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It's Official - Greece Unveils The Negative Salary, And A Whole New Meaning For "Pay To Play"

Tyler Durden's picture





 

We thought we had seen it all. It turns out we hadn't. The country that gave the world the alphabet, philosophy, and plates with funny sexually ambiguous drawings on them, has outdone itself again. Because beginning this month some Greeks will have to pay for the privilege of having a job. From the Press Project:

Salary cutbacks (called "unified payroll") for contract workers at the public sector set to be finalized today. Cuts to be valid retroactively since november 2011. Expected result: Up to 64.000 people will work without salary this month, or even be asked to return money. Amongst them 21.000 teachers, 13.000 municipal employees and 30.000 civil servants.

Needless to say the BLS is salivating at the prospect of US workers paying for a job, as this will immediately allow them to double count said person's role in the employed part of the labor force (which incidentally has shrunk by 1% in the time it took to write this), as the money said "worker" pays can be used in the BLS hedonic models to theoretically hire many more people courtesy of fractional reserve lending. Now if only everyone would agree to pay for the joy of playing Solitaire 9 to 5, then all the world's problems would be solved.

 


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Wed, 02/22/2012 - 10:10 | Link to Comment Crispy
Crispy's picture

Slavery is now acceptable, eh?

Wed, 02/22/2012 - 10:16 | Link to Comment Ruffcut
Ruffcut's picture

It is time to sleep in. "mommy my teacher was so mad, she beat the shit out of me and took my lunch money."

Wed, 02/22/2012 - 10:22 | Link to Comment trav7777
trav7777's picture

lol, so what's the difference?  They pretended to work while greece paid them now greece pretends to pay them while they pretend to work.

Nobody's actually going to do shit when they aren't paid.

Wed, 02/22/2012 - 10:28 | Link to Comment VanillAnalyst
VanillAnalyst's picture

????? Seriously ????? These people should be working at fucking Chuck E. Cheese.

"They won't pay taxes, what should we do?"

"Oh Oh, well let's tell them we're lowering their wages, from 6 months ago, they'll understand."

Morons.

Wed, 02/22/2012 - 10:35 | Link to Comment HoofHearted
HoofHearted's picture

Dude, I just figured out how to get my house remodeled! These contractors can come in and compete to see who will pay me the most to do the work on my house. I'll let the mechanics do the same when my car needs it. Why the hell didn't I think of this before? I just don't have the genius of the Greek government, I guess.

Wed, 02/22/2012 - 11:10 | Link to Comment RopeADope
RopeADope's picture

Contractor's are already in the business of paying you to get your house remodeled. Its called competitive bidding in a destroyed economy by desperate people educated by a failing educational system. Negative margins in the U.S. are the new normal until those pesky labor rates can be crushed to third world levels.

Wed, 02/22/2012 - 11:19 | Link to Comment Harlequin001
Harlequin001's picture

Who cares? The chances of promotion have got to be huge...

Let me guess, "last one out can assume the rank of Captain and if you wouldn't mind, please turn out the lights"...

Wed, 02/22/2012 - 11:20 | Link to Comment skistroni
skistroni's picture

I love ZH for exposing the truths, but sometimes (happens often lately) in regard to Greece, picking up exaggerated stories from click-hungry media sources, takes it too far and breaks on the other side of truth.

To the point of the matter: the retroactive cuts will be reduced from salaries in a few monthly instalments. There will be no negative payslips. No-one would accept a negative payslip. 

This does not change the fact, that some monthly payments this year (and the next) will not be enough for many households to have a positive balance in the end of the month. It does not change the fact that this is already the case every month for several families.

 

Wed, 02/22/2012 - 11:27 | Link to Comment Harlequin001
Harlequin001's picture

Well Skistroni, thanks for pointing that out but humour aside, I think we kind of 'sussed it'...

Wed, 02/22/2012 - 12:00 | Link to Comment skistroni
skistroni's picture

Exaggerating things, in my book, puts someone at the same level with those who prophesize "chaos and civil war" if we default and go back to the drachma. Mental and emotional blackmailers of the people. 

To be clear, I'm talking about the original source, and not about TD. Checking outrageous stories before posting would help. On the other hand, I can't think of any story coming out of Greece these days that is NOT outrageous...

Wed, 02/22/2012 - 12:11 | Link to Comment Harlequin001
Harlequin001's picture

I take it that you are a Greek and in that you have my symapthies. Whilst I understand what you say, there is no way anyone can take this headline seriously in my view.

I've been to Greece on a number of occasions, lovely place and very friendly people, it is an absolurte shame what is happening over there. The problem is that it is cioming over here, wherever 'here' is...

and whilst yes a bit of checking wouldn't go amiss, I don't think anyone here takes everything that's posted in all due severity. Some of it is just so wild as to be funny...

Wed, 02/22/2012 - 12:41 | Link to Comment Pinto Currency
Wed, 02/22/2012 - 13:40 | Link to Comment newworldorder
newworldorder's picture

Pinto Currency;

If your source is correct and for these 2 reasons alone if nothing else, the Greek people should rise up and revoke the citizenship of any politician who voted for this treasonous act. That the EU should steal from a member country retroactively, without allowing CDS protections to be invoked and without haircuts for the ECB, IMF and other entities is an atrocity on the soul of a people.

Yes, the Greeks are partly responsible for their financial problems, but the greater responsibility rests with the EU, ECB and the enablers of worl wide ponzi schemes, - our very own Squid, who is enjoying the full protection of the FED and the US Congress.

Wed, 02/22/2012 - 14:05 | Link to Comment TruthInSunshine
TruthInSunshine's picture

They should introduce the pay-to-work model to approx 70% of federal, state and local units of government in the U.S.

That would save hundreds of billions in taxpayer money each year, make government almost as efficient as private enterprise, and only leave those who actually work and want to produce left at offices of The Department of FUBAR and The Secretary of BOHICA.

Wed, 02/22/2012 - 13:18 | Link to Comment matrix2012
matrix2012's picture

Many Asian people who experienced the Asia Crisis in 1997 will pretty much understand  the current crises and dire situation in several Southern Europe with Greece as the 1st falling victim. Russian folks who experienced the 1998 ordeal will comprehend this situation as well. 

