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Economic Hell is About to Start
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guerrilla Offline
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Post: #26
RE: Economic Hell is About to Start
(03-17-2013 02:35 PM)Aliblahba Wrote:  1. Jews are aliens.

damn, so that's why i've always felt different from everyone else
03-17-2013 07:21 PM
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Kingsley Davis Offline
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Post: #27
RE: Economic Hell is About to Start
(03-17-2013 05:10 PM)vinman Wrote:  
(03-17-2013 04:22 PM)Roosh Wrote:  Something similar happened to the US when FDR came to take everyone's gold or risk imprisonment.

In the US they'll probably mess with the tax rates on IRA/401k accounts before they tax savings.

The U. S. was talking about doing this as far back as 2008. It'll come soon enough.

Along with a bachelor tax.

"Some people don't think it be like it is but it do".
03-17-2013 07:44 PM
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Aliblahba Offline
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Post: #28
RE: Economic Hell is About to Start
(03-17-2013 07:21 PM)guerrilla Wrote:  
(03-17-2013 02:35 PM)Aliblahba Wrote:  1. Jews are aliens.

damn, so that's why i've always felt different from everyone else

I told you I drunk posted. Blush
03-17-2013 08:13 PM
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Hooligan Harry Offline
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Post: #29
RE: Economic Hell is About to Start
(03-17-2013 04:51 PM)Aliblahba Wrote:  Greeks deserve what they get.

Its more complicated than simple tax evasion the western media throws around dude. The country has been hijacked by bankers and weak, corrupt politicians who sold the people into slavery. The Greeks are innocent bystanders in what has been a legalised theft, while the EU opened their borders to hordes of refugees and immigrants.

I moved everything out of Cyprus last year. All because fuckwit, socialist, liberal, bureaucratic SCUMFUCKS have run shit into the ground like the always do, I have been saying for ages that shit like this is coming. People have no idea how bad things are. This is the EU testing the waters and we are going to see more of this. That move into gold cost me a fortune with the gold price dropping, but its becoming a case of survival now.

First was the raids on the tax payer, now come the raids on the private wealth and property of the individuals. This time its global.
03-17-2013 09:19 PM
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Post: #30
RE: Economic Hell is About to Start
(03-17-2013 09:19 PM)Hooligan Harry Wrote:  
(03-17-2013 04:51 PM)Aliblahba Wrote:  Greeks deserve what they get.

Its more complicated than simple tax evasion the western media throws around dude. The country has been hijacked by bankers and weak, corrupt politicians who sold the people into slavery. The Greeks are innocent bystanders in what has been a legalised theft, while the EU opened their borders to hordes of refugees and immigrants.

I moved everything out of Cyprus last year. All because fuckwit, socialist, liberal, bureaucratic SCUMFUCKS have run shit into the ground like the always do, I have been saying for ages that shit like this is coming. People have no idea how bad things are. This is the EU testing the waters and we are going to see more of this. That move into gold cost me a fortune with the gold price dropping, but its becoming a case of survival now.

First was the raids on the tax payer, now come the raids on the private wealth and property of the individuals. This time its global.

Harry, I respect your posts more then anyone else on this forum, and think you are spot on 99% of the time, but the Greeks aren't innocent bystanders. They are a bunch of scammers who will take whatever they can borrow from you with no intention of ever paying you back, do whatever they can to avoid taxation, and if you dont give them what they want - which is basically a 10 hour workweek w/out taxes - they call you a Nazi. Fuck them and them eat the shit sandwich they made.
03-18-2013 01:46 AM
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T and A Man Online
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Post: #31
RE: Economic Hell is About to Start
Quote:They are a bunch of scammers who will take whatever they can borrow from you with no intention of ever paying you back

Then why are a bunch of bankers lending our money to someone who doesn't have the intention of paying it back?

Of course anyone will take 'free money', it's perfectly rational to asume that. But you pay agents to weed this stuff out, and just didn't do their job properly.
03-18-2013 02:54 AM
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Greek kamaki Offline
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Post: #32
RE: Economic Hell is About to Start
In this case the Cypriots took risks acting as a laundry for Russian mafia operations.If Russia guarantees their banks it will be fine.If not they are in problem.
Normally they should default.Of course the trigger for their default is the haircut of the Greek debt one year ago where Cypriot banks had heavy losses.
03-18-2013 03:39 AM
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kosko Offline
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Post: #33
RE: Economic Hell is About to Start
Russian Navy to send permanent fleet to Mediterranean

^ Uh ohh. Somebody does not wan't to take a fleecing on their cash. Laugh
03-18-2013 04:00 AM
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Post: #34
RE: Economic Hell is About to Start
(03-18-2013 02:54 AM)T and A Man Wrote:  
Quote:They are a bunch of scammers who will take whatever they can borrow from you with no intention of ever paying you back

Then why are a bunch of bankers lending our money to someone who doesn't have the intention of paying it back?

