http://www.nytimes.com/2010/05/11/business/global/11reconstruct.html
This will do nothing but stave off the inevitable. You can't have a socialist model of entitlements and expect to not run out of money. Monetizing Greece's debt will only come at the cost of the dollar's value, which will hurt all Americans on the market and cause more economic woes. Eventually the dollar bubble, like the financial bubble, will have to burst. When that happens, when all paper currencies fail, we will have true economic chaos.
We have two options... turn to more Fascist controls and new fiat currencies created by central banks (this time on a global scale)... or we can turn to Gold and market commodity money.
One path leads to a worse version of what we have now, the other to freedom, peace, and prosperity.
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