I wonder if Greek people will eventually take this severity peacefully (in relative speaking) as more and more austerity acts are to be implemented, given their awareness on who are the culprits/accomplices (internally) and the banksters who throw them into the black hole (externally).

 

Wed, 02/22/2012 - 13:47 | Link to Comment Harlequin001
Harlequin001's picture

I moved to Asia just after the crisis and it was stunning to see the time warp that was suspended building projects and uncompleted roads. That was a blip, and what comes next will be truly horrible because this time there is no IMF to bail anyone out with cheap loans...

Someone somewhere is going to take the only option left available to him/her and take these people out. When they do we will probably label them as a nut, just like we always do... that's what the media is for, to give us our opinion is it not?

What is coming will be worse by orders of magnitude...

Wed, 02/22/2012 - 14:37 | Link to Comment skistroni
skistroni's picture

Point taken. I appreciate your post. Sorry, but it's difficult not to be bitter these days over here.

Wed, 02/22/2012 - 14:43 | Link to Comment Cathartes Aura
Cathartes Aura's picture

@ Harlequin001:

I've been to Greece on a number of occasions, lovely place and very friendly people, it is an absolurte shame what is happening over there. The problem is that it is cioming over here, wherever 'here' is...

"here" is wherever "there" has been.  . . these policies, via IMF and other globalist overseers have been exported to other nations for decades now, and amrkns for the most part have been oblivious, out shopping & playing - as long as it's "over there" what's the problem?

as you say, "the problem" is the global story is being read to amrka soon, as the circle closes. . . what goes around. . .

Wed, 02/22/2012 - 12:27 | Link to Comment dark pools of soros
dark pools of soros's picture

if you want real reporting go to the onion

Wed, 02/22/2012 - 12:54 | Link to Comment Ghordius
Ghordius's picture

skistroni, thanks for the input - I appreciate very much your spirit on the exaggeration of facts - and yes, facts about Greece these days are outrageous enough.

I find interesting your comment "if we default and go back to the drachma", would you be so kind and expand your view on this?

Wed, 02/22/2012 - 16:03 | Link to Comment skistroni
skistroni's picture

I'll just say we will make it through. Need produces arts, as an ancient saying goes.

Wed, 02/22/2012 - 11:29 | Link to Comment prains
prains's picture

This does not change the fact, that some monthly payments this year (and the next) will not be enough for many households to have a positive balance in the end of the month.

 

still sounds like fractional reserve working to me

Wed, 02/22/2012 - 11:29 | Link to Comment redpill
redpill's picture

Soon the only job left in Greece will be rioter.

Wed, 02/22/2012 - 11:46 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

I would not want to be a foreigner restaurant patron in Athens wihile wage-slashed Georgios cooked up his phlegm special souvlaki.

Wed, 02/22/2012 - 12:53 | Link to Comment Leopold B. Scotch
Leopold B. Scotch's picture

Note to Germans: Avoid Greece the next few holiday seasons...

Wed, 02/22/2012 - 12:55 | Link to Comment tabasco71
tabasco71's picture

Give it a break... tourism is about all this country has left... don't start hobbling that too

Wed, 02/22/2012 - 13:45 | Link to Comment Going Loco
Going Loco's picture

I don't think many people will want to come to Greece this year in view of what is likely to be the ongoing newsflow.

Wed, 02/22/2012 - 12:24 | Link to Comment RopeADope
RopeADope's picture

I am surprised we have not heard of the Greek social media platform IPO Macebook. All Macebook would need is to sell $100 million worth of private rioter information to local law enforcement authorities to justify a $50 billion market cap. If Macebook was secretely funded by the state all of the IPO proceeds could go to payoff the banksters. Further riots would ensue after the bankster payoff and Macebook would book enough additional revenue to justify a $20 billion secondary offering at 1000x TBV.

The growth potential of Macebook would be staggering with potential markets in Italy, Spain, Portugal, Germany & France.

Wed, 02/22/2012 - 12:54 | Link to Comment Sudden Debt
Sudden Debt's picture

As long as they pay taxes on the loot!

Wed, 02/22/2012 - 11:06 | Link to Comment GeezerGeek
GeezerGeek's picture

"They won't pay taxes, what should we do?"

If some of them have to return excess wages already paid, will they get a tax credit? Will they get tax refunds even if they didn't pay taxes in the first case?

Imagine if this were tried in the U.S., with all those overpaid government employees. Income tax revenues might even go negative. Nah, Obama relies on government workers (especially unionized ones) for political support. No way he'd allow this sort of clawback.

Wed, 02/22/2012 - 12:26 | Link to Comment Terminus C
Terminus C's picture

government employees don't pay income tax.

How can you pay income tax on pay derived from, among other things, income tax.  People don't get it, no government employee should pay income tax (on wages earned from public employment), their pay should be set to whatever level is deemed appropriate for that job (not getting into the public employee remuneration debate here).  The extra cost of administering income tax of all gov't employment is wasteful to say the least.

Wed, 02/22/2012 - 12:55 | Link to Comment donsluck
donsluck's picture

So, let's add more complexity to the tax code, an exclusion for goverment employees. This would mean:

Each government employee would have to do a special calc to determine their tax equivalent pay.

Citizens would complain "they don't even pay taxes!"

How would you account for additional sources of income? Since your wage would not be included in the total, your overall rate would be lower.

Sounds like this would accomplish the opposite of what you're after.

Wed, 02/22/2012 - 10:41 | Link to Comment silverbullion
silverbullion's picture

You've got no idea what you're talking/writing about my friend. There are many hard working people in Greece and also a bunch of lazy people, like in most other countries, including the U.S., but to generalize like that and to kick decent people when they're down is criminal. Don't let me develop the same kind of hatred for you that I have developed for the ones that have caused all of this in the first place... those parasites who sit idle by the fire place while hard-working, decent people suffer.

Wed, 02/22/2012 - 10:47 | Link to Comment ElvisDog
ElvisDog's picture

Really. Didn't 1.5 million (or so) Americans apply for disability payments last year based on "mental conditions"? We are quickly catching up to Greek levels of graft, fraud, and playing the system.

