Well time will tell how much they come through. They have decided on a three point attack and about ONE BILLION EUROZES to try and fix the economic situation, as it pertains to Greece and others like Italy, Spain, that could end up in the same position as Greece.
So Europe right now has given the world, especially the Western world, some hope that the West will pull out of recession.
Well on CBC tonight it is that Greece has defaulted (which a year ago it said it would not) and Europe takes 50 cents on the dollar of Greece's debt; then Europe will create $1.4 Billion as a reserve fund to prevent Italy and Spain from going down like Greece. There are other details that Europe banks must do also, to prevent a downward smash for the West. So everybody right now in the West is breathing with a sigh of relief.....well for now they are.
The real story of Greece I will post shortly as from Mark Steyn, and also the facts about China in more light than most news programs are giving out.
There are also other facts of life in the West that do not get much emphasis as well. Obviously the Western nations do not want to have you concerned about such facts....they want you to think all is pretty good, so you'll keep spending your money, to get the engine of economy for the West and for the USA moving and moving in an upward direction. As long as people do not spend like they did, the West is in big trouble, the USA is in big trouble. Obviously the USA and President Obama does not want to report each month that people are not spending, that unemployment is still above 9 percent, that the economy is slow and sluggish, and add to that certain other facts the West is facing in the next 20 years or so....they do not want you to have to think about, hence it gets little talked about, but from people like Mark Steyn.
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If you missed it like I did tonight ... about the coming science of the NANO world, the 3rd episode, then you can catch it on: cbc.ca/thenatureofthings
It truly is mind-dumbing as to what this new science could means for the world in just about every area of life.
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I walked into our large local books store Tuesday and right at the front doors ... stacks of the new book by Walter Isaacson on the life of Steve Jobs. And they had it on sale, a good reduction sale it was; 630 pages, hard cover; yes I bought it. Have read the first chapter, and it certainly looks like it will be an eye opener for most of us about the good, the bad, and the ugly, of the life of a man that brought us a revolution in the world of Computers and other things, that many of us do not immediately think of Steve Jobs when out mind goes to other things of the media world. But he was very much a part of about 5 other media things that are part of our normal 21st century life. The first chapter brings out how he came to think of himself, even as a child, as different and "special" - with a few "good talented tech men" by his side, he did accomplish special things for sure.
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