[virgind]

Can that and/or will that happen here some day.

[fred53]

1) "Greek" banks...not "Greece"
2) Yes that could happen...I will not worry about it or think on it as there is nothing I can do if and when it might occur

[dewilson58]

Such a small economy is having such a large impact on all the financial markets. Need (my opin) to let it fall and force them into adjustments since their leaders will not.

[Topspinmo]

This will probably set up domino effect IMO, Italy, Protuigal, Ireland, couple more I can't think of are probably next. Google U.S. debt clock click on world debt at the top. There are lots of countries ready to fail. This will all effect the dollar, China looks pretty peachy, all in the name of greed and cheap/slave labor. Amazing what 100 years can do for country that couldn't forge shovel or rake.

[Villager Joyce]

If you have $1 million in cash and the banks close, how long does that $1 Million have any value? I'm being serious.

[dewilson58]

Originally Posted by Villager Joyce

If you have $1 million in cash and the banks close, how long does that $1 Million have any value? I'm being serious.

The problem is........it's not in dollars, it's in euros.

Euros are "good," the ugly comes when the Greeks create their own currency and converts the euros into Baklava (or what ever they call their currency)

[CFrance]

Baklava?

[Ecuadog]

Pastitsio?

[tkret]

Originally Posted by virgind

Can that and/or will that happen here some day.

Puerto Rico is in BIG trouble and the U.S. taxpayers will be bailing that place out next.

[Bavarian]

There are too many people in Europe living on Government handouts. The Euro, I am afraid will go down. Look how European banks fell overnight, our Market is falling like a rock today.

That is what happens when you run out of other peoples money.

This has been predicted for a long time and now it happened. Should have taken money out of stocks and cash and bought Schnaps.They would hold value.

[Topspinmo]

Originally Posted by Bavarian

There are too many people in Europe living on Government handouts. The Euro, I am afraid will go down. Look how European banks fell overnight, our Market is falling like a rock today.

That is what happens when you run out of other peoples money.

This has been predicted for a long time and now it happened. Should have taken money out of stocks and cash and bought Schnaps.They would hold value.

IMO any money I would be buying for future security it would be Yen

[Paper1]

Originally Posted by Bavarian

There are too many people in Europe living on Government handouts. The Euro, I am afraid will go down. Look how European banks fell overnight, our Market is falling like a rock today.

That is what happens when you run out of other peoples money.

This has been predicted for a long time and now it happened. Should have taken money out of stocks and cash and bought Schnaps.They would hold value.

We are Greece. The only difference is we have a money printing machine and they do not. Look at the wonderful community we live in. One of the fastest growing economies in the country but it is driven by deficiet spending, money borrowed from the next generation. My guess is there is more tax payer, unfunded payments coming here per acre than any place in the United States. But reading Village Sun and reading this forum we are a very conservative bunch. Doesn't make sense does it?

[dewilson58]

Bye Bye