Posted on 05/20/2012 6:32:17 AM PDT by DeaconBenjamin
No matter how you unite states, once joined they don’t like it when one or more of its members decide to walk away.
Good riddance to both Greece and the Euro.
What’s interesting though, stripped of the jargon, what the experts are cautioning is that _now_ isn’t the time to quit borrowing money, because of the crisis, that was caused by, you guessed it - borrowing money. It’s kinda wacky.
Remember the commercial back in the 80’s about the guy who was justifying his use of cocaine?
“I do cocaine so I can I can work more hours and make more money. I use that money to buy more concaine, so I can work more hours and make more money, so I can buy more cocaine......”. something like that.
All the while the guy is spinning around in an ever tightening circle.
About six months ago...I was reading through Greek medical problems within the economy. If you were on insulin and tried to pick up your monthly supply...most pharmacy groups couldn’t get the stuff via their normal channels, with Greek health care paying. So you...the customer who desperately needed insulin...had to go down put down around $100 to get the stuff ordered from France. It’d be delivered five days later, and you were ok....except whatever was free via the gov’t health care program...was no longer free, and you had to find a $100 somewhere in your limited budget to pay for what was free before.
My feeling is that of eleven million people in Greece...by next summer, at least 500k will have packed up and left the country. I also think that most banks will end up closing shop or consolidating. The tourism trade? For 2012, I’d predict half the tourism trade that you’d typically expect in Greece, and it likely continues through 2013. They really took the country and made it into some Banana republic.
Greece is a dry run for what is coming.
It’s kind of like trying to get off a bucking horse.No matter how you do it,there’s a good chance you’re going to get hurt.
A harbinger of the future of Liberal America.
Be interesting to see if the populace there riots against its lefty-regime, and to watch their reaction to it.
It is interesting that the quotations of impending doom come from importers who see no future. Stipulating that business is facing huge problems, why do they not attempt to source from domestic sources.
It seems to me that the people of Greece have chosen collapse over a little austerity. No one would give an inch so now they have to go the mile.
"When you're in a hole, stop digging."
The only problem was that what he meant was: Europe is fragile and austerity is painful. Due to the crippling levels of debt in Europe, this was HARDLY the time to stop borrowing! Borrow more! Keep the economic engine running! Austerity is a hole! Stop that madness!
Amazingly backwards.
This is the soil that Hitler grew from.
>>Greece is a dry run for what is coming.<<
We’ll get a look in California in 2014 or so. I am one of the emigres...
There was an article yesterday saying that tourism is down a lot, primarily from people cancelling trips because of fear of unrest.
The article also said that if they scrapped the euro and reinstated the drachma, tourism would boom because tourists would get a lot more bang for their buck. But Greece has to show that it is a safe place in which travel.
Its political machine--the Democrat Party--must be stopped.
Its political machine--the Democrat Party--must be stopped.
Its political machine--the Democrat Party--must be stopped.
Not just Hitler. Notice it’s a running theme among totalitarians - foment or bandwagon on a crisis with a “blame the (fill-in-the-blank)”.
Marxists blame capitalists, Islamo-nazis blame the Jews and America, “Mugabes” blame the white farmers, the list goes on. It’s a bait-and-switch that’s only the more terrifying because it works.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.