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drewbe121212

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drewbe121212

Re: simplegreen post# 74008

Friday, 01/14/2011 3:18:58 PM

Friday, January 14, 2011 3:18:58 PM

Post# of 140146
It seems one of the common reoccuring themes when you are debt ridden is to devalue your currency to make your debt not look as bad.

Sure, the money the people don't have is worth even less now, but at least the country from a numbers perspective doesn't look as bad /facepalm.

However, since it is now 1 currency... it makes it hard to devalue it for the sake of the countries that are doing bad, vs the countries that are still in the good fight (Germany??)

Action and reaction, ebb and flow, trial and error, change - this is the rhythm of living. Out of our over-confidence, fear; out of our fear, clearer vision, fresh hope. And out of hope, progress.

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