Value, Growth At A Reasonable Price, Long-Term Horizon, Portfolio Strategy
Contributor Since 2008
Glen Bradford MBA contributes to Seeking Alpha primarily to read people's negative feedback so that he can avoid generating unnecessary losses. "Uncertainty will certainly work for me." - Glen Bradford March 2009.
Glen wishes you a bright sunny warm day filled with smiles, laughter, and love.
The Supreme Court got it wrong, which is sad, but it's not over yet.
I have come up with a game that all it takes is $200 in $1 bills to play to illustrate to children what is happening in the Eurozone. It illustrates how Germany and Italy act like they are making money but in reality, are simply buying their own goods and services via a vendor financing ponzi mechanism.
Round | ||||||||||
Germany | Italy | Greece | ||||||||
1 | Begin Round with | 50 | 35 | 15 | ||||||
Domestic Wealth Creation (Bank Pays This $1 to everyone) | 1 | 1 | 1 | |||||||
Greece Spends on Germany | 3 | -3 | ||||||||
Greece Spends on Italy | 1 | -1 | ||||||||
Italy Spends on Germany | 1 | -1 | ||||||||
End | 55 | 36 | 12 | |||||||
2 | Begin Round with | 55 | 36 | 12 | ||||||
Domestic Wealth Creation (Bank Pays This $1 to everyone) | 1 | 1 | 1 | |||||||
Greece Spends on Germany | 3 | -3 | ||||||||
Greece Spends on Italy | 1 | -1 | ||||||||
Italy Spends on Germany | 1 | -1 | ||||||||
End | 60 | 37 | 9 | |||||||
3 | Begin Round with | 60 | 37 | 9 | ||||||
Domestic Wealth Creation (Bank Pays This $1 to everyone) | 1 | 1 | 1 | |||||||
Greece Spends on Germany | 3 | -3 | ||||||||
Greece Spends on Italy | 1 | -1 | ||||||||
Italy Spends on Germany | 1 | -1 | ||||||||
End | 65 | 38 | 6 | |||||||
4 | Begin Round with | 65 | 38 | 6 | ||||||
Domestic Wealth Creation (Bank Pays This $1 to everyone) | 1 | 1 | 1 | |||||||
Greece Spends on Germany | 3 | -3 | ||||||||
Greece Spends on Italy | 1 | -1 | ||||||||
Italy Spends on Germany | 1 | -1 | ||||||||
End | 70 | 39 | 3 | |||||||
5 | Begin Round with | 70 | 39 | 3 | ||||||
Domestic Wealth Creation (Bank Pays This $1 to everyone) | 1 | 1 | 1 | |||||||
Greece Spends on Germany | 3 | -3 | ||||||||
Greece Spends on Italy | 1 | -1 | ||||||||
Italy Spends on Germany | 1 | -1 | ||||||||
End | 75 | 40 | 0 | |||||||
GREECE IS NOW WORKING ON DEBT | ||||||||||
6 | Begin Round with | 75 | 40 | 0 | ||||||
Domestic Wealth Creation (Bank Pays This $1 to everyone) | 1 | 1 | 1 | |||||||
Greece Spends on Germany | 3 | -3 | ||||||||
Greece Spends on Italy | 1 | -1 | ||||||||
Italy Spends on Germany | 1 | -1 | ||||||||
Greece Owes to Germany | 2 | |||||||||
Greece Owes to Italy | 1 | |||||||||
End | 80 | 41 | -3 | |||||||
7 | Begin Round with | 80 | 41 | -3 | ||||||
Domestic Wealth Creation (Bank Pays This $1 to everyone) | 1 | 1 | 1 | |||||||
Greece Spends on Germany | 3 | -3 | ||||||||
Greece Spends on Italy | 1 | -1 | ||||||||
Italy Spends on Germany | 1 | -1 | ||||||||
Greece Owes to Germany | 4 | |||||||||
Greece Owes to Italy | 2 | |||||||||
End | 85 | 42 | -6 | |||||||
8 | Begin Round with | 85 | 42 | -6 | ||||||
Domestic Wealth Creation (Bank Pays This $1 to everyone) | 1 | 1 | 1 | |||||||
Greece Spends on Germany | 3 | -3 | ||||||||
Greece Spends on Italy | 1 | -1 | ||||||||
Italy Spends on Germany | 1 | -1 | ||||||||
Greece Owes to Germany | 6 | |||||||||
Greece Owes to Italy | 3 | |||||||||
End | 90 | 43 | -9 | |||||||
9 | Begin Round with | 90 | 43 | -9 | ||||||
Domestic Wealth Creation (Bank Pays This $1 to everyone) | 1 | 1 | 1 | |||||||
Greece Spends on Germany | 3 | -3 | ||||||||
Greece Spends on Italy | 1 | -1 | ||||||||
Italy Spends on Germany | 1 | -1 | ||||||||
Greece Owes to Germany | 8 | |||||||||
Greece Owes to Italy | 4 | |||||||||
End | 95 | 44 | -12 | |||||||
Greece Needs a Bailout, Germany gives $6 and Italy gives $2 | ||||||||||
10 | Begin Round with | 95 | 44 | -6 | ||||||
Domestic Wealth Creation (Bank Pays This $1 to everyone) | 1 | 1 | 1 | |||||||
Greece Spends on Germany | 3 | -3 | ||||||||
Greece Spends on Italy | 1 | -1 | ||||||||
Italy Spends on Germany | 1 | -1 | ||||||||
Greece Owes to Germany | 10 | |||||||||
Greece Owes to Italy | 5 | |||||||||
End | 100 | 45 | -9 | |||||||
11 | Begin Round with | 100 | 45 | -9 | ||||||
Domestic Wealth Creation (Bank Pays This $1 to everyone) | 1 | 1 | 1 | |||||||
Greece Spends on Germany | 3 | -3 | ||||||||
Greece Spends on Italy | 1 | -1 | ||||||||
Italy Spends on Germany | 1 | -1 | ||||||||
Greece Owes to Germany | 12 | |||||||||
Greece Owes to Italy | 6 | |||||||||
End | 105 | 46 | -12 | |||||||
Bailout Solves the Problem? Nope. | ||||||||||
12 | Begin Round with | 105 | 46 | -12 | ||||||
Domestic Wealth Creation (Bank Pays This $1 to everyone) | 1 | 1 | 1 | |||||||
Greece Spends on Germany | 3 | -3 | ||||||||
Greece Spends on Italy | 1 | -1 | ||||||||
Italy Spends on Germany | 1 | -1 | ||||||||
Greece Owes to Germany | 14 | |||||||||
Greece Owes to Italy | 7 | |||||||||
End | 110 | 47 | -15 | |||||||