LONDON — It would be Europe’s worst nightmare: after weeks of rumors, the Greek prime minister announces late on a Saturday night that the country will abandon the euro currency and return to the drachma.
Cameron Says His Veto on Europe Treaty Protects Britain (December 13, 2011)
Celebration Succumbs to Concern for Euro Zone (December 13, 2011)
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Instead of business as usual on Monday morning, lines of angry Greeks form at the shuttered doors of the country’s banks, trying to get at their frozen deposits. The drachma’s value plummets more than 60 percent against the euro, and prices soar at the few shops willing to open.
- An Alarming Greek Contingency: What if It Drops the Euro? (nytimes.com)
- BNP Paribas, Société Générale and Commerzbank – a Greek tragedy? (tradingfloor.com)
- Smell of panic damages market’s psyche (tradingfloor.com)
After America: Get Ready for Armageddon amazon's low price of $16.95 and is #4 on the list. I buy all my books from Amazon and put this on my wish list.
I think this ispretty good read. I happen to hear this guy on CSPAN3 last night and he's pretty damn witty and has a lot to say--but is he another Arianna Huffington? I mean he is from Canada and moved to this country freely and now talking doom and gloom trash for the country just like she does. What's it with these people not born here? Think Dinesh D'Sousa. If I moved to France and started preaching doom and gloom to people who have been there all their lives I don't think they would like it very much. We have enough Americans telling us that the jig is up. It seems to come from the day after 9/11 when Bush started those damn wars and we sat on our laptops.
Mark Steyn’s new book, After America: Get Ready for Armageddon, is both spiritually and chronologically a direct sequel to his landmark America Alone. If you liked the earlier work, you’ll love this one. It’s bigger, stronger, scarier, and funnier. If America Alone was Steyn’s Star Wars, this is the rare sequel that improves on the original: The Empire Strikes Out.
Steyn’s unique gift is a combination of topical mastery and biting humor. He has gazed overlong into the abyss, but he’s laughing too hard for it to gaze back into him. Here he provides a snapshot of the collapse of Greece:
When you binge-spend at the Greek level in a democratic state, there aren’t many easy roads back. The government introduced an austerity package to rein in spending. In response, Greek tax collectors walked off the job. Read that again slowly: to protest government cuts, striking tax collectors refuse to collect taxes. In a sane world, this would be a hilarious comedy sketch. But most of the western world is no longer sane.
After relating the story of how California micro-regulation forced a hardware store owner to stop offering coffee and donuts to his customers, Steyn sums up the lesson learned:
When the law says that it’s illegal for a storekeeper to offer his customer a cup of coffee, you should be proud to be in non-compliance. Otherwise, what the hell did you guys bother holding a revolution for? Say what you like about George III, but he didn’t prosecute the Boston Tea Party for unlicensed handling of beverage ingredients in a public place. read more at above link…
You can read the first chapter on your computerat this link: http://www.amazon.com/After-America-Get-Ready-Armageddon/dp/1596981008/ref=sr_1_1?ie=UTF8&qid=1315425010&sr=8-1