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Nobel Prize-Winning Economist Demands US Taxpayers "Show Humanity & Save Greece"
When the going gets tough, the taxed get going and that is what Nobel Prize winning economist Joseph Stiglitz thinks should happen. In a Time op-ed, Stiglitz warns (likely correctly) that if Greece continues with austerity, it would be depression without end; and so his solution is simple... "The U.S. was generous with Germany as we defeated it. Now, it is time for the U.S. to be generous with our friends in Greece in their time of need, as they have been crushed for the second time in a century by Germany, this time with the support of the troika." Strawman much?
Via Time.com,
If Greece continues with austerity, it would be depression without end
As the Greek saga continues, many have marveled at Germany’s chutzpah. It received, in real terms, one of the largest bailout and debt reduction in history and unconditional aid from the U.S. in the Marshall Plan. And yet it refuses even to discuss debt relief. Many, too, have marveled at how Germany has done so well in the propaganda game, selling an image of a long-failed state that refuses to go along with the minimal conditions demanded in return for generous aid.
The facts prove otherwise: From the mid-90’s to the beginning of the crisis, the Greek economy was growing at a faster rate than the EU average (3.9% vs 2.4%). The Greeks took austerity to heart, slashing expenditures and increasing taxes. They even achieved a primary surplus (that is, tax revenues exceeded expenditures excluding interest payments), and their fiscal position would have been truly impressive had they not gone into depression. Their depression—25% decline in GDP and 25% unemployment, with youth unemployment twice that—is because they did what was demanded of them, not because of their failure to do so. It was the predictable and predicted response to the austerity.
The question now is: What’s next, assuming (as seems ever more likely) they are effectively thrown out of the euro? It’s likely that the European Central Bank will refuse to do its job—as the Central Bank for Greece, it should do what every central bank is supposed to do, act as a lender of last resort. And if it refuses to do that, Greece will have no option but to create a parallel currency. The ECB has already begun tightening the screws, making access to funds more and more difficult.
This is not the end of the world: Currencies come and go. The euro is just a 16-year-old experiment, poorly designed and engineered not to work—in a crisis money flows from the weak country’s banks to the strong, leading to divergence. GDP today is more than 17% below where it would have been had the relatively modest growth trajectory of Europe before the euro just continued. I believe the euro has much to do with this disappointing performance.
Managing the transition from the euro to the Greek euro may not be easy, but Argentina and others have shown how it can be done. The government would recapitalize the banks in the new currency, continue with capital controls, restrict bank withdrawals, and facilitate the transfer of money within the banking system from one party to another. The money inside the banking system would be slightly discounted (i.e. worth slightly less than cash—in the case of Argentina, the discount was a few percentage points for ordinary transactions). Pensioners would need to get special treatment.
Meanwhile, Greece would begin the process of debt restructuring: Even the IMF says that it’s absolutely necessary. The Greeks might take a page from Argentina, exchanging current bonds for GDP-linked bonds, where payments increase with Greece’s prosperity. Such bonds align the incentives of debtors and creditors (unlike the current system, where Germany benefits from the weaknesses in Greece).
Greece can easily survive without the funds from the IMF and the eurozone. Greece has done such a good job of adjusting its economy that, apart from what it’s paying to service the debt, it has a surplus. It isn’t even dependent on the IMF and the eurozone for foreign exchange: At least before the most recent stranglehold that Greece’s creditors had imposed, it was running a current account surplus of 1%—5% if we exclude oil exports. (What it was buying abroad in imports was 1% less than what it was selling in exports.) Especially if oil prices remain low, and if its lower “new” exchange rate attracts more tourists and encourages exports, it can weather the storm.
After Argentina restructured its debt and devalued, it grew rapidly—the fastest rate of growth around the world except for China—from its crisis until the global financial crisis of 2008. Every country is different. Economists debate about how responsive exports and imports are to changes in exchange rates. Argentina benefited from a large increase in exports as a result of the commodity boom. There are, however, some striking similarities: Both countries were being strangled by austerity. Both countries under the IMF programs saw rising unemployment, poverty, and immense suffering. Had Argentina continued with austerity, there would have just been more of the same. The Argentina people rose up and said no. So, too, for Greece: If Greece continues with austerity, it would be depression without end.
