GREECE IS FALLING APART: Police Fire Tear Gas On Protesters, Bailout Talks "Deadlocked", Banks Dow

Originally posted by TribeOfManyColours

Originally posted by nightbringr
reply to post by TribeOfManyColours

 

Untrue. Money used as a currency (preferably backed by a real commodity such as gold), allows MUCH greater efficiency in the marketplace.

Imagine if a business had to pay its employees in food, clothing, or other commodities (beaver pelts). Where would they store these all? Perhaps it would be easier to give out food stamps to redeem at a central location, but then in a sense would those stamps not be "money"?

It creates a logistical nightmare in todays day and age. If you want to go back to the days of trading, fine. Just dont expect to live any kind of life comparable to what we currently have. Many people would say they want that, but when they have to give up their Starbucks, BMWs, and big screen TVs, they would think twice.

What is life about?

Food and energy supply is primary, that is what we should keep running.

The rest can do what their highest excitement is. Just share, live and create in peace

You need nothing to live happy.

If you want to use currency, you know you create inequality. Billionaires and homeless people.
Life is only about experience. Today in this money based world, everybody runs in the circle of paying bills after bills. That is occupation of our mind

edit on 15-6-2011 by TribeOfManyColours because: (no reason given)

Dont get me wrong, i agree with you completely.

Once we have a roof over our heads, reliable food supply and protection from the elements, everything else is gravy. People seems to think that big cars and toys make up happy, but really its family, friends and good company that does.

I just dont think people are ready as a whole to do as you describe. But perhaps it would be for the best. I still think money isnt itself the root of all evil, its what people decide to do with it that is.

I work for money. But i dont go into debt. I save for anything and everything before i buy it, the one regretful exception was my house. I bought a modest fixer-upper and have almost paid it off in 10 years. Interest will kill you! Avoid it where you can, and dont fall into the consumer more and bigger is better mindset, and money isnt in itself a bad thing.

reply to post by TribeOfManyColours


Greek National calls Greece a "warzone, with motorbikes and helicopters"

rt.com...

“Everybody in Greece knows that all the money they take, all these billions they go to derivatives, securities of the banks, and they go to the bonds. They don’t come to the real economy of Greece. All the money we take is in order to pay high interest rates. This is robbery. And the problem for the now is that people know that,” Chrysostomidis said.

so when will come the protest the is the last straw to break the camels back, are we even close? This one is pretty huge, looks like its just started for the night, who would rob a best buy?

What's the realistic alternative for Greece though?

Anarchy?

A new government that defaults on their debts? That leaves them in more or less the same place, they won't have the debts, but they still have massive deficit spending, and having defaulted, nobody in the world is going to lend them any more money ever.

It's just really hard to see where the country can go from here.

that can be said for any country whos system collapses

Originally posted by TribeOfManyColours

Originally posted by cerebralassassins

Originally posted by TribeOfManyColours
reply to post by cerebralassassins

 

I am coming to Greece, get out of my way

Yeah you should, .the weather is super cool, oh yeah..ill be heading for Ios, and Mykonos, lets face it, since im over here for business i can always slip away for a quick swim, i mean its not as if my girlfriend is going to find out right...that is unless you are her and i simply blew myself out of ocean...

Thats right, I am her. I knew you were like that... Ive bin stalking you along time. Now I now you true colours... COME HOME RIGHT NOW

That quick swim could give you a great fresh new idea of your business. (As long as your eyes are not occupied)

Well if the SHTF really arrives, It ain't such a bad idea to go to Greece.

Hope you don't loose another 100k

hahahah..reading the first lines i was like...wtf..!!! , then i gradually begun laughing...you got me on that one. But yeah, a swim always helps clear the mind up. As for my eyes not being occupied, well thats sooooo hard to do..have you ever seen whats over here..its like a constant eye f..k situation here, oh another interesting thing, i have met alot of americans over here, i mean alot.

well looks like the pressure of the people has accomplished the inevitable.

Yep, the country is heading for new elections. But the word amongst the people is, " who is able to run the country since everyone has been tried and tested and they all have failed "

As i have been told over and over and as i have been seeing my investment literally dive bombing month after month there is simply no money being circulated within the country and if the common person is not spending then taxes cannot be paid since no money is being circulated. When i asked several people has anyone gone to jail over the corruption or what ever, the answer was flat out and straight NO..!

Originally posted by Painterz
What's the realistic alternative for Greece though?

Anarchy?

A new government that defaults on their debts? That leaves them in more or less the same place, they won't have the debts, but they still have massive deficit spending, and having defaulted, nobody in the world is going to lend them any more money ever.

It's just really hard to see where the country can go from here.

Everyone in europe is #ting bricks since it is almost a sure bet that the domino effect will come into play with other nations to follow. At this point, Germany would be the only winner if it decides to leave the Eurozone, but since Obama and Germany agreed that the Eurozone must survive i feel the only thing that's left to happen is what happened in 1911 and the early stages of 1927

I bet you all did not know that the whole movement you see happening in athens begun amongst three guys who formed a facebook page and suddenly it grew to this. The were upset at what the other protests had written on a sign in spain that read " Greeks wake up" , now that they have woken up, lets see who is able to put them back to bed... The guys ages were 19, 20 and 21 responsible for the facebook page.

