"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Greece Has Defaulted – Which Country In Europe Is Next?
Submitted by Melinda L. Secor on Sun, 2012-03-11 02:00
"So why should anyone invest in Portuguese debt at this point? Or Italian debt? Or Spanish debt? Or any European debt at all? The truth is that the European financial system is a house of cards that could come crashing down at any time. German economist Hans-Werner Sinn is even convinced that the European Central Bank itself could collapse."
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