The U.S. was generous with Germany as we defeated it. Now, it is time for the U.S. to be generous with our friends in Greece in their time of need, as they have been crushed for the second time in a century by Germany, this time with the support of the troika. At a technical level, the Federal Reserve needs to create a swap line with Greece’s central bank, which—as a result of the default of the ECB in fulfilling its responsibilities—will have to take on once again the role of lender of last resort. Greece needs unconditional humanitarian aid; it needs Americans to buy its products, take vacations there, and show a solidarity with Greece and a humanity that its European partners were not able to display.
* * *
How long before this strawman becomes policy? What we have been told is a storm in a teacup by every asset manager under the sun now appears to be paniccing policymakers on both sides of the pond.
- *U.S. WANTS TO SEE GREECE WORK ISSUES OUT WITH CREDITORS: KIRBY
- *U.S. WANTS TO SEE DEBT SUSTAINABILITY IN GREECE: KIRBY
- *LEW SAYS GREECE'S DEBT IS NOT SUSTAINABLE
- *LEW: THERE IS STILL SOLUTION AVAILABLE IN GREECE
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tell that mother fucker to fuck off. the US gave the IMF how much money which greece already defaulted on? afterall, its better they default on the US taxpayer than Douche Bank!
We would first have to ruin Greece then save it. It's our way.
That guy is just looking for an ass beating!
A public admission the banks are fucked and the USD in jeopardy with a Greece default (which Greece already has, but we just won't acknowledge it yet).
I agree and to show my unwavering support for all things Greek, on my way home from the office, I will stop to buy a bottle of the olive oil and then have dinner at the diner in my neighborhood. Anyone else?
Fuck You, Joe. The EU can save themselves. Asshole.
You first, Stiggie- get your checkbook out.... Yeah, I thought so....
Stinklitz can kiss my ass!
<joseph stligliz
<Paul krugman
Who is the dumbest economist?
i fucking knew it would be stiglitz on basis of tyler's tweet alone
Why save Greece now when we can own it later ?
Pff... these silly economists.
America is in trouble too....
https://lh3.googleusercontent.com/-i56UDCYus50/VZ6MtoMAw7I/AAAAAAAAu54/c...
The wealthy are going broke folks, they are just begging for hand outs as usual, and if they get another bail out, they are clearly & openly stealing from the 99%...
greenskeeper - that is a trick question poll as there is no way to give both an up arrow and a down arrow. Both keep trying to trump the other in dumbness.
Stigshitz can borrow my nailgun...
...according to Stigshitz, you should just give it to him instead of borrow.
I'm donating the nails, the whole shit & kaboodle can be passed down to his heirs ;-)
I reckon Krugman nailed it, bomb them to talc powder, and then they'll be forced to become a country of construction millionaires, and the MIC boost will keep the USA a-chuggin. Win-Win!
He's right! Who can argue with that?
Stiglitz should get the Vanessa Lutz treatment (from "Freeway"):
https://www.youtube.com/watch?v=z6538xS8WLA
I'll date a goat.
Opa!
Bought Greek olives last week.
The Solution:
Greece first needs to declare war on the EU and the USA. Send a team of commandos to blow up a tree somewhere deep in the black forest of Germany and praise them as having led the first strike. Greek then capitulates and surrenders. NOW they can get free shit in the form of aid, not loans.
Puerto Rico, pay attention to the love here! Same with you Prez, Congress, uncontrolled agencies, Hillary (the "let PR file US bankrupcy" OPM Queen).
Yes, but what if Greece wins the war (ala "The Mouse That Roared)?
Your logic is that which used to be taught by 9th grade in USA schools (and was quite useful, by the way.).
Did we ever mention the fact that we won a Nobel Peace Prize for Man Diaper Design?
We all know what the Nobel Prize has been reduced to.
New headline:
ZWO Loser Shill Calling Himself Economist Urges US Donkeys to Work Part Time for the Greeks
Stiglitz is one of the first to recommend banning cash. He’s one of the worst behind Buiter, Piketty and Krugman.
and then they'll remove gold and silver from the periodic table
Sadly, that appears to be official US policy these days. No sarc intended.
Lead by example, Mr. Stiglitz!
Put your money where your mouth is and your mouth where the money is...