Are you serious? Haven't you ever heard of kickbacks?

Why do you think Congress buying fighter planes that cost
50 million EACH?!

http://en.wikipedia.org/wiki/Kickback_(bribery)
03-18-2013 04:07 AM
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Tex Pro Offline
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Post: #35
RE: Economic Hell is About to Start
Markets drop amid Cyprus bailout worries:

http://money.cnn.com/2013/03/18/investin...-reaction/
03-18-2013 04:49 AM
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Hooligan Harry Offline
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RE: Economic Hell is About to Start
(03-18-2013 01:46 AM)TheBMan Wrote:  Harry, I respect your posts more then anyone else on this forum, and think you are spot on 99% of the time, but the Greeks aren't innocent bystanders. They are a bunch of scammers who will take whatever they can borrow from you with no intention of ever paying you back, do whatever they can to avoid taxation, and if you dont give them what they want - which is basically a 10 hour workweek w/out taxes - they call you a Nazi. Fuck them and them eat the shit sandwich they made.

Nah dude, its not that simple despite what you see in the media. Greece has been raped. We are seeing the same thing in Spain and Italy right now and its nothing short of disgusting.

The Greeks never voted to enter the Eurozone, they were dragged into it kicking and screaming. With that came the end of whatever competitive advantage they had with a weaker currency as their industry was gradually decimated. They were never going to have the productive capacity of the larger European countries as a result of their geography. Its impossible.

In fact, the Greeks are some of the hardest working people in Europe.

Then the borders opened as Greece was beholden to EU law regarding refugees and illegal immigrants. More than 10% of their population now consists just of illegal immigrants, which does not take into account the huge numbers who have been granted residency rights after Greece had to accept the naturalisation process. Again, a simple case of geography has seen the country literally invaded.

Next up, Goldman Sachs basically cooked the books for a few Greek politicians. Between Goldman Sachs, the corrupt officials and the former Goldman Sachs officials all sitting in various positions in the EU, World Bank and IMF, Greece became a banker hucksters dream. Banks made a killing on loans at massive interest rates, and then backed the fucking things with local bonds, pensions and infrastructure as security! Google the Goldman involvement in Greece, its nothing short of criminal what went down.

Goldman ensured that their reporting would allow the money to flow and they clipped the ticket on all of it. While they did this, they attached all of Greece to the debt. Once the situation was revealed for what it was and everyone realised that they were under reporting, the media spun it as a government spending beyond its means and a people who would not pay the taxes needed to support their good time. In reality, they were literally obliterated by banker scumbags who made a killing by literally selling the country off at massive interest rates. The loans could never be paid back and they were never going to be paid back.

You know how a bank or venture capitalist can pull into a company, sell off its assets and leverage it to the hilt as it reaps massive profits until its up to its eyeballs in debt. Debt so high that it can never be repaid before they declare bankruptcy and walk away after making a killing?

They did that to a country this time

And they then left the bill with European tax payers and governments as they walked away!

So where does that leave the average Greek since joining the Euro?

1) His competitive advantage is eradicated with the demise of the Drachma and he sees jobs evaporating.

2) His borders are opened to foreigners who are eligible for welfare and entitlements, not to mention competing for jobs and bringing a massive crime wave with them.

3) Pensions and social savings were tied into the loans as security leaving them penniless. On top of it, they even attached infrastructure. Im talking about things like power stations.

Are they completely innocent here? No, not by a long shot. They were way to reliant on a social services and welfare state than they should have been. Greeks, ever the frikken socialists, have been too far left for too long. Between the unions and the ridiculous wages paid to civil servants, they certainly did not help their own cause.

The reality though is that the Greeks did not deserve what is happening to them. Not to this degree.

I was always on the fence about this "elite running the world" bullshit, but the way Greece has gone down has seriously made me wonder about what the hell is going down. This has all been too coordinated. Its not just the way they were dragged into the EU or the way they were systemically raped by a private bank with the blessing of the EU, IMF and World Bank. Its not just the way they literally opened their borders to invasion like this.

