Here is another take on the possibility of the breakup of the Eurozone. The linked video is from The Economist, the British newsmagazine that is the last, best hope of substantive journalism about contemporary world events.
Compare this video to our own recently-published TGS White Paper: They Came for the Greeks…
Something I find interesting is that The Economist has finally begun to seriously consider a possibility (a Eurozone breakup) that we’ve been predicting for months, if not years. Does this suggest that the Investment Committee at little ol’ TGS Financial Advisors in suburban Philadelphia is smarter than the most respected news organ in the Western world?
That question answers itself, and not in the affirmative. We here at TGS are not, individually or in aggregate, smarter than the very smart folks at The Economist. But we are, I think, mostly free of a deeply-held but not reality-supported belief in a central tenet of the conventional wisdom of Western elites — that the highly-educated and nobly-intentioned have a presumptive ability to subdue reality by the force of their intellects and the pureness of their motives.