Wed, 02/22/2012 - 10:59 | Link to Comment AbruptlyKawaii
AbruptlyKawaii's picture

lol just tarp was 2x the size of greece gdp, madoff a 1/6th, aig 50%, etc etc  we thin gin.

Wed, 02/22/2012 - 11:15 | Link to Comment Dr. Engali
Dr. Engali's picture

Your avatar is way too small. Even with this big ass eye I can't see it,and that is a shame.

Wed, 02/22/2012 - 11:19 | Link to Comment silverbullion
silverbullion's picture

Sorry my friend, but I cannot argue with fools. I apologise for my comment, but that's the truth. It is comments like yours who are designed to destroy honorable brotherly love and true Christian unity.

Wed, 02/22/2012 - 12:36 | Link to Comment nope-1004
nope-1004's picture

First you said:

Don't let me develop the same kind of hatred for you that I have developed for the ones that have caused all of this in the first place

Then you said:

comments like yours who are designed to destroy honorable brotherly love and true Christian unity

So is developing hatred toward another Christian?  Oh,,,,, I'm confused.  That's the problem with judging... We're ALL sinners.  So stop blasting someone elses faults when you do exactly the things you despise.

Wed, 02/22/2012 - 13:02 | Link to Comment Leopold B. Scotch
Leopold B. Scotch's picture

Well... Let's be clear, now... If the Greeks were, net-on-net, a productive country, they'd not be saddled under so much debt.  Generalizations be what they may, and many hard working people are suffering, but since the West has slouched into Democracy, the people of Greece have voted for and gotten exactly what they voted for, and now it's come to them good and hard.

The majority allowed for it to happen through their voting. And they define Greece.

The U.S. devolves, and quickly follows suit.

Nice Chart:

**  Nearly Half of American Citizens don't pay any income taxes  **

You get what you vote for.  Government's great when it don't cost nuthin'.... Until the bills for all those free Gyro lunches come due.

Wed, 02/22/2012 - 13:32 | Link to Comment Kali
Kali's picture

Dan Walker thinks US will be Greece in two years.

http://www.moneynews/StreetTalk/Walker-US-Greece-debt/2012/02/21/id/430057

Wed, 02/22/2012 - 13:55 | Link to Comment matrix2012
matrix2012's picture

Leopold, the holy Democracy that you mentioned is quite abstract, and seems to be ideal only in theory!

i wonder what to choose in case of the USA? with only two sides: the left arm or the right arm... of the same body belongs to the same master???

Do people really have a true choice? The same CAREER representatives who get elected over and over for 2-3 decades or even longer???

Furthermore, people do NOT vote for the Chief candidates directly... the party is doing the filtering!

 

not to mention about the questionable reliability of Diebold E-Voting machines!

There are simply too many holes inside the Holy DemoCracy you're boasting here. 

Not sure about the Greek case, whether they truly have the choice or not.

 

Two relevant quotes here:

“When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it.” — Frédéric Bastiat (1801-1850)

 

“Western democracies are ossified bastions of self-perpetuating interest groups, aided & abetted & legitimitised by the ritualised spectacle that we call elections” — Unknown Indian author

 

 

 

Wed, 02/22/2012 - 13:54 | Link to Comment silverbullion
silverbullion's picture

@nope-1004 You're using my words out of context... if you have any sense you will see that I am 100% for Christian unity, Christian unity in the true sense of the word. It is not a unity that comes at a cost to His Word... there can for example be no peace between so called 'Judeo-Christiany' and true 1st Century primitive Christianity.

I am not judging anyone in the sense that you claim, but are repeating the just judgements of the Most High. I am not using my own personal standards, but that given by the Most High. I am just a servant and not trying to sit in His Throne, like those who falsely claim that we may not judge or repeat His just judgements, those who make up their own rules. If I did that, I would make the kind of judgement that He absolutely hates. Yes, we have all sinned, but that doesn't mean that we have been commanded to embrace sin forever. We are commanded to be perfect, like He is perfect. In one's own power, it is impossible to do that or to please God, but when He enters and we allow Him to do works of power through us, we can indeed be perfected based on the standard of His Word, so that we can join the spirits of just men made perfect when we die the physical death (enter the sleep) here on earth. We however remain in jeopardy until our last days here on earth and can easily fall away by the way side if we allow the Diabolical One to deceive us and steal us away. I hope this makes sense to you... To explain it by using an every day example. When a speed cop writes a fine for speeding, are you going to tell him not to judge? Hell no! You won't, because you know he is a servant of the government and has not made the rules/laws. He is just helping to enforce it, because logic dictates that with the right equipment it is indeed possible to accurately determine whether someone is speeding (or going over the legal speed limit) or not. Now why should it be any different when it comes to God's servants and the just judgements contained in His Word?

I should add: The God of the Bible is a god of absolute hatred and absolute love. One cannot be a follower of Him if you love His enemies and His love is different from the love as defined by the world.

Wed, 02/22/2012 - 15:11 | Link to Comment dogbreath
dogbreath's picture

oh-boy

Wed, 02/22/2012 - 12:59 | Link to Comment Baleful Runes 4 U
Baleful Runes 4 U's picture

bankers etc love meek christians

http://www.youtube.com/watch?v=AtHCGj8UNMQ

Wed, 02/22/2012 - 12:59 | Link to Comment donsluck
donsluck's picture

You can count me out of your "Christian unity" crap. Who do you think you speak for? ONLY YOURSELF.

Wed, 02/22/2012 - 14:07 | Link to Comment silverbullion
silverbullion's picture

@donsluck I am not taking any offense. You have the right to reject what you call our "Christian unity crap". No Christian is going to force you to join us. True Christianity has always been about quality instead of quantity.

Wed, 02/22/2012 - 11:10 | Link to Comment Real Estate Geek
Real Estate Geek's picture

I'm betting that there's a pretty high corelation between those apps and those who have exhausted unemployment benefits.

