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As Legendary Nurburgring Files For Bankruptcy, Broke Greece Launches Its Own Formula 1 Race Track
There is something very wrong with this story. Two months ago, the world's most legendary race track, Germany's Nürburgring filed for bankruptcy. As AP wrote then: "Germany's legendary Nürburgring racetrack and entertainment complex is effectively bankrupt. The circuit—which hosted Formula One's German Grand Prix last year—is to launch insolvency proceedings amid fears that it could run out of cash while the European Commission considers planned government aid. The state government in Rhineland-Palatinate, which owns the financially troubled Nuerburgring GmbH, decided on the move on Wednesday, the dapd news agency reported.... A state subsidy had been in place since a disastrous development plan left the 'Ring organization saddled with more than 350 million euros in debt. While the Nordschleife—the circuit's famous “North Loop” which covers more than 13 miles—generates healthy operating profits, the income does not cover the interest payments on the enormous debt incurred when the state entered into the plan with two developers, Kai Richter and Jorg Lindner." Sadly such is life in a world in which not everyone is bailed out by the government, and when it comes to the "fairness for everyone, bankruptcy for no one" doctrine, Germany has still not jumped on the bandwagon.
One country which has is the country which many say is alive only due to German generosity, is Greece. And in what may be the biggest slap in the face to Germany, and its recently defunct race track, is the news that Greece is now "unblocking a subsidy" (a subsidy which came from Germany) for €29 billion to, get this, build a Formula 1 racetrack. The same type of racetrack that just went belly up in Germany and cost countless jobs.
And if that isn't efficient Keynesian allocation of capital in a fixed currency regime, we don't know what is. What we also don't know is how Germany will react to know that instead of bailing out its own racetrack, and in the process "creating or saving" several thousand German jobs, German money will instead be used to the same purpose, only a thousand kilometers to the Southeast.
From Bloomberg:
Greece unblocked a subsidy of 28.9 million euros ($37.2 million) for the construction of an international-standard racetrack that can be used for staging Formula One car racing, the Ministry of Development said.
The track, which will be designed to host other events as well, including world championship motorbike racing and go-kart racing, will be built in Xalandritsa near the western port city of Patras at a total cost of 94.6 million euros, the Athens- based ministry said in an e-mailed statement late yesterday. Racetrack Patras SA, a private investment company, will oversee the project.
Greek Deputy Development Minister Notis Mitarakis also signed documents to unblock other subsidies worth a total of 44.4 million euros for a project to build a glass pane-making factory in northern Greece and for modernizing and expanding facilities at the luxury Elounda Bay palace hotel in Crete, including the building of a new conference center, according to the statement.
The three projects are the first of seven, each worth more than 50 million euros, that were delayed amid funding difficulties and two general elections. The three projects are collectively expected to generate over 800 new jobs, the ministry said.
The racetrack from the air:
Next: soon to be bailed out Spain gets German subsidies to build BMW and Mercedes plants even as the same plants shutter in Germany. Cue thousands of happy Germans celebrating the efficient allocation of capital.
h/t Stefan
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Fiddle meet road.
Wait... You mean driving cars in a circle where the only benchmark is who can do it faster has a ceiling on ROI??
Can't be any manipulation in that sport at all.. no way..
Mark the gas petal with a "ctrl + p" and watch those bitches race in circles until the wheels fall off.
The amazing thing about these tracks is that they are quite expensive to build, much more complicated than your standard NASCAR roundy-round affair. You pay all that money to build the thing, you pay a ton more to the FIA to let you have a race, and then you get to take advantage of Formula 1 racing a grand total of ONCE PER YEAR. Shocking that so many host cities/countries lose money on the affair.
just get one of these if you are so into circles
http://www.metadad.com/wp-content/uploads/2007/08/brightstarts.jpg
And lest ye think only the Euros will get to have fun with such debacles, we'll soon get to see a stateside test of massively expensive racetracks.
The Greek track appears to have borrowed a lot of layout elements from Barber Motorsports Park in Birmingham.
FIAT becomes champion at Nurburgring... Whocoodanode?
AND, by the way....
....you didn't race that.
same result coming to an austin tx neer you.
