Jon Snow spotted with "production hair" at Wimbeldon this weekend. ha! Thank you Red Queen!
Posted on 07/06/2015 7:11:47 AM PDT by Mariner
Despite the scaremongering and bullying from those in Brussels, we are waking today with Greece having delivered a resounding No.
That comes despite EU bosses saying that it would mean a Greek exit from the Euro, not to mention the heavy economic pressure placed on the Greek people to go along with the wishes of Brussels. It is a crushing defeat for those Eurocrats who believe that you can simply bulldoze public opinion.
Chief bully-boy Martin Schulz, President of the European Parliament, and other supposed leaders of the European Union did their best to terrify the Greek people into submitting to the wishes of the European Union. But they utterly failed. The fear espoused by the Yes campaign was rejected. Opinion polls that put the Yes side ahead just days before were way out, as thousands upon thousands of Greek citizens lined the streets chanting “Oxi”.
(Excerpt) Read more at telegraph.co.uk ...
It would be much like US assuming Mexico’s debt and trading dollars for pesos. Oh wait, never mind.
So as Greas dies, the European Union dies, so the world banking economy dies. Not to get all religious on you, but it is to be expected at this point. The second seal is fulfilled by Iran getting nuclear weapons, the third seal is worldwide economic collapse and famine. Gee I wonder what’s next?
How can you put politics aside when considering a purely political decision?
Because the world is much more complex than that.
They say that like it’s a BAD thing.
The European Union always aspired to be a “world state”, and not a genuine confederation of equals with proportionate representation. Organized more on the order of the United Nations, there was never any push for a relative uniformity of legal code, but was mostly a conglomeration of beggars who had attached themselves to rich donor states, in some lopsided application of charity. It certainly restrained Germany from getting so much wealth accumulated, that they could then easily fund a war of aggression and annexation, once envisioned for the Third Reich. But this time, they were going to do it smarter.
Which is exactly the same thing that the Russian Federation is now doing, trying to re-create the old Soviet Empire.
What is the debt itself is immoral?
I’m not speaking about Greece now but of the American welfare state. For years the government has been borrowing money to pay out welfare benefits and govt. worker salaries, saddling future generations, who will never benefit from those expenditures, with crushing un-repayable debt.
If we borrow money to build things of lasting value we are being good stewards for our progeny. Instead our “grasshoppers” have robbed them of a future to keep their party going now.
Will it be immoral for our children to break their debt shackles and repudiate this debt? I say no, and will encourage them to do so.
Jon Snow spotted with "production hair" at Wimbeldon this weekend. ha! Thank you Red Queen!
True, but this vote isn’t.
Italy, Spain and Portugal will soon follow. The EU is going to break up its just a matter of what moment in time.
“Now, the Greeks are free to starve on their own terms.”
If I had to starve under tyrannical oppression of a foreign government, or go through a tough transition to take control of my own fate, I’d choose the second - as Greece did.
The EU will survive until the socialists run out of other people’s money.
You admire welfare beggars just because they announced in advance that they would continue to be welfare beggars? I don’t mean to go on the attack here, but merely announcing bad behavior in advance does not make it admirable.
“The only thing the Greeks want is not to have their pensions cut even though they have borrowed billions of dollars and refused to cut spending.”
As the Greek economy dies, they reject forced austerity to increase their suffering. I don’t know of any people that want heavy taxation and austerity imposed from a foreign government - particularly one not elected, but appointed.
Their path will be difficult. It will be better than the path the EU insist upon, which is about repayment and not progress.
I agree with your sentiment 100 percent... but you're adorably and appallingly naive if you think Greece's populace or government will do ANYTHING to "transition" themselves back to growth. They routinely refuse to pass ANY austerity measures, growing numbers of Greeks are pretending to be handicapped to gain even more generous "free" benefits (claiming blindness is a current favorite), and they march whenever their representatives dare to threaten to actually cut ANY of their benefits.
They simply voted to avoid paying for the supports they've been given so far. Now they will collapse on their own, rather than while a member of the EU. The collapse IS coming. They won't reduce benefits, and they aren't a growing economy, so they will HAVE to print money now that the gravy train of foreign money will stop (unless China or Russia decide they want a colony on the Med). Once they print money, the value of that currency will quickly drop, and the death spiral begins.
(The US hovered around 60-80 percent until the Dems took over Congress in 2006. In the 9 years since, we have exploded to... maybe not coincidentally... 125 percent. Japan is still #1 in the world at around 180 percent. I believe that their collapse will be the one that starts the next Great Depression.)
One can’t help but wonder if the US will break up. Here, I suspect it would be the economically self-sufficient states that could escape.
“Here, I suspect it would be the economically self-sufficient states that could escape.”
Yeh the South. Can’t happen to soon to suit me. :-)
If Europe doesn’t bail out Greece indefinitely, or untill the whole West collapses together, Hussein (US citizens) will, at first through the IMF. When that proves to be insufficient, he will bail out the IMF.
Stop saying it, just DO it!
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