I suggest that you suck cocks all day on a street corner in Harlem for nickels and send all the money you make to the retired bureaucrats and hairdressers of Greece...
who exactly is going to bail the US out after we get done spending money we don't have on every other broke country?
That which is created out of thin air, is nothing more than an illusion- just wind.
Those who did not understand and prepare, will reap the whirlwind.
"They sow the wind and reap the whirlwind. The stalk has no head; it will produce no flour. Were it to yield grain, foreigners would swallow it up." - Hosea 8:7
Like my friend just expressed, Up yours with a nuclear suppository
jose.
You sound like an israeli.
all of USA taxpayer money is belongs to israeli.
another kike telling us.gov what to do with the volks money, unreal
Kudos! I came into the comment section with the express purpose of up arrowing the first person who put the F word in revolt of being asked to pay for Greece. Found it in the first post. Fuck Greece getting US help so it can continue to live beyond its means. We are already bankrupt ourselves.
.....from living beyond OUR means.
Public pensions much ?
Greece could go with Putin, -- is that the reason for the sudden generosity?.
Yeah, got it!! Putin should help Puerto Rico, in exchange for a military and a naval base.
Ha ha, way to go Wlad!!!
Here is Stiglitz that lying douchebag telling Hugh Hendry that Greece would be fine back in 2010.
https://www.youtube.com/watch?v=sAAnV-AolTI
Hugh also bitch slapped Jeffrey Sachs about the same time over the same issue. Sachs was involved in the z-oligarchs privatization aka looting of Russia before Putin bitch slapped them.
Here is Sachs getting all huffy as Hugh Hendry tears him a new AH over Greece. Note that Sachs and Stiglitz are "noted" professors and tribesmen.
https://www.youtube.com/watch?v=n-Uxn-0aC3c
Hugh "don't" back off beating these two lying fux. Even Gillian Trent is laughing her ass off as Hugh does some arse kicking.
Great catches, both of them.
Very interesting to see who was saying what several years ago, and compare that to where we are today.
'The Great Armageddon'. Right about that, Sachs.
LeGarde on CSPAN getting new 50% increase in resources. Planning on giving "loans" to the poorest countries at a 0% interest rate. ZERO. I need to become a poor country so I can get in on this chedder.
Funny. As long as Tyler criticized those bad EU countries that are hesitant to save Greece by using their taxpayers money, every second comment was like "fuck the euro". Now that someone talks about using US taxpayers money for the same purpose, almost every sngle comment is like "fuck that someone and Greece".
Since when does winning the nobel-prize or being an economist mean your opinion is worth a shit?
Let's get this shit straight. THERE IS NO NOBEL PRIZE FOR ECONOMICS.
It is a prize given by the Swedish Central bank in honor of Nobel. It's a booby prize.
... by the Central Bank of the socialist Mecca of Europe, Sweden
With the Nobel Prize Winner bombing 7 Muslim countries, destabilizing Ukraine and droning women and children and wedding parties, the American people have displayed not even a modicum of humanity.
Why start now?
As Hillary would put it - what difference would it make if you are droned to death or you commit suicide?
Forward.
It's not about compassion or humanity. It's about the US shitting it's pants over a Greek pivot to Russia and China. Let's see.... a nice lease payment by Russia for a military bese. Take your pick: Air Force or Naval. Then there's the pipeline deal. There should be some decent roylties from that. And then there is a 'favored Nation' trade policy for all the food that Greece can export. Did we mention the big tourism boost from both Russia and Chine? Who are both in pretty decent shape re:debt/GDP ratio. Oh, I forgot. They each are sitting on a mountain of gold while the US sits on a mountain of unbacked, debt poisoned toilet paper. Yep, it's plain to see that the US and EU have a lot more to offer. So can anybody tell me what the US Foriegn Policy has been during the last seven years of the Nobel Peace Prize winning president's term? Where is Kerry these days? So maybe he's just been playing golf since his accident or caddying for his commander in cheif.
great idea...lets print up some fresh 100's and ship them over to greece. when is this shit going to end??
When fuckers like this Stiglitz asshat start swinging from lampposts and not a moment sooner.
don't we have any long distance helicopters for the drop?
OMG!
Turkeys can't fly!