Mario D-Kart goes Global!!
german video how EUR 350m of tax payer money was wasted at Nürnburgring
http://www.youtube.com/watch?v=Mf0rvPwap28
Yep. Great track. Very spectator friendly (which is not often on road courses). Incredibly nice facility.
Of course, not much passing opportunity... but that's par for the course.
They use that track practially year-round, there's just the single Formula 1 race, but plenty of activity there. What it really means is that the income stream was mis-handled somehow. I know that NASCAR is having massive problems attracting paying customers, I didn't know Germany would be having the same problems with its motor sports venues, but it makes sense.
Bingo. This has less to do with lack of revenue and more to do with mismanagement.
I think the problem was the development of an over-priced (apparently) amusement park in connection with the Nurburgring. I am sure friends of the politicians, like construction companies and bankers did well. Now the German taxpayer will pick up the tab.
At least with the track in Austin, its just Texans picking up the tab.
I was referring to the track in Greece. The Nurburgring has a huge customer base outside of F1, the full course isn't even used for F1 anymore, the "Green Hell" is now the playground of automotive manufacturers, ring taxis, and daring/stupid individuals who believe they are a distant cousin of Michael Schumacher. There's absolutely no reason it couldn't be successful, it's classic bureaucratic mismanagement.
You are 100% correct and I'm pleased to say that I got IBTL on the 'Ring!
not shocking at all, the politician that orders the racetrack gets plenty of cash back from the construction company that built it.
Maybe Greece should call it 'Formula U' or FU for short, seeing as that's what they're saying to Germany. It could also stand for 'Fully Underfunded'.
...or just Grecian Formula
A cosmetic to paint over reality.
Ding! Ding! We have a winner ladies and gentlemen. Grecian Formula is perfect. The Irony is almost overwhelming. Apparently, the Mental Patients are in charge everywhere in Europe, and they have sent the doctors home.
Greeks build top race course.....It will never be completed if indeed started, due to the massive rorting by all and sundry, Greeks building and running a race track.....nah, come on, tell me its a spoof.
And fiddle they did. Let's hope 'Ring does go bust. The current organisation are a bunch of dangerously inept idiots. I mean that, at the start of the 2011 24h race they locked spectators in the grandstands. Fortunately nobody did a Pierre Levegh.
They lost the plot on the commercial side as well. They introduced a system to make it as difficult as possible for you to give them money. You queued (if that's what you call it when Germans are involved) to put some money on a 'Ring card. You then queue to buy a drink and you queue again to take your cup back to get the deposit back on your card. Not that it was terribly easy to get in to begin with. I shit you not - to walk into the ticket office, you needed to park - with a parking permit that you need to buy from the ticket office.
Incidentally, $37 million would barely build you a go-kart track.
And fucking Kurt Beck, the SPD politico responsible for the entire shambles, still has his fat ass in office.
Jan Cees de Jager as well. (though they're supposed to be gone - but who cares - they're all buddies, covering for each other now)
This (demissionairy) Minister of Finances of the Netherlands was hiding the amount of money that they transferred to the creditors of the bankrupt corrupt Greek.
That was a 35 BILLION EURO EXTRA that he LIED about. http://www.nrc.nl/nieuws/2011/08/01/de-jager-zweeg-om-onrust-te-voorkomen/
This could be a watershed moment. Once the ordiairy dutch and german population hears about this, they will be less inclined to pay taxes.
oh look what's happening:
suddenly the dutch are waking up. the blinding flash of realisation; OH SHIT the money, where's the money???!!?!?!?!?!?!
http://www.volkskrant.nl/vk/nl/6235/Martin-Sommer/article/detail/3324489...
http://www.telegraaf.nl/dft/goeroes/alexandersassenvanelsloo/13008109/__...
too late motherfuckers, the money's gone, you signed your right for oversight away with the ESM, and the gold is eeehhhmmmmm somewhere in a vault in NYC.
the only two choices left are to drop out of the EU and face the full brunt of the violent retalliation of the bankster cartel as men or concede with the position as debt slave while the greek elite is going round and round and round and round and round on their brandnew racetrack.