Originally posted by foreshadower99
I suggest that it's only the start of something bigger which will eventually spread
across europe and finally to the US. The economic system in which the countrys are
held together is falling apart, it cannot continue to forever feed it's self without inflation
threating to break it apart. The day banks became over powered that was the start of
world wide economic collapse allthough the BRIC won't be affected as much.

Nothing to be suprised about when everything has been expected for the last hundreds of years.

Been sayin this since i was were 15

I'm 21 now

reply to post by TribeOfManyColours


It's what they are rioting for that is the problem. They are demanding money that does not exist because they spent it all on handouts. The riots there are not for freedom or rights, they are for more candy. Hard to empathize with that. This is always the end result of to much government. Spoiled brats who want, want, want but never give.

This is what a Progressive government gives it's people. It has always been that way.

ya this greece collapse is scary, I think its gonna cause the entire market to collapse, we could be seeing some scary days ahead, so you should probably sell your mutual funds and buy gold ASAP!!!!

Originally posted by Blaine91555
reply to post by TribeOfManyColours

 

It's what they are rioting for that is the problem. They are demanding money that does not exist because they spent it all on handouts. The riots there are not for freedom or rights, they are for more candy. Hard to empathize with that. This is always the end result of to much government. Spoiled brats who want, want, want but never give.

This is what a Progressive government gives it's people. It has always been that way.

You literally have no idea what you are on about my friend.
Who is rioting? A minority that are anarchists. These people, these hooligans and scumbags, are rioting because they have nothing better to do. Quite literally, they are doing it for fun and amusement.

Are you able to distinguish between the vast majority who are protesting peacefully, in some cases there are even singers in the crowds and ordinary people dancing to their songs and music, and a minority who riot because they can and want to?

Nobody is demanding money that doesn't exist.
The protests are about people having had enough, of being fed up, with a political system that has lied and cheated them for decades. Nothing has ever been done to fix the economy, to cut red tape and bureaucracy, to make the economy competitive, to increase exports, to create jobs in the private sector, to encourage and draw investment. Do you know how many wealthy Greeks there are living abroad? Too many to name and list. The Greek diaspora is almost like the Jewish diaspora, except that we don't have that whole stigma "trying to rule the world" and being blamed for everything.
These people want to invest their money in Greece, they want to help their motherland out of its jam. But they don't see anyway that they can because there is just too much red tape and too much corruption at political levels.
The Greek diaspora alone could rescue Greece. If the right circumstances existed for them to help. And we want to help more then anything right now. But our hands are tied. It's up to the Greeks in Greece to give us the chance to help them.

The people are fed up because the government isn't doing what is necessary. The reforms and austerity measures have so far failed, that's because they have targeted the ordinary person on the street and not the things that need to be reformed.

Tax evasion, the public sector, red tape/bureaucracy, corruption. These are just some of the things without going in to too much detail.

Now the government proposes more austerity measures and even tax rises.
It's not going to fix anything because they aren't taking on the issues which created this mess.

That is why people have now formed a human chain around the parliament in Athens.

99.9% of Greeks accept that austerity measures need to be taken, that reforms and big changes are necessary. They understand and accept this. It's the price we have to pay. BUT what is happening is nothing short of robbery by the state, the EU and IMF.

People were happy for the austerity measures at first, to be implemented. They were told they will fix the debt and all that. But since they've been implemented, nothing has changed, except that people are now poorer. While politicians who are corrupt and responsible for this mess are in luxury.

Now they want more austerity measures. More of the same from before that didn't work.


People are fed up and tired of the same # from both major parties.
This isn't about being left wing or right wing anymore, it's about Greeks having had enough of their country being destroyed by both sides of politics. A line has been drawn in the sand. If the government crosses it, # will really hit the fan.

It is quite obvious that we are watching the final of an era. It seems like people just want to see a real change in all our obsolete systems (economics, education, religion, democracy, socialism, etc are just plain old). Transition times are like this.

This is why monetary systems do not work. If you say it does your flat wrong. Look at what people do to GET money, what people do to KEEP money.

America is next, a Resource based economy is the only way we can hope to get any peace. Money is not the root of all evil, it IS evil.

reply to post by BLV12


Sad you quoted me without reading what I said. Oh well. Use me for a target if you will.

Its interesting to watch the proud country which is Greece slowly descend into madness, and watch the carnage on the streets, as it gives us some idea of what the UK is going to be like next month!

This, ladies and gentlemen, is what happens to PROFLIGATE GOVERNMENTS. THIS is why it is important for us to get our fiscal house in order. THIS is why we need to make the hard cuts NOW. This is why we need to move away from the entitlement culture we've created. This is why we need sound money and economic Liberty.

The EU, folks, this failed experiment called the European Union, is what will befall us if we continue on this Keynesian road to hell.

We're being warned. But by the end of this year, we still won't have our crap together, and this will be coming to our shores.

Interesting addition:

Germany insists all of EU must pay for Greece bailout
Britain's fierce resistance tested as governments argue over how to structure second Greek rescue package

www.guardian.co.uk...