From a German newspaper:Greece teeters on the verge of bankruptcy

http://www.spiegel.de/international/...617915,00.html

Over? It hasn't even begun yet.
Recession? No. The start of a Depression.

Supply and Demand.
Workers are being imported in massive quantities, while jobs are being exported in massive quatities. (They call that Free Trade.) The longterm result is:
More available workers + Less available work = Lower wages.
Translation: Mass poverty, the further erosion of the middle class, a more easily controled peasant class.

A country that no longer produces it's own goods, and imports more than it exports, is on the fast track to the Third World. The reality is that we've been sold out.

Personaly, I always have, and continue to do very well in a bad economy.
Overall, the bad news is that it's going to get alot worse. The only way to turn it around is to restart to produce our own goods and curb immagration. Nobody needs any more competition for the available jobs than they already have.

High tarrifs provide an alternative to government funding from the abused high income tax. They also give domesticly produced goods an advantage over imports. Another plus is that high tarrifs place the tax burden on those corporations, and individuals, that created the present situation, and take it off the individuals who are already struggling to survive.

I figured out where OR and WA are spending all of their stimulus dollars, making highway signs saying how many jobs the state has created.:shifty:

Let'S put it that way: the next bubbles is already being fabricated. Banks have learned nothing and alraedy act as unscrupellous - if not more - as before. National debts are skyrocketing. Dubai.

the only positive thing I see is the Chinese. Although they may be motivated by self-interest (like all others, too), their resistance to American pressure to change their currency policy, in the end adds a stabilising effect to the global financial market, while it would be highly destabilising if they comply and start to make the same mistakes America has done.

Not only is Mandarin the language of the future, but the Yuan could become the currency of the future, too. I think it could even leave the Euro behind.

The euro is a paradox. It is strong, stronger than the dollar. And by that it works to the disadvantage of europe. A result is that many major production companies have started to relocate production capacities from Europe to the US, especially carmakers. I think this effect was not what they aimed at when introducing the Euro. Reminds of the boomeranging of globalisation.

I got a call from KR (New Zealand's Railway) that my application to become a EMU driver has been declined and to make it even more obvious one of the steel companies in New Plymouth have decided to hire immigrants and started sacking NZ'ers working in the factory since the beginning of the year,now how do I survive in NZ without a job,the option is you can get on the dole but it stinks.I have heard from other NZ railfans that the NZ railways have even taken to recruiting immigrants and illegals as well,lots of NZ'ers are already out of work and on the dole (benefit)