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Watch And Learn What An Economic Collapse Looks Like: “I Hope You’re Taking Notes”
SHTF Plan ^ | 7/7/15 | Daisy Luther

Posted on 07/07/2015 5:17:19 PM PDT by Kartographer

Did you hear the news? “Greece Says No to Further Austerity Measures!” Did you shake your head and say, “Wow, the nerve of those people refusing to cut their expenses in the face of all that debt”?

I’m no financial expert, but I don’t think that tightening up the budget was really what they were turning down.

I think that they were turning down the opportunity to continue under the tyrannical rule of the EU. They were breaking free.

What they were actually turning down was another series of huge loans that would put them further in debt and further under the oppression of the European Union loan sharks. They said no to another entity controlling their finances and destiny. Collapse or survive, the voters loudly stated that the Greek people want their country back.

(Excerpt) Read more at shtfplan.com ...


TOPICS: Business/Economy; Chit/Chat; Society
KEYWORDS: preparedness; preppers
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To: ClearCase_guy

I don’t think the Greeks want to quit the EU. They want more money, with no strings attached.


21 posted on 07/07/2015 5:48:08 PM PDT by SoCal Pubbie
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To: miss marmelstein

I never have and can’t even imagine how awful that would be.

It’s hard to start a new career path when older. My husband is doing that - voluntary though - at 50. We might be in trouble if this risk does not pan out. If starting our own business doesn’t work, finding employment when older - plus in the area we moved to - won’t be easy.


22 posted on 07/07/2015 5:51:35 PM PDT by Hardens Hollow (Couldn't find Galt's Gulch, so created our own Harden's Hollow to quit paying the fascist beast.)
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To: Kartographer; Nailbiter; Forecaster; BartMan1
It's worth considering that, as reprehensible as the Greeks and their corruption may be, they had help getting where they are.

Greek Debt Crisis: How Goldman Sachs Helped Greece to Mask its True Debt

23 posted on 07/07/2015 5:52:25 PM PDT by IncPen (Not one single patriot in Washington, DC.)
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To: Kartographer

School is definitely in session on several levels.

At one level, I’m taking notes to see what happens when currency is unavailable. Will they run to gold or silver? Will it be item for item barter? Will they use government IOUs or scrip? What will happen to essential imports, like medicine and fuel? Will I be able to get a great tourist deal?

At a higher level, one has to ask about the collective punishment at work here. I think the debts should be repaid, because they were accumulated in the past decade or so. But, it begs the question that is starting to occur here: When pensions come due (Teachers’, police/fire, Social Security/Medicare), and the funds are unavailable, should our children and grandchildren be expected to be put on the rack for debts they never voted for? How far down the generational chain does the moral obligation of societal debt go?


24 posted on 07/07/2015 5:52:33 PM PDT by Pearls Before Swine
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To: Hardens Hollow

I’ll say a prayer for you and your husband. Just remember, 50 is sort of the new 30! Good luck and may God go with you, dear.


25 posted on 07/07/2015 5:53:16 PM PDT by miss marmelstein (Richard the Third: "I should like to drive away not only the Turks (moslims) but all my foes.")
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To: ClearCase_guy
They won't borrow more, and they won't be getting the junk any more.

You are incorrect in that they will not borrow more. They are trying to do just that. When they find out that no one will loan to them then they will go to the loan sharks.

That is when things will get nasty.

26 posted on 07/07/2015 5:54:01 PM PDT by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: ClearCase_guy

Bingo.

It doesn’t really matter how the Greeks got into this situation, the relevant question from their perspective is : “what now?”

They need to repudiate and move on.


27 posted on 07/07/2015 5:57:25 PM PDT by RKBA Democrat ( The ballot is a suggestion box for slaves and fools.)
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To: Kartographer

Going “Greek” meant something completely different in the 80’s...


28 posted on 07/07/2015 6:03:58 PM PDT by BlueNgold (May I suggest a very nice 1788 Article V with your supper...)
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To: VRWCarea51
If my idiot brother spends his paycheck on booze and women

He should only spend half his paycheck on booze and women.

Then he can squander the rest.

29 posted on 07/07/2015 6:17:49 PM PDT by Larry Lucido
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To: Harmless Teddy Bear

They may go to the Russians, who need a warm-water port.