$37 million is just the "payment" to Ecclestone to get an F1 race.
Here is the Norschlife with a German guy that Oba-m-a is trying to jail and bankrupt to protect O's cronies in Silicon Valley and Hoolywood.
http://www.youtube.com/watch?v=mf3bjKwwlMM
So, already this complex is geared for a bail-out before first sod is turned.
I wonder if this whole self-destructive/Masochist turn of Merkel-led Germany really still has to do with guilt over the Holocast/WW2 or if it is a new mental illness that needs an entirely new paradigm.
Yes.
There isn't one agenda here. Each player to their own. Angie was brought up in the GDR; it's therefore not inconceivable that she's mainly afraid of Russia.
Being brought up in the GDR and an accomplished propagandist within the German communist system, I would suspect she understands her former Russian communist counterparts fairly well.
Given that the Russians are now somewhat free-range plutocrats with a dash of western capitalism makes them a little less predictable than their former drone bankster eunuch selves.
It may give her some concern but I suspect fear is not within her calculus. Being a communist then, and one could argue being a communist now, she has maintained the comfort of monolithic statist inertia to quell such emotions. She is the face of the New Global Socialism.
And the road won.
The exact same thing is happening with the European Space Agency. The Netherlands is cutting support for ESA, and Spain is spending huge sums to try and move ESTEC (the largest ESA centre) from the Netherlands to Spain...
Maybe they could give Uncle Ben a call, see if he has a spare helicopter he could send over.
He has enough fun to go with $2.252 in Mandated Programs (Soc Sec, Medicare, Medicade, TARP, and other mandatory programs) and $.225 Trillion in interest payments ($2.477 Trillion in Mandatory and Interest), with $2.469 in total theft....I mean receipts for 2013 alone.
$1.319 Trillion in Appropriated Programs (Military, CIA, DHS, FBI, Military bases, guns and such) is NOT included in the figures above.
http://www.youtube.com/watch?v=EW5IdwltaAc&list=FLK7Q9Kl6xWpDtLIineKSgnw&index=2&feature=plpp_video
Looks like either cuts to Medicare, Medicaid, Soc Sec, and TARP, raising income taxes by 50%, or disbanding the Federal Government all together.
Oh shit, what was I thinking? Benny is shoveling out fiat that does not matter to the numbers above. Carry on Ben.
Uh oh! I think I see the plan here. Hahaha. Oh wow.
perhaps it is a massive holding pen for the greek sheep????......perhaps the end is finally near?........
Why didn't CRASH-CAR or MONSTER-TRUCK ever take off in Europe? Why this techno-erotic fascination with motorized speed? Why not just a motorized clown show like you get in the USA? Does Europe need more hill-billies and rednecks?
Well, for one there is this thing with powerful, fast cars that you can drive them as fast as you want on certain German Autobahns. And an astonishing amount of european policemen close their eyes if their favourite fast car just happens to be just that: fast.
But the truth is that our rednecks are generally descendents of aristocrats or other "local gentry" and our hill-billies live much closer to the cities.
So it's hunting and fast cars for europe, I'm afraid. And soccer.
FYI. The US makes 2 of the top 5 Worlds fastest cars. The Hennesy Venon GT and the SSC Ultimate Aero.
Ach!
A world's fastest car gap!
Ah, rednecks do exist but I guess they'd be using souped up farm equipment. I suppose the Gypsies could make some fine motorized monstrocities...and swinging music to go with it. We just have more cars out here. I think it'd offend the sensibilities for those who had to save 15 yrs to get a Lada...
Make sure it crosses the border with a straight line ...that will be the fast track....can we watch it with our boats..cause Formula one girls in Bikinis look great....and below deck without bikinis even better...bunga bunga baby
If you want that, have Bernie put up a race in his ex-wifes' neighborhood. Croatia has at least 100 islands that can be turned into an F1 track with Luxury Yacht Parking running along the whole track. It could be Monaco but with room for all the bankers yachts to park track side.
Think of the Bunga Bunga parties that would make. Have it in August when half or Italy and Germany is laying out in the buff on the coastline.
I never knew the invisible hand of the market belongs to a government sponsored Keynesian.
