The 3-point plan suggested by Chales Hugh Smith:
1. Renounce all debts denominated in the euro, i.e. a 100% writedown.
2. Accept the U.S. dollar as the national currency of Greece.
3. Engage in a transparent national dialog and reach a consensus about taxation and the role of the state in the Greek society and economy.
Quote
"When trust in national currencies and institutions is lost, then the black market becomes the trustworthy place to engage in trade. The world's favorite black market currency is of course the U.S. dollar."
Click "A Crazy Idea" for an interesting article by Charles Hugh Smith.
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