National Bank of Greece ADR (fka NBGGY)

[NewbieWar]

Well... not really here to get in a discussion about politics...

Typically what you see is the greek practice's require a central bank that can keep over printing and keep inflation above the 2-5% which seems to be healthy.

The US dollar has had many times when it overprinted currency and ruined it's value. There was even a time in america's history that our government had such terrible inflation that in many areas tobacco had taken on as a currency, because it had value to people and you couldn't fake it.

The problem with Greece is that they have a system when the young pay for the old, while not a bad idea it's built into politics, economics, and law. The problem arises when the Greek government doesn't have a central bank anymore.

Greece must change it's ways or start it's own central bank again. Either way it will reek havoc on it's population. Everytime in US history when there was a dramatic need to fix the treasury system the population got screwed in the process.