So the track is on track. Has Germany invaded Greece yet? Apart from the sunlounges that is.
(distant sound of Leopard III's idling in woods)
Fiat loses, Ferrari wins.
Fehler in allen Teilen = FIAT
(LOL)
FIAT = Fix it again Toni
fiat owns ferrari?
Si!
Essa dah biggest a car a inada roomah wida da leetle ladie, hammered outa by da hot headed Italian ah male wida a dah ball a peena hammah anda dah metal dolly.
Si!
english version of the comment?
Million, not billion.
Now, and then.
this is ZH, whats a few zeros when you have a book to talk.
http://youtu.be/43jHm8Qklbg Achtung Tank Race
Der German Merkle Girdle Bailout Flamout Tiger Tanks Mit Der Greek Pilots
Chinenze Mit der Fiats underzee Boats und de Dumpkoffen Spermaplazze Piazza Del Dumpsters Politicos;
oh, thats Italiana, Next Der Plungit mit der Fiats, down 47% Like a Tokyo Pension Plan on Kamikazee Fire....
Achtung, Achtung! Alles Lookenspeepers!
Pit der Girdle Tigers vs de recalled G Mother F****r Bailouts Cars with the flamers,
Und have them piloted by Obamaphonepanzerfausters
Serviced mit the Gotfitdamerung German, not Swiss German
Race car workers Laid Taped Mouth Shut Mit Der Gangsters Banksters und der Trunksters,
Und have der Cars explodenze mit the Souvlake and Sauce
VONDERBARR!!! More Phonesfausters und Saurcraut Job Mit Souvlaki Sauce und Unshaven Greek Armpits....yaaaa yaaaah YAAAAAH!
Pretty good commentary.
LOL @ the dude at 1:30. He's asking for it.
Ya mas!
Race to the bottom!
Great, now California will want one too. Only bigger, because it is not Greece.
Well, what the hell, even Jersey is getting one...
http://www.nj.com/news/index.ssf/2012/09/new_jersey_grand_prix_included....
Just slap my ass and call me susan, now I've heard everything.
Wait'll the International Jet-Setter F-1 crowd gets a look at WeeHawken, N.J.; boy will they be impressed. What were they thinking?
LOL
Weehawkaen NJ
LOL
What a shit hole!
bernie is a first class whore that can talk any city out of its life savings
so his 21 yo daughter can by 40 million dollar houses. nice scam.
Bernie may cancel NJ. I guess the check bounced. I doubt it will happen. Spain cancelled their race in 2013.
Vettel drove a street Infiniti (renault sister company) around the track and Coulthard drive a Red Bull F1 car through the tunnel. The Weehawken area of Jersey looked horrible. Move it to Hoboken at least.
I don't watch football very often but yesterday I sat down and watched parts of several games on TV. In all cases, the stands were full. These tickets are expensive so where is the discrationary monies coming from? We need more recessions like this and build more stadiums here to accomodate all the people that want to watch football, or NASCAR, or basketball and even soccer. /sarc
Visa or Mastercard until they no longr work.
If you have to ask, you haven't been paying attention for the past 4 years. Props, though, for at least asking the question. Most Americans don't ask where all the Skittles come from.
Drivers, Start your engines !
Where's the bail-out money, Angie?
Would anyone here stick it in Merkel's anus?
Absolutely --- if "it" were a red-hot iron poker rolled in equally hot broken glass.
Do I get my own F-1 racecourse if I do?
Every man has his boundaries....
They just gotta be found...
Gran Turismo 6: Mad Max Edition
I think I used to race it on one of the Project Gothams. Damn shame.
