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Topic: If Greece defaults - page 3. (Read 45250 times)

sr. member
Activity: 1148
Merit: 252
Undeads.com - P2E Runner Game
August 18, 2015, 10:56:00 AM
The precedent that Greece abandoning the Euro sets would be devastating. It means that Germany or France could do so if they ever pleased, and the possibility of that happening would place the Euro in a lot of trouble.

Why wouldn't they go, they saw a country in the same euro group fall to its knees, despite making promises to return what it was. There is no way better for these countries, with all the drama that is happening, this is the best time for them. All other countries will leave, it will leave Eurozone worthless, and I think Greece knows that and they are making excellent advantage about that as well as the importance of their geographical location, which Eurozone values immensely.

Because the politicians are paid off, and they dont do what the people want but what their puppet-masters want.

Just look at the referendum, if that is not enough proof then i dont know what is. The people specifically said "no", and they couldnt even keep their promises for 2 fkin days!

Well just keep in mind theres not much they can do.

Just like everyone has influence and has money, people get bought out and they make the game in their favor.

Yes the entire system: political & financial is rotten to the core. These abominational policies like QE forever and endless regulations and high taxes are slowly dooming humanity and the creativity of the human soul.

If this persists, humans will become walking zombies in a few decades with empty souls and brains filled with propaganda.

So long as there's no famine .....

Well there is, many folks got kicked out of their house, foreclosure, the banks are nasty etc.

Homeless people getting more and more, and they are starving, as they cant even get money from begging like they used to, because everyone is poor.

Looks like greece will have big riots soon, SYRIZA is just controlled oposition, they wont do jackshit about the economy.
legendary
Activity: 3766
Merit: 1217
August 16, 2015, 11:14:56 AM
I personally think the other parties like NDP and PASOK will vote in favor of Tsipras to stay in power but how he will resolve in fighting and Lafasanis with the left platform we shall see. I personally would like to see him say on to fight all the corruption and tax evasion.

So, in short, Tsipiras is getting support from New Democracy and PASOK, but his own SYRIZA party is against him? That means that he is no longer in SYRIZA. He has defected to the pro-banker camp. The Greek people deserve something better than this. They voted against the troika in the referendum. And still, Tsiparas is following the orders from the troika.
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
August 16, 2015, 08:17:06 AM
I still hope that there will be a temporary deal: Greece gets a lifeline. Greece will survive for years to come on the BCE restricted money supply, forcing Greek governments to drastic cuts in the state salaries and pensions

Even more than they have until now. And raise $50 billion they don't have somehow. That's a recipe for disaster. Doubt the country will remain stable throughout it all.

I still hope that there will be a temporary deal: Greece gets a lifeline. Greece will survive for years to come on the BCE restricted money supply, forcing Greek governments to drastic cuts in the state salaries and pensions

I think they already announced that a third bailout has been agreed.

Yes. But I don't know how that will go. The government will probably face a no confidence vote soon. Most of the members of the party don't support the government in this. If it continues and the vote fails there will have to be new elections.

I personally think the other parties like NDP and PASOK will vote in favor of Tsipras to stay in power but how he will resolve in fighting and Lafasanis with the left platform we shall see. I personally would like to see him say on to fight all the corruption and tax evasion.
legendary
Activity: 1135
Merit: 1001
August 15, 2015, 06:36:24 PM
I still hope that there will be a temporary deal: Greece gets a lifeline. Greece will survive for years to come on the BCE restricted money supply, forcing Greek governments to drastic cuts in the state salaries and pensions

Even more than they have until now. And raise $50 billion they don't have somehow. That's a recipe for disaster. Doubt the country will remain stable throughout it all.

I still hope that there will be a temporary deal: Greece gets a lifeline. Greece will survive for years to come on the BCE restricted money supply, forcing Greek governments to drastic cuts in the state salaries and pensions

I think they already announced that a third bailout has been agreed.

