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Spent some time with the inlaws last week. Bro in law does maintenance work for a Greek shipping tycoon on a very large (and over the top gaudy) historical house, surrounded by several thousand hectares. The house is decked out in the most expensive manner imaginable (great swathes of marble...

Great read. Does make one wonder if - in the near future - there will be an international currency that is not attached to any country/government but only to the IMF. Not that I know how one would do such - but interesting concept and the writing is on the wall.

Now that they are up to bailout #5 ... pity they didn't bankrupt themselves BEFORE bailout #1 and started afresh. Would've save a lot of heartache and many 100's of billions of euros. Sure, there would have been pain to those who had lent beforehand - but the pain will be so much worse now...

I think you might find that those with intelligence and motivation are quietly making moves in the background to secure their positions - rather than being out on the street being noisy. Would I violently protest ... nope ... I'd be at home plotting away how to turn this to my advantage.

Ah - now I understand. It would be like the federal government giving everyone on the sole parent pension another $900 per child, just for the heck of it - and then hitting me with a 1.5% levy to backhandedly pay for it ... oh ... hang on ... they did.

Okay - with the news out today regarding Greece and it's 5th bailout, I'm still confused as to why - when you country is going to pot and boarding on bankruptcy - are the people violently rioting in the street and demanding the government doesn't cut back it's expenditure? It's not like they...