30 posted on 07/07/2015 6:18:51 PM PDT by charlie72
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To: VRWCarea51

I get a kick out of people being so judgmental about the Greeks. Do you think, for even a second, that any western country would have done anything differently in terms of getting into the mess they are in, and do you think that any western country wouldn’t be doing everything they could to borrow their way out of the problem? If anything, countries like the United States show even less fiscal discipline, and are even more prone to simply ignoring any burgeoning crisis.

The problem isn’t Greece, or Greeks. They happen to be a very poor country in a rich “union”, so they hit the point of crisis earlier than most. The problem is really universal at this point. No culture (at least, no culture of any prominence) embraces concepts like risk-aversion and risk management. People who point out real, substantive dangers are dismissed from the political and social landscape. Every modern culture is susceptible to demagoguery and pseudo-science like global warming, Keynesian economics, and any other scientific fraud that expresses what people want to hear.

The Greeks may have chosen poorly. That puts them on equal footing with just about every western country, including the United States.


31 posted on 07/07/2015 6:22:21 PM PDT by jjsheridan5 (The next Ronald Reagan will not be a Republican, but rather a former Republican)
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To: jjsheridan5

Um, you really need to read a bit more about the Greeks.

They’ve voted for Socialism for 50 years. They are broke. They are geniuses at bleeding the social services and also finding every way possible from refusing to admit to tax liabilities that are needed to fund those very same services.


32 posted on 07/07/2015 6:33:10 PM PDT by VRWCarea51 (The original 1998 version)
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To: Alberta's Child
"If a nation can’t meet its obligations, then it should probably cease to exist."

that's USA within 25 years. WE will be forced to default within that timeframe. And, it's likely, Americans will do it the hard way by refusing additional debt to keep going.

The USA will repudiate it's debt.

33 posted on 07/07/2015 6:37:00 PM PDT by Mariner (War Criminal #18 - Be The Leaderless Resistance)
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To: Kartographer

I think we are all taking notes to one extent or the other.


34 posted on 07/07/2015 6:50:24 PM PDT by MSF BU (Support the troops: Join Them.)
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To: ClearCase_guy; Kartographer

“You must always pay your debts — you signed up for the loan, you must honor the obligation...”

Ok, let’s take a look at our own debt situation. Think Federal Reserve...

The Fed was set up 100+ years ago by the Banksters with the help of Woodrow Wilson. This was never supposed to be for controlling money in the USA. The Treasury was responsible.

The Fed (Banksters) have created the debt. “0” of course doubled the debt, by rewarding the Banksters in a bailout...with OUR money. It is time we took the high road. The Banksters created the debt, let them own it! It is not my, our debt! Let them pound salt! (Or Sand!).

And for us to avoid the ‘Greek Tragedy’, we need to get out money out of the hands of the Banksters...before they steal it! Gold, silver...

I think silver coins may be best...


35 posted on 07/07/2015 7:05:14 PM PDT by GGpaX4DumpedTea (I am a Tea Party descendant...steeped in the Constitutional Republic given to us by the Founders)
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To: miss marmelstein

Thank you, miss m.


36 posted on 07/07/2015 7:22:54 PM PDT by Hardens Hollow (Couldn't find Galt's Gulch, so created our own Harden's Hollow to quit paying the fascist beast.)
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To: miss marmelstein

Thank you, miss m.


37 posted on 07/07/2015 7:23:00 PM PDT by Hardens Hollow (Couldn't find Galt's Gulch, so created our own Harden's Hollow to quit paying the fascist beast.)
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To: GGpaX4DumpedTea

I cannot disagree one bit with your post.


38 posted on 07/07/2015 7:38:37 PM PDT by Glad2bnuts (If God himself said every 50 years debt should be erased, and land returned, who am I to disagree?)
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To: ClearCase_guy

Back in 08 I was a speaker at a conference in Barcelona that was sponsored by some agency associated with the EU. At the end of the conference everyone including myself was handed a free Apple IPod. I couldn’t believe their generosity as there over 100 people in attendance. Now, it makes perfect sense. They were giving away other people’s money.


39 posted on 07/07/2015 7:40:13 PM PDT by Man from Oz
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To: Kartographer

L8r


40 posted on 07/07/2015 7:40:42 PM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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