Posted on 05/05/2010 4:36:30 PM PDT by The Magical Mischief Tour
ATHENS—Greece's fiscal crisis took a new turn to violence Wednesday when three people died in a firebomb attack amid a paralyzing national strike, while governments from Spain to the U.S. took steps to prevent the widening financial damage from hitting their own economies.
U.S. Treasury officials have been quietly urging their European and International Monetary Fund counterparts to put together a Greek rescue plan more quickly to contain the damage, it emerged Wednesday, as U.S. policy makers worry the continent's problems could undermine a U.S. recovery much as U.S. housing woes hammered Europe in 2008.
In Spain, rival political leaders came together Wednesday with an agreement that aims to shore up shaky savings banks by the end of next month. Investors, meanwhile, are pouring money into bonds of countries seen as less exposed to the crisis, from Russia to Egypt.
(Excerpt) Read more at online.wsj.com ...
I have to be honest here....I have thoroughly enjoyed watching socialism implode in Greece and so look for it to implode in the rest of Europe, etc. Meh, just me though....
Where is the media & dimturd rat liberal bastards who decry the "incendiary rhetoric" at TEA parties but remain silent about the open call to violence by illegals & their libturd suppporters? This guy holding the sign needs to be shipped asap back to Mexico!
And BTW, I have never seen any such posters at TEA party events that advocated any sort of violence or bloodshed, contrary to the liberal rat bastards & their partisan media.
It wouldn’t bother me, as long as I could feed.
Once capitalism collapses (in Europe & very soon in the U.S.) and the productive tax paying sector has all but been squeezed into oblivion, then who is going to pay the taxes & all the entitlement programs & welfare programs & bloated gubmint agencies & bloated gubmint pensions?
Or maybe that will just be the start of worldwide anarchy & Armegeddon!
That is exactly it in my opinion. The vast majority of people are now economic and fiscal illiterates thanks to the left-wing government schools that prevail in most western nations. Most people have no clue where money comes from and expect that the government can simply make more without consequences. It seems that the current crises are going to be the mechanism for giving people this education.
People incapable of learning from the past due to an incompetent educational system and an irresponsible fourth estate are going to insist on stretching the status quo until local disasters finally become inevitable, viz. Greece. With some luck the less screwed-up countries then have enough time margin remaining to take corrective political action (i.e. throw the left-wing morons out of office) and fix the structural imbalances before it takes them down as well. The sheer size of the US economy and the grass-roots awakening give me hope that the US will actually come through this better that most of the western world.
Look, the same people who have screwed us over in the US are the same people who have screwed over the Greeks. Blaming the Greeks for what happened is like blaming ordinary Americans for what happened here.
I find no pleasure in seeing anyone suffer, however necessary that suffering might be. I think that schadenfreude is the sign of a diseased soul. But maybe that's just me.
The real question is will that decrease be counteracted best under a socialist or a capitalist economy.
I fear the U.S. will have to face that same question.
http://www.freerepublic.com/focus/f-news/2451245/posts
Spain curbs ‘millionaire’ pay for air traffic controllers (incredible salaries)
Breitbart.com ^ | Feb 5th, 2010 | Breitbart
Posted on February 15, 2010 4:07:55 AM GMT+09:00 by DontTreadOnMe2009
According to figures released by the transport ministry last week, 135 controllers earned more than 600,000 euros (830,000 US dollars) per year while 713 earned between 360,000 and 540,000 euros.
By comparison Prime Minister Jose Luis Rodriguez Zapatero earns just under 92,000 euros a year while the average salary in Spain is just over 18,000 euros per year, according to government figures.
In addition, the controllers can retire at the age of 52.
(Excerpt) Read more at breitbart.com ...
Spain curbs ‘millionaire’ pay for air traffic controllers (incredible salaries)
According to figures released by the transport ministry last week, 135 controllers earned more than 600,000 euros (830,000 US dollars) per year while 713 earned between 360,000 and 540,000 euros.
By comparison Prime Minister Jose Luis Rodriguez Zapatero earns just under 92,000 euros a year while the average salary in Spain is just over 18,000 euros per year, according to government figures.
In addition, the controllers can retire at the age of 52.
(Excerpt) Read more at breitbart.com ...
Good question. The answer is that of course there is more money. They are just 10 million people and the Eurozone has 300 million, it is easy to finance their public sector distributing the debt among the rest of Europeans.
In addition, this global crisis has demonstrated that governments can print money whenever they want. Why don’t do so now?
That is, if governments have proven they can manipulate everything, why stop now?
In parts of the country its over 50% (Scotland, Northern Ireland).
In countries like Greece, “the workers” and “those who receive government benefits” are often the same people. I’m sure there’s a fair share of unemployed layabouts, but these countries give benefits for EVERYTHING. It’s unsustainable, but people get used to the entitlements.
Europe has a tendency to start global wars over crap like this.
Ron Paul: "If we are helping bail out Greece, how can we not bail out California?"
Gee...ain’t dat dere socialism jes’ absolulllly wunnnerfull???
Just ask any Democrat...
Ron Paul has a knack for asking inconvenient questions.
I like the guy - right where he is. Better that he's on the outside tossing bombs, than on the inside and captured by the process.
Actually, we need more politicians who have the same basic small-government philosophy & integrity as Ron Paul, but who bring different strengths to the table. RP is more like the college professor who produces students who'll do great things, rather than the guy who will go the distance himself.
And we are beginning to get that -- Libertarians, Campaign for Liberty, libertarian Republicans and Constitutionalists numbers are growing and coalescing -- much to the chagrin of big-government neocon Republicans who still have the money and power, but not the voters anymore.
Neocons are losing a voter base who aren't coming back and they are getting scared. Expect a populist candidate out of the necons who is light on knowledge, and well though-out political positions, but who voters just love, to act as a stalking horse to try and bring those who've left the traditional GOP "back home to daddy". Problem is that by the time that happens, there isn't going to be much of a necon home to come home to in the GOP.
So true.
>>>>>>This kind of economic destruction could lead to war.
And I mean war in Europe. Civil war. Revolution. War between states.>>>>>>>
Look for the “natural born” Europeans to turn on the immigrants, especially those on the dole.
http://www.freerepublic.com/focus/f-news/2507038/posts
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