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Old 09-07-2011, 18:43   #13
gotplastic
Senior Member
 
Join Date: Feb 2008
Posts: 301
Quote:
Originally Posted by cowboy1964 View Post
Europe is what's going to crash everything globally. Germany or someone will walk away from the Euro and that will be that. Unfortunately I entirely expect the U.S. and the IMF to bail them all out instead, adding trillions more to our debt.
Germany is fine, they won't bail the EU on their own though. As long as France holds together than the EU is fine. If France falls then Germany bails on the Euro. The US and IMF can't bail them out, the IMF is just a bank with various gov'ts as their depositors, if the gov'ts dont have money to deposit then the IMF doesnt have money to lend.
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