Wed, 02/22/2012 - 12:23 | Link to Comment Havana White
Havana White's picture

ElvisDog... The "mental conditions" you must be talking about, their degree of severity necessary for collecting Social Security disability insurance, and the evidence required to support such a claim can be found by searching "Disability Evaluation Under Social Security 12.00 Mental Disorders - Adult".  Elsewhere on that site you can learn the degrees of severity necessary for disability insurance qualification by those with "conditions" such as cystic fibrosis, chronic anemia, degenerative diseases, lymphomas, epilepsy, lupus, and so on.  Dumb cunt.

Wed, 02/22/2012 - 18:58 | Link to Comment StychoKiller
StychoKiller's picture

How nice!  Is the website called "Gaming the Social Security system for Dummies?"

Wed, 02/22/2012 - 10:54 | Link to Comment mc_LDN
mc_LDN's picture

It' just the same shit different day
we pretend to work while they pretend to pay
daydreamin' all day after day
every minute, every hour, that I'm spending awake

 

GroundHog Day - Cee Lo Green

Wed, 02/22/2012 - 11:20 | Link to Comment DaveyJones
DaveyJones's picture

Sure, the citizens' theft, graft and laziness far exceeds their corrupt bankers and politicians. Once again, you oversimplify human groups lumping "teachers" in with other "lazy" government workers. Your posts alone often demonstrate that many are unsuccessful at the challenging but essential task. 

Wed, 02/22/2012 - 11:58 | Link to Comment knightowl77
knightowl77's picture

Most public school teachers are just that...lazy

The ones I have seen in the last year, getting their credentials are smelly, dirty and have multiple facial piercings...I shudder to think what their classrooms will be like...

Wed, 02/22/2012 - 13:05 | Link to Comment donsluck
donsluck's picture

It has been my observation that the biggest problem with public school teachers is that they work well beyond their Contract. My wife is supposed to work 8:30 to 3:30. If it were me, that is all I would work. If the education falls apart, fuck 'em. If they want more time out of me, PAY ME. If you tried to treat a grocery store like a teacher, you would buy a sack of flour, bake until it runs out, then demand another half sack from the store for free, since, hey, you're not done!

Wed, 02/22/2012 - 13:36 | Link to Comment LoneCapitalist
LoneCapitalist's picture

People who work at grocery stores dont get summers off, pensions, healthcare, etc.

Wed, 02/22/2012 - 14:33 | Link to Comment DaveyJones
DaveyJones's picture

We have all had teachers who suck and are lazy, we have all had teachers who made a lifetime impression on us and are worth far more than their salaries. The same can not be said for our bank tellers. That's not the question...nor is it the problem. The problem is of course "the system" and of course "the government." The centralization of ideas, the corruption, the book publishing collusion with those high up to present one whitewashed version of something has little to do with the young fourth grade instructor trying to focus forty young minds. 

Most people admit great "teaching" is not only one of society's most important function, it is a barometer of its health. Tyler is a teacher. Teaching is not measured in dollars alone but to say dollars are irrelevant when measured up against other valued "professions" makes just as little sense. That's why we click Tyler's Ads. If anything, great teaching is one of the most challenging and complex arts there is. If anything Tyer represents one of the ways out of this mess, independent thought both in the presenter and the message they present. And for the institution of teaching, that will only come with a tear down of administration, control and centralization...and the bloated salaries of school boards. 

I do find it amazing and depressing that society is quickly moving to make secondary education unreachable by the middle class be it the exploding tuitions or any other factor. At the same time, these once public insistutions are turning more and more on corporate funding which with it comes the disgusting control of the "studies" be they Genetically modifed food, animals or financial instruments and "analysis."

In the end teaching and schools are just another indicator of our social and political health. No wonder things look so pathetic.     

 

Wed, 02/22/2012 - 19:01 | Link to Comment StychoKiller
StychoKiller's picture

Hmm, who "decided" that educating children should be a govt function?

Wed, 02/22/2012 - 11:26 | Link to Comment TDoS
TDoS's picture

Trav, youre the most ignorant, authoritarian bootlicker who posts on this site.  How many people do you know in Greece?  When was the last time you were in Greece?  What the fuck do you know about the people there?  Then shut the fuck up!

Wed, 02/22/2012 - 14:28 | Link to Comment 4horse
4horse's picture

economy and ontology

    coming-to-terms

 

as in, left, bereft, handing-over one's Being ____   Dasein
whereby, present-to-hand, dasein is used______   vorhanden
                                           reduced to
zeug;a piece of equipment: if, and only, of use___ zuhanden

 

specifically, in this case, Greeks'inexistence
that is, Greeks coming-to-terms with inexistence

wageslaves work toward what won't work
for them

 

until, Being, a slave becomes an object
involuntarily or not agreeing to not be otherwise
whereby, from here-on-inperpetuity neither Dasein nor vorhanden

thereby, zuhanden, soon used up even of being, taken-for-granted, may perhaps be still thought of as being-in-the-world, only never again in its world

unless thought of, being used, by a Superceding Being whose world it is

and wherein what tool or piece of equipment used is totally subjected to those reasons of that superceding use

thus, whether or not of use, optional, more than objectified lies the matter of being de-subjectified by what's thought by such a Superceding Being
 
  goof
Proof:
          useless: no use. no meaning. no being
          ____ produce ___
          who produces use

                                  ie. widget  eg. auto
                                      people   eg. greeks
                                                               et al.     euro
                                                          inter alia      eu {deGenerative PIIGS; portuguese, italian, irish, greeks, spanish -and by extension, mexican. or chinese. filipine. peon. piston, et cetera. machine. people

do people produce products if, no/products, people themselves are non/products

                                             auto. immaterial

profits
financial

financial product:  nonwidget. inauto

for, means-to-an-ends widget = profit there are no products, only profits
product: indifferent
people:  inexistent

 .
.  .   greek: arch. obs. home of pre. philo-, demo-, suff. -sophy, -cracy; love. people. wisdom,ruling. meaning, neither Dasein, vorhanden nor zuhanden, only perhaps once-upon-a-time having sown seeds of own inexistense

 

Heidegger Defied, as opposed previously Deified, as Dasein finally finds itself handing vorhanden, over to zuhanden, into 000000000000000000s, whereby dasein only counts if one is 1 fronting nothing

                                                                                                           and/or handling money

Wed, 02/22/2012 - 10:23 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

Liberals have been warning about the lack of welfare spending and jobs programs for decades, and now we are finally being vindicated. This atrocity is the fault of libertarians who advocated cutting spending too much and too fast. Now the Greek people are paying the price for this poor economic policy.

