View Poll Results: Is it a DEFAULT or WHAT?

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  • It is not a default!

    1 25.00%
  • It is a default!

    2 50.00%
  • Not paying by writedown is not a default.

    1 25.00%
  • It is where perception management begins!

    2 50.00%
  • A writedwon imbues confidence in fiat money backed by confidence!

    1 25.00%
  • The "Mighty Wurlitzer" speaks, prepare to perceive!

    1 25.00%
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Thread: Is it a DEFAULT?

  1. #11
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    Re: Is it a DEFAULT?

    Quote Originally Posted by MoSurveyor View Post
    Yes, I am aware of the trigger. It wasn't quite current events, that class was a few years later, but it was covered in HS. If you would like to think of it as DeGaulle pushing the world off the gold standard that's fine with me. I personally don't see that it matters and, as far as the common person of the time was concerned, I know it didn't matter to them, either.
    My point was perception management and it has been cranking the "Mighty Wurlitzer" for a long time. It was a straight out default and DeGaulle did nothing wrong. Newspapers in the USA never mentioned that we defaulted on the BrettonWoods agreement. All the newspapers in the rest of the world headlined the USA defaulted. Perception management. Nothing has changed, just intensified. I'm just trying to state this clearly and truthfully without trying to manipulate the reader. The Media in the USA played this event down as if it was another day in the park, and it was a really big worldwide deal. We were/are the world's reserve currency.

  2. #12
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    Re: Is it a DEFAULT?

    Quote Originally Posted by DaveFagan View Post
    Are the Greeks deadbeats?
    Unfortunately, Greece will most likely default. Let it default, it won't be the first country to do that. Go back to the drahma, print your own money, abolish the euro.

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