One of the funniest clips...WKRP
https://www.youtube.com/watch?v=lNh5W491l3M
Just give them the trillion dollar coin we were going to mint.
Likely it will happen.
And that aid will come with serious strings - like about that pipeline...
Air drop 4 trillion quarters.
Plenty of cash and population reduction to boot.
How about we just air drop them all our bankers, sans parachutes! Problem solved!!
This is an easy fix. JUST QE 100 Trillion and save Italy, Portugal and Spain while we are at it, that would be just 100 of Krugmans ONE TRILLION DOLAR COINS that would have to be minted and placed in the treasury. We may have some money left over to start a war somewhere. Europe saved again. Fuck, I should be Nobel Prize winning economist...
Trade DC and Wall Street for Greece and you got a deal.
"Fuck Off"
"Joseph Stiglitz"
A few of words for you... Go fuck yourself or die trying!
Wasn't Stiglitz the guy who was really good with a knife in Inglourious Basterds?
NEIN, NEIN, NEIN, NEIN, NEIN!!!
NO NO NO NO NO!
Who put him up to this? Or is he this insipid on his very own?
" If Greece continues with austerity, it would be depression without end"
If Greece continues with the Euro, it will be depression without end. FIFY
No mention of Iceland's growth since 2008....
If we're feeling philanthropic, why would we help Greece over countries who are way poorer, like countries in Africa that are fucking starving and living in what amounts to concentration camps?
Fuck off nobel-prize-winninng asshole!
FAKE nobel, from the oldest central bank in the world.
You can suck a dick
Um, a whole nation full!
This is ALL that one ever needs to know about Stiglitz re: Greece, and, in a rational world, it would disqualify him forever from again opining on the topic.
(Coincidentally, it's great fun to watch!)
https://www.youtube.com/watch?v=sAAnV-AolTI
Who is going to save the U.S tax payer you fuck?
no, he doesnt give a shit.
He merely wants to keep the Tribe's system chugging along until Moshiach returns and the Jews rule the world in accordance with their justice.
Which, of course, is no justice at all.
He merely wants to keep the Tribe's system chugging along until Moshiach returns and the Jews rule the world in accordance with their justice.
Justice? It's 'Justus'
Hahaha . Touch?
Fuck it just print up a few hundred billion and give it to them " what difference does it make "!!!
I don't think they print anymore, they're created with the 'Enter' key nowadays. It's the environmentally repsonsible thing to do.
fuck you, Sir.
https://en.wikipedia.org/wiki/Joseph_Stiglitz#Greek_debt_crisis
https://en.wikipedia.org/wiki/Council_of_Economic_Advisers#Past_chairs_a...
28 heads of the Council of Economic Advisors
only about 15/16/17 were Jewish? 2.5% of the population, over 50% of the chairs, eh?
Clearly, this proves how little power they really have.
Daz rayciss! Dem Juice dindu nuttin!
they're really good at economics because it involves lying, whoring and telling goys what's best to do with their money.
US does what Soros tells them to do/say -with US taxpayer money, we live in a Kleptatorship.
+1 for kleptatorship. The new national anthem will be composed and performed by Malia and Sasha's hip-hop band The Dick Taters!
debt restructuring my ass. i knew that's what he wanted when i first started reading that crap. fuck restructuring, default. i don't mind the usa gubbermint guaranteeing greek bank deposits up to E100K, i don't even mind sending aid. what i can't abide is paying one red cent to the maggot bond holders. fuck 'em!
Tru-dat. +1,000
he talks like he's all bent out of shape at germany but what he really wants is for usa taxpayers to guarantee german (and other eurozone) holdings of greek bonds! does he really think people can't see through that lame ass schtick?
Dear FAKE nobel prize winning eCONomist,
Go fuck yourself. Pay with YOUR OWN money! Not any of mine.
Sincerely,
-US Taxpayers
The funny thing about central banks, they don't need our permission to pass out money. They own every block, house, car, diploma, sewer project, etc. On and on and on. There is absolutely zero resistance to their diabolical schemes. The only countries that are still holding out are 'hot spots' with refugees fleeing to Central Bankistan.
Before we rush into enacting tax policy I recommend that the Clinton Foundation should be "bailed in" to assist Greece in their time of need - How could Billary say no?