If anything, its been the way the reality was sold to the world. The media has covered this shit up to the point that almost no one is being told the real full story about Greece. Instead, Greece has been scapegoated, isolated and all but excommunicated as the entire continent paints the average Greek as a lowlife scumbag sucking the life out of Europe. The fact that there has been a cover up to protect the interests of private banks yet again is an absurdity.
03-18-2013 07:37 AM
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Tex Pro Offline
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Post: #37
RE: Economic Hell is About to Start
Cyprus Delays Vote on Bailout Plan:

http://www.nytimes.com/2013/03/19/busine...cerns.html

^Looks like they are scared that the bank levy will be voted down.

Their solution: delay the vote until possibly Friday. They are also keeping the banks closed until Friday.
(This post was last modified: 03-18-2013 07:50 AM by Tex Pro.)
03-18-2013 07:49 AM
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thegmanifesto Offline
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RE: Economic Hell is About to Start
(03-18-2013 07:37 AM)Hooligan Harry Wrote:  
(03-18-2013 01:46 AM)TheBMan Wrote:  Harry, I respect your posts more then anyone else on this forum, and think you are spot on 99% of the time, but the Greeks aren't innocent bystanders. They are a bunch of scammers who will take whatever they can borrow from you with no intention of ever paying you back, do whatever they can to avoid taxation, and if you dont give them what they want - which is basically a 10 hour workweek w/out taxes - they call you a Nazi. Fuck them and them eat the shit sandwich they made.

Nah dude, its not that simple despite what you see in the media. Greece has been raped. We are seeing the same thing in Spain and Italy right now and its nothing short of disgusting.

The Greeks never voted to enter the Eurozone, they were dragged into it kicking and screaming. With that came the end of whatever competitive advantage they had with a weaker currency as their industry was gradually decimated. They were never going to have the productive capacity of the larger European countries as a result of their geography. Its impossible.

In fact, the Greeks are some of the hardest working people in Europe.

Then the borders opened as Greece was beholden to EU law regarding refugees and illegal immigrants. More than 10% of their population now consists just of illegal immigrants, which does not take into account the huge numbers who have been granted residency rights after Greece had to accept the naturalisation process. Again, a simple case of geography has seen the country literally invaded.

Next up, Goldman Sachs basically cooked the books for a few Greek politicians. Between Goldman Sachs, the corrupt officials and the former Goldman Sachs officials all sitting in various positions in the EU, World Bank and IMF, Greece became a banker hucksters dream. Banks made a killing on loans at massive interest rates, and then backed the fucking things with local bonds, pensions and infrastructure as security! Google the Goldman involvement in Greece, its nothing short of criminal what went down.

Goldman ensured that their reporting would allow the money to flow and they clipped the ticket on all of it. While they did this, they attached all of Greece to the debt. Once the situation was revealed for what it was and everyone realised that they were under reporting, the media spun it as a government spending beyond its means and a people who would not pay the taxes needed to support their good time. In reality, they were literally obliterated by banker scumbags who made a killing by literally selling the country off at massive interest rates. The loans could never be paid back and they were never going to be paid back.

You know how a bank or venture capitalist can pull into a company, sell off its assets and leverage it to the hilt as it reaps massive profits until its up to its eyeballs in debt. Debt so high that it can never be repaid before they declare bankruptcy and walk away after making a killing?

They did that to a country this time

And they then left the bill with European tax payers and governments as they walked away!

So where does that leave the average Greek since joining the Euro?

1) His competitive advantage is eradicated with the demise of the Drachma and he sees jobs evaporating.

2) His borders are opened to foreigners who are eligible for welfare and entitlements, not to mention competing for jobs and bringing a massive crime wave with them.

3) Pensions and social savings were tied into the loans as security leaving them penniless. On top of it, they even attached infrastructure. Im talking about things like power stations.

Are they completely innocent here? No, not by a long shot. They were way to reliant on a social services and welfare state than they should have been. Greeks, ever the frikken socialists, have been too far left for too long. Between the unions and the ridiculous wages paid to civil servants, they certainly did not help their own cause.

The reality though is that the Greeks did not deserve what is happening to them. Not to this degree.

I was always on the fence about this "elite running the world" bullshit, but the way Greece has gone down has seriously made me wonder about what the hell is going down. This has all been too coordinated. Its not just the way they were dragged into the EU or the way they were systemically raped by a private bank with the blessing of the EU, IMF and World Bank. Its not just the way they literally opened their borders to invasion like this.

If anything, its been the way the reality was sold to the world. The media has covered this shit up to the point that almost no one is being told the real full story about Greece. Instead, Greece has been scapegoated, isolated and all but excommunicated as the entire continent paints the average Greek as a lowlife scumbag sucking the life out of Europe. The fact that there has been a cover up to protect the interests of private banks yet again is an absurdity.

