I don’t know if this is a selfish opinion. Well, never mind, that was a rhetorical statement, it is a selfish opinion, but I don’t care. The dollar is weakening because of American stupidity, but luckily, we aren’t the least fiscally responsible nation on the block. That title would go to Greece, which lied about its projected budget and also about its cash reserves, by saying that it actually had cash reserves, which it doesn’t. Why is Greece in debt? Well, because its mostly socialist. A lot of Greek debt comes from the fact that it shells out money like republicans at a bondage themed strip club. Greek’s get a bunch of free money, just for being greek apparently. The greek government has introduced a bunch of resolutions to try and lower there budget, and the best part is that people in Greece are pissed because they’re entitlements are drying up. Oh, how I laugh. But onward…
So Greece basically has no money and a lot of debt, and needs to sell bonds to have a chance of paying off that debt. Unfortunately for Greece, fortunately for the united States, no one is buying Greek bonds, at least not enough people think the Greeks can be trusted to pay them.
Which makes Greece’s problems worse.
Why does this matter, you might be asking, and I’ll tell you why I think it matters.
Greece is part of the E. U, Europe’s desperate attempt to stay relevant in a world which is rapidly leaving France and Germany behind.
The EU is like that group of geeks in you’re high school. By themselves, none of them were popular, but together, they could create the elusion of popularity.
The EU is sort of what the United States was under the articles of confederation. More of an economic alliance than a state. Sure, there’s a certain amount of homogeneity required, basic standards of human rights have to be met before someone is allowed to join, but the main thing about the EU is the currency, the Euro.
The Euro’s been strong against the dollar since its creation, bolstered by a peaceful Europe and no economic strife. But all that has changed.
Greece is falling into a tailspin of debt which it can’t cover by itself, and I love this part, no one else wants to cover the debt for it, some union. So the Euro is dropping in response. Over the last couple of weeks, the Euro has dropped twelve cents against the dollar. As of this writing, its now hovering around 1.33 U.S. dollars. Let it continue to drop as the dollar strengthens based on surprisingly robust job gains for March.
Now, this is the best part. I’m sure you’ve heard the saying when America sneezes, the rest of the world gets a cold? Well, if you haven’t, it means that when America has a few economic problems, the world has a lot of economic problems, because we matter so much, well, luckily, that saying doesn’t hold true in reverse. When Greece gets a cold, America’s just like, “Will you stop blowing you’re nose so loudly?” and then it exploits the situation.
So, if you’re religious, pray that Greece doesn’t start recovering until it damages the EU further, dividing it up back into little countries with separate currencies once again. A bit of a fantastic supposition, but a man has to have dreams even if they are boring economic ones.
Pages & Rages 
Olives can’t save Greece!
I don’t know if this is a selfish opinion. Well, never mind, that was a rhetorical statement, it is a selfish opinion, but I don’t care. The dollar is weakening because of American stupidity, but luckily, we aren’t the least fiscally responsible nation on the block. That title would go to Greece, which lied about its projected budget and also about its cash reserves, by saying that it actually had cash reserves, which it doesn’t. Why is Greece in debt? Well, because its mostly socialist. A lot of Greek debt comes from the fact that it shells out money like republicans at a bondage themed strip club. Greek’s get a bunch of free money, just for being greek apparently. The greek government has introduced a bunch of resolutions to try and lower there budget, and the best part is that people in Greece are pissed because they’re entitlements are drying up. Oh, how I laugh. But onward…
So Greece basically has no money and a lot of debt, and needs to sell bonds to have a chance of paying off that debt. Unfortunately for Greece, fortunately for the united States, no one is buying Greek bonds, at least not enough people think the Greeks can be trusted to pay them.
Which makes Greece’s problems worse.
Why does this matter, you might be asking, and I’ll tell you why I think it matters.
Greece is part of the E. U, Europe’s desperate attempt to stay relevant in a world which is rapidly leaving France and Germany behind.
The EU is like that group of geeks in you’re high school. By themselves, none of them were popular, but together, they could create the elusion of popularity.
The EU is sort of what the United States was under the articles of confederation. More of an economic alliance than a state. Sure, there’s a certain amount of homogeneity required, basic standards of human rights have to be met before someone is allowed to join, but the main thing about the EU is the currency, the Euro.
The Euro’s been strong against the dollar since its creation, bolstered by a peaceful Europe and no economic strife. But all that has changed.
Greece is falling into a tailspin of debt which it can’t cover by itself, and I love this part, no one else wants to cover the debt for it, some union. So the Euro is dropping in response. Over the last couple of weeks, the Euro has dropped twelve cents against the dollar. As of this writing, its now hovering around 1.33 U.S. dollars. Let it continue to drop as the dollar strengthens based on surprisingly robust job gains for March.
Now, this is the best part. I’m sure you’ve heard the saying when America sneezes, the rest of the world gets a cold? Well, if you haven’t, it means that when America has a few economic problems, the world has a lot of economic problems, because we matter so much, well, luckily, that saying doesn’t hold true in reverse. When Greece gets a cold, America’s just like, “Will you stop blowing you’re nose so loudly?” and then it exploits the situation.
So, if you’re religious, pray that Greece doesn’t start recovering until it damages the EU further, dividing it up back into little countries with separate currencies once again. A bit of a fantastic supposition, but a man has to have dreams even if they are boring economic ones.
greek debt
political commentary