Wed, 02/22/2012 - 10:29 | Link to Comment Dr. Engali
Dr. Engali's picture

Come on MDB you can do better than that.

Wed, 02/22/2012 - 10:56 | Link to Comment Hugo Chavez
Hugo Chavez's picture

The troll is weak within him.

Wed, 02/22/2012 - 11:03 | Link to Comment cossack55
cossack55's picture

More like it is hard to out-satarize the "official" bullshit.  The gubmints have pros working on their BS.

Wed, 02/22/2012 - 11:49 | Link to Comment ShankyS
ShankyS's picture

MDB do you work for the BLS or the NAR? If not you would fit in prefectly. 

Wed, 02/22/2012 - 10:31 | Link to Comment Calmyourself
Calmyourself's picture

Exactly, MDB fire up those electronic presses and stimulate..  Get those traders back in here, turn those machines back on..  Mortimer is your new handle..  Tyler trots you out on slow news days, I love it, off to work..

Wed, 02/22/2012 - 10:40 | Link to Comment francis_sawyer
francis_sawyer's picture

That's low grade trolling... We're docking your salary... The proceeds will go to the Ron Paul 2012 campaign...

Wed, 02/22/2012 - 10:44 | Link to Comment duo
duo's picture

MDB, you must be from the generation that got a trophy for just participating, that got  "B"s on tests for just writing your name.

The shrink's offices are filled with these younguns, because in the real world they are not special, finishing 2nd or 3rd isn't good for much, and for the first time they are told they are not good at something (or even suck at it).

Believing everything the media tells them is a symptom of this malaise.

Wed, 02/22/2012 - 11:07 | Link to Comment battle axe
battle axe's picture

MDB is joking....that is what he does...

Wed, 02/22/2012 - 11:22 | Link to Comment DaveyJones
DaveyJones's picture

yup

Wed, 02/22/2012 - 11:48 | Link to Comment duo
duo's picture

but he parrots the MSM POV with such conviction!

Wed, 02/22/2012 - 11:02 | Link to Comment Ethics Gradient
Ethics Gradient's picture

Just in case a socialist uses your trolling to reinforce their personal beliefs, I would like to suggest that the issue has more to do with competitiveness. The Greek economy can't produce anything that anyone wants at the price they have to charge for its production. That's the Euro's fault. It's too late now though. It'll be catastrophic for them now regardless.

What's that coming over the metaphorical hill? Is it a tank?

Wed, 02/22/2012 - 11:02 | Link to Comment Chump
Chump's picture

To do this properly (and you know how to do it properly, don't pretend) you have to take something that's seemingly true and spin it to the absurd.

Even the retards you're parodying know we haven't cut a dime from anywhere in any welfare program.  Spending on entitlements has been on a rocket ship for decades.  You risk having your mask slip when you call it in like this.

Wed, 02/22/2012 - 11:09 | Link to Comment fingulas
fingulas's picture

Obvious troll is obvious.

Wed, 02/22/2012 - 11:11 | Link to Comment fingulas
fingulas's picture

Dupe Post...did not press button twice..

Wed, 02/22/2012 - 11:20 | Link to Comment ExpendableOne
ExpendableOne's picture

It's a "bernanke" post.  Twice the noise, half the value.

Wed, 02/22/2012 - 12:16 | Link to Comment JPM Hater001
JPM Hater001's picture

"This atrocity is the fault of libertarians who advocated cutting spending too much and too fast."

It was me...My bad.

"Game On" the banker was heard to yell.

Fri, 03/16/2012 - 07:33 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

What was cut? Foodstamps usage is up, unemployment is higher than ever before (in dollars paid out) and these people in excessive poverty are ON welfare not all sitting idle without it - those in tent cities are the other group, of course. Pretty sure you need an address to get welfare.

There's no libertarians in charge of anything. Trying to blame them is nonsense. They have no offices, no power, no control.

Nope, sorry, not MDB enough. Just 1 calorie. I shall dub thee ... mini-B until you can improve your trolling skills

Wed, 02/22/2012 - 12:08 | Link to Comment Silver Bug
Silver Bug's picture

This is even worse than slavery! At least as a slave you don't have to pay your masters.

 

http://ericsprott.blogspot.com/

Wed, 02/22/2012 - 10:19 | Link to Comment MinnesotaMD
MinnesotaMD's picture

Serfdom is more like it.

Wed, 02/22/2012 - 10:20 | Link to Comment GOSPLAN HERO
GOSPLAN HERO's picture

The glory of socialism!

Wed, 02/22/2012 - 10:28 | Link to Comment crawldaddy
crawldaddy's picture

socialism for THE BANKS, thats what you miss, this is about the banks getting paid when they should be getting fucked.

 

 

Wed, 02/22/2012 - 10:31 | Link to Comment SheepDog-One
SheepDog-One's picture

Last desperate gasps of a dying system! Hey the people know how to crush the banks, same as any other parasite! DO IT!

Wed, 02/22/2012 - 10:38 | Link to Comment HoofHearted
HoofHearted's picture

Anyone else figure out this Ponzi yet?

I'm going to take 50 jobs where I get paid nothing. Then I'll let those jobs go to the person that is the highest bidder. Whoever makes the highest bid will get to go and represent me in that job. Then, I can play solitaire all day while getting paid to do 50 jobs. Now I'm starting to think like a bankster!!!!!

Wed, 02/22/2012 - 10:42 | Link to Comment Rynak
Rynak's picture

There is a too much debt, because there isn't enough debt.

There is a shortage of workhours, because people aren't working enough.

There is a lack of purchasing power, because people are too greedy.

There are too many contradictions, because there aren't enough contradictions.

