Topic: If Greece defaults - page 25. (Read 45224 times)

And then after they left their companies will be nationalized, and that country will turn into a communist hellhole...

The problem with taxing the rich, even if it makes sense to do so because like you said someone that has tons of millions is not going to notice a couple millions going into taxes, is that all those fortunes could leave the country you are taxing at. It's such an injustice, but fortunes rule everyone, both us and governments.

What makes you think that taxation of ship owners wouldn't benefit Greece in the long term?

Not a Communist, but since 1974, this looked like the 1st time, regular people wld have representation. Then the old boys explain to the new boys, they have no choice but to go along because it is their job to SAVE THE WORLD. The old boys will continue to do what they do best: DENY, DELUDE & DELAY. Meanwhile GR will continue to sink into an abyss.

Sure it'd be a good raid for some quick cash, but it would just end up with a further stampede of capital from Greece.

Greece has the biggest fleet in the world, so taxing the rich could actually work. Ship owners enjoy not paying taxes in Greece and dare the government try to change that, they'll blackmail the parliament again so they can keep avoiding taxes.

Tax the rich, that old chestnut. Great idea.

Unfortinately with Greece, it is way too democratic and lax and for the wrong reasons..If capital punishment was brought in for evading humongous taxes..I mean for the rich

I doubt Greece will default, that would bring the entire country to an immediate halt, which is not the most practical decision

I doubt Greece will default, that would bring the entire country to an immediate halt, which is not the most practical decision, and the fact that BTC can replace it is even more preposterous, no doubt severe systematic changes may occur, other eu countries are still strong ,i'm sure they will be able to weather this storm, but with a great deal of economic changes will ensue.

I think you're dead wrong here.


The consequences of defaulting are literally haunting. If you think the world debt load looks bad and is a runaway freight train, the end game results of defaulting are literally worse.


They will have no currency that will be accepted by the surrounding european countries = no trade, no export, no import
They will have no natural resources = no commodity trades, they will already have to sell whatever commodities they have at a bigger loss (think iran selling oil to china while oil plummets in value)
They will be completely cut off from the international banking system = no ability to internationally transact


I mean, those things start the exact second they declare a default.

Who knows what punishments ensue, because they wont be allowed back into the international banking system.

Defaulting might bring structural changes that are desperately needed, but it could (likely) also send them bank into the medieval times for 10-15 years. A complete generation of people will have suffered because of it. And by suffering, I mean people literally dying in the streets from starvation.


The trick is that while their government wont hold EUROs, the citizens will. And it will create this fascinating micro economy where the Greek government begins issuing a new currency, which no one will prefer, while everyone backroom deals in Euro.

If you thought it was difficult to raise revenue through proper tax enforcment now, think about what happens post default. It will be even worse.

(for the record, the most practical decision is clearly to default. you preserve your sovereignty, but you lose a lot of lives in the process)

I doubt Greece will default, that would bring the entire country to an immediate halt, which is not the most practical decision, and the fact that BTC can replace it is even more preposterous, no doubt severe systematic changes may occur, other eu countries are still strong ,i'm sure they will be able to weather this storm, but with a great deal of economic changes will ensue.

All decent politicians can never survive, it's just not their "game" if they can't cheat.

Wow that was a good one, as a voluntaryst myself, i have never thought that there is a single politician out there that has its integrity.

Most of them are just parasitic, thief ,manipulator ,cockroach, sociopaths and some even psychopaths, acting as if they were God on Earth.

Well that guy seems different. Good luck for him, too bad he will be thrown out quick, the scum doesnt like honest people hanging around them.

As johan; very clearly put it, defaulting, or other major economical/social disruption event is waived as a threat, but the fact is that even the right to have those is taken away from people.
Have you thought about those to question marks? Why not taking on the very wealthy? Why not taking on the church?
Really, why is directly impacting the bulk of the population assets more reasonable than a handful. If they were going to say "well, it's not fair, but we need to put the hands on working class people's pockets" why is it always out of question simple take over a couple of strategic large companies?

If this is as serious as they want to make everyone believe, then they could simple gather a couple of hundred soldiers and in one single morning take over the largest bank, or the largest power company and nationalize it. This is the way it has been done since the dawn of human history.
The matter in question here is not country finance or other bullshit they come up with, it is: "how can we still make business".

A few years ago, Venezuelan president Hugo Chavez acompained by militar force, headed up to Santander Bank's office and demanded the to leave the country while paying them in cash the estimated value of the bank. You might not like him (he's dead anyway) but this is the difference between actually wanting to fix an economical problem and just giving you some bullshit so you work harder and get payed less while their business is not disruped or abruptly take out of their hands.

Now all those think bitcoin can have an important role here, I haven't looked at the numbers, but I don't think bitcoin provides enough liquidity right now, it would need to be worth some 100 times more or so. But you cannot expect it to arbitrarily being inflated that much in a short period of time. That would be even worse than bootstraping a new currency.