If Greece defaults - page 5. | Bitcointalksearch.org

dinofelis

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Quote from: MarketNeutral on July 17, 2015, 08:44:30 AM

The problem is, above all else, an accounting problem, a significant factor of which is Greece's demographically imbalanced and fiscally strained labor force. This deal or that deal may be reached between Greece and its creditors, and deals may be broken, but the problem will not be fully rectified until Greece's demographics improve, which may take many years.

This could be accelerated if there happened a great famine, which would exterminate half of the population. Then the economy could start up again. (like during the 13th century in Europe, when the Plague decimated the population, and as a result of that, economy boosted).

n2004al

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This behaviour is absolutely paradoxic. Generations of behavioral scientists will have a new test case for research activities

Quote from: GreenStox on July 17, 2015, 10:33:14 PM

Quote from: MarketNeutral on July 17, 2015, 10:27:40 PM

A grand manifestation of the Broken Window Fallacy unfolds before our eyes. Amazing.

I'm surprised some cheeky Greek didn't start printing New Drachmas for the hell of it.

Definitely, the government creates all social, economic and every other problem in our lives.

And then it poses as the messiah, saviour, the angel, that will repair /fix /resolve anything.

They destroyed the whole economy and now every sheep is looking towards them to save them.

That depends. There are governments that do their work diligently and with great results. I can remember here the USA government at the time of Clinton or the last governments of Germany. The results of those governments in the economy of the respectives countries and for their people were (are) very impressive.

botany

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Quote from: GreenStox on July 17, 2015, 10:33:14 PM

Quote from: MarketNeutral on July 17, 2015, 10:27:40 PM

A grand manifestation of the Broken Window Fallacy unfolds before our eyes. Amazing.

I'm surprised some cheeky Greek didn't start printing New Drachmas for the hell of it.

Definitely, the government creates all social, economic and every other problem in our lives.
And then it poses as the messiah, saviour, the angel, that will repair /fix /resolve anything.
They destroyed the whole economy and now every sheep is looking towards them to save them.

They are the only ones who can.
Parties get voted out of power and new ones come in.
They can always say Government X created the problems, and we are working hard to solve them. This spiel works with the people.

LiteCoinGuy

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Clarke and Dawe - The Greek Economy

https://www.youtube.com/watch?v=rK0De210TBQ

from 2011....

tyz

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This behaviour is absolutely paradoxic. Generations of behavioral scientists will have a new test case for research activities

Quote from: GreenStox on July 17, 2015, 10:33:14 PM

Quote from: MarketNeutral on July 17, 2015, 10:27:40 PM

A grand manifestation of the Broken Window Fallacy unfolds before our eyes. Amazing.

I'm surprised some cheeky Greek didn't start printing New Drachmas for the hell of it.

Definitely, the government creates all social, economic and every other problem in our lives.

And then it poses as the messiah, saviour, the angel, that will repair /fix /resolve anything.

They destroyed the whole economy and now every sheep is looking towards them to save them.

Amph

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Quote from: MarketNeutral on July 17, 2015, 10:27:40 PM

A grand manifestation of the Broken Window Fallacy unfolds before our eyes. Amazing.

I'm surprised some cheeky Greek didn't start printing New Drachmas for the hell of it.

they would print useless toilet papaer, even more useless than current fiat, because they would come with zero value

i don't know how it work with old fiat currency that are off course, but you can't simply start printing again with the same value as when you stopped

n2004al

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Quote from: Swordsoffreedom on July 17, 2015, 04:31:25 PM

Quote from: Amph on July 17, 2015, 01:53:43 PM

Quote from: GreenStox on July 17, 2015, 01:29:34 PM

Ok Greece saved temporarly. (we will come back here in 6 months when the liquididy assistance ends)

Next in line: Italy.

So make a thread: If Italy defaults

i don't think so, they are repeating that they are not in the same dangerous zone as greece, and their unemployment rate is going to be reduced from 12.6% to 11.9% withing 2015, this on top of an already previous reduction from 13% to 12.4%

Perhaps but they are considered relatively uncompetitive since joining the Eurozone and have felt the pain
They might be interested in leaving but we will see for now.

