Posted on 04/29/2010 10:42:58 PM PDT by TheMole
The problem with much of the opinion surrounding the Greek financial crisis is that few writers actually have any experience in Greece, in dealing with its politicians, its bankers, its systems, its cultural proclivities and its people.
I personally have such experience, as between 2003 and 2008 as chief executive of a startup airline we invested €20-million ($26.7-million) in the country to develop seaplane operations between isolated islands. This was an essential service that was important to the economics, health and safety of its people and state. This project gave me and my partners direct access to all ministers of the government, senior bankers, all local government officials, bureaucrats and the media. At the same time, we were exposed to the Greek employment culture and business operating regulations and systems. We were, as it turns out, “Alice” in Wonderland.
(Excerpt) Read more at network.nationalpost.com ...
“Greece is one giant Ponzi scheme.”
#####
Socialism is one giant Ponzi scheme.
The trick is to keep the productive from going Galt.
Ponzi is the most influential financial dead guy in our times.
This should end well.
Sounds just like our drunken incumbent congress...
Ha! We have our own Giant Ponzi Scheme... we call it Social Security.
It’s exactly what’s going on here. Where is the money going?
I think it’s going to the Club of Rome. They use Greece to siphon more money from Europe. They’re probably going to use Puerto Rico to siphon our money. All in the name of the environment/sustainable development. The law was ordered by the club to the UN, then a specific NGO or Obama - the NGO writes the bill and then goes to congress. The unelected bureaucrats in the EU aka NGO’s have been making 99% of European laws for years. No one gets to vote on it. ANyway just conjecture. Up is down and down is up at this point.
Sorry, I forgot to thank you for this excellent essay. I’m saving it.
So Greece is just like “Obama’s America.
Oh...yes...that’s totally insane.
Thank you for posting the link. I hope one and all will view it.
“Money for nothing...”
And what does the Club of Rome intend to do with all that money? They must suffer from a form of insanity, wanting every more money and power. It’s a sickness.
Create a new world order in their own image - keep in mind they are a god onto themselves. They are marxists, they have absolutely no morals, and we are but clumps of cells to them.
Just another example of why globalism can’t work. (talking metaphysically) You can’t join with evil and make it good. If you join with evil it pollutes and eventually destroys the good.
The west is collapsing because of the evil of a few. Because we are all connected we will all pay the price for this evil.
Based on this lengthy, expensive and in-depth involvement in the “Greek Reality” I can conclude there is no bailout solution for Greece because the Greeks and their unsustainable beliefs and practices are not fixable under a bailout situation. As a start, their entire political and economic system is designed to bleed foreign investor corporations, banks and other nations of cash. In effect, debt, financial aid, development funding and the acquiescence of others to their faulty system is part of their business plan. The politicians do not see the debt as being debt. They see it as income. The Greek state accepts money it cannot, will not and never had any intention to pay back. It is a hybrid of a Ponzi scheme, a beggar and an addicted relative.
Think about it. On the surface, they accept money on promises to act in a certain way, pay it back with return, and act a good steward of the funds. However, any funds they do pay back have been paid back with other debt. Now they have no one else to feed the pipeline and it all collapses. This is a Ponzi scheme. As evidenced by GDP per capita, there is no productivity created with the funds which would be necessary to pay back the money, and as such, like many heavily in-debt people, they kite debt to stay afloat until they cannot, and they go bankrupt or to jail.
Like a beggar, on the surface they ask for financial support because they are poor folk in a bad situation and they need it to fund basic necessities. Just made few mistakes and had a run of bad luck. Wasn’t my fault, actually (It was the political party before me). They just need a break to turn things around. In reality, as soon as the funds hit their hands, the politicians spend it to buy votes and they create fictitious mechanisms to funnel the money to patrons of the party in power or their own pockets. It is like a beggar running off to the liquor store once he has begged enough funds. No intention of buying food or essentials as stated — rather, he is focused on his next fix. Stay in power, stay high!
Ah,The Club of Rome, The Club of Rome, The Club of Rome,
The club of Rome.
“They are marxists”
If you study to The Club of Rome manifesto and Europe history you notice a lot similarity between it and the futile system or in modern times, imperialism BIG GOVERNMENT AND BIG BUSINESS rule by a few. The few now hide behind NGO’s. What a better to control the Masses than through Socialism, Communism, or Fascism (All modern day Slavery)? The faces may change but their goals remain the same.
Under this modern day Imperial/Socialism there is no room for the Free Market or Individual Rights.
Our U.S. Constitution is being gutted not by changing the words but by making the words meaningless through the use of regulations and taxes.
The trick is to keep the productive from going Galt.
I wish I could fit that on a bumper sticker. Very accurate.
Our Federal Reserve Notes are debt based instruments yet are seen as valuable due to mass hypnosis———>>
Greek politicians do not see the debt as being debt. They see it as income
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.