Wed, 02/22/2012 - 10:49 | Link to Comment Mesquite
Mesquite's picture

There's a career waiting for you in politics...

 

Wed, 02/22/2012 - 13:49 | Link to Comment Going Loco
Going Loco's picture

..... or religion.

Wed, 02/22/2012 - 10:39 | Link to Comment Eeyores Enigma
Eeyores Enigma's picture

You can still come to work, we aren't going to fire you, but from now on you have to pay us instead.

Wed, 02/22/2012 - 11:30 | Link to Comment Nothing To See Here
Nothing To See Here's picture

Nothing new here actually. Trust me, I know people in the U.S. who work in the public sector (municipal and state level) and who have already been asked to work for free for months.

Wed, 02/22/2012 - 13:31 | Link to Comment Matt
Matt's picture

Why wouldn't they just spread out the clawback out over a year or two, so it just comes as a deduction off each paycheck, rather than trying to take it all at once?

I mean, I understand that fundamentally, it is because they are incompetant, but still ...

Wed, 02/22/2012 - 14:34 | Link to Comment viahj
viahj's picture

because the banks must be paid NOW!  the ponzi won't last "a year or two" at this rate

Wed, 02/22/2012 - 10:43 | Link to Comment Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

"I will work harder!"

- Boxer

Wed, 02/22/2012 - 10:53 | Link to Comment snowball777
snowball777's picture

“it was the first time that they had ever seen Benjamin excited—indeed it was the first time that anyone had ever seen him gallop”

Wed, 02/22/2012 - 11:03 | Link to Comment Jay Gould Esq.
Jay Gould Esq.'s picture

Technically, peonage.

Wed, 02/22/2012 - 10:22 | Link to Comment Martin W
Martin W's picture

Of course!

Wed, 02/22/2012 - 10:24 | Link to Comment Gully Foyle
Gully Foyle's picture
Bob Dylan performs "Maggie's Farm" with Willie Nelson and Tom Petty at Farm Aid in Champaign, Illinois on September 22, 1985. https://www.youtube.com/watch?v=hyZS0aCIYIk

 

Maggie's Farm

I ain’t gonna work on Maggie’s farm no more
No, I ain’t gonna work on Maggie’s farm no more
Well, I wake in the morning
Fold my hands and pray for rain
I got a head full of ideas
That are drivin’ me insane
It’s a shame the way she makes me scrub the floor
I ain’t gonna work on Maggie’s farm no more

I ain’t gonna work for Maggie’s brother no more
No, I ain’t gonna work for Maggie’s brother no more
Well, he hands you a nickel
He hands you a dime
He asks you with a grin
If you’re havin’ a good time
Then he fines you every time you slam the door
I ain’t gonna work for Maggie’s brother no more

I ain’t gonna work for Maggie’s pa no more
No, I ain’t gonna work for Maggie’s pa no more
Well, he puts his cigar
Out in your face just for kicks
His bedroom window
It is made out of bricks
The National Guard stands around his door
Ah, I ain’t gonna work for Maggie’s pa no more

I ain’t gonna work for Maggie’s ma no more
No, I ain’t gonna work for Maggie’s ma no more
Well, she talks to all the servants
About man and God and law
Everybody says
She’s the brains behind pa
She’s sixty-eight, but she says she’s twenty-four
I ain’t gonna work for Maggie’s ma no more

I ain’t gonna work on Maggie’s farm no more
No, I ain’t gonna work on Maggie’s farm no more
Well, I try my best
To be just like I am
But everybody wants you
To be just like them
They sing while you slave and I just get bored
I ain’t gonna work on Maggie’s farm no more

Wed, 02/22/2012 - 11:22 | Link to Comment jwoop66
jwoop66's picture

Ah, the spoiled children of privilege raging against their benefactors.  Angry Harvard brats. OWS baby!  

Adorable.    Nice grooves though.

Wed, 02/22/2012 - 12:43 | Link to Comment snowball777
snowball777's picture

Were the white brats of the SDS any less privileged?

Does privilege prevent one from recognizing the machine?

Don't worry; kids'll keep signing up to die, parents'll keep watching their jobs go out to sea, etc ad nauseam

There just won't be as many malls or real-estate agents...they'll look great at the remaining hot-dog-on-a-stick in the foodcourt though. Adorable.

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

 

Wed, 02/22/2012 - 10:38 | Link to Comment GolfHatesMe
GolfHatesMe's picture

Only when it is retroactive

Wed, 02/22/2012 - 10:45 | Link to Comment francis_sawyer
francis_sawyer's picture

 Slavery is now acceptable, eh?

Well, either that, or it could also mean that William Foster is now ECONOMICALLY VIABLE...

http://www.youtube.com/watch?v=GoLtqIqGAz8

Wed, 02/22/2012 - 10:51 | Link to Comment TheSpiritOfTheTimes
TheSpiritOfTheTimes's picture

yes, and slavery is what you will now pay for! The slaves paying their masters! Genius!

Wed, 02/22/2012 - 12:33 | Link to Comment Terminus C
Terminus C's picture

The slaves always paid the master.  Why do you think the institution of slavery has been around for as long as humanity?

Wed, 02/22/2012 - 11:00 | Link to Comment battle axe
battle axe's picture

Coming to America any day now, or is it already here?

Wed, 02/22/2012 - 11:24 | Link to Comment midtowng
midtowng's picture

Of course. People forget that slavery was invented by capitalists.

Wed, 02/22/2012 - 12:44 | Link to Comment snowball777
snowball777's picture

Throw another Indonesian on the fire and bring me something orange to wave around.

 

Wed, 02/22/2012 - 12:57 | Link to Comment midtowng
midtowng's picture

I recently read a book about the Haitian Revolution. What was interesting was that there were three sides to the brutal struggle: the white, imperialist slaveholders, the black slaves (with a short period of time that Revolutionary France fought with them against the invading army of Britain), and the mulattos.

   It's the mulattos that are most interesting because, being former slaves and second-class citizens even in the best of times, they often fought on the side of the slave-owners because they were also slave-owners. Thus they were willing to accept second-class citizenship and the threat of being returned to slavery in order to "protect their property" (i.e. owning slaves). Interesting what people will do for capital.

