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Wall St. Helped Greece to Mask Debt Fueling Europe’s Crisis(Goldman Sachs implicated again)
NYT ^
| 02/14/10
| LOUISE STORY, LANDON THOMAS Jr. and NELSON D. SCHWARTZ
Posted on 02/14/2010 4:07:25 AM PST by TigerLikesRooster
click here to read article
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To: 10thzodiac
The first thing to do is to secure a place where you can play fiddle. It may be harder than getting a fiddle, because just about everywhere would be on fire.
21
posted on
02/14/2010 5:55:48 AM PST
by
TigerLikesRooster
(LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
To: mewzilla
22
posted on
02/14/2010 5:56:07 AM PST
by
mewzilla
(I'm not a socialist. Heck, yes, I hope Barry fails. Sheesh.)
To: proxy_user
Theyre just providing the services that the customers are looking to buy. Absolutely. Just like drug dealers. Consequences to society at large be damned...profit is king.
23
posted on
02/14/2010 6:02:13 AM PST
by
Wolfie
To: proxy_user
24
posted on
02/14/2010 6:03:10 AM PST
by
jd777
To: 10thzodiac
The global future is option two. What follows, I don't know. World war, global depression, an attempt to foist a new global central bank on us, with a single global fiat currency, a return to the gold standar....the field is wide open. But the fiat era is ending.
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
-~~Ludwig Von Mises
25
posted on
02/14/2010 6:14:18 AM PST
by
Travis McGee
(----www.EnemiesForeignAndDomestic.com----)
To: Travis McGee
Remember, democracy never lasts long, said Adams. It soon wastes, exhausts and murders itself. There never was a democracy yet that did not commit suicide.
Added Jefferson, A democracy is nothing more than mob rule, where 51 percent of the people may take away the rights of the other 49. Madison agreed: Democracy is the most vile form of government.
Travis, we’re good for another 40-50 years before we go the way of the British Empire. We could pay our DEBT back double if we wanted too. Not. Those with the BIG GUNS make the rules (world). The good news is we won’t be here in 40-50 years. Well at least me anyways...
Aren’t you glad we are a Republic ?
To: 10thzodiac
27
posted on
02/14/2010 6:45:56 AM PST
by
Travis McGee
(----www.EnemiesForeignAndDomestic.com----)
To: 10thzodiac
None of this is cheering me up one bit... booze in the hands of a drunk and debt in the hands of politicians...same result. To Washington, debt is free money and they never seem to understand that all of this stimulus money and public spending has to be paid back. Or... they know damn well it needs to be paid back and they are amassing it anyway to kill off our republic. WE MUST DISMANTLE THE FEDERAL GOVERNMENT AND RETURN POWER TO THE INDIVIDUAL STATES AND THE PEOPLE...
28
posted on
02/14/2010 6:51:58 AM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: mewzilla
Bleak article. The socialist establishment is raping the productive class in a half*ssed attempt to cover over its profligate spending. Tax the productive class until they all move to China!
29
posted on
02/14/2010 6:54:41 AM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: TigerLikesRooster
so Germany’s agenda is to throw Greece under the bus and the NYT agenda is to throw Goldman (and Sachs) under the bus (for Acorn and Obama)... so who’s complicit now? Ya know, bankers often are accused of ‘doing their job’! GS just does their job better than anyone else!
30
posted on
02/14/2010 6:56:20 AM PST
by
CRBDeuce
(here, while the internet is still free of the Fairness Doctrine)
To: CRBDeuce
Yes, CountryWide did its job, and its customers were happy. Crack dealer does its job and crackhead is happy.
So following this tradition, you, GS, and others keep on doing your job. Let's see what the "god's work" leads to.
It is a form of 'Bust Out.' Taxpayers all over the world would have to foot the bill from this fallout in the end.
31
posted on
02/14/2010 7:07:44 AM PST
by
TigerLikesRooster
(LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
To: CRBDeuce
As for Greece and GS, both are deserved to be thrown under the bus just as Dems and Obama are.
32
posted on
02/14/2010 7:09:40 AM PST
by
TigerLikesRooster
(LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
To: farlander
The HUGE tax evasion problem in Greece...something like 40% don't pay taxes due, and 40% of the economy is 'under the table'. Gonna get them kicked out of the EU along with the other PIIGS as well. Especially if 40% of the currently paying countries stop paying as well! Of Course, the USA is nearing that cliff, with over half of the country on the take (instead of paying taxes, they're collecting from those that do... especially talking about gummit bureaucrats). Even if a gummit bureaucrat pays his taxes it's just going out of one pocket into the other...tough to claim productivity in that 'effort'!!
33
posted on
02/14/2010 7:17:50 AM PST
by
CRBDeuce
(here, while the internet is still free of the Fairness Doctrine)
To: April Lexington
One Problem Moving To China: Millions hungry - less arable land per capita than one of the poorest countries in the world - Bangladesh, plus if you’ve been to PRC you wouldn’t want to live there. China is its own ticking time bomb 1 billion 300 million and they keep screwing themselves away from the dinner table every nano-second.
To: Wolfie
>> Consequences to society at large be damned...profit is king.
Yes, but profits for kings.
And let’s stop giving capitalism a bad name by labeling the array of shenanigans as “Crony Capitalism”. Subsidizing broken and corrupt systems with taxpayer funding is no form of capitalism.
35
posted on
02/14/2010 7:40:16 AM PST
by
Gene Eric
(Your Hope has been redistributed. Here's your Change.)
To: RayChuang88
Does Greece have a VAT?
That’s like the ‘Fair Tax,’ but with the added virtue of a characteristic European bureaucracy whose deleterious effects are (as always) out of proportion to its great size.
36
posted on
02/14/2010 7:59:59 AM PST
by
Erasmus
(Buffalo: "I never met an Indian I didn't like, with the possible exception of Deepak Chopra.")
To: 10thzodiac; mewzilla
I think what zilla meant was that the productive activity will move to China, leaving the Greek formerly-productive individuals with nothing to do but to go down on the sinking ship along with their mooch-countrymen.
37
posted on
02/14/2010 8:05:28 AM PST
by
Erasmus
(Buffalo: "I never met an Indian I didn't like, with the possible exception of Deepak Chopra.")
To: 10thzodiac
I might add that your point about China’s potentially explosive problems is sobering. If China blows up (economically and therefore politically), it will be a literally world-class cataclysm.
38
posted on
02/14/2010 8:07:56 AM PST
by
Erasmus
(Buffalo: "I never met an Indian I didn't like, with the possible exception of Deepak Chopra.")
To: Erasmus; April Lexington
I just noticed that 10thzodiac was responding to you, not mewzilla, so it’s you that I meant to ping.
On rereading your post, maybe you actually were talking about productive Greek individuals physically moving to China.
My first interpretation of your post, however, seems the more likely scenario to me.
39
posted on
02/14/2010 8:11:41 AM PST
by
Erasmus
(Buffalo: "I never met an Indian I didn't like, with the possible exception of Deepak Chopra.")
To: TigerLikesRooster
Goldman Sachs should be immediately torn apart and sold off. Oh wait.....half of Jack Squat’s folks are Goldman Sachs linked....oh wait, Goldman Sachs was one of Jack Squat’s largest contributors....my bad.
40
posted on
02/14/2010 9:50:21 AM PST
by
cranked
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