Anti Austerity win in Greece

www.cbc.ca...

What now folks?
This win is a blow to the bankers and a blow for the Greeks suffering under the Eurozones demands for recompense on their loans.....
I believe this win spells the ouster from the European Union....I hope the Greek people can pull off another coup as they did in Iceland...taking back their country from the clutches of the money changers......
reactions should come swiftly on the heels of this election victory....

Tsipras has sworn to reduce the Greek debt mountain by simply refusing to pay and getting outside creditors to write off most of it. He has also told exhausted voters his government will bail them out by raising the minimum wage, restoring electricity to those who have been cut off and providing health care for the uninsured.

Its going to be interesting to see how this plan works.....

edit on 26-1-2015 by stirling because: (no reason given)

originally posted by: stirling
www.cbc.ca...

What now folks?
This win is a blow to the bankers and a blow for the Greeks suffering under the Eurozones demands for recompense on their loans.....
I believe this win spells the ouster from the European Union....I hope the Greek people can pull off another coup as they did in Iceland...taking back their country from the clutches of the money changers......
reactions should come swiftly on the heels of this election victory....

LOL. And when Greece runs out of money again?

originally posted by: NavyDoc

originally posted by: stirling
www.cbc.ca...

What now folks?
This win is a blow to the bankers and a blow for the Greeks suffering under the Eurozones demands for recompense on their loans.....
I believe this win spells the ouster from the European Union....I hope the Greek people can pull off another coup as they did in Iceland...taking back their country from the clutches of the money changers......
reactions should come swiftly on the heels of this election victory....

LOL. And when Greece runs out of money again?

First they will leave the EU so there is no one to hold them accountable.

Then they just do what the US has done, have their own currency, and print more!

That won't come back to haunt their children and grandchildren in the end.

France,Italy, and other European countries are nearly as broke....and calling for deficit spending...the European Central bank has begun to print money like the Fed.....and weve seen what kind of recovery that will buy......
We really have to see what Germany will be doing about the situation.....their the biggest boy on the block.....Though Merkel is not freaking out yet...the tension is building apace.....

originally posted by: stirling
France,Italy, and other European countries are nearly as broke....and calling for deficit spending...the European Central bank has begun to print money like the Fed.....and weve seen what kind of recovery that will buy......
We really have to see what Germany will be doing about the situation.....their the biggest boy on the block.....Though Merkel is not freaking out yet...the tension is building apace.....

I was shocked to see the other day that the Euro is now 1=1 to the dollar, that hasn't happened for many many years.

The Euro has traditionally been much much stronger than the dollar, so for it to fall to parity must be quite scarey for Merkel and the bankers.

That along with the fall of the ruble, well,
Europe is in a socialist/progressive /liberal/communist
(give away as much as you can to the "poor",
taking as much as you can from the middle class
while pretending to take it from the rich)
induced financial pickle, the kind the US is rapidly entering into itself.

No need to get excited yet. When the new PM decides to pull out of EU, then it's time to break out the popcorn and run like Forest Gump. That PM has hinted at leaving the Euro, which would be the best thing for Greece.

Until that time, I'm watching this situation closely.

originally posted by: grandmakdw

originally posted by: stirling
France,Italy, and other European countries are nearly as broke....and calling for deficit spending...the European Central bank has begun to print money like the Fed.....and weve seen what kind of recovery that will buy......
We really have to see what Germany will be doing about the situation.....their the biggest boy on the block.....Though Merkel is not freaking out yet...the tension is building apace.....

I was shocked to see the other day that the Euro is now 1=1 to the dollar, that hasn't happened for many many years.

The Euro has traditionally been much much stronger than the dollar, so for it to fall to parity must be quite scarey for Merkel and the bankers.

That along with the fall of the ruble, well, Europe is in a socialist induced financial pickle, the kind the US is rapidly entering into itself.

And yet, sadly, we will fail to learn from the mistakes of others.

hopefully this trend can continue not to wish hardship on the people of Greece, But like Iceland and now Greece maybe this can diminish the EU's power/influence and overall worth. Also hopefully this just sends more of a message to Germany the real power and only real moneymaker in the EU that its not worth it to be apart of the EU.

Good luck to Greece, but if they think they can do an Iceland and default on their debt, then I think they are deluded.

The Eurozone and The U.K, have ramped up the rhetoric and I wouldn't be surprised if a war broke out in Europe over it. The single currency has been the biggest threat to peace in Europe since the Nazis.

a reply to: stirling

It means Greece is accelerating their path towards becoming an also-ran 3rd world socialist country with little or no relevance in the world economy.

I've said it before, the EU is an anachronism.

Winston Churchill was its biggest cheerleader after the war, and the intention was to avert any further European conflicts.

That idea is as outmoded as the Post-War period it was conceived in.

It's likely to provoke war if it continues.

There's nothing like financial ruin to fan the flames of extremism and war.

[I give you Germany post WW1]

a reply to: stirling

Taking back the country by faulting on the money they borrowed and than upping social welfare......Greece is going to fail and fail in a big way. With leadership like this capitol investment will not happen in Greece.