It is very, very improbable that Italy leave Eurozone. It is one the founder states of Eurozone and it is a very different country if we can compare it with Greece. The people too is very different. Italy has a very developed economy (industry and agriculture), have very good exports and has to many interior resources. There are difficulties but not so important to put in discussion the leaving of this country from EU. It is another problem if they do a referendum and the people choose to go out.

GreenStox

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Quote from: MarketNeutral on July 17, 2015, 10:27:40 PM

A grand manifestation of the Broken Window Fallacy unfolds before our eyes. Amazing.

I'm surprised some cheeky Greek didn't start printing New Drachmas for the hell of it.

Definitely, the government creates all social, economic and every other problem in our lives.

And then it poses as the messiah, saviour, the angel, that will repair /fix /resolve anything.

They destroyed the whole economy and now every sheep is looking towards them to save them.

MarketNeutral

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A grand manifestation of the Broken Window Fallacy unfolds before our eyes. Amazing.

I'm surprised some cheeky Greek didn't start printing New Drachmas for the hell of it.

GreenStox

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Quote from: Amph on July 17, 2015, 01:53:43 PM

Quote from: GreenStox on July 17, 2015, 01:29:34 PM

Ok Greece saved temporarly. (we will come back here in 6 months when the liquididy assistance ends)

Next in line: Italy.

So make a thread: If Italy defaults

i don't think so, they are repeating that they are not in the same dangerous zone as greece, and their unemployment rate is going to be reduced from 12.6% to 11.9% withing 2015, this on top of an already previous reduction from 13% to 12.4%

Well its impossible to create that many private companies in such short time so i guess the "jobs" created are government jobs.

Haha that will just add more to the misery, i mean if the debt is high, what you do? Hire more people to have an even higher spending budget Cheesy

Besides government jobs are the worst grade, they guaranteed the minimum wage or average wage but are the worst quality: buraocrats, "inspectors" i call them mobsters, and different specialists (with bought diplomas) + nepotism.

C`mon this turd is so stinking that i`m almost fainting, government jobs will just add more gasoline to this fire and italy will have the same problem as greece does pretty soon Roll Eyes

countryfree

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Well, I got it all wrong. When I checked the news before my last post, it seemed the Greek parliament would vote against the bailout. Still, I haven't changed my mind. The EU has already lost billions with Greece, and it's gonna lose many more. I hope BTC is going mainstream really soon. I'm still using € in my daily life and that currency is losing ground against the $ and the £.

Swordsoffreedom

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Quote from: Amph on July 17, 2015, 01:53:43 PM

Quote from: GreenStox on July 17, 2015, 01:29:34 PM

Ok Greece saved temporarly. (we will come back here in 6 months when the liquididy assistance ends)

Next in line: Italy.

So make a thread: If Italy defaults

i don't think so, they are repeating that they are not in the same dangerous zone as greece, and their unemployment rate is going to be reduced from 12.6% to 11.9% withing 2015, this on top of an already previous reduction from 13% to 12.4%

Perhaps but they are considered relatively uncompetitive since joining the Eurozone and have felt the pain
They might be interested in leaving but we will see for now.

Amph

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Quote from: GreenStox on July 17, 2015, 01:29:34 PM

Ok Greece saved temporarly. (we will come back here in 6 months when the liquididy assistance ends)

Next in line: Italy.

So make a thread: If Italy defaults

i don't think so, they are repeating that they are not in the same dangerous zone as greece, and their unemployment rate is going to be reduced from 12.6% to 11.9% withing 2015, this on top of an already previous reduction from 13% to 12.4%

GreenStox

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Ok Greece saved temporarly. (we will come back here in 6 months when the liquididy assistance ends)

Next in line: Italy.

So make a thread: If Italy defaults

qiwoman2

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Quote from: MarketNeutral on July 17, 2015, 08:44:30 AM

The problem is, above all else, an accounting problem, a significant factor of which is Greece's demographically imbalanced and fiscally strained labor force. This deal or that deal may be reached between Greece and its creditors, and deals may be broken, but the problem will not be fully rectified until Greece's demographics improve, which may take many years.

I totally agree with you 100% here and you hit one huge problem on the nail. Until Greeks are trained in areas where labor is most needed and Greeks also change their mentality away from all the brainwashing from their parents that they all have to go to Uni to become doctors and lawyers or singers and footballers and journalists lol and civil servants, then we might see the light of day. We need a full demographic and infrastructure overhaul.. Wink

We can't always blame the outside forces that be, we need to get our own sh*t together.. and fast..