Puerto Greeko.
"Now, it is time for the U.S. to be generous with our friends in Greece in their time of need ..."
Nobel prize winner? This guy is a fu.king moron.
Listen you piece of sh.t: The United States is broke!
We spend more than we produce and then the Federal Reserve counterfeits US Dollars to cover it up!
That's call stealing, theft, robbery ...
You and people like you is the reason that this country is headed for a disaster!!
Stick to simple principles: THOU SHALL NOT STEAL!!
Just another Nobel Prize "winning" fucked up douche bag POS.
Of course, then the US should also bail out Spain, Portugal, Italy, and even Venezuela, to name but a few. You just can't make this shit up.
Line up the central planners and the so called economist, UP AGAINST THE WALL!!! NOW!
The FED only has 4.5 trillion on its balance sheet. Write Greece a cheque for 300 billion. It's all digital fiat credit accounting in the end.
We should take bets as to when the "hair cuts"/"bail-ins" will come to Amerika. Makes me fucking sick.
It's so obvious and laughable that Goldman Sachs jews created the crisis (see here:http://www.realjewnews.com/?p=482 ) and Stiglitz the jew wants us goyim to pay for it. I agree with all of you here that said, "go fuck yourself!"
Speaking of jews in the news... http://www.dailystormer.com/subway-jew-scam-artist-jared-accused-of-usin...
looks like the anti-anti semite is back? Las Vegas Dave? and his imbred cousin?
Give the money to the churches for food, etc., and in limited way directly to pensioners until ther's some reasonable austerity.
DON'T BAIL OUT MERKEL.
Somehow, and I don't know how, but Stiglitz must be connected to the squid
He is.
His mouth can often be seen connected to Lloyd Blankfien's Tiny Smeckel.
he's probably worried one of the usa banks will get sued somehow.
Hey, Stiglitz.
How much prize money did you get with that Nobel?
Do us all a favor (and save yourself from hypocrisy) and hand it over to the Greeks before you ask hard-working Americans to pay for another failure of the Central Banks.
"The U.S. was generous with Germany as we defeated it"
Fucking choked on my sandwich.
So either he's ignorant of history, or he's asking us to brutally kill millions of greek civilians while stealing everything they own. I wonder which it is....
Stiglitz, can you also save my pension plan .... fuckwit.
Dear Pfr. Stiglips, I'm having a blanket party, and you're the guest of honor.
How about we just open the borders to Greeks so if they arrive on US soil like Cubans they are automatically granted residency and jobs? /s
Dont give them any fucking ideas
Fuk the eu, I am trying save my own ass down here in racist land
Nobel Prize-Winning Economist Demands US Taxpayers "Show Humanity & Save Greece"
....and should FUCK RIGHT OFF TOO!!!!
FUCKING BLOOD SUCKING LOCUSTS!!!!
Hugo would not be amused...
https://m.youtube.com/watch?v=PVLyj364wAM
Homeless Americans with no pensions living in Obamavilles all across this country, and we need to bail out Greek government pensions? WTF is wrong with this Stiglitz? Does one need to be a moron these days to qualify for a Nobel? Oh, forgot, we have one in the Oval Office.
More good jewish advice for the goyim.
One day a Jewish grandmother had taken her grandson to the beach for a play when suddenly a huge wave washed over the infant and pulled him out to sea.
The distraught grandmother fell down on her knees, and sobbed, "Please God, don't let my grandson die, please, he is my only grandson! He is the future of my family, please return him to me safely!"
Instantly another huge wave rolls the infant back onto the beach and the grandmother looks up to the sky and said, "He had a hat!" :P
deleted
Credibility of famed one ...? Has he been telling people this
http://showrealhist.com/begun.gif
so that they will watch it
http://showrealhist.com
"...as they have been crushed for the second time in a century by Germany..."
Crushed? Yea. The same way people who took out mortgages worth 120% of their home values and spent the proceeds on vacations, cars, big-screen TVs etc. were "crushed". Give me a break.
Myth!
banksters committed Fraud on the Mortgage Origination, the CDO's and the Credit Default Swaps for a cluster fuck
do some homework you should have been able to figure it out years and years ago!
If you never had an opinion about Joseph Stiglitz before, you certainly do now.