Yes. But I don't know how that will go. The government will probably face a no confidence vote soon. Most of the members of the party don't support the government in this. If it continues and the vote fails there will have to be new elections.
legendary
Activity: 1512
Merit: 1005
August 15, 2015, 06:32:52 PM
I still hope that there will be a temporary deal: Greece gets a lifeline. Greece will survive for years to come on the BCE restricted money supply, forcing Greek governments to drastic cuts in the state salaries and pensions

I think they already announced that a third bailout has been agreed.

Deal or no deal, the problem is not solved. They try hard to tell a story to the ignorant mob that the debt problem can be solved, without casualties. It can't. Someone is going to lose. Probably all of us ants. Remember to get your coins today!
sr. member
Activity: 406
Merit: 250
August 15, 2015, 06:24:32 PM
I still hope that there will be a temporary deal: Greece gets a lifeline. Greece will survive for years to come on the BCE restricted money supply, forcing Greek governments to drastic cuts in the state salaries and pensions

I think they already announced that a third bailout has been agreed.
full member
Activity: 235
Merit: 250
August 15, 2015, 01:46:21 PM
I still hope that there will be a temporary deal: Greece gets a lifeline. Greece will survive for years to come on the BCE restricted money supply, forcing Greek governments to drastic cuts in the state salaries and pensions
legendary
Activity: 1512
Merit: 1005
August 15, 2015, 05:56:42 AM
In my country we had total economic devastation during the 1990s, the government made radical decisions and everyone had to work hard to restore the economy, we used to owe 30k million US$, 20 years after we now lend money to poor countries. A miracle called Peru!

In short, just let it go as deep as Greece people need to realize that the solution requires of everyone participation.

In my country too we have good problem in the years 1990. We too worked hard for many years and are at levels unimaginable before. Not at the level to give money or credits to the others but for our lives we are far, far more better than those years. the key word is: work.

But I have a question. Greece had only credits without work for to many years. Do they know that for having money and prosperity needed not credit for work? Or better: Needed hard work and don't needed credit. Do they able to fulfill this simple axiom?

I salute you, and hope that the prosperity is based on freedom, the rule of law, and private property, not redistribution, else you will have to do it again soon.
legendary
Activity: 1134
Merit: 1000
August 15, 2015, 03:34:07 AM
In my country we had total economic devastation during the 1990s, the government made radical decisions and everyone had to work hard to restore the economy, we used to owe 30k million US$, 20 years after we now lend money to poor countries. A miracle called Peru!

In short, just let it go as deep as Greece people need to realize that the solution requires of everyone participation.

In my country too we have good problem in the years 1990. We too worked hard for many years and are at levels unimaginable before. Not at the level to give money or credits to the others but for our lives we are far, far more better than those years. the key word is: work.

But I have a question. Greece had only credits without work for to many years. Do they know that for having money and prosperity needed not credit for work? Or better: Needed hard work and don't needed credit. Do they able to fulfill this simple axiom?
sr. member
Activity: 406
Merit: 250
August 14, 2015, 03:30:27 PM
The precedent that Greece abandoning the Euro sets would be devastating. It means that Germany or France could do so if they ever pleased, and the possibility of that happening would place the Euro in a lot of trouble.

Why wouldn't they go, they saw a country in the same euro group fall to its knees, despite making promises to return what it was. There is no way better for these countries, with all the drama that is happening, this is the best time for them. All other countries will leave, it will leave Eurozone worthless, and I think Greece knows that and they are making excellent advantage about that as well as the importance of their geographical location, which Eurozone values immensely.

Because the politicians are paid off, and they dont do what the people want but what their puppet-masters want.

Just look at the referendum, if that is not enough proof then i dont know what is. The people specifically said "no", and they couldnt even keep their promises for 2 fkin days!

Well just keep in mind theres not much they can do.

Just like everyone has influence and has money, people get bought out and they make the game in their favor.

