After Hitting 1,100bps In Spread, Greece Finally Relents And Puts (Parts of) Itself Up For Sale

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Thu, 06/24/2010 - 18:45 | 432556 Rusty_Shackleford
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I call dibs on the national parks.

Thu, 06/24/2010 - 18:57 | 432588 Mr Lennon Hendrix
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The women?

go ahead and junk me, that one was for Leo ;)

Thu, 06/24/2010 - 19:23 | 432639 nmewn
nmewn's picture

I'll take my chances with the Greek half of Cyprus.

Thu, 06/24/2010 - 19:16 | 432626 knukles
knukles's picture

Jeeez...
Employing the old PanAM model.
Sell the Hotels and keep the Airline.
Worked just fine back then.  Repeat after me. 

Thu, 06/24/2010 - 19:41 | 432667 BlackBeard
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Parthenon!!

Thu, 06/24/2010 - 18:46 | 432559 carbonmutant
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It's probaby as overpriced as their hotel rooms...

Thu, 06/24/2010 - 19:17 | 432627 Freebird
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Damn, that photo brings back some fond heterosexual memories. Another thing to thank TD for.

Thu, 06/24/2010 - 19:58 | 432690 Mr Lennon Hendrix
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It must have been Paris Hilton who junked you.

Fri, 06/25/2010 - 12:54 | 433798 carbonmutant
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LOL

Thu, 06/24/2010 - 18:46 | 432561 arnoldsimage
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WE    ARE    SPARTA!

Thu, 06/24/2010 - 19:04 | 432607 Careless Whisper
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oh bay bay, i think the men of mykonos aren't your idea of sparta.

http://www.youtube.com/watch?v=F90bpsd6LNg

 

Thu, 06/24/2010 - 20:04 | 432699 Hephasteus
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Oracle of Delphi. The love of gold and nothing else will be your undoing.

Sparta. Iron currency bitches.

Sparta. Conquest bitches.

Sparta. Send the gold and silver money from those we conquer back home.

Sparta. Oh shit!!

Fri, 06/25/2010 - 04:47 | 433170 AnAnonymous
AnAnonymous's picture

Actually, the Spartan policy on slaves, how they wreaked terror on them to initiate their warriors and stuff, ensured they were never big conquerers.

You know, a bit like Southerners in the US who were busy preventing men from freeing themselves and didnt participate to the war against the British crown.

But hey, people love their myths, so let them keep them.

Fri, 06/25/2010 - 06:00 | 433196 Circumspice
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Are you stupid or something? Have you never seen a map of the campaigns in the Revolutionary War? The South did plenty to defend the US's independence, and certainly enough to push it to declare that independence (cf. the Halifax Resolves).

The British's initial strategy was to attack the North (they captured NYC easily, of course), but from 1778 onward the focus shifted to the South, because it was still largely rural and they figured they had more Tory support (which turned out to be true only for Georgia). The British defeated Georgia, the southernmost state at the time, but then got stuck in the Carolinas, where many of the last major battles were fought. Hell, after losing a quarter of his men in one battle in NC, Cornwallis had to retreat to Virginia for reinforcements, and there he was defeated. (Anything from Maryland and below should count if we're talking Civil War battlelines.)

Never mind that most Southerners weren't slaveowners.

Thu, 06/24/2010 - 23:39 | 432836 Quantum Noise
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We were Sparta! From now on we're Spartburg!

Thu, 06/24/2010 - 18:49 | 432566 Apostate
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Can we sell Louisiana back to France? Nothing against it the people down there, but it's kind of a troubled asset these days. 

Thu, 06/24/2010 - 20:19 | 432724 DoChenRollingBearing
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Can we have the Brits come back and burn down Washington, DC?

They did it once before.

But, DC is also a troubled asset.

Thu, 06/24/2010 - 23:05 | 432764 BobWatNorCal
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Dang.

That actually sounds pretty good.

Could they burn it down with the politicians inside?

Thu, 06/24/2010 - 23:23 | 432797 Nikki
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I'll pay in gold for tickets to see that show.