Nurburgring is starting the dominoes falling in F1, and many of the other hundreds of millions invested n F1 will be losses too, as F1 begins to fade in global popularity
Formula 1, despite its past profits and profitability, and being the world's highest class of motor racing, has been dying, because of:
- Eliminating the re-fuelling during races that were a great part of the strategy and excitement, and made it more relevant to real driving;
- The strange ever-evolving complex point system; and strange tech rules, car can do this for x percentage of time on a lap, etc., meaning that F1 is mostly now about geek tech strategy;
- Setting up F1 races in all these un-fitting countries where it does not belong, where fans do not come to watch, where there is no existing motor-racing culture to use the track aside from F1, the F1 races in the 'Dante's Inferno' countries like Bahrain ... countries that only have an F1 race due to big money being thrown at it by egotistical local rulers
- And in general because the whole world is ending what Jim Kunstler calls the 'Happy Motoring' culture
Soon F1 will be about as relevant to our real transportation lives, as harness racing or motorcycle-and-sidecar racing
its cos they keep trying to elimate risk, god forbid that one of those highly paid drivers might get killed, no risk no excitment no fun
i love a good car crash
Nürburgring and Hockenheimring are two F1 race tracks in Germany and barely profitable since Bahrain, China et al are willing to shovel huge sums of money donw Ecclestones throat. Sooner or later one had to give and Nürburgring took the chance to lose this race by creating an entertainment park around the circuit that no one wants to visit. The minister president responsible for the financial desaster resigned this weekend due to "health problems".
Very true. It's been on the critical care list for a decade. It's been mis-managed to death. The F-1 rules commitee makes my ex-wife look rational and decisive by comparison.
F1 is on the way out because Bernie spent the last 20 years pimping it out like a whore for money. F1 is just swag that a "country" gets to show off like it is somekind of high end fashion statement. He won't stop trying to wring every last cent he can out of the Brand.
You have to put up big $$$$$ for bragging that you have an F1 race. It makes little men, running little countries, think they swing big ones like the A-list nations. Now that no one really has a pot to piddle in, the allure of hosting is wayning. Bernie can't shake down new suckers as fast as the old one's keep drying up. Turkey, South Korea, Valencia, etc., etc.
If Bernie had more brains than outstanding bar tabs, he would cut back to Europe, North America and Brazil. Everyone else is spending $$$ that their egos can't deliver. But that won't happen. Bernie would rather have 5 races in BurkaTurkaZefastan and let the "president" win 2 of them in his 32 Dusenberg if he paid cash up front.
The new tracks in the third world, which oddly is less broke because the west imported the third world, are shit. The only good tracks left are Spa, Monza, Suzuka and maybe Interlagos and Silverstone.
It is all about giving Bernie endless money. F1 is a Bernie bubble. He needs to take a dirt nap.
And the last point not mentioned in the article.
Eventually it will all be controlled by the EU through the ECB. Greece, Germany, just pawns.
you just can't make this shit up!
The race track operation did not fail. A leveraged real estate development failed. Grandiose greedy fools.
Euro circle jerk???? Maybe!
3 projects, costing more than 50m euros each, to create 800 jobs. That is certainly not German efficiency at work.
Vhy did zey not do ze cost-benefit analesis? Oh zat ich right, ve are talking about Greece.
The Planners move in mysterious ways, their wonders to perform. They prepareth a racetrack before us in the presence of our creditors. Opa!
I'd like to see a Formula 1 race in Greece but I don't know how the drivers will dodge so many rioters throwing molotovs.
Mad Max Formula 1!
Puncture-Proof (Increvable) tires!
Real Driving Ace's (As Du Volant's)!
Coup Fourre!
Didnt Austin, TX just build or is building a formula one track? Indeed
http://www.statesman.com/news/news/local/lawsuit-filed-against-state-for...
http://www.bloomberg.com/news/2011-05-11/texas-taxpayers-finance-formula...
Again, I get sick to fucking death of having to hear about schools and teachers...It is the teachers taking the money from the schools and children with their bloated ass pensions!
If you can't give 'em bread, you better give 'em a circus.
I'm sure the Monte Carlo crowd that is drawn to F1 will be made very welcome by 10 million starving peasants in Greece - where do these fucking people get their ideas?
The ghosts of the guillotined French Nobility?
News you will certainly not read on ftd.de or handelsblatt.com and other main stream propaganda outlets
We have to keep the peace. Have to keep the people "informed" to be happy "customers".
Formula 1 is a big FUCKING DEAL in Germany. Even a bigger deal since the Schumachers. Nürburgring is an icon for fans of the sports in Germany and across Europe.
Wars were started over less than this shit.
