1.FUTURE PIVOTAL COUNTRIES !

    In the Americas  Obviously the United States has secured its position, thanks mainly to its legal inhabitants exercising their rights t...

About Me

Retired but always looking for new challenges.

Sunday, May 20, 2012

Dramatic Happenings GLOBALLY

JUNE 2012
TIME TO STAND BACK ,TAKE A DEEP BREATH AND DO A SOBER REVEIW OF WORLD ECONOMIC CONDITIONS.

WE ARE BEEN TOLD THAT IF GREECE DEFAULTS IT WOULD CAUSE AN ECONOMIC TIDAL WAVE ,GREATER THAN ANY NATURAL TIDAL WAVE THAT HAS HAPPENED IN THE PAST.
YES FOR SURE THERE WILL BE REPECUSSIONS,BUT LET US NOT FORGET THIS PROBLEM HAS BEEN CAUSED BY POITICIANS INTERFERING IN ECONOMIC AFFAIRS YET AGAIN.
IN THE FIRST PLACE GREECE SHOULD NOT HAVE BEEN ALLOWED TO JOIN THE EURO MONETARY UNION AS THEY NEVER QULIFIED COMPLETELY
NOW THE AUSTERITY MEASURES IMPOSED UPON THEM ARE SO SEVERE THAT THERE IS LITTLE CHANCE THAT THEY CAN EVER RECOVER OR EXPAND WHILE IN THE EURO MONETARY UNION AGAIN. NOW THE QUESTION MUST BE ASKED IF THEY DEFAULT WILL THE INITIAL SHOCK DESTABLISE WORLD MARKETS COMPLETELY?. SURELY NOT AS THEY HAVE HAD TWO "HAIRCUTS" i.e. MINI DEFAULTS ALREADY. MARKETS ARE ALREADY DICOUNTING THIS ALMOST INEVITABLE OUTCOME BY RETRACTING WORLD-WIDE.WHEN GREECE RETURNS TO THEIR OWN ECONOMIC SYSTEM THEY WILL IMMEDIATELY DEVALUE THEIR OWN CURRENCY.WHILE THIS IN THE LONG RUN IS NOT DESIRABLE IT WILL RELEIVE THE PRESSURE UPON ITS FISCUS AND GIVE IT A PERIOD OF CALM TO STILL MAKE MARKET CHANGES AND INSTALL CONFIDENCE IN ITS CITIZENS.

THE UNITED STATES OF AMERICA WHICH CAN NEVER REPAY ITS DEBT HAS BOASTED THAT IT CAN NEVER FALL INTO THE MESS THAT THE EURO NATIONS ARE IN AS IT CAN PRINT AS MUCH MONEY AS IS NEEDED TO AVOID SUCH A SITUATION!WORLD-WIDE THE PRACTICE OF PRINTING MONEY WITHOUT PROPER BACKING LEADS TO DE-FACTO DEVALUATION OF A CURRENCY. 
Now the major countries of the world are trying to keep the Euro Monetary Area intact.If they succeed it will delay the recovery  of the EURO  ZONE for a long time.France is already suffering under the weight of the monies lent to the PIGS countries.
                     ALSO
WORTH A VISIT;
For PROPERTY UP DATES see the page
My REAL ESTATE PART A
ON:
http://2010plusstocktrends.blogspot.com/

             ALSO
PAWSITIVELY ADORABLE PETS

http://paws2012.blogspot.com/