Obviously you don't think that the EU has less then vested
interests in saving Greece. Greece is the lynch pin to a very
explosive situation. My point was that austerity measures alone
whilst piling on more debt to pay previous debt will not stop the
endgame and the Greeks know it. The Greeks would respond more
favorably to any sort of coherent policy to address huge structural
problems in the economy. But they only see power plays to save the
crumbling edifice of the Euro...
Can they repudiate the Socialistic policies and wild free
spending and big govt that has placed them in this situation? Will
they turn on the Union and political machines that have promised
the world and delivered by bankrupting the nation?
What's worse is that if allowed to default, the rest of the
world will rush in to lend the next govt all it wants to keep the
fantasy going in another round of ponzi socialism and fraud.
Reality of the matter is...We really need to Govt to step in to
save Italy, Spain & Portugal. We are talking about significant
financial catastrophe if we dont step in. Mortgage mess will be
peanuts compared to the global impacts. Can you say Global
depression with 20% plus unemployment world wide.
Start with the politicians and union thugs, er bosses. Then
throw in the bankers who facilitated this irrational borrowing and
spending.
Ebenezer: Are there no prisons?
First Collector: Plenty of prisons.
Ebenezer: And the workhouses - are they still in operation?
First Collector: They are. I wish I could say they were not.
Ebenezer: Oh, from what you said at first I was afraid that
something had happened to stop them in their useful course. I'm
very glad to hear it.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Obviously you don't think that
GREEKS... WHAT A MESS!
Posted by Vida on 1st of Nov 2011 at 12:01 pm
Obviously you don't think that the EU has less then vested interests in saving Greece. Greece is the lynch pin to a very explosive situation. My point was that austerity measures alone whilst piling on more debt to pay previous debt will not stop the endgame and the Greeks know it. The Greeks would respond more favorably to any sort of coherent policy to address huge structural problems in the economy. But they only see power plays to save the crumbling edifice of the Euro...
Can the Greeks change?
Posted by perthx on 1st of Nov 2011 at 12:09 pm
Can they repudiate the Socialistic policies and wild free spending and big govt that has placed them in this situation? Will they turn on the Union and political machines that have promised the world and delivered by bankrupting the nation?
What's worse is that if allowed to default, the rest of the world will rush in to lend the next govt all it wants to keep the fantasy going in another round of ponzi socialism and fraud.
Oh themou!
Reality of the matter is...We
Posted by jdaswani on 1st of Nov 2011 at 12:14 pm
Reality of the matter is...We really need to Govt to step in to save Italy, Spain & Portugal. We are talking about significant financial catastrophe if we dont step in. Mortgage mess will be peanuts compared to the global impacts. Can you say Global depression with 20% plus unemployment world wide.
The Euro idea is nots
Posted by dylan398 on 1st of Nov 2011 at 01:07 pm
The Euro idea is nots to begin with and we are being told that if we don't keep it together the world will go into depression...popycock.
Just the ruling class getting a bigger stranglehold on society...JMO
And we should bail out Europe why?
Posted by perthx on 1st of Nov 2011 at 12:18 pm
Start with the politicians and union thugs, er bosses. Then throw in the bankers who facilitated this irrational borrowing and spending.
Ebenezer : Are there no prisons?
First Collector : Plenty of prisons.
Ebenezer : And the workhouses - are they still in operation?
First Collector : They are. I wish I could say they were not.
Ebenezer : Oh, from what you said at first I was afraid that something had happened to stop them in their useful course. I'm very glad to hear it.