Parasites don't care about their hosts. If Europe doesn't cut away this parasite, they will go bankrupt as well. Same thing goes for US.
Greece doesn't want Europe to run the checkbook?
- Thread starter GROUCHO MARX
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When they entered the Euro zone, the risk was reduced. So they were able to borrow at low interest rates.
But, instead of investing into the future, they went into a consumption mode like paying for the Olympics, or increasing their imports. Not much was done to create long term benefit.
Now it's time to pay the bills but you cannot repay it with your depreciated 7-series BMW that you bought with money borrowed from Germany.
But, instead of investing into the future, they went into a consumption mode like paying for the Olympics, or increasing their imports. Not much was done to create long term benefit.
Now it's time to pay the bills but you cannot repay it with your depreciated 7-series BMW that you bought with money borrowed from Germany.
All we can do is
to see how it affects the world economy...
Would you give this guy large bills, or the checkbook?
Originally Posted By: Pablo
Would you give this guy large bills, or the checkbook?
Pablo i already gave him my taxmoney
Would you give this guy large bills, or the checkbook?
Pablo i already gave him my taxmoney
Originally Posted By: CivicFan
Now it's time to pay the bills but you cannot repay it with your depreciated 7-series BMW that you bought with money borrowed from Germany.
Hey that sounds a lot like America except the depreciated BMW was bought with money borrowed from China lol.
Now it's time to pay the bills but you cannot repay it with your depreciated 7-series BMW that you bought with money borrowed from Germany.
Hey that sounds a lot like America except the depreciated BMW was bought with money borrowed from China lol.
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Originally Posted By: mechanicx
Originally Posted By: CivicFan
Now it's time to pay the bills but you cannot repay it with your depreciated 7-series BMW that you bought with money borrowed from Germany.
Hey that sounds a lot like America except the depreciated BMW was bought with money borrowed from China lol.
LMAO!!!!!
Originally Posted By: CivicFan
Now it's time to pay the bills but you cannot repay it with your depreciated 7-series BMW that you bought with money borrowed from Germany.
Hey that sounds a lot like America except the depreciated BMW was bought with money borrowed from China lol.
LMAO!!!!!
Originally Posted By: mechanicx
Originally Posted By: CivicFan
Now it's time to pay the bills but you cannot repay it with your depreciated 7-series BMW that you bought with money borrowed from Germany.
Hey that sounds a lot like America except the depreciated BMW was bought with money borrowed from China lol.
In our case, it is cheap Chinese electronics (the BMW was to illustrate that the biggest winner in this has been and is Germany).
There is one major difference, though. We are the ones who control the global currency and are the largest economy while Greece is a very minor economic force.
Originally Posted By: CivicFan
Now it's time to pay the bills but you cannot repay it with your depreciated 7-series BMW that you bought with money borrowed from Germany.
Hey that sounds a lot like America except the depreciated BMW was bought with money borrowed from China lol.
In our case, it is cheap Chinese electronics (the BMW was to illustrate that the biggest winner in this has been and is Germany).
There is one major difference, though. We are the ones who control the global currency and are the largest economy while Greece is a very minor economic force.
Originally Posted By: CivicFan
Originally Posted By: mechanicx
Originally Posted By: CivicFan
Now it's time to pay the bills but you cannot repay it with your depreciated 7-series BMW that you bought with money borrowed from Germany.
Hey that sounds a lot like America except the depreciated BMW was bought with money borrowed from China lol.
In our case, it is cheap Chinese electronics (the BMW was to illustrate that the biggest winner in this has been and is Germany).
There is one major difference, though. We are the ones who control the global currency and are the largest economy while Greece is a very minor economic force.
Very minor economic player indeed but this hole "Global Economy" is a house of cards.
Originally Posted By: mechanicx
Originally Posted By: CivicFan
Now it's time to pay the bills but you cannot repay it with your depreciated 7-series BMW that you bought with money borrowed from Germany.
Hey that sounds a lot like America except the depreciated BMW was bought with money borrowed from China lol.
