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How to explain Greece to a complete idiot???

11 Oct

George is a hairdresser and makes $40,000 per year. George has limited assets. He has zero savings, no precious metals, and is way underwater on his mortgage. His credit card debt is over $100,000, and his bare minimum living expenses are $45,000 annually, over 10% more than he makes. George’s credit is pitiful, and he cannot obtain any more new loans.

via How to explain Greece to a complete idiot / politician | Sovereign Man.

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Posted by on October 11, 2011 in economy

 

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