Rothschild owned (and former edited by the lord of the Redshield himself) The Economist Magazine, laments the resilience and the bounce back of BitCoin after last year's take down.
See article "Monetarists Anonymous" here:
http://www.economist.com/node/21563752
Reading-between-the-lines: The article opens with the quote "give me control of a nation's money supply and I care not who makes the laws," and decries the fact that bitcoin is decentralized with no central issuing authority to co-opt, take control of, and base a pyramid of power off of.
In the print edition it's next to a small article "Currency Protests Money talks", which talks about how money is also a means to communicate a message to citizens through the use of Symbols.
see: http://www.economist.com/node/21563757
Between-the-lines: they are worried a mass transition to something like bit-coin will mean less people will use their federal Reserve notes and get the symbol of the "illuminated" pyramid with all-seeing-eye on top, imprinted in their subconscious.
Money no longer power? not in the sense it use to be. Bit coin here to stay.
Welcome to the new paradigm lord Redshield! The game is about up. Perhaps I should just call you red shield as you are rapidly being dethroned with each passing day...
Chariot races bitchez!...
Greece Lightning...bitchez!
True History
It was in the Circus Maximus where the "wheel chair" races were held in Rome...
To keep the populace happy, free bread was handed out.
And therein is the etymology of the phrase "Bread and Circuses" in reference to appeasing the masses at the chariot races.
More Golf Courses!
More Country Clubs!
More Polo Fields!
More Tiffany Outlets!
More Five Star Restaurants!
Bring back the Charleston and all will be well!
the germans WANT the new track in greece or they wouildnt give greece the money.
I wonder how much German TV will pay to broadcast Greek goat races.
I just have to learn to adapt to insanity being the new reality. My mental architecture is not as nimble as it once was.
Greece is going Zombieland but they're building a F1 raceway that Germans paid for. Sheesh.
Fuck it. I give up. The modest amount of Euro-pity hiding in my brain stem has now been permanently extinguished.
Let the Social Darwinism commence.
WWW3 will be triggered by this Greek F1 track.
How is this different from me paying for some guy to get high and buying him lunch at McDonald's with a SNAP card? Those videos are priceless! I should get his phone number so I can call him on his free phone, too.
..a subsidy of 28.9 million euros ($37.2 million)..
..other subsidies worth a total of 44.4 million euros...
this has the appetising odor of rich, fat, succulent slices of pork.
Unions, politicians, "advisors".... ...probably like a Californian mass transit project.
Just get the IMF involwed so that 60 cents of every dollar is from the US taxpayer.
Right home Here in River City, Bitchez
the legendary effects of climate change and market deleveraging. When small becomes new mode.
Climate Change Will Shrink Fish Size - Business Insider
Guess there is a parallel there when the same type of causes produce the same effects :
Sharks slimming down to red herrings both figuratively and literally.
Full Greek bailout by the Artemis Sorras family. This is not a hoax or a "Nascar" comment like the previous ones.
Aparently the specific group, which is financed by the Greek-American billionaire "Artemis Sorras" has deposited 600 billion in a Canadian bank in U.S. Treasuries, the representative of which confirmed (live on video) that the deposit exists in U.S. Treasuries and is available to the Greek Government (under some terms of the custodial account such as a detailed audit of the Greek government finances just for the sake of revealing the truth). The Canadian representative banker is heard (in English) at time 1:00:04 of this video: http://www.youtube.com/watch?v=Gw9X1db0P2Y confirming that the money is available to the Greek government.600 billion in US treasuries ??????
are you sure they're not counterfeit in a crate from the Chicago Fed and issued 15/03/1937 ????
whoever this guy is, he would hold almost as much UST than China!!!!
here's your TOP 100 list from Forbes and your guy is NOT on it, not even close
GOT ANOTHER BAILOUT PLAN??? Because this one is NOT going to work.
What was this "End The National Debt" conference about? Did they take an offering at the end?
DEFAULT ON THE FUCKING DEBT AND GET THE DRACHMA BACK YOU IDIOTS!!!!
FUCK THE PRIVATE CENTRAL BANKERS IF YOU WANT TO BE FREE!!!
FUCK THE FED, FUCK THE ECB, FUCK IMF!
