New Posts For Thread: What would happen if Greece and Italy default?https://community.betfair.com/tradefair__financials/go/thread/view/94198/28629047/what-would-happen-if-greece-and-italy-defaultI'm just a businessman with a decent amount of cash available, do I pull it out of banks and literally hide it under the rug? No one in the usual media sources seem to be telling us anything in case they rock the boat. I'm worried about the financirothttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28629047/what-would-happen-if-greece-and-italy-default?post_id=512217183#512217183rotSun, 06 Nov 2011 08:05:56 -0600lets hope they remember to stock up on tooth paste, all that chocolate will shot their teeth away!https://community.betfair.com/tradefair__financials/go/thread/view/94198/28629047/what-would-happen-if-greece-and-italy-default?post_id=512217171#512217171lets hope they remember to stock up on tooth paste, all that chocolate will shot their teeth away!Sun, 06 Nov 2011 08:05:17 -0600if default occurs a lot of people will be eating the chocolates they stored as a hedge against hyperinflation.I guess.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28629047/what-would-happen-if-greece-and-italy-default?post_id=512207175#512207175if default occurs a lot of people will be eating the chocolates they stored as a hedge against hyperinflation.I guess.Sun, 06 Nov 2011 00:17:27 -0500Why do you say the old rigid gold standard system has gone forever?https://community.betfair.com/tradefair__financials/go/thread/view/94198/28629047/what-would-happen-if-greece-and-italy-default?post_id=512199729#512199729Why do you say the old rigid gold standard system has gone forever?Sat, 05 Nov 2011 19:17:22 -0500It will be in the interests of all major players to come to resolutions that do not result in the whole system falling apart.The old rigid gold standard system is gone for ever. That is one thing for sure.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28629047/what-would-happen-if-greece-and-italy-default?post_id=511776325#511776325It will be in the interests of all major players to come to resolutions that do not result in the whole system falling apart.The old rigid gold standard system is gone for ever. That is one thing for sure.Thu, 27 Oct 2011 18:48:06 -0500The sh1t has already hit the fan, it's just that most people haven't clued in yet. It's mathematically impossible to have the necessary exponential growth to cover compounded interest. Simple really.As for the other poster who said "the world hasn'thttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28629047/what-would-happen-if-greece-and-italy-default?post_id=511758877#511758877The sh1t has already hit the fan, it's just that most people haven't clued in yet. It's mathematically impossible to have the necessary exponential growth to cover compounded interest. Simple really.As for the other poster who said "the world hasn'tThu, 27 Oct 2011 13:12:39 -0500I think America is $13 trillion dollars in debt, Japan is trillions in debt, Spain, Portugal and Ireland are teetering on the edge of finacial ruin, France hasn't had a yearly balanced budget since 1974. The United Kingdom is £2.2 trillion in debt,https://community.betfair.com/tradefair__financials/go/thread/view/94198/28629047/what-would-happen-if-greece-and-italy-default?post_id=511757075#511757075I think America is $13 trillion dollars in debt, Japan is trillions in debt, Spain, Portugal and Ireland are teetering on the edge of finacial ruin, France hasn't had a yearly balanced budget since 1974. The United Kingdom is £2.2 trillion in debt,Thu, 27 Oct 2011 12:36:03 -0500...... well Greece already has - the world hasn't ended!There was a guy on Bloomberg this week who made a statement that 50% of Sovereign Nations had 'defaulted' in the last 30 years - if that be true it all seems to have passed me by.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28629047/what-would-happen-if-greece-and-italy-default?post_id=511753449#511753449...... well Greece already has - the world hasn't ended!There was a guy on Bloomberg this week who made a statement that 50% of Sovereign Nations had 'defaulted' in the last 30 years - if that be true it all seems to have passed me by.Thu, 27 Oct 2011 11:25:12 -0500I'm just a businessman with a decent amount of cash available, do I pull it out of banks and literally hide it under the rug? No one in the usual media sources seem to be telling us anything in case they rock the boat. I'm worried about the financihttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28629047/what-would-happen-if-greece-and-italy-default?post_id=511752423#511752423I'm just a businessman with a decent amount of cash available, do I pull it out of banks and literally hide it under the rug? No one in the usual media sources seem to be telling us anything in case they rock the boat. I'm worried about the financiThu, 27 Oct 2011 11:05:19 -0500