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originally posted by: AugustusMasonicus
originally posted by: BuzzyWigs
It has already happened here. It caused the "Great Depression."
At least our currency was still tied to gold at that point which made it worth more than the paper it was printed on.
originally posted by: mortex
originally posted by: TacticalStats
Unfortunately I don't think the current Sariza party led by Tsipras planned for this, being that they didn't fully form until 2013. They got elected on the grounds to oppose these bailouts but it seems as late as a new captain opposed to breaking speed records across the Atlantic Ocean one hour after the Titanic hit that iceberg in 1912. I hope they leave the EU and go the BRIC banks but I don't think it will help them either way. a reply to: jellyrev
They wont be going to BRICS because they are part of NATO and it's not an option.
There will be a civil war before Greece joins BRICS. Trust me on this one.
Syriza has a plan. They are mostly members of the communist party.
This is their big moment.
If you think this isn't part of the plan, the script being played out, think again.
This is all orchastrated. Nobody went into this blind or unprepared.
originally posted by: AugustusMasonicus
originally posted by: BuzzyWigs
It has already happened here. It caused the "Great Depression."
At least our currency was still tied to gold at that point which made it worth more than the paper it was printed on.
originally posted by: SubTruth
a reply to: MrSpad
Yep you are spot on again......They are not going to bailout Greece......Not happening. Sadly until Greece ditches the progressive liberal socialism will continue to spiral out of control into the abyss. You can not get something from nothing forever.
originally posted by: PurpleDog UK
The real worry is that both Russia and China are waiting in the winds to offer Greece the bailout money it needs.
In a nutshell..... Greece spent way beyond its means back in the earlier 00's then everything went sh*t and the EU / EMF et al offered a 'loan' to keep it all afloat......problem was that then Greece was bust but before rational and intelligence kicked in then TPTB offered a second loan to pay the countries daily expenses whilst servicing the initial debt.
Greece went through hardship and massive austerity (America has NO idea).... Unemployment currently is 27% .....imagine that......GDP has declined by 25% , imagine that and YET Greece is unable to change enough to meet those repayments YET they need ANOTHER........ The talks are about agreeing a third bailout so as to service the debt of the previous bailouts and not even touch the underlying problem which Greece cannot afford itself.....!
PDUK
originally posted by: dismanrc
I have lived in Greece for the past 3 years. [...] I see shops and stores open every where and people buying thing left and right. I'm not talking about thing they "need" like food and basic cloths.
German Chancellor Angela Merkel and US President Barack Obama spoke about the crisis by phone, agreeing that it was "critically important" to help Greece remain in the eurozone,
originally posted by: St Udio
the Greeks are staring straight at Capital Controls very soon... (after a Cyprus style haircut of 35% of the monies in bank accounts)
they might get a couple week extension, possibly from Germany
OR else they might pull the Icelandic Option--- declare the Debt as Odious Debt created by Goldman Sacs principally for the financier's profits to the detriment of the State of Greece (they (Greece) were defrauded by Goldman is their claim and the Debt is illegal-void-non existent)
Greece is being offered a way out by the BRICS & principally Russia with a gas pipeline corridor for east Europe
a prominent bond fund manager recently counseled people to start putting money under the mattress instead of making 'unsecured deposits' into banks... who are under no obligation to give you your own money ~ because unsecured deposits are not deemed 'Money' or Euros... i think June 29th was the deadline to completely allow banks to 'bail-in' the depositers money like was done in Cyprus
USA look out for Sep Oct '15 for pension seizures/401k restructuring/bail-ins of banks... so keep 6 months of monthly cash expenses under the mattress and have 5 years of sustainable resources or the ability to obtain resources for a 5 year siege of the economy...
originally posted by: Violater1
Gold?
What gold?
Several EU countries have asked the U.S. for their gold that was in Ft Knox The Fed said no, Politicians have asked to see the gold in Ft Knox and the Fed said NO.
Why?
Perhaps there is NO gold in the Fed Treasury.
originally posted by: Power_Semi
Yes but then they made it illegal to own gold and made people exchange it for paper - after it's value had been artificially depressed - then once it was over allowed the price of gold to go back to it's real level - theft of the wealth of the people.
That's democracy for you - oh, hang on...