Here is the link again:
http://www.youtube.com/watch?v=Gw9X1db0P2Y
Watching cars go in a circle .... and expecting a different result .... is the definition of a Socialist's attention span .... circus for people like Falak Pema ! Who is China's Ludwig von Mises .... in 5,000 years they couldn't produce even one ? Pity ! They couldn't even produce a Keynes !!! They sure can "monkey mimic" our second string Socialist idiots like Karl Marx .... how do you "save face" with that history ? Enjoying the superiorty well deserved of the English speaking world !
Where are the Greeks going to borrow the other 65M to actually build the track?
Or is the entire 30M going to feasibility studies and the real-estate flipping pockets of two Greek developers whom no one has heard of, but probably have family in whatever corrupt agency is actually responsible for "unblocking" in Greece.
I was researching trying to find out why someone would hate a group of people so much that he'd try to kill them all... the only thing that came up that made any sense was:
http://www.scribd.com/doc/8634450/Germany-and-the-Jews-by-Benjamin-H-Fre...
Hatred of those who out earn you, out produce you, out think you .... is the the defining characterist of the Socialist/Fascist mind set ! We superior types don't hate our inferiors .... we feel paternalistic and tender .... much like I feel towards Falak Pema .... I feel his pain at not having achieved English aristocratic status .... yet !
If Gomer Pyle doesn't sing before it starts, it ain't a race.
What a bunch of goddamn idiots. I keep telling people that they'll have everyone in tent city before this over. At least you'll have a cellphone though!
And wtf was WallStreets issue today with the FED? I still want to know how you can have QE4 when QE3 last to infinity???
The only way to stop Greece from spending is to bomb them.
And yet, the markets across Europe were up over 1.5% across the board.
Another wretched day on the planet - check. That's off the list.
A few months back I happened to be at the Indianapolis Motor Speedway. My son asked if we could take a track tour, so we did.
During the course of the tour someone asked "Why don't you have any Formula One races here?"
The tour director's response struck me, I'll paraphrase what he said:
1. We can't afford them. (F1) They want so much money to show up that there isn't anything left for us, so it's a losing business proposition.
2. We had them (F1) here in the past and it was awful. They were very demanding of the facility. The owners of the Indianapolis Motor speedway were not pleased with the way the F1 people conducted themselves.
3. These people are premadonas. They demanded everything and gave back nothing.
I came away with the impression that F1 was more about F1 and less about the fans or the tracks or anything else. Since the Indianapolis Motor Speedway is privately owned and operated it's necessary for them to be mindful of expenses. Maybe the Europeans will be rethinking this business model going forward.
The people at Indy seemed generally pleased with the IRL and NASCAR.
ALEC in the US is leading to corporate wars over who gets to shakle the people and for what price. This kind of allocation gets to be dangerous real fast.
Which part of the track is best for hangings?
A few months back I happened to be at the Indianapolis Motor Speedway. My son asked if we could take a track tour, so we did.
During the course of the tour someone asked "Why don't you have any Formula One races here?"
The tour director's response struck me, I'll paraphrase what he said:
1. We can't afford them. (F1) They want so much money to show up that there isn't anything left for us, so it's a losing business proposition.
2. We had them (F1) here in the past and it was awful. They were very demanding of the facility. The owners of the Indianapolis Motor speedway were not pleased with the way the F1 people conducted themselves.
3. These people are premadonas. They demanded everything and gave back nothing.
I came away with the impression that F1 was more about F1 and less about the fans or the tracks or anything else. Since the Indianapolis Motor Speedway is privately owned and operated it's necessary for them to be mindful of expenses. Maybe the Europeans will be rethinking this business model going forward.
The people at Indy seemed generally pleased with the IRL and NASCAR.
F1 is about one thing - putting more and more money in Bernie Ecclestone's pocket.
The day is fast approaching when they won't even be able to afford to import baby formula and they want formula 1? This must be the biggest non-starter ever. It just can't happen unless this track is meant for the government so that it can continue to go around in circles.....well almost anyway.
