Greece implosion

[lawrocket 3]

Quote

The issue isn't capitalism or socialism. The issue is spending money you do not have.

Very well said. Greece did that. Then the EU jumped in and provided some bailout money. Greece spent it and has now defaulted. Greece demands more money. The EU won't give it without conditions that Greece doesn't want. So Greece is now out of other people's money.

Here is what I see coming if history is a guide. The Greeks will find someone else to blame for it. Leading the way will be fingers pointed at Germany. We can expect other fingers pointed at then rich in Greece. No thumbs will be pointed.

I expect Greece to go further left. what happens in bad situations? There will be the Greek Socialists going against the Greek Radicals. Radicals are always in it for themselves. They have a personal stake in fomenting anger and hatred.

I'm seeing some pretty nasty times ahead.

My wife is hotter than your wife.

[Driver1 0]

There will be no addressing the customers as "Bitches", "Morons" or "Retards"!

[Bolas 5]

One of them should just buy the country.

Greece could be the first corporation nation.

https://en.m.wikipedia.org/wiki/Category:Greek_billionaires

Stupidity if left untreated is self-correcting
If ya can't be good, look good, if that fails, make 'em laugh.

[headoverheels 333]

Bolas

One of them should just buy the country.

Greece could be the first corporation nation.

https://en.m.wikipedia.org/wiki/Category:Greek_billionaires

You don't get to be a billionaire by making bad business decisions.

[kallend 2,105]

headoverheels

***One of them should just buy the country.

Greece could be the first corporation nation.

https://en.m.wikipedia.org/wiki/Category:Greek_billionaires

You don't get to be a billionaire by making bad business decisions.

Do it the old fashioned way - inherit it.

...

The only sure way to survive a canopy collision is not to have one.

[lawrocket 3]

kallend

******One of them should just buy the country.

Greece could be the first corporation nation.

https://en.m.wikipedia.org/wiki/Category:Greek_billionaires

You don't get to be a billionaire by making bad business decisions.

Do it the old fashioned way - inherit it.

That's so old fashioned. I like the new way. Go into government, take all the money, hand it out and take a bunch off the top. Then look for more money to take. Accept bribes to not take all of it. Tell the country how you're fighting for the poor

Then start a foundation in your own name. Accept large sums of money, travel, meals, alcohol and ass from around the world. Say you're broke.

This is if you are a Progressive/Democrat.

Next up, how a Republican would do it.

My wife is hotter than your wife.

[kallend 2,105]

lawrocket

*********One of them should just buy the country.

Greece could be the first corporation nation.

https://en.m.wikipedia.org/wiki/Category:Greek_billionaires

You don't get to be a billionaire by making bad business decisions.

Do it the old fashioned way - inherit it.

That's so old fashioned. I like the new way. Go into government, take all the money, hand it out and take a bunch off the top. Then look for more money to take. Accept bribes to not take all of it. Tell the country how you're fighting for the poor

Then start a foundation in your own name. Accept large sums of money, travel, meals, alcohol and ass from around the world. Say you're broke.

This is if you are a Progressive/Democrat.

Next up, how a Republican would do it.

I don't think they made it into the $Billions

Hastert is an instructive Republican case, but then he had to pay off the little boys he molested.

...

The only sure way to survive a canopy collision is not to have one.

[lawrocket 3]

True.

Political office is also inherited. Look at the Kennedy family. Or one can look at the Bush family. Or the Clinton Family. Or Rand Paul.

If we want to start taking inheritances I think it's a nice starting point.

My wife is hotter than your wife.

[kallend 2,105]

Timeless commentary.

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The only sure way to survive a canopy collision is not to have one.

[funjumper101 15]

Germany and France haven't got much moral standing to be bitching about Greek Debt and how it should be handled.

Thomas Piketty Explains Why the Germans Are Being Massive Hypocrites About Greece’s Debt - The English translation linked is down right now. The Slate summary will have to do for now -

http://www.slate.com/blogs/moneybox/2015/07/06/thomas_piketty_on_the_greek_crises_the_star_economist_explains_why_germany.html

[kallend 2,105]

Let's face it - the Germans and French bent their own rules in a massive way to allow Greece into the Euro zone in the first place, because they wanted the zone to be as large as possible. Ditto for the other south European countries with weak economies.

There is no possible way the Greek economy could ever have recovered under the austerity plan the Germans pushed on Greece several years ago. Nor under the current plan.

There are two parties to every loan. When the loan goes bad both parties need to make an effort to solve the problem. Germany and France are every bit as responsible as Greece for this situation. So far Germany's effort amounts to pointing a (metaphorical) gun at Greece and demanding payment.

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The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

In the end?

Greece is to the EU as

The liberal left is to the US

It is where we are headed

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[DanG 1]

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Greece is to the EU as

The liberal left is to the US

Yes, because the conservative right is so fiscally responsible.

- Dan G

[turtlespeed 226]

DanG

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Greece is to the EU as

The liberal left is to the US

Yes, because the conservative right is so fiscally responsible.

The math by either party is flawed.

We need cuts and taxes.
One without the other is stupid.

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[DanG 1]

I agree. Blaming it all on "the other guy" prevents us from getting anything done.

- Dan G

[coozer 0]

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This is how the Socialist financial world works. Borrow money under terms that are agreed to. Socialist Pretty much every country in the world doesn't pay it back. These countries simply borrow more money under additional terms. Blow through all of it and don't pay it back.

