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Greece: THeRe IS a ReaSoN...
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Is Hitler's illegitimate daughter wearing the 3-D glasses so that she can see the REAL last scene from 'Planet Of the Apes'?
I thought the book was better, but it would have been more difficult to translate certain concepts into a movie.
Say what you want, but how would you like to see thousands of oldpeople in front of banks crying, that probably have nothing to eat, then Russia turned them down, etc.......It might have been a choice between starvation and survival. Easier said than done when you're sitting there on your fat ass eating an entire pizza.
yeah, but consider the elites and the problem they saw years ago.
greece was filled with nobodies that had to go.
land needed to be available
and now, it is !
meanwhile, the debt, was benefiting who?
take your concerns and tell those po folk to move north, anywhere, just get out, we have an ice age looming, oops, typo,global warming looming, and that land is not for the ....well, YOU !
If you give people free stuff, they will take it. It's human nature. The Greeks are no different from anyone else. Their politicians are no different from those in any other country. The onus of Greece's debt is with the lender and they and only they should bare the pain of a haircut. That said, Greece has many rules and regulations that stymie efficiency, reduce productivity and enable slackers to live a good life. The Greeks themselves seem ok with this arrangement. Therefore a weak currency like the Drachma is perfect for Greece. When Greeks avoid taxes the government just prints more Drachma to make up the difference. This in turn will balance out the irregularities.
PS: In the future, stating you wish to become a politician may be a criminal offence.
Why do we blame the others for Greece problems?
When Greece was cooking books to be accepted in euro did anybody complain or blamed someone? No, as in Europe they know this day will come one day but since Greece is insisting to get in euro they accepted (who doesnt like to have millions of dummy slaves in the future).Today these burocrats we blame in Europe they were not around when Greece was accepted in euro, so I think everybody here in ZeroHedge should be more objective and realistic and let's accept that is totally Greece fault for today's situation. Since they like to stay in euro I don't blame anyone else but them.
!!
I NEVER KNEW that Goldman Sacks was a bunch of GREEKS!
Kool Aid
"These burocrats we blame in Europe they were not around when Greece was accepted in euro"
Mario Draghi headed up the Goldman Sachs team that cooked the books for Greece. He is now head of the ECB.
But in all fairness, EVERYBODY cooked the books to meet the Maastricht rules.
So there's that.
Oh goodie, I get to downvote you twice.
Why don't you re-ppost it again, asshole?
Why do we blame the others for Greece problems?
When Greece was cooking books to be accepted in euro did anybody complain or blamed someone? No, as in Europe they know this day will come one day but since Greece is insisting to get in euro they accepted (who doesnt like to have millions of dummy slaves in the future).Today these burocrats we blame in Europe they were not around when Greece was accepted in euro, so I think everybody here in ZeroHedge should be more objective and realistic and let's accept that is totally Greece fault for today's situation. Since they like to stay in euro I don't blame anyone else but them.
"totally Greece fault"
If you are talking about Greek citizens, that's pretty harsh.
As a US citizen, I can tell you that I and 300 million others have almost no say in what our betters will do with the power they have. Until the system implodes and a critical mass of armed forces discontinue protection for this criminal enterprise, there is not much to be done.
Anyone who disagrees with that, tell me what YOU have done, and what effect it has had.
What do you mean by betters? Do you mean the legions of psychotic golems capable of being indoctrinated into such (privileged) grotesque perverts as lurk the halls of justice, hunting for plea bargains & payoffs to satiate their emptiness? Or the advanced demolition legions of orcs that run them?
Cast not your pearls before swine, lest they rend you limb from limb and develop countermeasures.
Don't take loans.
Easy.
Because GS bribed, intimidated, threatened, the right people, until they threw their country away. You can't blame the entire populace for a decision by a few folks, whose families were being threatened!
i think no one appreciates how much service Greece does for the Eurozone, as a toxic waste dump for credit. these people cant live without selling credit (which is like sucking blood) and in the absence of any voluntary buyers Greece will have to do, they are equivalent of Fannie Mae in the American system, and even the Fed, which is a toxic waste dump for credit as well. its a new kind of carpetbagger, to run up the stars and bars one more time, as a symbol of what was good about antebellum america
Planet of the Vampire Apes, could be bigger than Star Wars
FIN - just incredible, WB.
Is the bucked tooth vampire Von Rumpuss?
Djisselboom
The reason is credit default swaps and derivatives would impale the banks on their own Teapa. Angela Dracul serves her masters. http://www.romaniatourism.net/romanian-facts/dracula-romania/
This CDS crap has gotta be the among the worst of these financial innovations. It seems like 10,000 unpunished scandals ago but remember fraudclosure?
One of the squares of homeowner litigation in that fiasco was that CDS paid off giant chunks of mortgages. They'd be getting froeclosed often by servicers with ZERO skin in the game (opertaing ultra vires as agent for undisclosed principal like MBS tranche xyz) and compel that in discovery. Servicers would motion for protective order and courts would grant ALL the time. Courts would declare homeowners "are not a party" to any of that so buzz off even if they discovered that themselves and presented in court.
So servicers wound up with millions of homes that were funded by MBS investors, whose non-performing loan pools were legally closed and paid by multiple default insurance.Imagine if you could insure your home against fire 20X over...the temptation would be great to burn the fucking thing down. Thats what happened banks burned it all down. And to think that bubble was fueled by REMIC tax incentives, the rules of which were entirely ignored. Banks never got busted on that either. The fraud is so insidious it's simply too big to believe.
At the end of the day, AIG writing all that CDS paper they could never pay out got bailed out at par! The problem for AIG's Greenberg was that Goldman's Blankfein tossed one right in his fanny and stole the bailout loot!
IMF is STILL pretending there's been no Greek default and it doesn't even matter LOL! I'm getting to think they can keep this going forever.
they say people re-incarnate, with certain traits retained...
could these be...
nevermind.
I'm always amazed how those who work under these bastards, meaning the secretaries and clerks, often claim they are the nicest people to work for, so kind, considerate and generous. Now there is a Cognitive Dissonance if ever there was one.
That's why if there is a bail-in, start with axing the bank tellers and move up.
Same reason why neighbors of a serial killer say in their interviews, "He was so nice, so quiet, he always helped me take my garbage bag out to the street," etc.
first a deflation, then a nice inflation. Hand on cousins.