  It's also interesting how many people downgraded my comment above for pointing out that slavery is an age-old capitalist tradition. Capitalism didn't rid us of slavery. Anti-capitalist forces did. Capitalism fought to protect slavery too the bloody end.

Wed, 02/22/2012 - 13:50 | Link to Comment Shizzmoney
Shizzmoney's picture

Very astute post, especially on the captialism point.  People probably believe that well-do-to unions built the first White House.

It's interesting they don't teach you about the Haitian Revolution in school.  It's probably one of the most interesting, and relevant, to what may potentially happen here, once shit hits the fan.

They'll teach you about slavery, but won't teach you about the black slaves who (once they got training from the French to fight off Britain) rose up against their masters and to this day, are the only slaves to actually succeed in kicking out their oppressors (without help).

BTW, those Haitian soldiers were SAVAGES.  They really did a number on the French Infantry (although not saying much, considering how much debt that army was in under Napoleon).

Wed, 02/22/2012 - 16:53 | Link to Comment CompassionateFascist
CompassionateFascist's picture

Actually, the blacks massacred the whites. Period. Which is why Haiti is to this day a permament political-economic sinkhole. Like every other black-ruled tribal "nation".

Wed, 02/22/2012 - 12:49 | Link to Comment Ghordius
Ghordius's picture

"People forget that slavery was invented by capitalists" correct

and improved on by socialists

Wed, 02/22/2012 - 13:01 | Link to Comment midtowng
midtowng's picture

I'm curious where is an example of this?

For instance, there is actual modern-day slavery going on in this world. Millions of poor children working in conditions of slavery around the world today. All of them that I know of working for capitalists.

Where are the ones working for socialists?

Wed, 02/22/2012 - 13:17 | Link to Comment Ghordius
Ghordius's picture

well, I was thinking about the gulags of the dear old Soviet Union or the factories like those of foxconn in China

of course you can throw the nazis (being national-socialistic) and put the concentration camps in the pot

my point was more on the personal relationship of classical slavery vs. the systematic slavery of some systems - but yes, as long as there are millions of slaves on the planet it's not a laughing matter at all

I understand the libertarian position on this is that slave labour is not very efficient and so it's automatically displaced by free labour - I'm not sure about this at all...

Wed, 02/22/2012 - 15:00 | Link to Comment midtowng
midtowng's picture

I'll grant you the gulags. But present-day China and Nazi Germany aren't/weren't really socialist. Way too many capitalists making huge bucks for that.

Wed, 02/22/2012 - 13:26 | Link to Comment Ace Ventura
Ace Ventura's picture

Where are your examples of slavery in a free-market capitalist environment?

Wed, 02/22/2012 - 14:04 | Link to Comment taxpayer102
taxpayer102's picture

In volume 2 of 'The Secret Relationship Between Blacks & Jews' published in 2010.

Wed, 02/22/2012 - 15:02 | Link to Comment midtowng
midtowng's picture

There is at least 15 million slaves in the world today. 40% of them involved in sex trafficking.

Personally I would classify pimps as capitalists. How about you?

http://en.wikipedia.org/wiki/Slavery

Wed, 02/22/2012 - 12:58 | Link to Comment smb12321
smb12321's picture

Absurd, unless you thing Romans, Greeks, Africans and Arabs were followers of Adam Smith.

Wed, 02/22/2012 - 13:02 | Link to Comment midtowng
midtowng's picture

I wasn't aware that Adam Smith invented capitalism.

I kind of thought it was created by people who bought and sold property for a profit.

Wed, 02/22/2012 - 13:15 | Link to Comment donsluck
donsluck's picture

Correct. Adam Smith OBSERVED capitalism. He noticed that whereas in China there was opulance but very little went to the common people, in America the wealth was widely distributed. He noticed Amercans were expansive, and Chinese were caste. He came to the conclusion that it was best for everyone to expand. He did not illucidate on the limits of expansion.

Wed, 02/22/2012 - 13:54 | Link to Comment Going Loco
Going Loco's picture

Buying and selling property for a profit is NOT capitalism. Other systems including communism allow some private ownership of property, usually with the exception of real estate. Capitalism is the accumulation of savings and the investment of that money in productive enterprise. Which obviously doesn't exist any more in most developed countries.

Wed, 02/22/2012 - 11:27 | Link to Comment j0nx
j0nx's picture

Slavery has been acceptable ever since Apple started offshoring its manufacturing. Everyone else just joined the bandwagon since then.

Wed, 02/22/2012 - 12:45 | Link to Comment snowball777
snowball777's picture

When Greece gets to treating people like China does, can they get jobs at Apple instead of the Greek government?

 

Wed, 02/22/2012 - 13:35 | Link to Comment SamAdams1234
SamAdams1234's picture

Didn;t you get the memo? Apple is very sorry about the misunderstanding.

Wed, 02/22/2012 - 12:12 | Link to Comment JPM Hater001
JPM Hater001's picture

"Slavery is now acceptable, eh?'

Well, truthfully, for those that thought slavery was a good idea to begin with it just went out of style for a "little while."

"Game on" said the banker!

Wed, 02/22/2012 - 12:51 | Link to Comment surfsup
surfsup's picture

The whole shit rig was created by "slavers" if you stand back and look at the last 200-300 years.  They went from slavery trade to opium trading to ...   ...the present "tracheous rhodensia" and all its debt based carny rigging.   See www.theultimatehistorylesson.com.  Primary Sources will blow your mind but THESE are the pillars of what we see now -- rich aristocratic spoiled children like Darwin who saw fit to perpetuate the notion of "the useless eaters..."   

Wed, 02/22/2012 - 12:57 | Link to Comment smb12321
smb12321's picture

Ae the Greek people really innocent?  Despite their EU rape over 75% of Greeks want to stay!! Now THAT'S unbelievable and so like the US where folks scream for a fix from the very government and institutions who caused the crisis in the first place. I just don't get it. 

Wed, 02/22/2012 - 13:01 | Link to Comment milbank
milbank's picture

This reminds me of that line from the movie, "War Games". . .

"The only winning move is not to play."

