danivon wrote:Suddenly you agree with the guy? Gosh, golly gee.
geojanes wrote:As I've said before, your notion of the Euro failing ("Death Knell") is probably very different than most people. If Greece ends up dropping the Euro and reviving the Drachma, I don't think many people would say that is evidence the Euro failed. Rather, I would think that such an event would be evidence that Greece failed and was not able to bring the Euro down with it.
I was going to make a similar point. Hopefully, we won't see Goldman Sachs or their ilk helping countries lie so that they appear to be much healthier than they are as well.Javelin wrote:Should they succeed, then the Euro may well come out of the present crisis stronger and more stable. Will they? Only time can tell. After all, no-one has ever tried to do something like the Euro before, so there are no precedents here to be examined and considered.
You'll have to remind where I made such a prophesy. I just disagree with your doom-mongering.Machiavelli wrote:Heh. My prophecy is no more vague and open-ended than the one you appear to subscribe to, which seems to be that the Euro will be around in some form or other for the remainder of our lifetimes.
Well, if we set an amount in dollars, I can easily get some. I was only thinking of around 5-10, a notional bet. As long as you put yours into Sterling, lest the USA collapse once China's bubble bursts messily.As to your wager, Dan, when the Euro collapses the economies of Europe will be so devastated that you won't have anything to pay me with (and I wouldn't have the heart to enforce the bet if you did), so my conscience requires that I decline.
Greece/Goldman Sachs was a pretty special case. And there's misleading on debt to the public, and lying on debt to the central banks. Very different kettles of fish.As for countries lying about their debt--that's what governments do. I can't imagine that they'll stop now.
Yeah, right. Just like you are sure we will be dhimmis within a generation as well. By the way, a centrifugal force is simply a reaction to the centripetal force that keeps a rotating object in orbit. What most people think of as the 'centrifugal force' is actually known as the 'ficticious force', due to the observer bias it arises from.And just for the record--I'm not a proponent of Euro-dissolution and I sincerely hope that I'm wrong--I'm just observing what appears to me to be unstoppable centrifugal forces that will tear the European monetary union apart.
Yes, that's what a 'reaction force' is, but most people's conception of centrifugal force is different.Machiavelli wrote:I believe what most folks think of as centrifugal force is actually just linear inertia opposing whatever is attempting to make an object move in an angular manner--which also seems to tie up pretty nicely.
Who made that estimate? Is it still reflective of a country seeing economic problems? Wouldn't some of the immigrants to Greece also be likely to come from Balkan nations?As for your becoming dhimmis--it seems to me the jury is still out, though I note that Greece, on the frontier with Islam, has an estimated 2 million illegal immigrants (almost all Muslim) out of a population of less than 12 million and is adding something on the order of another 200 thousand per year. With 20% of its indiginous population over 65 and a fertility rate well below replacement rate, it appears Greece will become a majority Muslim country within the next 15 years.