Fixed it for ya.

Tell me which counties are in Debt or probably a much shorter or non existent list would be the countries that are not in Debt., Who is all this debt owed to and where does the money come from... How was it 'created'.

Oh but when you do that, you have to realise that the entire banking system is a Ponzie scheme, palmed off as Keynesian economics...

Then you have to feel scared, think it is too hard to change and go back to what you were doing... Back to the status quo.

Greece forgave Germany 50% of their debt in 1953.

How is this situation any different. I guess Tax evasion v's Genocide and failed European domination are two slightly different ways of getting running up so much debt.

Tricky situation.

[Boomerdog 0]

Quote

In the end?

Greece is to the EU as

The liberal left is to the US

It is where we are headed

Kinda validates the principle of what happens when there's no more of other people's money.

[rushmc 23]

Boomerdog

Quote

In the end?

Greece is to the EU as

The liberal left is to the US

It is where we are headed

Kinda validates the principle of what happens when there's no more of other people's money.

Ya
And look who is rising as a Democrat canidate right now. And this is exactly what he is pushing

But
Dan did make a good point too
The republicans are not much better

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[Boomerdog 0]

Quote

The republicans are not much better

You're absolutely spot on correct on this point. Neither party wishes to give up spending the taxes they collect while in office/power...it's just WHERE they focus and spend the $$$.

It's why you have to cut em' off. Politicians are only empowered with other people's money. It's how they do their damage.

[kallend 2,105]

Boomerdog

Quote

In the end?

Greece is to the EU as

The liberal left is to the US

It is where we are headed

Kinda validates the principle of what happens when there's no more of other people's money.

The USA has run a debt continuously since 1836. "Other people's money" hasn't yet run out.

You make the fundamental error of treating national debt like household debt.

Greece's problem isn't socialism or capitalism. That's just the naive thinking typical of rushmc. Finland and the Netherlands are socialist Euro zone nations and are doing just fine.

Greece was allowed by the Eurozone promoters to join when it didn't meet the criteria they had set. Rather like the sub-prime mortgage lenders in the US pushing loans on people with no hope of paying back. Germany and France are every bit as much to blame as Greece.

And Wall St. has a lot invested in French and German banks. The fallout will hit the US too.

...

The only sure way to survive a canopy collision is not to have one.

[turtlespeed 226]

kallend

***

Quote

In the end?

Greece is to the EU as

The liberal left is to the US

It is where we are headed

Kinda validates the principle of what happens when there's no more of other people's money.

The USA has run a debt continuously since 1836. "Other people's money" hasn't yet run out.

You make the fundamental error of treating national debt like household debt.

Greece's problem isn't socialism or capitalism. That's just the naive thinking typical of rushmc. Finland and the Netherlands are socialist Euro zone nations and are doing just fine.

Greece was allowed by the Eurozone promoters to join when it didn't meet the criteria they had set. Rather like the sub-prime mortgage lenders in the US pushing loans on people with no hope of paying back. Germany and France are every bit as much to blame as Greece.

And Wall St. has a lot invested in French and German banks. The fallout will hit the US too.

Yet.

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[Boomerdog 0]

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The USA has run a debt continuously since 1836. "Other people's money" hasn't yet run out.

Not yet...but it will. There's this pesky principle out there about unchecked costs exceeding revenue.

Quote

You make the fundamental error of treating national debt like household debt.

One thousand penances plus one offered to you oh wise one from a me; just a simple serf. But you still have to pack your own rig or get someone else to do it.

Quote

And Wall St. has a lot invested in French and German banks. The fallout will hit the US too.

"It's deja vu all over again." - Yogi Berra

[kallend 2,105]

Boomerdog

Quote

The USA has run a debt continuously since 1836. "Other people's money" hasn't yet run out.

Not yet...but it will. There's this pesky principle out there about unchecked costs exceeding revenue.

[

Indeed, that's why the USA has continuous debt since 1836. The issue is whether the revenues allow the interest on the debt to be serviced. In the case of the USA they do. In the case of Greece they don't.

In 180 years no creditor has turned up on the USA's doorstep and demanded immediate repayment of principal, nor will one do so until the US defaults on a payment, which is highly unlikely unless the loony wing of the GOP forces it.

...

The only sure way to survive a canopy collision is not to have one.

[Amazon 7]

Boomerdog

Quote

The USA has run a debt continuously since 1836. "Other people's money" hasn't yet run out.

Not yet...but it will. There's this pesky principle out there about unchecked costs exceeding revenue.

***You make the fundamental error of treating national debt like household debt.

One thousand penances plus one offered to you oh wise one from a me; just a simple serf. But you still have to pack your own rig or get someone else to do it.

Quote

And Wall St. has a lot invested in French and German banks. The fallout will hit the US too.

"It's deja vu all over again." - Yogi Berra


I wonder where all those fiscal hawks who vote a straight GOP ticciie were at then their "good guy in the white cowboy hat" was putting two wars on a credit card... AND lowing taxes.

[Boomerdog 0]

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I wonder where all those fiscal hawks who vote a straight GOP ticciie were at then their "good guy in the white cowboy hat" was putting two wars on a credit card... AND lowing taxes.

Yea...I wonder too...it was not a good way to fight a war.