Econo-Politico-Kouzino Fiasco: Splattering Rancid Greece all over the Good China

Fairly lost in all the hubbub over Western democratic standard-bearer Greece’s trials and tribs over budgetary peccadilloes and illegal immigration pequeninos washing up on its shores, is the problem in behemoth China’s own economy, whose stock market has lost some $3Trillion bucks over the last month, more than the entire annual GDP of all but the world’s four largest economies, and equal to those of the UK or France. Ouch! I hate when that happens.

Chinese Renminbi (yuan)

Chinese Renminbi (yuan)

Fortunately it’s a Communist country, so the government is in control, right? Yeah, right… welcome to the real world, China, may we all survive. Hey, how about that awesome display of δημοκρατία in the special Greek referendum, no? Demos really socked it to the Big Bad Bankers, didn’t they? Ho hum, politics… Exchange rate EUR:USD is strongest the dollar’s been since Year One in my memory… good time to travel Europe… The word for the Greek pre-Euro currency, ‘drachma’ δραχμή, means to ‘grasp’; good idea…

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