M
morganist
Quote from badvestor:
The Greeks will smarten up and follow Iceland and Argentina. Within a mere 2 years of every default, these countries showed rapid economic growth after wiping clean the malaise of high interest debt. Every default With the internet, corrupt politicians who sold out their next 10 generatuions to Goldman Sachs bankers will get the same treatment Iceland gave to their own tools leading them. Here in the US we have a long way to go before people smarten up, most US voters are dumber tools than the tools they elect.
If everyone defaulted you would wipe out all pensions and savings.