Thu, 06/24/2010 - 18:50 | 432568 digalert
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Being a tax paying USA citizen, don't I already have a stake?

Thu, 06/24/2010 - 18:58 | 432590 Apostate
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No, sorry, slaves have no stake. 

Thu, 06/24/2010 - 19:06 | 432611 Mr Lennon Hendrix
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Yep, no steak.

Thu, 06/24/2010 - 19:22 | 432638 Shameful
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Sure you do.  We serfs will probably be packaged up with the land.

Thu, 06/24/2010 - 18:52 | 432573 tmosley
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Governments should never be able to own property.

Thu, 06/24/2010 - 19:05 | 432610 Rainman
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Governments should never have been allowed to be overrun by public sector unions either. And Congressional Ethnic Caucuses are discriminatory and against the law.

But you get my point I hope.

Thu, 06/24/2010 - 18:53 | 432580 Kurtieboy
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I'll take one of the Mykonos islands!

Thu, 06/24/2010 - 18:58 | 432591 Tartarus
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Can't wait tell they start breaking up the country and selling it off altogether at rock-bottom prices. I would like Thrace please!

Thu, 06/24/2010 - 18:59 | 432595 Apostate
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Brief prediction:

Greece goes off the Euro.

Says "fuck you" to idiotic Euro-Fabians who demand an "efficient bureaucracy."

Sells off state assets.

Issues some lame third world currency.

Communists complain. Maybe burn something down.

Then they do pretty damn well. Shipping might suffer due to declines in global trade, but otherwise, they'll make out much better than the US.

Thu, 06/24/2010 - 19:52 | 432680 Fenrisulfr
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I would bet on a debt default as they owe much of their debt to other European countries.  Load up the CDSs...

Thu, 06/24/2010 - 19:00 | 432597 cougar_w
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I just thought of a great movie script, of a guy who buys an island off Greece and rides out 10 years of global upheaval then goes to the mainland one day when he senses things are quiet to find the place a blasted war zone with nobody left except wild dogs.

Um ... gold bitches. Or something. I dunno.

Thu, 06/24/2010 - 19:01 | 432600 Apostate
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Reminds me of World War Z. 

Thu, 06/24/2010 - 19:36 | 432661 resipsaloquacious
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Yes.  If I remember correctly, Cuba comes out on top after a Zombie apoc.

Thu, 06/24/2010 - 19:38 | 432664 Arius
Arius's picture

hmmm....you might be into something.  after all there just too many people.

Thu, 06/24/2010 - 19:42 | 432671 Shameful
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To many people?  So when are you going to pull the trigger and do your part to save the Earth?  Save the planet, kill yourself.

Thu, 06/24/2010 - 20:10 | 432702 DosZap
DosZap's picture

Arius,

I have posted this before, but your comment makes it neccessary for a repeat.

I am so sick of there are too many people.........Population control!!

The state of Texas,has enough land mass to build a 1200 sq ft house, w/a small yard for 6+ Billion people.

That would leave a hell of a lot of room for the animals,livestock, and food production.......in the left over land mass.

Spread them out to 50% of the USA, and the rest of the globe could be without any population..So, for all the Euthanists, Fku ......(that includes you Geo Bernard Shaw, and Ms.Sinclair).

And all you other self important genetic mutants..............bent on murdering innocents for the $.

And, using global enviromentalism for the reason/excuse  for Genocide.(it is what it is).

Thu, 06/24/2010 - 20:31 | 432738 DoChenRollingBearing
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+ Texas DosZap

We have plenty of resources as long as we keep the .govs from getting their mitts on us.

The Hard Left sure does have a lot of weirdos with wildly totalitarian and genocidal views.

Thu, 06/24/2010 - 20:45 | 432752 Mr Lennon Hendrix
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Ted Turner junked you.

Fri, 06/25/2010 - 04:55 | 433174 AnAnonymous
AnAnonymous's picture

Overpopulation is based on consumption.

People are still living in the past when gap between people were not as large as they are now.

They keep considering that pushing out people based on numbers would be a solution. It was a solution.

But this card is played now and cannot be played once again.

