Quote:
Originally Posted by LarryBible
I'm surprised no one has posted about it. I heard on the radio this morning that yesterday it was announced that the European banking system was determined to be insolvent. I expected to find something on here when I logged in, so I haven't researched it.
NOT a good time for our country to be $15T in debt and spending tons of borrowed money. That's for sure!
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The EU monetary system has been like "the Empouror in his new clothes" for some time. A similar thing could be said for any country spending well beyond its means.
As others have commented, a single currency without a single central bank is doomed to failure.
Like in many parts of the world, there are a lot of EU moms & dads hurting badly because of very poor government decisions.
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I no longer question authority, I annoy authority. More effect, less effort....
1967 230-6 auto parts car. rust bucket.
1980 300D now parts car 800k miles
1984 300D 500k miles 
1987 250td 160k miles English import 
2001 jeep turbo diesel 130k miles 
1998 jeep tdi ~ followed me home. Needs a turbo.
1968 Ford F750 truck. 6-354 diesel conversion.
Other toys ~J.D.,Cat & GM ~ mainly earth moving
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