I find it very strange how almost all down falls around the world seemed to be blamed on Greece.
Greece will bring the downfall of the EU economy.
Greece will bring the downfall of the US economy.
Greece is even blamed for downfall of Drambuie sales.
Can such a little economy really have such a big impact?
If the IMF is dumb enough to give Greece billions of dollars it just creates out of thin air and Greece defaults, then why should this bring down economies.
Its not as though the IMF actually loses its billions of dollars that it creates out of thin air is it?
I mean the money doesn't even exist right, from my understanding.
So how can this bring down economies, when you're using monopoly money or IOU's to start with??
I mean the IMF giving out money, thats like recieving an IOU with the liscence to print your own money.
From my understanding if Greece won tattslotto and paid of her debts to the IMF thats about the only real money the IMF would have.
How dumb is this catapalistic system?
Or can anyone of you explain it abit better to me.