hvactec
VIP Member
Greece part 2
Lets start with the facts that can't be denied:
Greece is a country of 11 million people
GDP is Aprox (fluctioating big time now) less then 300billion or less then $30,000 per person
Bailout being proposed right now is 100billion to 450billion just to keep it going for some months
Realistic estimates of bailout that would work to keep Greece afloat for a year are $30,000 per person
Greece is in decline and GDP is falling rapidly
What those that want to lend and what those that want to borrow is a wide gap
Greece is in chaos on the streets and a vast majority of Greeks are rioting
If Greece defaults it will be serious problems for other bigger far more important countries
Far bigger and more important countries are FREAKING OUT
There is a battle going on right now on what to do about Greece and the future of Europe
The banks are being asked right now to take 50% losses on everything and banks are not accustomed to that.
If the banks take 50% losses then it could push them over the edge and cause serious problems.
If the banks dont take the 50% loss then the bigger EU governments may not give Greece enough money to pay the police to stop the mobs from ripping the politicians apart.
France has the most to loose and has said that if there is nothing concrete tomorrow then Europe will implode.
France said several days ago that if nothing was done by the end of last weekend that it would all implode (the world didnt implode).
France is telegraphing weakness and at the same time playing games. Clearly the Europe didnt fold over the weakend and so its a good thing and a bad thing. Clearly France is on fragile ground.They have to threaten the markets and hope that the markets will tank when they dont get their way or ....... or just maybe they do get throttled. So this is a way of bluffing and threatening and hoping the markets and the public will respond in a way that saves your arse.
One intersting thing to me is socialized mathmatics. Its the idea that we can just tax a country a certain amount and that will be extra money ... never giving an account to the idea that if you tax and cut jobs that maybe your GDP will go down meaning less taxes.
Right now that is the most scarry thing ever that none of these freaks even our freaks like Obama get it ... if you tax the economy to death it will DIE. Meaning you will get less taxes ja dumbasses but noooooo lets just keep doing this debt hot potatoe hide the money raise the tax thingy cuz its all we know....
There is no plan B folks ... this is what we have.
Clearly there is a lot at stake and the reason why Greece is so important.
But the biggest thing to me in all of this mess has been that no one asked the Greeks. I mean my god man these guys are litteraly killing each other they are throwing petrol bombs at each other and going for broke.
Lets brake this down right now.
If 3million people were burning Washington DC and the capitol and surrounding the congress and willing to die or to kill to get their point across this would be a huge thing in America. This is the mathmatical equavilent. When that % of your population is that pissed off then its safe to say that the vast majority of your people are going one way and then if your politicians are cowering in their buildings and voting agaisnt the entire country then you have to ask why?
Who is paying them and what are they getting paid?
How long can this go on?
How much worse can this get?
Ok its time to hear from the Greeks. So I went on a project of trying to hear from the Greeks what they want and why they are pissed. I posted on different places on the internet including SF and searched very hard. What amazed me is that after posting the question here on SF my post made it to front page google in less then 24 hours which tells me that no one is actually asking the Greeks what they want. This tells me tons and it is scarry and more on that later but here are the responses:
Most of it is protesting not rioting. They are protesting because they don't want to pay for fraud committed against them. This is the derivatives fraud that involved illegal loans and the credit default swap attacks engineered knowingly by companies like Goldman Sachs. The so called bail out money goes to German/French and other banks and not the Greek people. They want their gov't out. A new gov't will either want default to be like Iceland or to re-evaluate and do like Ireland did
Because the government is finally coming to grips with how unsustainable their entitlement socialism is--and those they made the promises to aren't taking it well.
read more Greece part 2 - Stormfront
Lets start with the facts that can't be denied:
Greece is a country of 11 million people
GDP is Aprox (fluctioating big time now) less then 300billion or less then $30,000 per person
Bailout being proposed right now is 100billion to 450billion just to keep it going for some months
Realistic estimates of bailout that would work to keep Greece afloat for a year are $30,000 per person
Greece is in decline and GDP is falling rapidly
What those that want to lend and what those that want to borrow is a wide gap
Greece is in chaos on the streets and a vast majority of Greeks are rioting
If Greece defaults it will be serious problems for other bigger far more important countries
Far bigger and more important countries are FREAKING OUT
There is a battle going on right now on what to do about Greece and the future of Europe
The banks are being asked right now to take 50% losses on everything and banks are not accustomed to that.
If the banks take 50% losses then it could push them over the edge and cause serious problems.
If the banks dont take the 50% loss then the bigger EU governments may not give Greece enough money to pay the police to stop the mobs from ripping the politicians apart.
France has the most to loose and has said that if there is nothing concrete tomorrow then Europe will implode.
France said several days ago that if nothing was done by the end of last weekend that it would all implode (the world didnt implode).
France is telegraphing weakness and at the same time playing games. Clearly the Europe didnt fold over the weakend and so its a good thing and a bad thing. Clearly France is on fragile ground.They have to threaten the markets and hope that the markets will tank when they dont get their way or ....... or just maybe they do get throttled. So this is a way of bluffing and threatening and hoping the markets and the public will respond in a way that saves your arse.
One intersting thing to me is socialized mathmatics. Its the idea that we can just tax a country a certain amount and that will be extra money ... never giving an account to the idea that if you tax and cut jobs that maybe your GDP will go down meaning less taxes.
Right now that is the most scarry thing ever that none of these freaks even our freaks like Obama get it ... if you tax the economy to death it will DIE. Meaning you will get less taxes ja dumbasses but noooooo lets just keep doing this debt hot potatoe hide the money raise the tax thingy cuz its all we know....
There is no plan B folks ... this is what we have.
Clearly there is a lot at stake and the reason why Greece is so important.
But the biggest thing to me in all of this mess has been that no one asked the Greeks. I mean my god man these guys are litteraly killing each other they are throwing petrol bombs at each other and going for broke.
Lets brake this down right now.
If 3million people were burning Washington DC and the capitol and surrounding the congress and willing to die or to kill to get their point across this would be a huge thing in America. This is the mathmatical equavilent. When that % of your population is that pissed off then its safe to say that the vast majority of your people are going one way and then if your politicians are cowering in their buildings and voting agaisnt the entire country then you have to ask why?
Who is paying them and what are they getting paid?
How long can this go on?
How much worse can this get?
Ok its time to hear from the Greeks. So I went on a project of trying to hear from the Greeks what they want and why they are pissed. I posted on different places on the internet including SF and searched very hard. What amazed me is that after posting the question here on SF my post made it to front page google in less then 24 hours which tells me that no one is actually asking the Greeks what they want. This tells me tons and it is scarry and more on that later but here are the responses:
Most of it is protesting not rioting. They are protesting because they don't want to pay for fraud committed against them. This is the derivatives fraud that involved illegal loans and the credit default swap attacks engineered knowingly by companies like Goldman Sachs. The so called bail out money goes to German/French and other banks and not the Greek people. They want their gov't out. A new gov't will either want default to be like Iceland or to re-evaluate and do like Ireland did
Because the government is finally coming to grips with how unsustainable their entitlement socialism is--and those they made the promises to aren't taking it well.
read more Greece part 2 - Stormfront