Fact is that at present times, if one billion of people kill the 5 others, it wont change big for the one billion (probably will degrade the situation actually) and if the 5 billion others killed the one billion, the five billion will get themselves a nice opportunity.

Issue: while the one billion can eliminate the 5 other billions, the 5 other billions can not. Hence a nice dead end.

Fri, 06/25/2010 - 00:00 | 432871 CD
CD's picture

Similar premise, from a historical writer: Robert Merle - Malevil

Thu, 06/24/2010 - 19:01 | 432599 Dr. Sandi
Dr. Sandi's picture

This really begs the question: "How soon before I can use some of my PM holdings to buy stuff I've always wanted that currently "belongs" to the U.S. government(s).

I realize I'd never be able to outbid Barrick Gold or the Chinese government for the national parks, but maybe a nice mountain top or two with choice communications sites?

Thu, 06/24/2010 - 19:03 | 432604 Apostate
Apostate's picture

Wait... wait a long time. Some are selling and leasing stuff quietly. There was even an article recently about how some public schools are being basically privatized.

I think most state assets will sell at over-valued rates... after those guys go bankrupt, and someone else buys them at a lower price, and they go bankrupt - then, you get in the game. 

Thu, 06/24/2010 - 19:14 | 432622 cougar_w
cougar_w's picture

Sure, but every time it changes hands it degrades. The last one in buys a junk heap.

We'll be buying and trading ashes, ere the end.

Thu, 06/24/2010 - 19:19 | 432630 Rainman
Rainman's picture

Excellent plan. I want to buy a busy SoCal toll road on the cheap. Cali sold the rights off long ago with an upgrade premium. Not everyone can brag that they own a half priced toll road.

Thu, 06/24/2010 - 19:30 | 432654 Apostate
Apostate's picture

I would be careful on that.

For example, if you buy a public school, you could end up with an asbestos-infested prison-like structure that might be completely uneconomical in the future.

Why would I send my kid to be taught by an alcoholic child molester in a recently privatized school when I could hand my kid a phonetic literacy app or allow her to be tutored by an out-of-work Rhodes Scholar remotely for $20 an hour?

What if your toll road has no traffic because a community formerly made up of majority government workers becomes a ghost town? Or if the expense of water rights in the area makes the entire region into a wildland ruled by coyotes, huge rats, and travelling war-bands from Mexico?

I studied the privatization of Russia extensively both independently and at the graduate level, so I'm a bit extra-sensitive to these issues. Many ended up with totally worthless factories and equipment that they assumed would be extremely profitable. 

Thu, 06/24/2010 - 20:15 | 432716 DosZap
DosZap's picture

Apostate,

Why would you want your children taught by a Communist educated, indoctrinated teacher/Prof?.

Thu, 06/24/2010 - 20:47 | 432755 Apostate
Apostate's picture

Hey, depends on the topic. Even the commies can be sensible on some isolated subjects. 

The point is, "home-schooling" is easier and cheaper than ever before. There's no reason to send your kid to a re-education gulag or to a $30,000/year private school.

If you're outside of the US, you can even have your kid working a serious job from an early age.

Hell, you can even have your kid freelance as a programmer or whatever now, with no issues. 

Fri, 06/25/2010 - 01:33 | 433045 GoinFawr
GoinFawr's picture

Effing nice Apostate. Hat's off.

Regards

Thu, 06/24/2010 - 19:02 | 432601 Mr Lennon Hendrix
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I say the US Gov leases an island and pays for the gulf coast residents to move there temporarily.  What else should we do with our FIAT?  Pave roads endlessly?  Building expressways until the end of cheap oil is about to look very foolish.

Thu, 06/24/2010 - 19:12 | 432617 cougar_w
cougar_w's picture

Another great movie script. Sort of "Lost" meets "Swiss Family Robinson".

You know something is wrong when people say things that would not only make sense but would make a great movie.

Reality. Bitches.

Thu, 06/24/2010 - 19:20 | 432633 knukles
knukles's picture

Nah.

Rebuild America by Employing Americans.
No moah shiftin' them jobs ovah-sees
We already got Detriot can be repop-a-lated n' re-bilt with all them Southern' folk.

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