving the US' is by pointing out all the mistakes it has made... and continues to make.

Basically what Flying and his sources seem to be saying is, "Not a hope, mate!"

Germany has indeed considered the possibility of a Greek bankruptcy. I heard a German politician say on BBC Hardtalk yesterday, "We have several scenarios." So it's all in good hands... perhaps.

The first step in solving the Eurozone's debt problem is to consult with economic experts in the US. Listen carefully to everything they say, take detailed notes, then do the exact opposite.

The only person with a real suggestion!

My two satangs worth...... Greece's economy is doomed anyway. If the EZ puts in $11 billion this week to stop it going bankrupt, it will only need more next week. The Greek unions won't play ball. So I say, let Greece go bust (and sorry about the German and French money, but they shouldn't have tried to patch it up in the first place) 'pour encourager les autres'.

Then, the somewhat shattered remnants of the EZ should get together and say, "That will happen to everyone who doesn't get their house in order in, say, 5 years". Financial parameters were set when the EZ was started, and have been disregarded by Portugal, Ireland, Italy and Spain; so they'd better shape up after seeing Greece's sad example.

Otherwise, I can't see anything better than zzaa's "Scrap the whole thing".

No, I disagree; I'm with Smokie on this one. Ifr drinking too much doesn't make the problem go away, we should invade Poland. I don;t think its right to fight fire with fire, and since the problem is financial, we need a non-financial solution.

SC

Basically what Flying and his sources seem to be saying is, "Not a hope, mate!"

Germany has indeed considered the possibility of a Greek bankruptcy. I heard a German politician say on BBC Hardtalk yesterday, "We have several scenarios." So it's all in good hands... perhaps.

I think it's more in the hands of a very few large banks in Germany and France rather than the policians. You have to look where the power is, not the talk.

Oh, and this thread is about Europe and the Euro, not about the US and the FED and the dollar. Some people seem to think everything is about the US.

Oh, and this thread is about Europe and the Euro, not about the US and the FED and the dollar. Some people seem to think everything is about the US.

I have mentioned a few times that it is all connected these days.

One does not move without affecting the other.

Go back to the start of this whole mess....or at least the first reaction Sept. 2008 & see for yourself.

Basically what Flying and his sources seem to be saying is, "Not a hope, mate!"

Germany has indeed considered the possibility of a Greek bankruptcy. I heard a German politician say on BBC Hardtalk yesterday, "We have several scenarios." So it's all in good hands... perhaps.

I think it's more in the hands of a very few large banks in Germany and France rather than the policians. You have to look where the power is, not the talk.

Oh, and this thread is about Europe and the Euro, not about the US and the FED and the dollar. Some people seem to think everything is about the US.

Two French and one German banks are in the world's top ten by assets, BNP Paribas being the largest with $2.96 trillion. They and Societe Generale (not in the top ten) are already hurting because of exposure to the Greek debt crisis. How much the banks control the politicians, or whether the politicians have any control over the banks, is anybody's guess. (The largest American bank, by the way, comes 7th; Bank of America, with $2.22 trillion)

Basically what Flying and his sources seem to be saying is, "Not a hope, mate!"

Germany has indeed considered the possibility of a Greek bankruptcy. I heard a German politician say on BBC Hardtalk yesterday, "We have several scenarios." So it's all in good hands... perhaps.

I think it's more in the hands of a very few large banks in Germany and France rather than the policians. You have to look where the power is, not the talk.

Oh, and this thread is about Europe and the Euro, not about the US and the FED and the dollar. Some people seem to think everything is about the US.

Two French and one German banks are in the world's top ten by assets, BNP Paribas being the largest with $2.96 trillion. They and Societe Generale (not in the top ten) are already hurting because of exposure to the Greek debt crisis. How much the banks control the politicians, or whether the politicians have any control over the banks, is anybody's guess. (The largest American bank, by the way, comes 7th; Bank of America, with $2.22 trillion)

Exactly. My guess is that banks that have more assets than many countries have yearly budgets will have more power than politicians.

Oh, and this thread is about Europe and the Euro, not about the US and the FED and the dollar. Some people seem to think everything is about the US.

I have mentioned a few times that it is all connected these days.

One does not move without affecting the other.

Go back to the start of this whole mess....or at least the first reaction Sept. 2008 & see for yourself.

Of course everything is connected. But you won't solve the Euro crisis by looking at the Fed.... You will have to look at Europe first.

Exactly. My guess is that banks that have more assets than many countries have yearly budgets will have more power than politicians.

The only thing against that is that the banks tend to spread their assets, so may have less power in any one country.

31 countries have a budget expenditure over $100 billion, and 120 are over $3 billion (Burma is #121). Most figures are 2009 or earlier. Greece ranks 26th with $142 billion.