[SOC] Euro crisis explaned

[Paul M]

The original was blocking inboxes in January, 2009 & was about the US $ then.

As you say, it's how commerce works - someone buys a rig from a store, this enables the owner to pay their 90-day credit to their supplier, who then pays the manufacturer, who then pays their suppliers, who pays their employee, who goes out and buys a new rig.
 
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>________________________________
> From: Quikhooligan <quikuhla at aim.com>
>To: Second Class Operators' Club <soc at mailman.qth.net> 
>Sent: Tuesday, 13 December 2011, 8:25
>Subject: Re: [SOC] Euro crisis explaned
> 
>Michael Coslo wrote:
>> On Dec 11, 2011, at 11:12 AM, Radio K0HB wrote:
>> 
>>> I thought we settled it a couple of weeks ago.
>>>
>>> Political jeremiads do not belong on the SOC reflector.
>> 
>> 
>> 
>> And here I thought it was economic discussion.
>> 
>> It's a sad, sad day when we can't make fun of economists and bean counters...... 8^(
>> 
>> - 73 de Mike N3LI -
>
>I also thought it was an interesting economic discussion. It showed the
>need for cash flow in a society. And also the benefit of being able to
>loan money for a period of time.  The end result was that all debts were
>able to be paid.
>
>But I couldn't understand how it related to the Euro crisis. I thought
>the Euro crisis was about some countries being bankrupt and not being
>able to pay the full amount of their debts.
>
>I also couldn't understand how it might have made fun of economists and
>bean counters either.
>
>But then, I'm only Second Class.
>
>But I did learn about the word jeremiad and how it relates to 75 meters
>in the evenings.
>
>You know, this SOC email reflector isn't so bad. It's actually
>educational at times.  Thank Cod.
>
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