Wed, 02/22/2012 - 16:04 | Link to Comment krispkritter
krispkritter's picture

Reminds me of that line from the movie 300: Yet they stare now across the plain at 10,000 Bankers commanding 10,000,000 free Greeks! Haroo!

Or something like that...

Wed, 02/22/2012 - 13:06 | Link to Comment AndTheRest
AndTheRest's picture

Apparently as individuals we are supposedly free men in Democratic nations.  Debt cannot be passed from one generation to the next.  We are not responsible for the crimes of another man.  And we cannot be disenfranchised from our vote without cause.

 

But as citizens of nations, we are trapped in multigenerational debt slavery.  We can be forced to pay reparations to peoples our forefathers have harmed.  We can be forced to pay for debts incurred fighting wars that happened before we were born.  We are expected to feel guilty for things that people that look like us did tens to hundreds of years before we were born.

 

The solution, plainly, is to abolish the states that enslave us before even the lip service they give to our individual liberty is extinguished forever.  Our individual liberty and personal sovereignty is being sacrificed at the altar of the state.

Wed, 02/22/2012 - 13:13 | Link to Comment reinhardt
reinhardt's picture

people have been paying for the "privelege" of having a job for a few thousand years

Wed, 02/22/2012 - 13:27 | Link to Comment Shizzmoney
Shizzmoney's picture

Depends on your definition of slavery.

One could argue that anyone who pays tax, especially the working class, are enslaved.

http://www.youtube.com/watch?v=27bJ5pqPtF4

Wed, 02/22/2012 - 13:41 | Link to Comment Sheriff Douchen...
Sheriff Douchenik from AZ's picture

Exactly - anyone who thinks the greek public worker is the slave really doesn't have any use for a site like this.. It's the remaining fools that pay taxes or the public works salary that is the slave.

Wed, 02/22/2012 - 16:48 | Link to Comment CompassionateFascist
CompassionateFascist's picture

Even a slave gets room and board. Daily split on my cab driving (co. fee [dispatching + ins. etc.] + gas, etc.) is about -$125. Since '08, w <<<fares, I have had many negative income days. When gas hits $6, I am out of business, and will adopt other goals.

Wed, 02/22/2012 - 10:10 | Link to Comment silverbullion
silverbullion's picture

May Kurios Kurion (the Master of Masters) help them and may we show empathy, because we're sure as hell heading down the very same road.

Wed, 02/22/2012 - 10:11 | Link to Comment PaperBear
PaperBear's picture

Modern day slavery.

Wed, 02/22/2012 - 10:19 | Link to Comment aerojet
aerojet's picture

Why would you show up to work for negative wages?

Wed, 02/22/2012 - 10:24 | Link to Comment Real Estate Geek
Real Estate Geek's picture

Perhaps because only the employed are considered viable candidates for job openings elsewhere; here, at least.  Sick, isn't it?

Wed, 02/22/2012 - 10:40 | Link to Comment HoofHearted
HoofHearted's picture

I have a friend who works in big pharma. He has doctors from India working for nothing so that they don't get sent back. Personally, I think the food is better in Greece....

Wed, 02/22/2012 - 11:02 | Link to Comment toady
toady's picture

Gotsta keep those medical benefits, especially if you have a pre-existing condition ...

Wed, 02/22/2012 - 11:23 | Link to Comment A Lunatic
A Lunatic's picture

Because their job is who they are......... a pitiful state of affairs.

Wed, 02/22/2012 - 12:46 | Link to Comment snowball777
snowball777's picture

Healthcare benefits. Thank Heinz.

 

Wed, 02/22/2012 - 10:23 | Link to Comment trav7777
trav7777's picture

as little work as the greeks have done for 10 years while getting paid, this is like coming in on one fucking weekend and bitching NONSTOP about how youze beez a slave.  GTFO here

Wed, 02/22/2012 - 10:33 | Link to Comment tmosley
tmosley's picture

I see, so having the state own all past wages, and having them reposess them at will is "no big deal".

I think everyone knows by now that there is something seriously wrong with you, so your comment is not the least surprising.

Wed, 02/22/2012 - 10:42 | Link to Comment HoofHearted
HoofHearted's picture

Not to sound like I agree with trav, but we've had a lot of people talking about clawbacks for the bankers. They did nothing and stole money from people. Some, only some, of the Greeks have probably done something similar. 

Wed, 02/22/2012 - 10:51 | Link to Comment Rynak
Rynak's picture

and some germans, and some french, and some italians, and......

your point? NIL?

STFU.

Wed, 02/22/2012 - 11:31 | Link to Comment DaveyJones
DaveyJones's picture

well said. expecting the banks and state to collude a "solution" is asinine and insane 

Wed, 02/22/2012 - 11:11 | Link to Comment toady
toady's picture

Yeah, I'm thinking all that 'clawback' talk was miss-played. All they ended up doing was giving the banksters ideas.

Wed, 02/22/2012 - 11:36 | Link to Comment tmosley
tmosley's picture

People have talked about murdering bankers too.  Should we murder the Greeks?

Two wrongs don't make a right with bankers, and a collective wrong against the Greek people doesn't correct the wrongs of the Greek government.

Wed, 02/22/2012 - 10:46 | Link to Comment silverbullion
silverbullion's picture

He is a self declared atheist, that is what is wrong with him. They show absolute no compassion, no honorable brotherly love.

Wed, 02/22/2012 - 11:02 | Link to Comment Hugo Chavez
Hugo Chavez's picture

That is much more honest than hypocritically showing "compassion" with other peoples money.

Do you show ypur compassion by advocating people other than you shoyld be forced to provide money?

Wed, 02/22/2012 - 11:16 | Link to Comment silverbullion
silverbullion's picture

@Hugo Chavez I was not in reference to that kind of "compassion" or in providing free handouts... I was referring to compassion in the sense of not trashing or bad mouthing the Greeks. It is the least we can do, don't you think?

In addition, I think you have so called 'Judeo Christianity' and real first century, primitive Christianity mixed up. True Christians are not Judeos. We believe that those who don't want to work should not eat, but that doesn't mean we have no compassion.

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