Wat is more delightfull than being generous with someone else's money, you take from them at gunpoint.
USSA Corpofascism gets ready to "save" Greece again
Greece’s Secret Armies
"In late 1944, Winston Churchill ordered a secret Greek army created to prevent leftists from gaining power, called by various names, including the Greek Mountain Brigade, the Hellenic Raiding Force, or Lochos Oreinon Katadromon (LOK). Field Marshall Alexander Papagos excluded “almost all men with views ranging from moderately conservative to left wing,” assuring its members would be exclusively hard right anti-communists.
In 1952, Greece joined NATO and was fully integrated into its stay-behind network, the CIA and LOK reconfirming their mutual cooperation in a secret March 25, 1955 document, British journalist, Peter Murtagh, later learning that:
“The Raiding Force doubled as the Greek arm of the clandestine pan-European guerrilla network set up in the 1950s by NATO and the CIA which was controlled (in) Brussels by the Allied Coordination Committee.” It was a stay-behind force against a possible “Soviet invasion of Europe. It would co-ordinate guerrilla activities between Soviet occupied countries and liaise with governments in exile.”
According to former CIA agent Philip Agee, it also served as “a nucleus for rallying a citizen army against the threat of a leftist coup,” each of several groups “capable of mobilizing and carrying on guerrilla warfare with minimal or no outside direction.”
Agee also explained that “Paramilitary groups, directed by CIA officers, operated in the sixties throughout Europe,” stressing that “perhaps no activity of the CIA could be as clearly linked to the possibility of internal subversion.”
Evidence points to LOK’s involvement in the Greek April 20, 1967 coup, one month before national elections likely to have overwhelmingly elected the left-leaning George and Andreas Papandreou’s Center Union. Under NATO’s Prometheus plan, LOK took over the Defense Ministry. Tanks rolled through Athens, and rightist forces took control of communications centers, parliament, and the royal palace, arresting over 10,000. Many were later tortured and killed.
In 1990, the socialist opposition wanted a parliamentary investigation, denied by public order minister Yannis Vassiliadis, saying there was no need to examine such “fantasies,” meaning what happened was justified."
Onward to the collap$€!
http://www.constantinereport.com/natos-secret-armies-operation-gladio/
It's really a pity the LOK didn't finish off the socialists/communists in Hellas entirely. We need an American LOK to fight the communists here at home now.
This suggestion by Stiglitz is absolutely one of the worst types of "distraction" and attempted fuckery of the American people I have ever seen. His suggestion IS NOT about Americans helping out Greeks by paying the tab. His suggestion is aimed at one goal only... ENSURING THAT THE STUPID MOFOs WHO HAVE BEEN RUNNING GOOD SHIP EARTH RIGHT INTO THE FUCKING ROCKS, THE GOD DAMNED GLOBAL BANKING MAFIA... gets paid by "somebody"... "anybody".
This suggestion is nothing more than an attempt to gain enough sympathy from the 'already strapped' American community that they might somehow get sucked into ensuring that the fucking bankers don't have to take a hit. Because God forbid... the bankers should never lose money.
YES THEY SHOULD. THOSE MOFOs DESERVE TO LOSE THEIR ENTIRE EMPIRE AND HAVE IT RETURNED TO HUMANITY.
Sorry for the CAPS... but this story just pissed me off royally. The bankers of the world are the greediest fucking pigs who have ever infested this planet. i pray they all get drawn & quartered and hung by their nuts before this is over.
Holy Cow! I thought I heard it all; guess NOT...
Stiglitz, what a nice ocasion for giving them the money of your nobel prize!
He already donated it to the new Holohoax Memorial in Topeka
Greece is spending more than it earns because the people/government choose to do so. They can just a easily choose not to do so and fix their economy. Asking other countries for continous handouts is not how to run an economy. Greece needs to work on things to trade with other countries for the things it doesn't produce locally like iPhones and condoms.
that's it:China!
FYI
Greeks do not use condoms or birth-control pills, two reasons why there are FAR TOO MANY Greeks and they all want to live off money paid out by the politicians that was defrauded/stolen from lenders.
The cheapest solution to the many problems in Greece is to simply greatly reduce the number of Greeks, which is what I would do. I would start with the communists, socialists, politicians, bureaucrats, hyper-bloated government employees, and government pensioners.
