On what planet do lenders issue loans at below inflation? (Except to central bankers of course.)

Your basic mistake is assuming it's the government's job to house and feed the people. That kind of thinking is what got Greece into this mess in the first place.

A mouse would twist that Brit thing in half.

What? It might not go so well for Spain and Italy but most of the Euro zone has similar enough economic conditions that they can survive under similar fiscal policies.

Greece should have never been allowed in.

I'm still drinking Brazilian rum I got for $.99/750ml when they crashed their currency.

They aren't considering leaving, the rest of the Euro is seriously considering kicking them out.

Bullshit. Speed limits are set for revenue generation.

Let me guess, your a great driver, but have had 3 wrecks in the last 5 years? Only two were your fault, no matter what the judge said?

Solyndra built cylindrical solar panels. Because somebody thought they would collect more power in a day then flat panels. That person _failed high school calculus!_

It was a horrible idea that barely sounded plausible to lawyers. It was a payoff to political supporters.

You realize Krugman and Greenspan have more or less opposite views?

Have you been paying attention to recent Nobel prizes? They (peace and econ anyhow) into political popularity contests.

Most people can't drive safely at 5 under. Too many try.

The real problem is lack of focus on driving. It's a simple thing; focus on your driving, maintain the machine.

I'm willing to bet every non-routine transmission is tracked in close proximity to the WH and jammers are always warmed up.

They likely put the drone on a trajectory then ran like Frenchmen. But perhaps I overestimate the feds electronic warfare capabilities. I doubt it. They spend a lot of money on it and have for decades.

Don't know. I expect the first one to implode to take out any other really weak players, but after that capital flight will help the survivors.

The British Pound is in particularly bad shape. They have been working on fixing their balance sheet for a good decade and report good results. Unfortunately it's all bullshit and accounting tricks. For example: Taking all pensions off-book doesn't help anything.

No better then pretending the SS trust fund is an asset that can be tapped.

In the end it will be who's story becomes laughable first. Lots of capital is looking for safe places to park. Look at the price of productive farmland. That has nothing to do with the price of crops. It's big money buying up land, then renting it to farmers at a short term loss.

Living anywhere, assume some other currency goes first:

Will your currency be taken down by bad overseas debt? Will the appropriate government just declare the losers too big to fail and supply liquidity for 'long enough'?

Will your currency be taken down by lack of domestic confidence? In this case living in a nation of deluded, ego driven 'patriots' will actually be an asset.

I see the best case as inflation, worst case is asset stripping for nations foolish enough to carry debt in a foreign currency. As always it will be 'good to have H-bombs.'

You need a designated decoy.

I've been speeding safely for 30+ years. That includes devoting significant brain time to scanning for cops. No wrecks, no tickets.