Yes the entire system: political & financial is rotten to the core. These abominational policies like QE forever and endless regulations and high taxes are slowly dooming humanity and the creativity of the human soul.

If this persists, humans will become walking zombies in a few decades with empty souls and brains filled with propaganda.

So long as there's no famine .....
sr. member
Activity: 1148
Merit: 252
Undeads.com - P2E Runner Game
August 14, 2015, 02:48:45 PM
The precedent that Greece abandoning the Euro sets would be devastating. It means that Germany or France could do so if they ever pleased, and the possibility of that happening would place the Euro in a lot of trouble.

Why wouldn't they go, they saw a country in the same euro group fall to its knees, despite making promises to return what it was. There is no way better for these countries, with all the drama that is happening, this is the best time for them. All other countries will leave, it will leave Eurozone worthless, and I think Greece knows that and they are making excellent advantage about that as well as the importance of their geographical location, which Eurozone values immensely.

Because the politicians are paid off, and they dont do what the people want but what their puppet-masters want.

Just look at the referendum, if that is not enough proof then i dont know what is. The people specifically said "no", and they couldnt even keep their promises for 2 fkin days!

Well just keep in mind theres not much they can do.

Just like everyone has influence and has money, people get bought out and they make the game in their favor.

Yes the entire system: political & financial is rotten to the core. These abominational policies like QE forever and endless regulations and high taxes are slowly dooming humanity and the creativity of the human soul.

If this persists, humans will become walking zombies in a few decades with empty souls and brains filled with propaganda.
full member
Activity: 224
Merit: 100
August 12, 2015, 05:59:48 PM
The precedent that Greece abandoning the Euro sets would be devastating. It means that Germany or France could do so if they ever pleased, and the possibility of that happening would place the Euro in a lot of trouble.

Why wouldn't they go, they saw a country in the same euro group fall to its knees, despite making promises to return what it was. There is no way better for these countries, with all the drama that is happening, this is the best time for them. All other countries will leave, it will leave Eurozone worthless, and I think Greece knows that and they are making excellent advantage about that as well as the importance of their geographical location, which Eurozone values immensely.

Because the politicians are paid off, and they dont do what the people want but what their puppet-masters want.

Just look at the referendum, if that is not enough proof then i dont know what is. The people specifically said "no", and they couldnt even keep their promises for 2 fkin days!

Well just keep in mind theres not much they can do.

Just like everyone has influence and has money, people get bought out and they make the game in their favor.
full member
Activity: 210
Merit: 100
August 12, 2015, 05:42:24 PM
Greek Crisis - Breakdown Of Situation With Mike Maloney

https://www.youtube.com/watch?v=QowxTnF02DU

Its great that this guy explains what most of us know.

But, that guy also a gold selling person on his websites, and other book selling on gold. So the video is more of a indirect pitch to buy your trust as a "come buy my gold by me" since I showed you a educational video and now you trust me thing.
legendary
Activity: 1135
Merit: 1001
August 12, 2015, 05:15:30 PM
Seems like I was right when I was speculating both sides would do their best to keep Greece from not defaulting. I was kinda surprised to see how "revengeful" the deal Syriza ended up coming into agreement with the institutions for in the end. But even as the PM said, keeping greece from disorderly bankruptcy wasn't a matter of ideological matters. The move to reach the last agreement created a lot of tensions even between the current government and some laws are now passed with the help of the opposition. I don't know how long the current government will last, it would be unresponsible for other parties to call for election at such a time though. But most importantly, even with a government that many mistakenly keep calling "radical left" only because of the name we're not heading to a default.

They may see themselves as radical left too. Many of their members are very left leaning. But the government's actions certainly haven't been. Maybe because of the pressure they were put under by the troika. And maybe because of their failure to prepare for a exit if they couldn't reach an agreement. They ended doing little more than what they were told to do like the others before them. As for if the government will last, I'm not so sure. It may collapse or be replaced in early elections not because of the opposition parties calling for elections, but because of their own left platform. They're not happy with the government agreeing to the latest terms and basically forcing them to go along with it.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
August 12, 2015, 09:28:26 AM
The precedent that Greece abandoning the Euro sets would be devastating. It means that Germany or France could do so if they ever pleased, and the possibility of that happening would place the Euro in a lot of trouble.

