olp1fan Posted October 31, 2011 Report Share Posted October 31, 2011 (edited) http://m.theglobeandmail.com/report-on-business/international-news/greece-gambles-on-referendum-for-new-debt-deal/article2220043/?service=mobile say bye to the E.U in 2012, hello new world order Edited October 31, 2011 by olp1fan Quote Link to comment Share on other sites More sharing options...
Topaz Posted October 31, 2011 Report Share Posted October 31, 2011 http://m.theglobeandmail.com/report-on-business/international-news/greece-gambles-on-referendum-for-new-debt-deal/article2220043/?service=mobile say bye to the E.U in 2012, hello new world order I don't know about the NWO but I've read the US will fall, also within 2-5 years. 14 Trillion debt and 14 million out of work and growing, sad. Quote Link to comment Share on other sites More sharing options...
kactus Posted October 31, 2011 Report Share Posted October 31, 2011 well well 10% increase on VAT, sstaggering unemployment in public sector, astronomical inflation and a crippled economy for many years to come is what Greece has inherited..They have no choice but to say yes to the referendum. Quote Link to comment Share on other sites More sharing options...
kactus Posted October 31, 2011 Report Share Posted October 31, 2011 I don't know about the NWO but I've read the US will fall, also within 2-5 years. 14 Trillion debt and 14 million out of work and growing, sad. Sad it is indeed with the beginning of the end of capitalism.... Quote Link to comment Share on other sites More sharing options...
olp1fan Posted October 31, 2011 Author Report Share Posted October 31, 2011 i think the world leaders will be very pissed off at Greeces decision to hold a referendum Quote Link to comment Share on other sites More sharing options...
Shady Posted November 1, 2011 Report Share Posted November 1, 2011 Sad it is indeed with the beginning of the end of capitalism.... You must mean socialism. That's why Greece has its unsustainable debt in the first place. Quote Link to comment Share on other sites More sharing options...
Guest Manny Posted November 1, 2011 Report Share Posted November 1, 2011 You must mean socialism. That's why Greece has its unsustainable debt in the first place. Unsustainable debt in the US too. Quote Link to comment Share on other sites More sharing options...
blueblood Posted November 1, 2011 Report Share Posted November 1, 2011 i think the world leaders will be very pissed off at Greeces decision to hold a referendum Yes they will, means more uncertainty and more people's retirements taking a hit. Greece has a choice, they can take their bath now or later.... Quote Link to comment Share on other sites More sharing options...
maple_leafs182 Posted November 1, 2011 Report Share Posted November 1, 2011 well well 10% increase on VAT, sstaggering unemployment in public sector, astronomical inflation and a crippled economy for many years to come is what Greece has inherited..They have no choice but to say yes to the referendum. Saying yes is the stupidest thing they can do. They should let everything fail, they need to let all the bad debt liquidate. Replacing old debt with new debt won't solve any problems. Quote Link to comment Share on other sites More sharing options...
Post To The Left Posted November 1, 2011 Report Share Posted November 1, 2011 (edited) I don't know about the NWO but I've read the US will fall, also within 2-5 years. 14 Trillion debt and 14 million out of work and growing, sad. At times it seems a little ra ra ra but they do bring up some good points: -Chinese minimum wage is rising at an incredible rate of 16% a year which means very soon it won't make financial sense, with things like shipping costs or technology piracy in China, to manufacture in China. Other countries that do have cheap wages are decades behind in infrastructure required to export on China's scale. -America is almost at energy self sufficiency with new tech providing "72pc of its own oil needs, up from around 50pc a decade ago. " -America is almost the only economic power with a fertility rate above 2.0 - and therefore the ability to outgrow debt - in sharp contrast to the demographic decay awaiting Japan, China, Korea, Germany, Italy, and Russia. World power swings back to AmericaThe American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account might even be in surplus. telegraph - 23 Oct 2011 Edited November 1, 2011 by Post To The Left Quote Link to comment Share on other sites More sharing options...
Post To The Left Posted November 1, 2011 Report Share Posted November 1, 2011 Saying yes is the stupidest thing they can do. They should let everything fail, they need to let all the bad debt liquidate. Replacing old debt with new debt won't solve any problems. One of the deal's components is that the banks wipe out 50% of the value of Greek debt. Quote Link to comment Share on other sites More sharing options...
dre Posted November 1, 2011 Report Share Posted November 1, 2011 One of the deal's components is that the banks wipe out 50% of the value of Greek debt. I hope Greece defaults. They should follow icelands example and tell international bankers to go ____ themselves. The sooner that the international monetary system collapses the sooner we cant started building a functional and honest credit system. Quote Link to comment Share on other sites More sharing options...
