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their wages will go up when they allow their currency to revalue

when partying in greece it was weird the way your voice disappeared the following morning. i was told the nightclub owners put metho into the spirit bottles. either that or i just drank too much i tried that grappa...seriously horrible stuff! maybe a good additive for biodiesel as well?

I'm a believer - I believe the world needs resources and we have them. and if the greeks can't afford to put gas in their cars they will need to sell more ouzo

really would it matter? if this comes to pass then the entire aussie economy will be devestated

it's so hard to know when to act on this sort of info. I wish I had taken more hedance to the warnings of the GFC that were posted on here years back

hmm, raw materials going up in price for the chinese in their currency and a massive bail out. goes back to post 1 again. perhaps there is no way out for the global economy

right so as Bill said, it would be a devaluation of the CNY but also the USD would devalue from all that selling. the race to devalue. there are so many reasons why the AUD could go way above parity

in practice how does a vault of green paper be used to wipe clean local based bad debts?

without China we are all doomed. the only good news is that as prices drop the % magnitude of such reduces its toll. i.e. for a property tthat drop 40% from $1.5m to $900k last year, next drop of 40% will only see $360k wiped off not $600k.