Posted on 07/07/2015 5:17:19 PM PDT by Kartographer
Did you hear the news? “Greece Says No to Further Austerity Measures!” Did you shake your head and say, “Wow, the nerve of those people refusing to cut their expenses in the face of all that debt”?
I’m no financial expert, but I don’t think that tightening up the budget was really what they were turning down.
I think that they were turning down the opportunity to continue under the tyrannical rule of the EU. They were breaking free.
What they were actually turning down was another series of huge loans that would put them further in debt and further under the oppression of the European Union loan sharks. They said no to another entity controlling their finances and destiny. Collapse or survive, the voters loudly stated that the Greek people want their country back.
(Excerpt) Read more at shtfplan.com ...
Preppers’ PING!!
Don’t forget to take notes!
However, I see some of this as equivalent to a drug addict borrowing money from the drug pusher. You get in deeper and deeper and there is just no way out.
Hey, the junkie was wrong to be a junkie.
The junkie was wrong to borrow from the pusher.
The junkie was wrong not to find a way to pay back the debt.
But right now, Greece is quitting the game. They won't borrow more, and they won't be getting the junk any more. Yes, they are failing to honor their obligation to the drug pusher, but they seem to be getting cleaned up.
Who is the real problem: Greece? or the EU?
Breaking free from what? They’ve been living on other people’s money since they joined the E.U.
What they voted against was losing free stuff.
No difference from L.I.V. in this country.
One of the most important lessons is that the bank shutdowns happen not long before the climax of the crisis. They are always positioned as temporary, designed to cool off a bank run.
There was ample warning in Greece. I don’t think we will get such warnings in the US, so one must be vigilant.
When the banks reopen, most if not all of the deposited assets will be gone.
What would have preserved wealth during the crisis? Oddly enough, stocks and foreign bonds. This was exactly the case during the German and Hungarian hyperinflations, the British devaluation in 1967, the US inflation crisis, and the Argentina collapse.
If a war breaks out, however, stocks and foreign bonds could be among the worst investments...
Explain to me how Greece is cleaning up? They are demanding to borrow MORE money without out imposing needed cuts in social spending.
I don’t think that’s a good analogy. For one thing, I won’t believe the Greeks are “getting cleaned up” until those idiotic government pensions disappear. Secondly, I don’t think there’s any comparison between an individual drug addict and an entire nation. If a nation can’t meet its obligations, then it should probably cease to exist.
Right, they want the opportunity to fail outright all by themselves! I say let them! Socialism can only last as long as Germany and others in the EU let them.
—Collapse or survive, the voters loudly stated that the Greek people want their country back—
What a coincidence! The American people want their country back too...
“Who is the real problem: Greece? or the EU?”
Wrong question. It’s not who but what.
And the answer is socialism.
L
“Who is the real problem: Greece? or the EU?”
Both are equally irresponsible. The Greeks, for far to long have lived under very generous government pension and welfare policies that they could not afford. While the EU has been enslaving and gouging the Greeks for every single penny. This should be a lesson for all parties involved but somehow I suspect nothing will change.
Borrowing money to pay day to day operating (living) expenses is doomed.
Either the EU fasciocrats know this and have a different end game in mind they we are not privy to, or they are Keynesian morons that honestly believe this can go on forever.
We will see. And maybe I don't have so much faith in Greece. But all of these games continue until such time as they CANNOT continue. Has Greece reached that point? I do not know. But at some point, the game will stop.
I personally learned what that was in 2008 - a year before my husband lost his three figure job. Lots of pasta and very cheap vegetables - mostly green peppers. Monotonous for sure.
“What would have preserved wealth during the crisis? Oddly enough, stocks and foreign bonds. This was exactly the case during the German and Hungarian hyperinflations, the British devaluation in 1967, the US inflation crisis, and the Argentina collapse.
If a war breaks out, however, stocks and foreign bonds could be among the worst investments...”
Did the stock market keep pace with the Weimar hyperinflation?
I figure I’m screwed, no matter what. I have some investments for inflation, some for a deflation. Either way, I’ll lose half. If we have hyperinflation followed by a depression, I lose it all.
That’s what the garden and chickens are for. ;(
If my idiot brother spends his paycheck on booze and women and then feels forced to get a loan from a loanshark or payroll advance companies he may blame them.
I on the other hand refuse to loan him money and blame him for his bad decisions. He like the Greeks made a choice. They both chose poorly!
Love that statement - “Gouging the Greeks”! I guess you mean asking them to pay back their loans? Or maybe you think that the loans were too expensive? Not really sure as you did not say but really, blaming the EU for Greeks socialistic actions is dreadful! Yes, they are at fault for allowing the Greeks to continue their plundering for this many years!
Sorry to hear about that. I hope he found something great since then!
“Who is the real problem: Welfare Cheats,Retirees at age 45? or the Gubmint”
And in another land.....
Both are equally irresponsible. the Welfare Queens,Disabilty Cheats, for far to long have lived under very generous government pension and welfare policies that -———WE could not afford. While the Gubmint and Wall St.have been enslaving and gouging the Middle Class for every single penny. This should be a lesson for all parties involved but somehow I suspect nothing will change.
Thank you for your concern - so many freepers have been kind to us! No, he still hasn’t found work (he actually lost his job 2 years ago at age 63) and I’ve picked up the slack. What was scary was not having enough food - I’ll never get over that. Until you’ve been hungry, you never know what hell is!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.