Greece versus California! 02/25/2010
With all the talk about the impending doom with Greece and how the European Union will fall apart, does one ever stop to think about a similar comparison across the pond. Greece's GDP is $343 Billion. That is 2% of the $19Trillion E.U. Economy. California's GDP is $1.8Trillion. That is 13% of the $14Trillion USA Economy. Do you see the insanity here? If puny Greece is able to knock the Euro down by 15%, why doesn't the 8th largest Economy on the planet, California, knock the US Dollar down about 50%. Seems like a reasonable assumption in a realistic world but there lies the problem. Our current world is based on misdirection and misinformation, the look at Britany Spears syndrome and don't pay attention to the real issue. Japan, UK, and the USA are the real issues when it comes to debt implosions and paying attention to the Britany show will lead you down the rabbit hole with everyone else not paying attention. CommentsLeave a Reply | FREE SUBSCRIPTION!Receive Emailed Articles as they are Posted. Click Below on RSS Feed!Jason's Thoughts!My goal is to use this format to bring important and timely ideas to the surface on recent events which I feel will affect all of us financially. ArchivesFebruary 2012 Categories |