Good post Hooligan Harry.

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03-18-2013 08:04 AM
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Greek kamaki Offline
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Post: #39
RE: Economic Hell is About to Start
The developments in Greece will be very bad.The illegal immigrants are going to be expelled and not in a good way.And by the time the Germans stop the flow of money the sign for the slaughter will have been set.It will be a very bad situation.A very Balkan one because there are bills waiting to be paid.

Generally the main problem in Greece is that the defect is now not functional so it could be reversed but has become structural so it is now irreversible.The local elites are in tremor.They were so arrogant they underestimated the black force from the rotten system.
The greatest problem they have right now is that there is no plan for Greece.There is no conspiracy plan even because there is no plan.Without plan the elites are lost.
Interested elements from the interior and abroad promote dissolvement of Greece as a country.The Germans have found such a big chance that it would unconceivable for them to back off at the moment.
Greece is the absolute field for destruction of the market forces.
(This post was last modified: 03-18-2013 08:15 AM by Greek kamaki.)
03-18-2013 08:09 AM
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void Offline
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RE: Economic Hell is About to Start
The Euro is destroying europe, after only 10 years everything is on the brink of economic collapse. I think they will ride the dead horse till the bitter end. They have to do this in more countries to even out the economic inbalances, every statement that this wont happen is a lie (like "there will be no debt-union")

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(This post was last modified: 03-18-2013 08:28 AM by void.)
03-18-2013 08:22 AM
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RE: Economic Hell is About to Start
(03-18-2013 08:22 AM)void Wrote:  The Euro is destroying europe, after only 10 years everything is on the brink of economic collapse. I think they will ride the dead horse till the bitter end. They have to do this in more countries to even out the economic inbalances, every statement that this wont happen is a lie (like "there will be no debt-union")

it won't fail though because of German economic power. The Germans are financing the rest of Europe, it was a bad idea from the start. Interest rates set europe wide for economies at different stages of the cycle.

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03-18-2013 08:36 AM
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Tex Pro Offline
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RE: Economic Hell is About to Start
(03-18-2013 08:36 AM)bojangles Wrote:  
(03-18-2013 08:22 AM)void Wrote:  The Euro is destroying europe, after only 10 years everything is on the brink of economic collapse. I think they will ride the dead horse till the bitter end. They have to do this in more countries to even out the economic inbalances, every statement that this wont happen is a lie (like "there will be no debt-union")

it won't fail though because of German economic power. The Germans are financing the rest of Europe, it was a bad idea from the start. Interest rates set europe wide for economies at different stages of the cycle.

Why don't the Germans leave the Euro?

I can't imagine they are happy financing the PIIGS and other smaller & economically weaker nations.

Are they worried that the deutschemark will be expensive (relative to other currencies) and thus hurt exports?
(This post was last modified: 03-18-2013 08:50 AM by Tex Pro.)
03-18-2013 08:40 AM
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Post: #43
RE: Economic Hell is About to Start
(03-18-2013 04:07 AM)iknowexactly Wrote:  
(03-18-2013 02:54 AM)T and A Man Wrote:  
Quote:They are a bunch of scammers who will take whatever they can borrow from you with no intention of ever paying you back

Then why are a bunch of bankers lending our money to someone who doesn't have the intention of paying it back?

Are you serious? Haven't you ever heard of kickbacks?

Why do you think Congress buying fighter planes that cost
50 million EACH?!

http://en.wikipedia.org/wiki/Kickback_(bribery)

You don't seem to see the wood from the tree here.

I understand what happens, it's not behaviour that's prescriptive however.

Proper behaviour is 'don't lend money if you won't get your money back'

So why is it being lent? Fix that behaviour. Kickbacks and bribery and known in agency theory, yet its being ignored in terms of remuneration and punishment.

In the past week we have seen the "too big to fail" also now the "too big to jail"
03-18-2013 08:52 AM
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RE: Economic Hell is About to Start
(03-18-2013 08:40 AM)The Texas Prophet Wrote:  Are they worried that the deutschemark will be expensive (relative to other currencies) and thus hurt exports?
Yes, but this is bullshit. Prior to 1999/2000 Germany had great exports even with the "Deutsche Mark".
Except 1 or 2 countries (irland?), no country gave its citizens the opportunity to decide whether or not to join the Euro or keep the local currency. Basically the EU is a behemoth controlled by bureaucrats determined to undermine national sovereignty, but the scumbags in Brussels were not elected by anyone.
Watch this for some balls,






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(This post was last modified: 03-18-2013 09:54 AM by void.)
03-18-2013 09:36 AM
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Hotwheels Offline
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RE: Economic Hell is About to Start
Sounds like the German's finally found a way to take over Europe.

