Common stock as private money is also backed by assets but with no need for debt to buy them.
As for Greece’s sovereign debt, it should have none, if it were monetarily sovereign but it isn’t.
I suppose the problem is that if Greece defaulted on its Euro denominated debt that it would harm its own banking system’s ability to pay out Euros to its depositors. Perhaps a selective default then?
OT: Christina Consolo : Fukushima Facts the Mainstream Media Isn’t Talking About 5.23.2012
‘Selling the cow to buy milk’…perfect analogy.
Max and Stacy go to Greece with Hugo. It can happen. Silver in every home. Free eats on the plane. A revolution can happen fast! It can be fun with no deaths. It’s the chink in the armor. Drive in the silver bullet !
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