Friday, April 02, 2010

The IMF should impose default on Greece to end the charade

As ever, AEP sticks to his Keynesian analysis of the 1930s bust - I do wish he would let that university brainwashing go - but is once again 'bang on the money' with his summary of what is currently happening to the Euro, particularly as it applies to Greece.

So when will the cracks in the Earth come? Just when will the Supervolcano of the Euro explosion blow?

Who knows, pilgrims. But that magma chamber of debt underlying Yellowbrussels park is sure gettin' hot, ya hear me, hotter'n a hen in a wool blanket, hotter'n a burnt boot, yeah heck, hotter'n a two-dollar pistol!

And we've still got Portugal, Italy, and Spain to go fuel the fire yet!


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