"je surrendeur" :-) (dunno about Greek)
Coming soon to a neighborhood near you. 
Posted on 05/11/2012 6:16:08 AM PDT by cap10mike
Last Sunday, Greece and France held national elections. Both would determine the countries’ future fiscal course of action. In Greece, voters rejected the two ruling parties that had voiced support for the European Union austerity program. That program was instituted in an effort to keep the EU solvent after Portugal, Ireland, Greece and Spain, known as the PIGS, incurred massive debt as the result of their “cradle to grave” social programs. Since Greece was one of the EU’s original “problem children,” this could probably have been expected.
In France, socialist Francois Hollande was ushered in, while right-of-center Nikolas Sarkozy was given the bum’s rush. Sarkozy’s sin was that, while president, he raised the French retirement age from 60 to 62. Hollande not only promised to lower it back to 60, but to tax those making 1 million euros or more at 75 percent to help pay for it. When delivering his victory speech, the incoming president declared, “Austerity can no longer be inevitable.” Austerity? Retiring at 62 is an act of austerity?
(Excerpt) Read more at bizpacreview.com ...
They done gone and ran out of other peoples money.
Next? We were first, November 2008.
How do you say Road Warrior time in French and Greek?
The 41% here will be just as resisitant to austerity measures as the general public of Europe. Expect our train to continue hurtling down the track of collapse and prepare accordingly.
We heard the same thing about Iceland, which is now one of the happiest and most peaceful places in the world.
Renouncing unpayable debt is not suicide, because its the banks that die, not the debtors.
People, including many here, have accepted that national survival equals survival - no, profitability - of the money center banks, when it is those banks (in their present unconstitutional role) that are a major threat to that survival.
Money systems end all the time. Ours is terminally ill.
As soon as it dies, we can start to get well again.
“We heard the same thing about Iceland, which is now one of the happiest and most peaceful places in the world.
Renouncing unpayable debt is not suicide, because its the banks that die, not the debtors.”
But Iceland is does not hold the world’s trading currency, we do. So if we were to default, it would be catastrophic to the world’s economy and ours.
We will not default, and we will control interest rates by buying up our own debt by the Fed. Devalues the dollar, but the Fed can play that game for a long time.
Greek: Χρόνος οδικών πολεμιστών
French: The French don't have a word for 'Warrior' :)
We see it clearly in France. Many Americans also harbor this death wish.
Whether or not America will survive depends on how many Americans are infected with this death wish and how powerful it is.
We see it clearly in France. Many Americans also harbor this death wish.
Whether or not America will survive depends on how many Americans are infected with this death wish and how powerful it is.
Yep.
Kinda makes you wonder if the whole planet has wandered into some kind of “stupid zone” in the Universe.
Sure they do...the word is Bosch.
I thought it was Legionnaire.
Keynes wanted govt. spending to invigorate the private sector of the economy, not keep govt. bureaucrats in obstructive, rather than productive, jobs.
Question is whether the population at large is productive enough to make good after hitting the debt reset button, or whether a net negative productivity will just drive ‘em back down the hole again.
Getting conned into being liable for someone else’s financial mistakes is one thing.
Being that someone else is different.
What about guerrier?
Your answer’s better...wish I’d thought of it.
"je surrendeur" :-) (dunno about Greek)
Coming soon to a neighborhood near you.
“They can’t even muster the desire to have children!”
I’m curious, how many kids do you have?
LOL! I’m sure Margaret Thatcher is chuckling over this one.
Good point! And assuming we can get him out of office, we’re gonna be spending decades trying to get things back the way they should.
Bwahaha! I couldn’t say; it’s all Greek to me!
Even John Maynard Keynes said “government stimulus spending” had very limited application.
I have to agree with you here. Witness how Paul Ryan is so criticized for his plans to save Social Security and Medicare.
I submit that it results in both the banks’ and the country’s suicide. When we don’t pay our debts, the dollar suddenly loses its worth, just as if we had paid the debts off with newly-printed money.
Good point.
No word for “warrior?” Sacre bleu!
Its very curious, but its quite usual for “disciples to go further than their master”. I mean that economists that call themselves “keynesian” are far greater devotees of keynesian economics than John Maynard Keynes was himself! This happens in other spheres of life. Many Calvinists are far more extreme than Calvin ever was.
I don’t understand that article at all. It sounds like total double-speak. Even if you accept that deficit spending in itself was not the cause of the current crisis, it can hardly be a good thing to have in the long term.
Why?
The author gets the PIGS thing wrong. First it was Portugal, Ireland, Italy, Greese, Spain yielding PIIGS. Now to quote Ichabod1 quoting uh, Ichabod1, it is Portugal, FRANCE, Ireland, Italy, Greece, and Spain, for PFIIGS. PFIIGS. That’s what it is.
He also said In the long run we’re all dead.
Why - Demographics. I have 2 kids as well.
As you rightly point out, Europe is in a demographic death-spiral because they aren’t having kids. You need to have at least 3 kids for your population to grow. I was just curious how many you had. For you and I with 2 kids each, the population is holding steady, but not growing.
In the generations before our grandparents, it was commonplace for people to have 5 or 10 or more children.
I suspect that the decadent Western Leftists' Islamophilia may be a subconscious desire for the absolutes that Islam promises.
I also agree, I think the only thing we can do is just default and bankruptcy and rebuild from there, that’s how far out of control we are. I know some brought up dire consequences in doing this but IMHO, we are past the point of no return, the red fuel light in the cockpit came on and we just have to fly on to our destination.
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