Call it irony, but these days I'm reading Barbara Tuchman's "The Guns of August" for the first time. It just strikes me as too sweet were Germany to say, the hell with this shit, we're not taking it any more....and, repeating history as we often do....they invade some country.....
Not that they can easily invade Greece; why would they? But, it's just too funny.....race tracks....insane....
Greeks need to get it into their heads that they're being sold down the river. The people need to demand that their leadership walks away from all debt. Period. Default collectively and give the banks the middle finger.
Whatever restructuring or austerity they are doing, it will only benefit the Fed, the ECB and the IMF.
Greece is the first domino to fall and necessary to end the global bondage to these vermin bankers.
Greeks stop working for the banks. They will suck you dry and leave you enough to barely survive. Life could be so much easier for the country and for the people if they could keep 100% of their productivity instead of paying the leeches and parasites at the banks with their hard work.
That is what banking is all about. Create nothing of value. Do not lift a finger but take, take, take from whoever is stupid enough to take the loans of ficticious and bogus money at face value and repay in full.
The banks are dishonest. The bankers are leeches. So what if the whole shit show comes crashing down? Ok, a few harder years for everyone but NO MORE FREEBIES for the fucking worthless, lazy ass ELITE who is affording themselves a lavish lifestyle on the backs of the mass population!!
They will wait until the freebies stop...until then it is party on with someone else's money.
The common population in Greece is suffering already. 6 years of recession. When are we finally reading that it is a Depression with capital D?
The freebies for the people have stopped which is why they're protesting frequently. But that is not going anywhere. It's not enough. Now they're thinking about paying down the debt? What bullshit is this? They can never pay it back.
JUST WALK AWAY from it and deal with the fallout. You still have all your assets. Do it before the vermin bankers start taking assets or worth, take lives.
F1 is almost as boring as Football (Soccer) .... and they don't even have the dramatic sense to have an off season .... what mindless Euro-Socialist diversion .... it's comforting to know so many of life's competitors are brain dead Socialists .... then again .... that is the problem ! To hate any race is stupid .... to hate a mental disease like Socialism is healthy and life affirming .... and fun !
They could totally make bank in the off season with redneck gocart races....wtf are they waiting for?
http://www.youtube.com/watch?v=pVxExA-r_6A&sns=em
This is an untapped market in Germany.
My rednecks got class and know how to live .... let's export redneckism .... it's a winner .... I think the Germans might have the class to appreciate our superior redneck approach to life ! At least with Indy, Kart and Stock .... you get to see the whole race .... and not just 5% of the track !
Oddly enough - Bavarians are considered Germany's "rednecks" They have the best weather, live in the prettiest and probably wealthiest part of Germany. The best of the auto industry is in the south. Sure as hell beats ObamaVille, USA.
Now this may be off subject, but if Illinois gets bailed out by the rest of the country, I'm going to propose that a twenty story, gold clad, giant dildo be erected in my state.
I can legally own a firearm .... you can't .... that makes me a Capitan (captain).... and you a marinero (entry level sailor with mop) !
Tyler,
Please correct the summary. It's 29 million, not 29 Billion. It might cost that much by the time the track is built, but for now, only 29 million has been unblocked.
Thanks,
The amount is correct at 29 billion. But the currency should drachmas not euros.
Its a great idea, only 50 euros for a ticket and watching the cars race around will take the peoples minds off hunger and cold in between riots. If they build a supermarket close by the crowd will be able to enjoy a tasty lunch from the dumpsters at the back. They could build an olympic ski jump next to it in case they ever host the winter olympics, it would only cost 40 million and the snow could be imported from blah blah blah creating jobs blah blah blah sick of this fuckin stupid bullshit! the lunatics are in control and we are fucked :-)
We in America are much more frugal. In tough economic times we put billions into high speed trains. God Bless AmeriKa, "all aboard".
Formula One, the sport of dictators and tyrants
http://sport.uk.msn.com/f1/articles.aspx?cp-documentid=161131039
nascar, the sport of housewives and drooling rednecks.
Tamara and Petra NEED MORE HOUSE. More Daddy! MORE!. Make Greece build that fucking track so I can live. Da-ddy, puh-leez!
Blatant chicanery...
Is pavement edible ?
We may soon find out.