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<p>[QUOTE="Cloudsweeper99, post: 1443338, member: 3011"]This apparently happened to the Mayans...</p><p><br /></p><p><a href="http://science.nasa.gov/science-news/science-at-nasa/2004/15nov_maya/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://science.nasa.gov/science-news/science-at-nasa/2004/15nov_maya/" rel="nofollow">http://science.nasa.gov/science-news/science-at-nasa/2004/15nov_maya/</a></p><p><br /></p><p>... and I'm sure there are countless other cases where widespread death by famine could not be prevented by gold or other physical wealth.</p><p><br /></p><p>That said, I think Greece has a banking crisis more than a currency crisis. This might turn into a currency crisis because the Europeans haven't shown the talent to manage their currency properly. The Fed is far ahead of them in central banking theory and practice regardless of what the enemies of the Fed say. As said above, the Greeks are probably afraid of the forced conversion of their currency and are moving the money to other European, and probably some American banks.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1443338, member: 3011"]This apparently happened to the Mayans... [url]http://science.nasa.gov/science-news/science-at-nasa/2004/15nov_maya/[/url] ... and I'm sure there are countless other cases where widespread death by famine could not be prevented by gold or other physical wealth. That said, I think Greece has a banking crisis more than a currency crisis. This might turn into a currency crisis because the Europeans haven't shown the talent to manage their currency properly. The Fed is far ahead of them in central banking theory and practice regardless of what the enemies of the Fed say. As said above, the Greeks are probably afraid of the forced conversion of their currency and are moving the money to other European, and probably some American banks.[/QUOTE]
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