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2015-07-07 Europe

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Posted by g(r)omgoru 2015-07-07 04:21|| || Front Page|| [1 views ] Top

#1 Teaching point found at the closing:

Unfortunately we still live in a world governed by ancient 19th century Marxian ideas, where politicians regard information as infinitely corruptible, in a world where lies are not only common, but the stuff of power, the very sinews or privilege. A financial crisis occurs when information goes so far out of whack with the physical world the music has to stop, and those without a chair must be booted off.

What a financial crisis does is bring an awakening world face to face with its own falsehoods. Suddenly they are in the nightmare world. But it’s a not a new world at all. Only the one the players had been constructing all along.

Emphasis in the last sentence, my own.

Posted by Besoeker 2015-07-07 09:40|| 2015-07-07 09:40|| Front Page Top

#2 The Greece economy makes up 2% of the economy and population of the European Union. So why the stock market jitters unless this is an omen for other countries in the Euro Union--an ultimately the U.S.?

Posted by JohnQC 2015-07-07 10:11|| 2015-07-07 10:11|| Front Page Top

#3 Bingo, JQC

Posted by g(r)omgoru 2015-07-07 10:48|| 2015-07-07 10:48|| Front Page Top

#4 This is why John. China bubble popping and going global.

Almost every economy in the world has a bubble, in debt and not healthy. Greece could be the needle that pops the global balloon and the global economy collapses.

Posted by DarthVader 2015-07-07 11:57|| 2015-07-07 11:57|| Front Page Top

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