Why wouldn't they go, they saw a country in the same euro group fall to its knees, despite making promises to return what it was. There is no way better for these countries, with all the drama that is happening, this is the best time for them. All other countries will leave, it will leave Eurozone worthless, and I think Greece knows that and they are making excellent advantage about that as well as the importance of their geographical location, which Eurozone values immensely.

Because the politicians are paid off, and they dont do what the people want but what their puppet-masters want.

Just look at the referendum, if that is not enough proof then i dont know what is. The people specifically said "no", and they couldnt even keep their promises for 2 fkin days!

I guess the referendum was an ace up Syriza's sleeve in the Greek government negotiations with the creditors. When people said "no", the Troika group saw the possibility of Greece leaving the Eurozone as real, not just as a blackmail from Tsipras and company...
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
August 12, 2015, 08:39:44 AM
Seems like I was right when I was speculating both sides would do their best to keep Greece from not defaulting. I was kinda surprised to see how "revengeful" the deal Syriza ended up coming into agreement with the institutions for in the end. But even as the PM said, keeping greece from disorderly bankruptcy wasn't a matter of ideological matters. The move to reach the last agreement created a lot of tensions even between the current government and some laws are now passed with the help of the opposition. I don't know how long the current government will last, it would be unresponsible for other parties to call for election at such a time though. But most importantly, even with a government that many mistakenly keep calling "radical left" only because of the name we're not heading to a default.
sr. member
Activity: 1148
Merit: 252
Undeads.com - P2E Runner Game
August 12, 2015, 08:15:34 AM
The precedent that Greece abandoning the Euro sets would be devastating. It means that Germany or France could do so if they ever pleased, and the possibility of that happening would place the Euro in a lot of trouble.

Why wouldn't they go, they saw a country in the same euro group fall to its knees, despite making promises to return what it was. There is no way better for these countries, with all the drama that is happening, this is the best time for them. All other countries will leave, it will leave Eurozone worthless, and I think Greece knows that and they are making excellent advantage about that as well as the importance of their geographical location, which Eurozone values immensely.

Because the politicians are paid off, and they dont do what the people want but what their puppet-masters want.

Just look at the referendum, if that is not enough proof then i dont know what is. The people specifically said "no", and they couldnt even keep their promises for 2 fkin days!
hero member
Activity: 994
Merit: 1000
August 08, 2015, 08:10:13 PM
The precedent that Greece abandoning the Euro sets would be devastating. It means that Germany or France could do so if they ever pleased, and the possibility of that happening would place the Euro in a lot of trouble.

Why wouldn't they go, they saw a country in the same euro group fall to its knees, despite making promises to return what it was. There is no way better for these countries, with all the drama that is happening, this is the best time for them. All other countries will leave, it will leave Eurozone worthless, and I think Greece knows that and they are making excellent advantage about that as well as the importance of their geographical location, which Eurozone values immensely.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
August 08, 2015, 10:36:40 AM
Greek Crisis - Breakdown Of Situation With Mike Maloney

https://www.youtube.com/watch?v=QowxTnF02DU
legendary
Activity: 1512
Merit: 1005
August 08, 2015, 05:44:06 AM
Here is backgound material for the invention of a tax based alternative money system, in the center of the Varoufakis' latest adventure (PDF):

"real-world economics review", the first article, page 2, with an update on page 11.

http://www.paecon.net/PAEReview/issue71/whole71.pdf

It turns out it is an electronic IOU system, unlimited issue, centrally (government) controlled. The economic logic it is based on, is the keynesian: More money unlocks trade and therefore gets the production going.

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