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Old 07-15-2015, 10:32 PM   #361
DeltaLover
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Quote:
Originally Posted by JustRalph
Now Obama is loaning and giving away other countries money ?
How did you arrive to this conclusion?

I do think that President Obama said anything about loaning or giving away money to Greece; instead he had to pull the reins to Germany, protecting one of the most historic allies of USA..

I find it very logical for the greatest country on earth, to be in the side of the small country, that is not only the birthplace of democracy and Western Civilization, but also has proven repeatedly that is always ready for any kind of sacrifice to protect the Free world, regardless of the cost in blood and human destruction...
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Old 07-15-2015, 10:52 PM   #362
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He leaned on Germany to loan more money to a country that has proven itself to be fiscally off the meter bad. They readily admit that they only collect about 30% of the taxes they are owed. They are a smaller version of the U.S. But here in the U.S. We go after tax cheats and the little sisters of the poor. To keep things afloat.

Our country collected record Federal Tax revenue in the first six months of the year. It's a disgrace.
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Old 07-16-2015, 12:21 AM   #363
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Quote:
Originally Posted by DeltaLover
How did you arrive to this conclusion?

I do think that President Obama said anything about loaning or giving away money to Greece; instead he had to pull the reins to Germany, protecting one of the most historic allies of USA..

I find it very logical for the greatest country on earth, to be in the side of the small country, that is not only the birthplace of democracy and Western Civilization, but also has proven repeatedly that is always ready for any kind of sacrifice to protect the Free world, regardless of the cost in blood and human destruction...
Greece can claim to be the birthplace of Democracy.
It is doubtful that bankers would back them to the tune of 83 new found Billion Euros for that reason.
Someone somewhere convinced Brussels that the money would have backing?
Any guesses on who that might have been?
My guess starts with O and ends in A.
Of course I've been wrong before.
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Old 07-16-2015, 02:12 AM   #364
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Quote:
Originally Posted by Greyfox
Greece can claim to be the birthplace of Democracy.
It is doubtful that bankers would back them to the tune of 83 new found Billion Euros for that reason.
Someone somewhere convinced Brussels that the money would have backing?
Any guesses on who that might have been?
My guess starts with O and ends in A.
Of course I've been wrong before.
I'm surprised that Delta swallows the propaganda so readily. The U.S. is "protecting" its own interests, in that it is the largest funder of the IMF, which in turn has loaned Greece billions of Euros. The Fed not only backstopped the banks in this country during the meltdown of 2008, but also the banks in Euro land. The U.S and Germany just played a horribly bad rendition of good cop, bad cop.

In short, the goal here is to keep the ponzi scheme going.

Pay attention folks. This Greek Tragedy is coming soon to a theater near you.

Gotta love politicians when they are honest:

http://www.zerohedge.com/news/2015-0...-doing-comment

Quote:
GREEK PM TSIPRAS SAYS LENDERS GIVE A MESSAGE THAT IN COUNTRIES UNDER A BAILOUT THERE IS NO POINT IN HOLDING ELECTIONS
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Old 07-17-2015, 10:46 AM   #365
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Coming to a country near YOU soon.

“There are two ways to conquer and enslave a country. One is by the sword. The other is by debt.”
– John Adams
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Old 07-17-2015, 10:51 AM   #366
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In that case, we have been conquered.
20 trillion sounds like a vanquishing.
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Old 07-17-2015, 11:04 AM   #367
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http://www.businessinsider.com/berna...ro-zone-2015-7

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Old 07-17-2015, 11:32 AM   #368
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Quote:
Originally Posted by Tom
In that case, we have been conquered.
20 trillion sounds like a vanquishing.

Of course we have.But the tried and true method of "bread and circuses" distracts most from this reality.
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Old 07-17-2015, 11:48 AM   #369
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I don't know about the bread, but we certainly have a lot of clowns making decisions for us.
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Old 07-17-2015, 11:51 AM   #370
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About 5 minutes after the Euro was implemented I told an investor friend that people weren't considering the fact that different regions of Europe might get different results and that could cause problems.

