Over simplification or not Sum:
"I laugh when I think of the impact of Greece, a tiny little place comparatively whose main commercial interest I think should be tourism and the olive oil on my salad."
It is a big joke on us who buy into that propaganda and definitely a diversion.
Greek economy is 2% of Euro zone, even if you add Portugal it is a smaller percentage THAN California ( and then add Illinois, etc.) is for the US.
I say propaganda because the US is diverting attention from themselves with them being the source of most of the problems. Poor Greece bought into the sells of fake assets from the likes of Goldman and company so they are paying for it now.
What also gets me is that yesterday on CBC's news an excuse was given for the Loonie going down because of 'flight to safety', YES to the green back!
Canadian, Australian dollars or gold bullion Are safety, while US dollar is a mine field that is being sold to us as it was to Greece.
Goldman hearing is just a political ploy by the politicians to look as if they are doing something, when in fact they a hipocrites after bailing out these very institutions with public money.
The bottom line is, we are sheep for buying into this propaganda.
We are being manipulated to the hilt, whether it be small nations or small investors in Noront.
Yes this topic is relevant in times of no news on our stock because we need to know and think about what is happening to the world around us. Knowlege is a tool. Using that tool is power. Not using it results in what we have now.
Not only Noront sp is manipulated. Many of my stocks are, I mean those that are worth while to manipulate. We need to apply what we see about the world to our own investing. Noront has the goods much along Canadian and Australian economies and no amount of bs about them should divert us from these.
Cheers to the wise and patient.