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| Greece: They're Still Dissembling in forum [Market-Ticker]
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Niti
Posts: 523
Incept: 2008-03-20
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I just met a guy who moved to the US from France 6 years ago. He moved because he thought Europe was in trouble. His wife has a good job here and he works retail. Anyway, had a long discussion with him, he believes France has major issues this coming year. Spot on Karl!
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Jubber
Posts: 14642
Incept: 2007-07-05
UK
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as French bonds hit new highs! 10 y 2.047%
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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
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Obseedian
Posts: 11887
Incept: 2007-07-26
BBRY Central
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Quote: which in order to keep afloat has depended on support from local banks to sell its debt. Cramming their dishonored paper down their banks' throats? Gee, what could go wrong? 
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Anti
Posts: 4374
Incept: 2007-10-09
Online
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After the Greek default, someone "will have to" bail out the banks.
This past Veterans Day I finally noticed that government holidays and bank holidays are the same. Lots of private sector workers going about their productive lives to support the leach-class.
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Health is better than health insurance
http://gerson.org/
Over the past 60 years, thousands of people have used the Gerson Therapy to recover from so-called “incurable” diseases such as cancer, diabetes, heart disease and arthritis.
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Advise01
Posts: 62
Incept: 2011-08-02
I thought I was in the USA?
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Ohioans’ food stamp aid to be reduced Ohio families receiving food stamps could get an unwelcome surprise come January: $50 less every month in assistance. http://www.toledoblade.com/State/2012/11....Well the good news is they get to save half a billion a year bad news greek riots coming to a state near you.
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"Few political gifts are more richly rewarded, than the ability to convince parasites that they are victims."
- Dr. Thomas Sowell
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Mdm
Posts: 338
Incept: 2010-10-13
South Florida
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For countries that do not control their own currency, they are surely taking their time blowing up. This leads me to believe that while the US is certainly on the same path, it may take quite a bit of time before the blowup here happens. The Fed will game the system until the end. Gas may end up being $10 but they will blame it on some manufactured crisis in the Middle East and the majority will believe the lie.
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Frat
Posts: 1939
Incept: 2009-07-15
NKY
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With regard to Greece - how much is enough? I know the stereotype is they're lazy, socialist, .gov dependent, tax-evading people that want cradle-to-grave coddling by their government.... I don't know how this fits the standard Greek citizen, but hell people - YOU'RE DEBT SLAVES in the most extreme sense - to FOREIGN bankers for ****'s sake!
How much is enough for you folks!? The end is obvious; it's the timing that's in question. Seriously, how long will they live like this before they start fire-bombing foreign banks and businesses in-country?
I'm guessing gun ownership is quite low?
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We're ****ed. Where's Henry Bowman when you need him?
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Jtmo3
Posts: 679
Incept: 2009-07-31
Missouri
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I'm not worried. If little ole Greece can prop this up for year after year after year, the US should be able to muddle through till...oh...2030 or so. I'm actually serious on this. I never thought we'd be able to play this crap this long 4 years ago. After watching the games, we aren't even close yet. Seriously.
Will it be steak and potato's through all this time? No. But if anyone thinks anytime in the near future, we're going to wake up to a worthless dollar and war in the streets, they ain't paying attention.
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Drkshapiro
Posts: 651
Incept: 2012-09-12
Southern CA
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Frat x 2
Agreed completely. Then the next question is, what next. To do anything reasonable requires reasonable leadership, not individual sentiment. Without sound leadership an extremist demagogue of some sort will feed off the misery to become powerful.
The smart approach would be to stop paying back the debt. It was a bad investment choice, and those who invested in Greek bonds lose.
Then the Greeks can go back to the drachma, seriously de-valued, and as they won't be able to get credit they will need to learn to live within their means. It's about time.
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A government that robs Peter to pay Paul can always depend on Paul. --GBS
Reason: funny mistake
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Ribbit
Posts: 1792
Incept: 2007-09-10
Wales, UK
Online
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Frat: "I'm guessing gun ownership is quite low?"
With the fairly low price of an AK47 in the back streets of Athens (stated by an elderly Diplomat that bought one for 100 euros, and his colleagues and friends have apparently been doing likewise), along with ease of availability, I think it says gun ownership is far broader than one might think, for pricing to be so competitive. 100 euros could well include a decent amount of ammunition and spare magazines.
Apparently other weaponry is not uncommon either.
With their experiences in WW2, and proximity to recent Balkan trouble spots (with the consequent ease of access to a wide range of kit at economic pricing), I don't think the Greeks are at all averse to holding personal stores of competence and capability.
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If the State was a Nanny, it would have been fired for incompetence, unreliability, and having its hands in the till, a very long time ago now.
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Genesis
Posts: 131483
Incept: 2007-06-26
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100 Euros for a fully-automatic AK47 (and I'm quite sure it is too, as we're the ones with the silly machine gun regulations) is quite cheap.
Then again there's a reason the Kalashnikov is thought of as the "people's weapon" -- because it pretty-much is.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Oliver1655
Posts: 22
Incept: 2012-08-02
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We are heading for the concrete pilaster at 120 mph+ This is how it looks when it all goes wrong. There is simply no way to brace for these types of impact. Somehow the kid managed to survive though. Link to graphic car crash. Hope I can get link to work. Can somebody assist and embed the Youtube clip directly? <a href=" http://www.youtube.com/watch?v=FeTjXRbBH.... Goes Airborne And Hits Bridge Overpass</a> |
Yaldor
Posts: 2690
Incept: 2008-05-17
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A draft document prepared for eurozone finance ministers suggests that Greece should be given two more years to meet budget goals, but that this will add 32.6bn euros ($41.4bn) to its bailout.
why do we keep thinking that the US will do any different ?
for the P2B the issue has never been "the debt" the issue is how much it cost to carry the debt.
They keep inflating the currency (this help export) and rates are at ZIRP while QE reduce the amount the government needs to pay interest on - all this contribute to the cost of carrying the debt to be reduced while GDP is (fictitiously) maintained at positive territory.
So why would that stop ? We now see the end game of something that started 20 years ago with Greenspan. It may take 10- 20 more years to unwind.
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For every crash the probability of someone showing that he predicted it is near 1 .
For every prediction of an imminent crash the probability of it being correct is almost zero
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Fnamekeith
Posts: 478
Incept: 2008-04-07
Seattle
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Gen, did you mean to infer a prediction that the US will hit the wall in the new year (last two sentences)? Maybe you meant that we'll hit the wall at some point - maybe next year, maybe not?
If you're saying next year, that's a ballsy call!
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Give a man a gun and he can rob a bank, give a man a bank and he can rob the world.
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Friar_tuck
Posts: 1118
Incept: 2008-01-09
N. Cal
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Greece sold millions of rounds of surplus 30.06 (M2 ball) to the CMP (formerly known as DCM) along with thousands of Garands a couple years ago.... Hmmm I wonder if someone didn't want thousands of riflemen running around in Greece...
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Ribbit
Posts: 1792
Incept: 2007-09-10
Wales, UK
Online
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If the State was a Nanny, it would have been fired for incompetence, unreliability, and having its hands in the till, a very long time ago now.
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Caton
Posts: 32
Incept: 2010-10-24
Neuilly-sur-Marne, France
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The ECB now has 200 billion euros of Greek paper on its balance sheet. The minute Greece defaults, the ECB blows up, along with the Eurozone. That's why the Euro cult leaders keep kicking the can.
And France, well... the French economy is effectively dead. It's flapping and flopping like a headless chicken, but that won't last long.
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