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Is Greece Hurting The Euro Or The Euro Hurting Greece?
Submitted by Thad Beversdorf via FirstRebuttal.com,
Just to throw a little grease on that Saganaki……. let’s have a look at some FACTS. Now I know our global bankers just hate when we bring facts into the discussion but you know us, always having to rock the boat and all…..
It never ceases to amaze me how the sheeple simply accept the explanation as given by those ‘in charge’ in the face of blatantly obvious conflicting facts (think 9/11, Ukranian coup, Iraqi WMD, ISIS, etc.). But as one doesn’t fight the Fed, one mustn’t fight the perceived reality for one quickly becomes the crazy-one. But, understanding the risks, allow me to present some facts that conflict with the explanation given by those ‘in charge’.
Pre Euro Greek total production increased by some 600% between 1960 and 2001 while German total production increased by a mere 255%. Now if we think about it in footballer (soccer) terms, Greece gave the German nationals a real thrashing. However, throw in the Euro and the subsequent 15 years has German total production up 20% while Greece total production is down 26%.
So a nation that had essentially 40 continuous years of production expansion suddenly goes into a tailspin upon changing up the monetary basis of trade suggesting that we can pinpoint the culprit. A 5 year old could pick up on this actuality. So how is it that these supposed omniscient academics at the ECB are simply incapable of seeing the blatantly obvious?
Well because the Euro is what provides them their perceived and weightless authority but we must all recognise these emporers have no clothes. If the Euro goes so too does their political power of persuasion. And this is why the negotiation is no longer between the ECB and Greece, Greece has made their intention clear, but between Germany and the ECB. Germany is the nation currently funding the ECB’s false authority.
Just to prove that the Euro induced Greek economic breakdown was not a fluke isolated to only Greece, let’s look at further proof in the pudding.
One could likely tie the massive negative global economic inflection point of 2001 to the flooding of an overvalued new currency into global markets, thus significantly further inflating assets in all other currencies, exacerbating the bubble that was already building. But that’s for another day…..
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"fuck off, we're not paying"
I wonder how well that would work if we all said that to all of our creditors (personally)..
I have yet to come up with a good reason not to. It really needs to happen.
Judging by the number of U.S. Bankruptcies - pretty well. What can't be paid won't be paId
mutually assured destruction
The Euro is hurting Greece, but Greece could also hurt the Euro (as in killing it altogether) big time. The Greeks should do just that, as a community service for the rest of Europe.
"Throw those pathetic Greek dead beats out of Europe already."
(that'll make everything mawr awesome in the world)
Gosh, seems someone wants my job around here.
Nobody wants your dumb job. There are enough nutbars around already...
Would the nutbars be the BTF Diptards?
Hey, I resemble that remark.
Your problem...
its a "tribute" to your admirable consistency...
...not to mention, repetition being the mother of all learning, I've learnt something
This is truely the smartest comment i´ve red here in weeks, my friend. And it´s not only the mother of learning, but of good propaganda.
How about Greece hurting Greece. There retirement policies are insance and unsustainable.
Yeah, blame the retirees for their "excess" while the oligarchs make off with everything else. TPTB have you right were they want you.... pointing the finger at the little guy.
The Euro was designed to do what all fiat does, concentrate wealth and power to one central location and into the hands of a few while everybody else is impoverished left holding a handful of empty paper promises. People fall for it time and time again, and they will fall for it when the SDR becomes the global currency. We are a minority stuck on a world full of retards.
If Greece can wreck it, how strong was euro in the first place?
http://www.independent.co.uk/news/business/comment/hamish-mcrae/if-greec...
So let me think about this, If Greece tells EU to go fuck themselves brings back the Drachma, devalues it heavily which would make them more competitive in the world market. But they would need someone with deep pockets to carry them along... Who could that be?
What do banks do? They enslave countries and people with debt. Then they make it difficult for the countries and people to pay off the debt and threaten to seize their assets unless they do as dictated.
It is quite a scam given that the money they create has no intrinsic value and can be created in infinite amounts at no cost.
The Euro was a vehicle for a gang of criminals to enslave the countries of Europe under their rule and threat. The lower cost countries, such as Spain and Portugal presented the greatest threat to the gang and so they had to be throttled.
I am surprised people did not realize this.
Banksters are hurting Europe and Greece.
It's both. The Euro is a bad currency, much worse than the USD in certain aspects but still a currency much harder that Greece can handle. At the same time Greece is exposing some of the flaws in the Euro/EU.
The euro is not a fucking currency.
It is a fucking coupon, or a voucher, but it is NOT a fucking currency.
It is a fraudulant ponzu inbacked peice of fucking tat, it is a pretense to a curency, as a real currency has a sovereign backing it.
This filthy scam voucher, fit only for tourists to buy condoms and rags on European holidays is utterly fucking worthless.
Not even Greece or Cyprus back this risible little fart and only the most gullible, stupid and uninformed could possibly refer to this tat, not even fit to be stuck on the back of a can of beans as a sop to buy another can, as a currency
The EU should have kicked Greece to the curb a long time ago. They still should kick Greece to the curb. It would certainly improve my view of Europeans.
This item is not up to ZH standards of objectivity. It uses well-worn statistician tricks of choosing starting and ending dates to support an invalid conclusion. Greece's budgetary failures would have brought about its economic demise just as surely if it had remained in the Drachma. The accession to the Euro only delayed the process by giving it access to more loans.
Citation: "Pre Euro Greek total production increased by some 600% between 1960 and 2001 while German total production increased by a mere 255%. Now if we think about it in footballer (soccer) terms, Greece gave the German nationals a real thrashing."
Certainly...coming up from what level.....1 tons olives to 2 tons = 100% increase.
The article
has asked:
One answer:
The history of Neolithic Civilizations for thousands of years has been based upon being able to back up lies with violence, along with matching attitudes of ignorance and fear. People are paid to agree with the biggest bullies' bullshit, and promoted to the degree that they are the best available professional liars and immaculate hypocrites. That pattern forms matching bookends between those who work inside the established systems, like the academics at the ECB, as well as within almost all of the publicly significant opposition groups.
For generation after generation, some people have specialized in being dishonest and/or violent, while other people have adapted to that by becoming deliberately ignorant. Willful blindness was a useful skill in order to be personally successful inside of financial systems based upon ENFORCED FRAUDS.
ECB academics are who they are due to the degree that they have perfected their personal abilities to be willfully blind! Meanwhile, those academics can continue to count on the vast majority of other people being similarly stupid, in peculiar ways, since they could understand, IF they wanted to, BUT, they have been conditioned to not want to understand!
The QI Elves @qikipedia 5h5 hours ago
Word of the day: MUMPSIMUS – one who obstinately sticks to their old ways or ideas in spite of evidence that they are wrong.
For all the morons, the sycophantic braying catamites, the europhanatics of the EU criminal mafia, Here is some suggested reading to get your lying distorted facts right.
Whn you cretinous morons start to begin to undrstand reality, which is that between 1960 and 2001,
Pre Euro Greek total production increased by some 600% between 1960 and 2001 while German total production increased by a mere 255%.
http://www.firstrebuttal.com/2015/06/18/are-we-to-simply-ignore-the-fact...
Charts courtesy of FRED
This IMF chart seems to say it all regarding the Euro and ClubMed:
The Failure of The Euro