In Europe, it's way harder for both people and businesses to relocate where prospects are better than it is in the US. In the US, people and businesses relocate to different states all the time to find better prospects. They can do that because it's one country, have similar rules , we all speak English, (well at least we used at the time I made my comments) etc..

Each European country has its own fiscal policy, deficits, and debts, which makes it's more difficult to have a monetary policy that benefits everyone.

Basically, Germany is kicking everyone's ass and since they are still an independent country that tends to be responsible/prudent they are aren't going to do dumb things either long or short term to benefit the losers. Bernanke is basically suggesting that the Germans become morons to help the rest of Europe. If I was a German, I'd tell him him to go F himself.

A better solution would be for everyone to admit the Euro was a dumb idea and for Germany to go back to the Deutschmark so the world would actually have a large good currency and the value of that currency would reflect the fundamentals in Germany.

Good luck getting the globalists to do the right thing.
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Old 07-17-2015, 01:27 PM   #371
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Quote:
Originally Posted by classhandicapper
About 5 minutes after the Euro was implemented I told an investor friend that people weren't considering the fact that different regions of Europe might get different results and that could cause problems.

In Europe, it's way harder for both people and businesses to relocate where prospects are better than it is in the US. In the US, people and businesses relocate to different states all the time to find better prospects. They can do that because it's one country, have similar rules , we all speak English, (well at least we used at the time I made my comments) etc..

Each European country has its own fiscal policy, deficits, and debts, which makes it's more difficult to have a monetary policy that benefits everyone.

Basically, Germany is kicking everyone's ass and since they are still an independent country that tends to be responsible/prudent they are aren't going to do dumb things either long or short term to benefit the losers. Bernanke is basically suggesting that the Germans become morons to help the rest of Europe. If I was a German, I'd tell him him to go F himself.

A better solution would be for everyone to admit the Euro was a dumb idea and for Germany to go back to the Deutschmark so the world would actually have a large good currency and the value of that currency would reflect the fundamentals in Germany.

Good luck getting the globalists to do the right thing.
What you say may be true, but it presupposes that the "true" purpose of the euro was revealed by the rhetoric supporting it creation.

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Old 07-17-2015, 02:37 PM   #372
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Quote:
Originally Posted by Hank
What you say may be true, but it presupposes that the "true" purpose of the euro was revealed by the rhetoric supporting it creation.
To me, central banking is a backdoor way of the government taxing citizens and the banking industry socializing its risk. It's an inherently immoral institution.

The argument in favor of it comes from:

1. People that do not understand it

2. People want to expand the size of government without asking citizens for the taxes to pay for it. They would take it from them via inflation because they won't understand it.

3. Bankers and Wall St types that want to pillage the rest of us
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Old 07-18-2015, 04:45 AM   #373
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Tsipras playing musical ministers.....

http://www.bloomberg.com/news/articl...ild-government

These guys never had a plan except to grovel and get another bailout, since they're taking orders from anyone but the Greek people.

The "true purpose of the Euro" is slowly being revealed....
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Old 07-19-2015, 01:00 PM   #374
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Quote:
Originally Posted by Hoofless_Wonder
http://www.bloomberg.com/news/articl...ild-government

These guys never had a plan except to grovel and get another bailout, since they're taking orders from anyone but the Greek people.

The "true purpose of the Euro" is slowly being revealed....
And here it is. More Centralization and regulation:

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Old 07-21-2015, 01:32 AM   #375
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That hand in your pocket is not yours....

So Greece "pays" €6.8B to the ECB, the IMF and its own Central Bank, and now the bailout process can continue. Where did that money come from?

http://www.bloomberg.com/news/articl...cb-debt-to-pay

Watching the money flow is like trying to keep an eye on the Queen of Hearts in a three-card Monte game in the parking lot at Arlington.
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