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| User Info | The Fly In The Greek Ointment; entered at 2012-02-21 11:41:45 | |||
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Mannfm11 Posts: 3548 Registered: 2009-02-28 DFW, Tx 
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This is laughable. I wonder which part of Greece the bankers in Europe want? They are going to have to liquidate property to have a chance of paying this debt. The only way it is going to be done is to run a trade surplus. They are all broke. All the governments are broke. This means they are all going to run a trade surplus. Remember, that is Obama's solution. It is the Republicans solution. It is supposed to be the bankers solution, but their real solution is to own all the property under lien and once they do, they will not worry too much about the rest of the debt. They will merely send the depositors a bill for insuring their deposits, which the bankers lost in the bad loans. The Greeks should do what the French did in the 1930's. They should demand Euro notes for every dime they have in all the banks in Europe, just as the French sucked the money out of the US, despite owing the US financial industry what amounts to near trillions today. Lets see if the ****ers can fund it. As Karl has said, we should do the same thing here with the TBTF banks. Get them where they can't fund their liabilities. The NAR is now running their bull**** homeownership ads. Doug French at the Ludwig von Mises institute wrote an easy to read 90 page book on the history of government and the NAR getting together and pumping up home ownership. There is nothing wrong with the idea, save for the fact that we aren't talking about home ownership, but bank ownership with the need for constant inflation to keep the debt afloat. In the meantime, Realtors drive Cadillacs and their customers pay the note. Legitimate debt has been replaced with make believe. There is a clear link between how Greece is being handled and how the housing mess in the USA is being handled. It is nothing but pretend and extend while the bankers run wild inflating another bubble for which we will get the bill. The current oil bubble, stock bubble, gold bubble, government debt bubble. They are nothing but games to be run long enough to pass the bag to some poor fool that can't resist. The only one that the holder won't lose all or most of their money is likely gold, because man loves his trinkets whether gold will ever again be the measure of purchasing power again or not. Many show it to be the measure, which shows the stock market in a constant bear against gold. Maybe this is or isn't a clear measure, but providing bankers with trillions of funny money to paper over their mess and inflate their assets isn't real either. The main point is the bankers can't pay their liabilities. There is nothing else one needs to know if they wish to investigate what is happening. Thus we are paying them so they can continue to gain possession of our property. So, the banker gets a bonus, which he uses to purchase property, or better yet, set himself up as one of the owed instead of one of the debtors. It becomes apparent, asset prices crash, banker buys and we get the bill. They not us know when the bottom is going to be put in. 2012-02-21 11:41:45
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