maple_leafs182 Posted November 1, 2011 Report Share Posted November 1, 2011 I hope Greece defaults. They should follow icelands example and tell international bankers to go ____ themselves. The sooner that the international monetary system collapses the sooner we cant started building a functional and honest credit system. We should do that in Canada. We need to tell the BoC and its banking cartel to go ____ themselves. The Vatican is calling for a world Central Bank to be ran by the UN... Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted November 1, 2011 Report Share Posted November 1, 2011 I hope Greece defaults. They should follow icelands example and tell international bankers to go ____ themselves. The sooner that the international monetary system collapses the sooner we cant started building a functional and honest credit system. Huh? Building a functional and honest credit system? When I was a kid we had that...it was called loan sharking. Credit/loans are not free...nobody owes us $400,000 mortgages or $35,000 car loans because of a "social" obligation. I'm beginning to have more respect for those who at least accept the terms and shame of bankruptcy instead of whining about banks! Quote Link to comment Share on other sites More sharing options...
dre Posted November 1, 2011 Report Share Posted November 1, 2011 Huh? Building a functional and honest credit system? When I was a kid we had that...it was called loan sharking. Credit/loans are not free...nobody owes us $400,000 mortgages or $35,000 car loans because of a "social" obligation. I'm beginning to have more respect for those who at least accept the terms and shame of bankruptcy instead of whining about banks! Youre still pretending that those banks are really lending you their money. Quote Link to comment Share on other sites More sharing options...
olp1fan Posted November 1, 2011 Author Report Share Posted November 1, 2011 I hope Greece defaults. They should follow icelands example and tell international bankers to go ____ themselves. The sooner that the international monetary system collapses the sooner we cant started building a functional and honest credit system. will that bring the world to its knees? itd be chaos Quote Link to comment Share on other sites More sharing options...
Post To The Left Posted November 1, 2011 Report Share Posted November 1, 2011 I hope Greece defaults. They should follow icelands example and tell international bankers to go ____ themselves. The sooner that the international monetary system collapses the sooner we cant started building a functional and honest credit system. Didnt they pay it all back? Last I heard the government wasn't defaulting and Iceland would pay back all its debts and the Iceland ... ish, Icelanders? were supper pissed about it because they wanted to tell the International banks to go fuck off but the government paid it all back. Quote Link to comment Share on other sites More sharing options...
kactus Posted November 1, 2011 Report Share Posted November 1, 2011 (edited) You must mean socialism. That's why Greece has its unsustainable debt in the first place. No actually my response was to Topaz's assertion on US debt and NWO. Edited November 1, 2011 by kactus Quote Link to comment Share on other sites More sharing options...
kactus Posted November 1, 2011 Report Share Posted November 1, 2011 Saying yes is the stupidest thing they can do. They should let everything fail, they need to let all the bad debt liquidate. Replacing old debt with new debt won't solve any problems. Why? They owe the money. You can't just write it off. Otherwise it will have domino effect on other EU economies as it has already taken its toll on Germans. Quote Link to comment Share on other sites More sharing options...
GostHacked Posted November 1, 2011 Report Share Posted November 1, 2011 Sad it is indeed with the beginning of the end of capitalism.... Capitalism is not the problem. The problem is we have many crooks and thieves who run our countries. Quote Link to comment Share on other sites More sharing options...
Topaz Posted November 1, 2011 Report Share Posted November 1, 2011 Greece has become a welfare state and one of the reasons is the state doesn't collect the taxes owing and the corrruption within the country so its not surprising that more money is going out to its people than coming in from the people who owe. http://en.wikipedia.org/wiki/Economy_of_Greece Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted November 1, 2011 Report Share Posted November 1, 2011 Youre still pretending that those banks are really lending you their money. I don't care who is lending the money...I sure as hell know it isn't mine to demand and I have no human right for credit...sheesh! Quote Link to comment Share on other sites More sharing options...
blueblood Posted November 1, 2011 Report Share Posted November 1, 2011 I hope Greece defaults. They should follow icelands example and tell international bankers to go ____ themselves. The sooner that the international monetary system collapses the sooner we cant started building a functional and honest credit system. I believe a more appropriate example would be Argentina. However, there is some side effects... My link Quote Link to comment Share on other sites More sharing options...
kactus Posted November 1, 2011 Report Share Posted November 1, 2011 Capitalism is not the problem. The problem is we have many crooks and thieves who run our countries. Or you can argue that banks have been lending money to the wrong people. In other words to those who realistically can not afford to pay back. Quote Link to comment Share on other sites More sharing options...
Shady Posted November 1, 2011 Report Share Posted November 1, 2011 I hope Greece defaults. They should follow icelands example and tell international bankers to go ____ themselves. The sooner that the international monetary system collapses the sooner we cant started building a functional and honest credit system. Complete nonsense. The banks are who funded Greece's spending spree over the last 2 decades. Greece is in this position because of Greece. Nobody else. They decided to deficit spend massively for a long period of time. Now the bill is due. Quote Link to comment Share on other sites More sharing options...
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