And yeah Carl, that Goldman gang is a den o’ snakes. Paulson is my “favorite” viper. Geithner’s a mere worm.

Seemingly Goldman was involved with illegal currency swaps with Greece and other EuroUnion aspirant nations which was against the rules concerning membership. So it seems that Greece along with other nations they’ve foolishly accepted into the fold were engaged in cooking their books too now wanting a bailout associated with their national profligacy.

http://www.moneyandmarkets.com/the-future-of-the-euro-in-question-2-37874

I thought I’d provide a “Money and Markets” link with a currency trader/expert Bryan Rich’s comments concerning this unfolding debacle and its impact on the Eurozone currency system. This articls is provided by Weiss Research. Other than subscribing to this free newsletter I have no vested interest in the company. I suggest other readers register to receive “Money and Markets” newsletters. They are not only informative, but just might save your financial bacon.

Since your post, it seems Doug has activated the “Preview” function. : )

Carl Nemo **==

http://www.leap2020.eu/GEAB-N-42-is-available!-Second-half-of-2010-Sudden-intensification-of-the-global-systemic-crisis-Strengthening-of-five_a4294.html

And shows the invisible hand of Goldman Sachs at work there too.

Setting socialism aside, it’s hard to believe, but what pushed the country over the edge was the mind-boggling amount of money they spent on the Athens, Olympics. They went screaming yellow zonkers nuts as if the amount spent was of no concern. Now they’ve paid the price as a function of the downturn in world markets, shipping etc.

This is an example of a nation as the U.S. and many other countries in the West that do not live by the old saying “waste not, want not”. : |

Carl Nemo **==

The next Greece?

We simply cannot afford their corporatist friendly healthcare program…period!

To date, he and his retread appointees have done nothing that’s visibly beneficial for “We the People”. Everything he and his party promotes is suspect, dysfunctional or broken.

They need to sit down and chop 1.2 trillion dollars across the board from all programs asap; ie., defense, social services etc. and demonstrate to those that lend us money that we have a serious interest in running a balanced budget then the U.S. might again regain stature as a fiscally responsible nation of some measure.

Just as a smart homeowner sends in an extra hundred to couple hundred bucks a month to reduce principal on a mortgage we need to come up with a public debt reduction tax for the 12 plus trillion we owe and to start making an attempt although feeble to reduce this debt over time; ie., anything to demonstrate to those that risk their money in the U.S. T-bond market that they aren’t handing their money over to potential national bankruptees. : |

Carl Nemo **==