Why should the the hard working Germans pay for this? I get this is part of a bigger plan by TPTB to gain control by using money but Greece is a social utopia that is ripe for failure.

originally posted by: stirling
www.cbc.ca...

What now folks?
This win is a blow to the bankers and a blow for the Greeks suffering under the Eurozones demands for recompense on their loans.....
I believe this win spells the ouster from the European Union....I hope the Greek people can pull off another coup as they did in Iceland...taking back their country from the clutches of the money changers......
reactions should come swiftly on the heels of this election victory....

Tsipras has sworn to reduce the Greek debt mountain by simply refusing to pay and getting outside creditors to write off most of it. He has also told exhausted voters his government will bail them out by raising the minimum wage, restoring electricity to those who have been cut off and providing health care for the uninsured.

Its going to be interesting to see how this plan works.....

Correct me if I am wrong, but isn't Romania in the EU and doesn't it remain the poorest country in Europe?

I lost money from stock in an Irish bank, after threats of pulling out of the EU.

originally posted by: NavyDoc

originally posted by: stirling
www.cbc.ca...

What now folks?
This win is a blow to the bankers and a blow for the Greeks suffering under the Eurozones demands for recompense on their loans.....
I believe this win spells the ouster from the European Union....I hope the Greek people can pull off another coup as they did in Iceland...taking back their country from the clutches of the money changers......
reactions should come swiftly on the heels of this election victory....

LOL. And when Greece runs out of money again?

Exactly.


I dont know what they expect or hope for?

They were in austerity for a reason.

They cant have fancy social programs if they cant balance the books.

originally posted by: Jamie1
a reply to: stirling

It means Greece is accelerating their path towards becoming an also-ran 3rd world socialist country with little or no relevance in the world economy.

Accerlerating?

They are already there!

originally posted by: cenpuppie
No need to get excited yet. When the new PM decides to pull out of EU, then it's time to break out the popcorn and run like Forest Gump. That PM has hinted at leaving the Euro, which would be the best thing for Greece.

Until that time, I'm watching this situation closely.

It would be the best thing for Greece only if they were serious about correcting the problems that got them into trouble in the first place, and what got them into trouble in the first place are the same policies they will eagerly be continuing as soon as they can fire up their own printing presses.

The problem with socialism is that you always run out of other people's money.

There simply is never enough money that belongs to "us" to pay for all the things "we" promise to "ourselves." In the end, it will collapse spectacularly badly, but at least the average Greek will be able to hold a $10B (whatever their currency is called) note in his or her hand just like they do in Zimbabwe.

originally posted by: ketsuko

originally posted by: cenpuppie
No need to get excited yet. When the new PM decides to pull out of EU, then it's time to break out the popcorn and run like Forest Gump. That PM has hinted at leaving the Euro, which would be the best thing for Greece.

Until that time, I'm watching this situation closely.

It would be the best thing for Greece only if they were serious about correcting the problems that got them into trouble in the first place, and what got them into trouble in the first place are the same policies they will eagerly be continuing as soon as they can fire up their own printing presses.

The problem with socialism is that you always run out of other people's money.

There simply is never enough money that belongs to "us" to pay for all the things "we" promise to "ourselves." In the end, it will collapse spectacularly badly, but at least the average Greek will be able to hold a $10B (whatever their currency is called) note in his or her hand just like they do in Zimbabwe.

Yep.

And all this thing about the value of money is just an illusion. Think about when FDR was president, on the very day WWII started, he ordered the Federal Reserve to cancel everything and start over at that moment. The interest rates are calculated and changed daily, so it is all an illusion.

How did the US just suddenly jump out the Depression and able to start building war machinery in one day?

a reply to: ketsuko

Unless your your demark, norway or sweden.

They managed to balance the books.


Dont get me wrong im not sure Im a fan of socialism.

But lets not paint things with broad brushes.


I could point out many capitlism epic fails but to do so would ignore succeses like hong kong and singapore.


What I will say is socialism seems to be harder to set up successfully, not impossible as the mentioned scandinavian countrys show but still alot harder.


Personaly Id rather a free market but if a country wants socialsim and gets it working good for them. I wont get up on a soap box.

a reply to: crazyewok

In order for socialism to work, you have to have a populace that buys into the system top to bottom and works to put into it like they work for themselves. Those countries have that or they have phenomenal natural resources to help them finance their programs.

And in some of those countries, you have a younger generation that is growing up and taking the system for granted and not taking their own social obligation seriously. So the system is starting to erode. In other words, they want to goodies without the work of paying in.

originally posted by: ketsuko
a reply to: crazyewok

In order for socialism to work, you have to have a populace that buys into the system top to bottom and works to put into it like they work for themselves. Those countries have that or they have phenomenal natural resources to help them finance their programs.

And in some of those countries, you have a younger generation that is growing up and taking the system for granted and not taking their own social obligation seriously. So the system is starting to erode. In other words, they want to goodies without the work of paying in.

Look you do t want socialism in the USA.

I dont really want it in the UK.


But lets not point fingers at sweden, norway ect when they have lower debts and higher standards of living than us.

If there systems are working for them currently good for them.

Sure in the future it may stop working. But right now its working for THEM.

Which is better than our crony capitlism that is likely not just to fail us in the future but its failing us right her and now.