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To: Enlightened1
Greece is like a liberal with his first credit card.

"OMG! I got a credit card! I can take out up to $1,000 per month in cash advances, and my minimum monthly payment is only $143. Heck, I can do this forever! Now I understand how those rich people live so well!"

A year later and the card is maxed out, and the bill collectors are closing in. The liberal is furious:

"Those evil banks... how dare they hound me for money. It's their fault they lent me money, those greedy creeps!"

10 posted on 07/05/2015 11:07:27 AM PDT by Cementjungle
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To: Cementjungle

Greece did originally did not need a loan. They did it on the advice on the Central Banks to help out the Euro.

The Private Reserve Central Bank gives loans on money they do not have (which is scam in itself)...., and they know that cannot be paid back.

Then when the economy of a country crashes they buy everything up for pennies to the dollar.

That is how the game works. They have been doing since Waterloo.


11 posted on 07/05/2015 11:16:16 AM PDT by Enlightened1
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To: Cementjungle

It is unfortunate you focus on one sliver of the big picture to the exclusion of more important issues. See other comments in the thread for edification.


14 posted on 07/05/2015 11:28:08 AM PDT by steve86 (Prophecies of Maelmhaedhoc OÂ’Morgair (Latin form: Malachy))
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To: Cementjungle

“Those evil banks... how dare they hound me for money. It’s their fault they lent me money, those greedy creeps!”

Actually, the argument said it was the fault of the Germans who liked to work hard and build things and save their money. The Germans sold the things they built to the Greeks and loaned them the money to buy them. If the Germans had valued leisure more, worked less, and saved less, the unfortunate Greeks would not have borrowed so much money and this would not have happened.


19 posted on 07/05/2015 12:29:14 PM PDT by DugwayDuke
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