RE: SYSTEMATIC Relief or Hubris...come on eigen337, seen ur posts over the past years on several boards, mostly well funded and useful...
but over the past couple days you seem to be infected by the roubini-faber-virus.
uk is close to broke (lucky them for not paying), us is close to broke, all western countries (so called 1st world, sorry but usa is NOT first world... only like to be called that way..., maybe better term would be western economies)
are broke... they've been for many years, i had that "living on credit"-discussion 20 years ago, the system did not stop...why? think about globalization, yeah, magic word! translation needed? exploit the poor! valur ctreation! it will go on just because of human nature.
its not about greece, it's not about eu, it's not about usa, it's only about fear and greed, and we are in a fear phase right now
AND if the system fails (and for sure it will, but probably not now... how long can u kick a can down the road?) capitalism will end, and paper money, shares or precious metals won't have any value anymore
anyone thinks goverments will let this happen??? come on! you want to get back to socialism? good old udssr style?
greece is just the daily soap to keep your mind away from what is really wrong (u know: banks).
and hey, journalists are the worst, they will print anything as long as they get their living from it.
and one more hey, if sentiment peaks it's time to buy or sell! ur decision.
enjoy life & eigen337, keep posting, you're one of the few valuable posters!
Zurigo