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03-18-2013 09:42 AM
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RE: Economic Hell is About to Start
It's an interesting case-study of economic determinism.

If you subscribe to the view that Britain joined World War I to prevent German domination of the European Continent, then the entire 20th Century was basically an 80-year struggle to prevent that.

And even after two wars, nearly 10 million Germans killed, her cities pulverized and her population cleansed from large parts of Europe, Germany still ends up calling the shots.

If you ask me we'd all have been better off if Germany had won in 1914. Would've saved us all a shitload of trouble. Money, lives and hate.

A year from now you'll wish you started today
(This post was last modified: 03-18-2013 10:02 AM by ElJefe.)
03-18-2013 10:01 AM
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RE: Economic Hell is About to Start
(03-18-2013 08:40 AM)The Texas Prophet Wrote:  
(03-18-2013 08:36 AM)bojangles Wrote:  
(03-18-2013 08:22 AM)void Wrote:  The Euro is destroying europe, after only 10 years everything is on the brink of economic collapse. I think they will ride the dead horse till the bitter end. They have to do this in more countries to even out the economic inbalances, every statement that this wont happen is a lie (like "there will be no debt-union")

it won't fail though because of German economic power. The Germans are financing the rest of Europe, it was a bad idea from the start. Interest rates set europe wide for economies at different stages of the cycle.

Why don't the Germans leave the Euro?

I can't imagine they are happy financing the PIIGS and other smaller & economically weaker nations.

Are they worried that the deutschemark will be expensive (relative to other currencies) and thus hurt exports?
Germany and France are the "powerhouses" behind the euro, I'd use that loosely as the French are weak.
The ECB isnt based in Brussels but is based in Frankfurt.
It was set forth in 1992, Denmark and the UK got exemption from joining it..thankfully.

"The guiding principle of the currency, which opened for business in 1999, were supposed to be a set of rules to limit a country's annual deficit to three per cent of gross domestic product, and the total accumulated debt to sixty per cent of G.D.P. It was a nice idea, but by 2004 the two biggest economies in the euro zone, Germany and France, had broken the rules for three years in a row."

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03-18-2013 10:33 AM
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porscheguy Offline
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RE: Economic Hell is About to Start
(03-18-2013 07:37 AM)Hooligan Harry Wrote:  Next up, Goldman Sachs basically cooked the books for a few Greek politicians. Between Goldman Sachs, the corrupt officials and the former Goldman Sachs officials all sitting in various positions in the EU, World Bank and IMF, Greece became a banker hucksters dream. Banks made a killing on loans at massive interest rates, and then backed the fucking things with local bonds, pensions and infrastructure as security! Google the Goldman involvement in Greece, its nothing short of criminal what went down.

Goldman ensured that their reporting would allow the money to flow and they clipped the ticket on all of it. While they did this, they attached all of Greece to the debt. Once the situation was revealed for what it was and everyone realised that they were under reporting, the media spun it as a government spending beyond its means and a people who would not pay the taxes needed to support their good time. In reality, they were literally obliterated by banker scumbags who made a killing by literally selling the country off at massive interest rates. The loans could never be paid back and they were never going to be paid back.

You know how a bank or venture capitalist can pull into a company, sell off its assets and leverage it to the hilt as it reaps massive profits until its up to its eyeballs in debt. Debt so high that it can never be repaid before they declare bankruptcy and walk away after making a killing?

They did that to a country this time

And they then left the bill with European tax payers and governments as they walked away!
In the US, the Mafia calls this a "bust out."





If your business is "bubba's bait and tackle" and you find yourself in this situation, you're kind of fucked. But it seems to me that when you're trying to pull this on a sovereign nation, the answer is simple: kill the bankers.
03-18-2013 02:23 PM
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RE: Economic Hell is About to Start
(03-17-2013 04:44 PM)Greek kamaki Wrote:  Civil war will happen in Greece. It is very close.It will be a very bloody one a battle of extinction.Golden Dawn is at 15% and radical communists on the rise so the two extremes are going to clash when the middle disappears alltogether.
Without the money flow from Europe civil war would have already started.The political system stays alive by the money flow.A pull of the plug and the shit will hit the fun.

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03-18-2013 03:16 PM
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RE: Economic Hell is About to Start
BTW Cyprus next p00n paradise ?
03-18-2013 04:27 PM
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