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So, you are telling me, that the FED would allow something like what have happened to Greece, happen to a USA state? A crisis deeper and longer than the Great D
by RobertoG 8y ago
So, you are telling me, that the FED would allow something like what have happened to Greece, happen to a USA state? A crisis deeper and longer than the Great Depression?
Or that they will thread to stop the payment systems if some state don't bend to their will like the ECB did [1]?
Anyway, the problem is not the ECB, but the lack of a federal capacity.
[1] https://www.yanisvaroufakis.eu/2017/03/14/the-campaign-goes-on-did-the-ecb-break-the-law-in-closing-greeces-banks-sign-the-petition-today/ https://www.yanisvaroufakis.eu/2017/03/14/the-campaign-goes-...
- matt4077 8y agoThey wouldn't allow it to happen to a state. But to Puerto Rico? Yes, very much so. To Detroit? Sure!