When will Americans find the courage and balls to wack all the domestic socialists and communists??????????????????????????
I'm up for a Night of the Suppressed SMG! I'd be happy to thin the herd of commies in the USA. Torch their house and kill them as they run out of the flames.
US defeated Germany? What a fucking fuck!
The Russians were just waiting in Berlin in 1945 for the US to come, oh fuck.
"The U.S. was generous with Germany as we defeated it. Now, it is time for the U.S. to be generous with our friends in Greece in their time of need"...
But Mr. Stiglitz that's not how fire sales go when banking institutions with "integrity" and the governments that represent them pillage and loot with no strings attached!
Greece is part of the empire: american? german? Will see who takes care of them....
I'd love to help Greece, but unfortunately the USA is broke as well.
Dear Greece, as an American, I would love to help out. Unfortunately, my local,
state and federal governments steal so much of my "humanity" from my hard EARNED
income (my collar is a deep shade of blue) each week, that there's simply nothing left to
give...As I was raised in such a fashion that one must WORK to EARN ones' keep as I
do.. MY self-interest and PRIDE dictates that I starve to death before accepting a handout..
perhaps you might try this philosophy, it's quite motivational..
Over to you Ben.
You cocktail for the day here its fun, watch and learn my Friend!..
the fun in cocktails is learning about them...
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{ http://bit.ly/1SbgMnZ } this one it's funny..
Enjoy it !..
Good stuff!
A Greek retiree at 52 years - "our creditors have ruined us!" Fuck off you lazy shits.
DC already has Puerto Rico to deal with.
Nothing fucking personal here asshole - but fuck you and the horse you rode in on. Greece is the EUs problem - NOT the United States'. Up yours and shut your stupid pie hole!
Yes, sure! By all means let's bail out German banks while at the same time funding Greek hairdressers' full retirement at age 55.
It is not up the the US to save Greece. They can do that themselves by just saying "No!". Which they resoundingly did last Sunday.
Good luck to you comrade Stiglitz. Makes me think of the time Hugh Hendy wiped the floor with Stiglitz. (four years ago, how did Stiflitz's remarks hold up?)
https://www.youtube.com/watch?v=sAAnV-AolTI
Obamagreece!
1. Sure, what's a couple more trillion added to our national debt?
2. While we're at it, why don't we just bail out all countries with a new Mega Dollar currency system. That way the US can pwn the entire world and the entire world's debt.
3. The end.
Stiglitz owes Ayn Rand some royalties for blatantly stealing her ideas in Atlas Shrugged.
At least he is honest enough to state who is going to get stuck with the bill.
I feel bad enough that I am bailing out the corrupt government here.
I keep posting this. I think we are going to bail it all out 2008 style. There will be an AIG parallel (the bailed out insurance company that is really keeping the banks afloat). There will be something like TARP (extra bonus points if you "force" all companies to participate so that we won't stigmatize any one company taking the funds). I keep reading and seeing shit like the above. They won't do it to keep Greece out of Russian grasp. They will do it to disguise the fact that they are saving their own asses, again. They will disguise it as "good will" and "chairity" only for the blindly moronic (that may mean most people). They will be mad, but understand.
Said in other terms
BOHICA
I thought the $16 trillion the fed gave the European banks was all about saving Greece?
Hugo Stieglitz needs to pay old joe a visit. Hopefully with his fist down his throat.
Uh, Der... Fucking Stiglitz is an IMF socialist pig who got his Nobel for coming up with schemes for central banks to get paid foreign debt from soveriegns. He needs to give back the prize and the money if he's throwing up his hands to the American people to bail out everybody.
Wait.... what about Germany's humanity? Or Dieselbooms Netherlands, or Belgium, or Luxembourg's, or UK's, or France's? Or anybody in Scandinavia if socialism is so great there?
And so what's wrong with humanity from Russia or China if that's all it is?
And, if the US bails out Greek socialism then we'll have to do it for Spain, Italy, Portugal, Ireland, and France.
No sir, this is all about keeping NATO together and collecting Goldman Sachs rents.
Joseph Stiglitz should EABODADIAF.
Why don't the banksterz "show humanity" and write off the loan(s)?