In our case, it is cheap Chinese electronics (the BMW was to illustrate that the biggest winner in this has been and is Germany).
There is one major difference, though. We are the ones who control the global currency and are the largest economy while Greece is a very minor economic force.
Very minor economic player indeed but this hole "Global Economy" is a house of cards.
Originally Posted By: CivicFan
There is one major difference, though. We are the ones who control the global currency and are the largest economy while Greece is a very minor economic force.
The only difference is that our Ponzi Scheme will go on longer but when it falls I doubt that even Bread Lines will be available.
There is one major difference, though. We are the ones who control the global currency and are the largest economy while Greece is a very minor economic force.
The only difference is that our Ponzi Scheme will go on longer but when it falls I doubt that even Bread Lines will be available.
Originally Posted By: buster
http://mobile.reuters.com/article/idUSTRE8190UC20120210?irpc=932
Go for it!
http://sacsis.org.za/site/article/728.1?frommailing=1
sometimes people don't want to pay back someone else's debt.
http://mobile.reuters.com/article/idUSTRE8190UC20120210?irpc=932
Go for it!
http://sacsis.org.za/site/article/728.1?frommailing=1
sometimes people don't want to pay back someone else's debt.
Originally Posted By: buster
http://mobile.reuters.com/article/idUSTRE8190UC20120210?irpc=932
Go for it!
These are the same people who retire in their fifties(policemans,army staff , firefighters etc). lol
Let me enlighten you.
50% of the working force is occupied in state owned companies(public sector). Most of them are voters of the two biggest political parties. In fact most of them were hired because they were voters of the two biggest political parties (corruption no1).
To gain their votes , each year they recieved at least 5% increase in their salaries (corruption no2), with borrowed money from the european union.
This led the prices of goods and services in the market way up. The private sector export companies had no other option but to raise their salaries too , otherwise their employees could not be able to pay for basic expenses like rent and food.(the cost of living is 80% of the USA).
Unfortunatelly this way they lost their competitiveness in the global market and eventually closed . This fact led more people to the public sector and more money borrowed from abroad , you know the rest of the story..
http://mobile.reuters.com/article/idUSTRE8190UC20120210?irpc=932
Go for it!
These are the same people who retire in their fifties(policemans,army staff , firefighters etc). lol
Let me enlighten you.
50% of the working force is occupied in state owned companies(public sector). Most of them are voters of the two biggest political parties. In fact most of them were hired because they were voters of the two biggest political parties (corruption no1).
To gain their votes , each year they recieved at least 5% increase in their salaries (corruption no2), with borrowed money from the european union.
This led the prices of goods and services in the market way up. The private sector export companies had no other option but to raise their salaries too , otherwise their employees could not be able to pay for basic expenses like rent and food.(the cost of living is 80% of the USA).
Unfortunatelly this way they lost their competitiveness in the global market and eventually closed . This fact led more people to the public sector and more money borrowed from abroad , you know the rest of the story..
Hello Yannis and thanks for the firsthand information.
This is exactly how my greece friends here in sweden describes it, Votes are traded for a public sector employment with very good benefits.
I was told about the public Railroad in Greece, They had so many employees that most of them did not have any real work to do they was just employed.
Another funny thing was that 10% of all retired people in Greece did not exist in real they had died many years ago but the family members still take retirement money from the government.
Ofcourse all Greece people are not fraudsters but the system is really messed up and affect the whole population in a very bad way, To just give more and more money to Greece is not a solution it just dissappears in a black hole and thats what IMF and EU have now noticed.
I think external control of Greece is the only solution to get rid of all corruption and completely tear down the old system and build something new up that works.
This is exactly how my greece friends here in sweden describes it, Votes are traded for a public sector employment with very good benefits.
I was told about the public Railroad in Greece, They had so many employees that most of them did not have any real work to do they was just employed.
Another funny thing was that 10% of all retired people in Greece did not exist in real they had died many years ago but the family members still take retirement money from the government.
Ofcourse all Greece people are not fraudsters but the system is really messed up and affect the whole population in a very bad way, To just give more and more money to Greece is not a solution it just dissappears in a black hole and thats what IMF and EU have now noticed.
