Why don't they just let Greece default and restructure its debt and social programs to an affordable level? All this endless dithering is accomplishing nothing but providing a fertile ground for more anguish and false hopes. A nation has its assets, resources and what its people can produce. Debt can simply even out and smooth temporal fluctuations and imbalances. Greece must live on what its people can make and do.
And the US ? Ditto over the long term.
Word of the Day
"Diaspora" - noun [$10]
Diaspora means a dispersion abroad.
Sentence: Small towns in America need to find ways to access the knowledge of their diaspora: learn from college alumni associations and tap those valuable skills.
About Me
- Bunkerman
- I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance. I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience. The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.
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