Posted on 5/5/2010, 1:58:09 PM by Motherhood IS a career
Morons,
There is no money. There is no one else’s pocket left to pick. You can’t borrow anymore, you can’t print anymore, and you can’t steal anymore from anyone else. The people who will be paying the bill to keep you from reentering the 15th century are, unlike you, working very hard. They deserve better than you spoiled pampered children are giving them.
You object to the bond market, but the bond market is just the voice of reality calling. It’s telling you that 2 plus 2 is still 4, no matter what your union bosses would have you believe. Your bosses tell you that ‘the people’ didn’t spend the money, but it’s not true. That’s exactly who has wasted the money, and now the bill is coming due. Right now the Bond Market is actually your very best friend. It’s telling you what a horrible mistake you’ve made, and giving you a chance to undo it, before it’s too late.
The standards that the Germans are living by right now are unsustainable in their own right, but they are a lot closer to reality than you are. At the very least you should pull up your pants, wipe that stuff off your face and be responsible enough to live at that level. Since it’s they who will be coming up with the bulk of your shortfall you should do it out of good manners if you can’t manage any other reason. And once you do, the rest of us will step and pull you back from the brink.
But the truth is, we’re not going to pull you that far. If you continue to make no contribution to productivity, your life from here on out will be one of relative hardship and poverty. And frankly that’s how it should be. You can live your lives any way you like as far as we’re concerned, but no one is going to reward you for getting drunk on the beach anymore. In the modern world you’ll only get out of the system what you put into it. Either work – or learn to live without.
Socialism always was (and frankly – still is) a horrible idea. It’s the reason you’re in this embarrassing position in the first place. In the eyes of the world you all look just as stupid and spoiled as can be. You could be protesting in diapers and demanding that ‘the state’ wipe your behinds and it would only marginally affect your public image. You need to accept the fact that there are no circumstances under which politics can arrange for nothing to be equal to something. You can not make a contribution of zero and expect to get a benefit greater than that.
You’ve thrown your bottles, burned your flags, waved your signs and had your fun. Now it’s time for you to learn the lessons of history and abandon this idiocy before we finally lose our patience with you. Grow up – and get back to work.
The EU is stupid for agreeing to this bailout. It will simply encourage other PIGS to not clean up their own mess.
And THIS is the exact direction “O” and Co. would like to take America.
H E L L O ????????
They don't care. Economic turmoil and collapse are just a price to pay to achieve power. This is a power grab, not a financial complaint. As you've indicated, it's the communists and the labor unions that are rioting, and now murdering people. Gee...that's the primary groups behind the organization of the left in the US too.
Absolutely. It bails out bond holders stupid enough to lend money to a nation with bad fiscal habits. And, it siphons off capital that could otherwise be put to good use creating jobs. The problem is not Greece as you point out. The problem is the politicians trying to solve every one of the Earth's problems.
What’s so stupid about lending money to Greece?
Greek government bonds are yielding around 17%, which is a very good rate.
And you know that these bonds are back by the full faith and credit of the GERMAN government.
Seems like a win/win to me.
The market is telling you that there is a 1 in 6 chance of default. But don't let that stop you from buying.
And are we (and Canada) not paying part of the Greek bailout too? I believe so.
I think you failed to read or understand the second part of the response.
These bonds are backed by the “Full Faith and Credit of the GERMAN government.”
In the words of our beloved leader, Greece is “Too Big To Fail”. If the deluded dream of the Euro is to survive, Greece will have to be bailed out. And the only one that can pay the bill is GERMANY.
So it actually not a bad play. Get the high interest rate and in a default, the Germans will pay the note off.
What’s stupid about that?
DEAR morons, lets not be rude now. heh.
yes, via the IMF...
Not just Canada, but also the United States and most importantly Germany.
By week’s end, you’ll be seeing all the central banks kicking in to try to prop up Greece, so that the Euro can be salvaged.
But waiting in the wings, is Spain and Great Britain.
Buckle up kiddies, it going to be a bumpy ride.
Toss the greek turds out of the eurozone. Dismantle the IMF. Flush twice just to be sure.
“The EU is stupid for agreeing to this bailout. It will simply encourage other PIGS to not clean up their own mess.”
The IMF is in on this bail out too. So these are YOUR tax dollars at work.
If only that were the case.
But yeah, here’s a warm happy thought.
Pretty soon, the only viable solvent currency left will be the Chinese Yuan.
If the risk/return ratio meets your criteria, then go ahead and invest. I sold my national debt securities in 2008 and 2009 and have avoided significant losses. The economic theory in play is that when governments think they can get a bail out, then they are less willing to face up to fiscal reality. The choices they make with other people's money is different than the choices they will make with their own money. Nations such as Greece that think they can be bailed out will not make the internal changes necessary to put their economy back on track.
I am not arguing from a conservative ideology point of view. I am arguing from an economic standpoint.
Free cheese comes from God! Obama’s stash must be distributed fairly. If a tooth falls out and you put it under your pillow and the tooth fairy does not put a quarter under your pillow - throw yourself on the floor, kick your feet and hold your breath until you turn blue. Perhaps the tooth fairy will return. I do not think so. Greece is our future. There is not an industrialized nation that is not living beyond its means.
Back in the Good Old Days, northern Europe worked hard after WW2 and had money. Its population came up with the brilliant idea of going south every summer to Greece, Italy, Portugal and Spain (and France if you really had to). The reasoning was that these countries were poor, and consequently very cheap - and they had very good summer weather. Voila! -the perfect summer holiday (vacation for the Yanks).
Seeing all the wealth, those southern countries naturally said "I want some of that wealth." They raised their prices - a lot - and become Welfare States with very high standards of living. They did little else. Untenable position! It is now coming home to roost.
Greece is now messing up what little economic prospects it has in terms of tourism.
That said, this once again proves that not only is Socialism stupid, unworkable and immoral, it is actually dangerous. Because once the money runs out -- and the money always runs out -- either the welfarists riot as is happening in Greece and the government puts them down brutally, thus furthering the country along toward tyranny or the government preemptively starts killing millions to (1) preclude civil unrest and (2) reduce the number of mouths to feed.
What is the outcome here on the ground? Will this unrest "need" to be put down? If so, which government will do the dirty work?
Once again Socialist Utopia devolves into the worst kind of brutality. Not only do people lose their wealth in Socialism, the dynamics invariably lead to people losing their lives. I hope that is forestalled in Europe, but history has a way of repeating itself.
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