Posted on 05/11/2012 6:16:08 AM PDT by cap10mike
Last Sunday, Greece and France held national elections. Both would determine the countries future fiscal course of action. In Greece, voters rejected the two ruling parties that had voiced support for the European Union austerity program. That program was instituted in an effort to keep the EU solvent after Portugal, Ireland, Greece and Spain, known as the PIGS, incurred massive debt as the result of their cradle to grave social programs. Since Greece was one of the EUs original problem children, this could probably have been expected.
In France, socialist Francois Hollande was ushered in, while right-of-center Nikolas Sarkozy was given the bums rush. Sarkozys sin was that, while president, he raised the French retirement age from 60 to 62. Hollande not only promised to lower it back to 60, but to tax those making 1 million euros or more at 75 percent to help pay for it. When delivering his victory speech, the incoming president declared, Austerity can no longer be inevitable. Austerity? Retiring at 62 is an act of austerity?
(Excerpt) Read more at bizpacreview.com ...
They done gone and ran out of other peoples money.
Next? We were first, November 2008.
How do you say Road Warrior time in French and Greek?
The 41% here will be just as resisitant to austerity measures as the general public of Europe. Expect our train to continue hurtling down the track of collapse and prepare accordingly.
We heard the same thing about Iceland, which is now one of the happiest and most peaceful places in the world.
Renouncing unpayable debt is not suicide, because its the banks that die, not the debtors.
People, including many here, have accepted that national survival equals survival - no, profitability - of the money center banks, when it is those banks (in their present unconstitutional role) that are a major threat to that survival.
Money systems end all the time. Ours is terminally ill.
As soon as it dies, we can start to get well again.
“We heard the same thing about Iceland, which is now one of the happiest and most peaceful places in the world.
Renouncing unpayable debt is not suicide, because its the banks that die, not the debtors.”
But Iceland is does not hold the world’s trading currency, we do. So if we were to default, it would be catastrophic to the world’s economy and ours.
We will not default, and we will control interest rates by buying up our own debt by the Fed. Devalues the dollar, but the Fed can play that game for a long time.
Greek: Χρόνος οδικών πολεμιστών
French: The French don't have a word for 'Warrior' :)
We see it clearly in France. Many Americans also harbor this death wish.
Whether or not America will survive depends on how many Americans are infected with this death wish and how powerful it is.
We see it clearly in France. Many Americans also harbor this death wish.
Whether or not America will survive depends on how many Americans are infected with this death wish and how powerful it is.
Yep.
Kinda makes you wonder if the whole planet has wandered into some kind of “stupid zone” in the Universe.
Sure they do...the word is Bosch.
I thought it was Legionnaire.
Keynes wanted govt. spending to invigorate the private sector of the economy, not keep govt. bureaucrats in obstructive, rather than productive, jobs.
Question is whether the population at large is productive enough to make good after hitting the debt reset button, or whether a net negative productivity will just drive ‘em back down the hole again.
Getting conned into being liable for someone else’s financial mistakes is one thing.
Being that someone else is different.
What about guerrier?
Your answer’s better...wish I’d thought of it.
"je surrendeur" :-) (dunno about Greek)
Coming soon to a neighborhood near you.
“They can’t even muster the desire to have children!”
I’m curious, how many kids do you have?
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