I think external control of Greece is the only solution to get rid of all corruption and completely tear down the old system and build something new up that works.
It's a tough situation. As one of the links above clearly pointed out, it's a flawed system. When you add in the other issues mentioned above it makes it that much worse. Austerity is usually not the answer and can often make things significantly worse.
Quote:
"Now,John Reed regrets his role in the affair, and says lifting the Glass Steagall protections was a mistake. Given the 2008 meltdown,he’s surprised Wall Street still has so much power over Washington lawmakers. “I’m quite surprised the political establishment would listen to groups that have been so discredited,” Reed tells Moyers. “It wasn’t that there was one or two or institutions that,you know,got carried away and did stupid things. It was,we all did… And then the whole system came down.”
http://www.creditwritedowns.com/2012/02/john-reed-on-big-banks-and-corporatism.html
"Now,John Reed regrets his role in the affair, and says lifting the Glass Steagall protections was a mistake. Given the 2008 meltdown,he’s surprised Wall Street still has so much power over Washington lawmakers. “I’m quite surprised the political establishment would listen to groups that have been so discredited,” Reed tells Moyers. “It wasn’t that there was one or two or institutions that,you know,got carried away and did stupid things. It was,we all did… And then the whole system came down.”
http://www.creditwritedowns.com/2012/02/john-reed-on-big-banks-and-corporatism.html
Originally Posted By: buster
It's a tough situation. As one of the links above clearly pointed out, it's a flawed system. When you add in the other issues mentioned above it makes it that much worse. Austerity is usually not the answer and can often make things significantly worse.
You believe THAT? Really??
So Greece's problems were all the fault of "Banksters" and Ethiopia's issues are caused USA food aid?
Wow. That's some slick garbage. What is he selling? What's their angle?
It's a tough situation. As one of the links above clearly pointed out, it's a flawed system. When you add in the other issues mentioned above it makes it that much worse. Austerity is usually not the answer and can often make things significantly worse.
You believe THAT? Really??
So Greece's problems were all the fault of "Banksters" and Ethiopia's issues are caused USA food aid?
Wow. That's some slick garbage. What is he selling? What's their angle?
Originally Posted By: magnus308
I think external control of Greece is the only solution to get rid of all corruption and completely tear down the old system and build something new up that works.
External control is indeed the only solution but the old system is fighting against it even now!!
I think external control of Greece is the only solution to get rid of all corruption and completely tear down the old system and build something new up that works.
External control is indeed the only solution but the old system is fighting against it even now!!
Last edited:
Originally Posted By: Pablo
Originally Posted By: buster
It's a tough situation. As one of the links above clearly pointed out, it's a flawed system. When you add in the other issues mentioned above it makes it that much worse. Austerity is usually not the answer and can often make things significantly worse.
You believe THAT? Really??
So Greece's problems were all the fault of "Banksters" and Ethiopia's issues are caused USA food aid?
Wow. That's some slick garbage. What is he selling? What's their angle?
No I don't believe ALL of it and I never said ALL of Greece's problems are a result of "banksters". I said the Euro is a flawed system and austerity can make things worse. Open your eyes. Are you that naive? Then again you do watch Fox News for your source of information. Talk about garbage. Nice job. LOL these baby boomers are dense. We are in some trouble!
Originally Posted By: buster
It's a tough situation. As one of the links above clearly pointed out, it's a flawed system. When you add in the other issues mentioned above it makes it that much worse. Austerity is usually not the answer and can often make things significantly worse.
You believe THAT? Really??
So Greece's problems were all the fault of "Banksters" and Ethiopia's issues are caused USA food aid?
Wow. That's some slick garbage. What is he selling? What's their angle?
No I don't believe ALL of it and I never said ALL of Greece's problems are a result of "banksters". I said the Euro is a flawed system and austerity can make things worse. Open your eyes. Are you that naive? Then again you do watch Fox News for your source of information. Talk about garbage. Nice job. LOL these baby boomers are dense. We are in some trouble!
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