MarketNeutral

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The problem is, above all else, an accounting problem, a significant factor of which is Greece's demographically imbalanced and fiscally strained labor force. This deal or that deal may be reached between Greece and its creditors, and deals may be broken, but the problem will not be fully rectified until Greece's demographics improve, which may take many years.

qiwoman2

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Quote from: AtheistAKASaneBrain on July 17, 2015, 08:20:58 AM

Quote from: n2004al on July 16, 2015, 03:41:36 AM

Quote from: qiwoman2 on July 16, 2015, 03:35:33 AM

Quote from: n2004al on July 16, 2015, 02:55:41 AM

Quote from: Amph on July 16, 2015, 02:49:40 AM

Quote from: countryfree on July 15, 2015, 05:21:30 PM

As I've been dreaming of a Grexit for many years, it seems I'm going to get what I want at least. The Greeks have a choice, follow the way shown by the other EU members, which will be hard but safe, or follow their own way to misery. Latest news are towards the second solution. The Greek banks will remain closed. Forever.

man there is already a verdict about the grexit, and it is that there is no grexit, they will help them with more than 80B of money, but in exchange they need to show a solid plan to retrieve their position as a EU country and pay their debts

They will never be able to pay their debts as they are. Remain to see if they will continue to be an EU member with continuous debts, if their debt will be restructured or will be a probably Greexit in the years to come.

Well maybe this time Greece will slowly develop different ways to change the habits and lifestyle of many Greeks living the American Dream Bubble.

It is the only way to go ahead. The Greeks one day will wake up from their "dream" and will face their reality. Not giving the faults to the others. Sooner is better.

The Greeks aren't in no dream, they are very aware they are facing a dead end scenario where they are stuck with infinite debt. The ones dreaming are the Troika if they think Greece will ever pay for the entire debt no matter how much austerity is applied.

Wll for once Mario Dragi yesterday spoke about debt relief, so he now is on the side of restructuring the debt as well, only the IMF were clever enough earlier to say that Greece needed debt restructuring otherwise Greece can't get itself out of the sh*t it is in and neither can the creditors get squat..So the Troika HAS to restructure the debt and also the Greek Govt has to go after all the corrupt officials who got the country in this mess from the previous govts and also get the 250 billion euros that was taken out by the big peeps.. Let them pay for their country for a change instead of always the small peeps. Cry

AtheistAKASaneBrain

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Quote from: n2004al on July 16, 2015, 03:41:36 AM

Quote from: qiwoman2 on July 16, 2015, 03:35:33 AM

Quote from: n2004al on July 16, 2015, 02:55:41 AM

Quote from: Amph on July 16, 2015, 02:49:40 AM

Quote from: countryfree on July 15, 2015, 05:21:30 PM

As I've been dreaming of a Grexit for many years, it seems I'm going to get what I want at least. The Greeks have a choice, follow the way shown by the other EU members, which will be hard but safe, or follow their own way to misery. Latest news are towards the second solution. The Greek banks will remain closed. Forever.

man there is already a verdict about the grexit, and it is that there is no grexit, they will help them with more than 80B of money, but in exchange they need to show a solid plan to retrieve their position as a EU country and pay their debts

They will never be able to pay their debts as they are. Remain to see if they will continue to be an EU member with continuous debts, if their debt will be restructured or will be a probably Greexit in the years to come.

Well maybe this time Greece will slowly develop different ways to change the habits and lifestyle of many Greeks living the American Dream Bubble.

It is the only way to go ahead. The Greeks one day will wake up from their "dream" and will face their reality. Not giving the faults to the others. Sooner is better.

The Greeks aren't in no dream, they are very aware they are facing a dead end scenario where they are stuck with infinite debt. The ones dreaming are the Troika if they think Greece will ever pay for the entire debt no matter how much austerity is applied.

greBit

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Quote from: Amph on July 17, 2015, 05:39:17 AM

Quote from: pigzone on July 16, 2015, 12:41:30 PM

They can only rely on bitcoin

they will not, many are only waiting to dump their coin when the price will be ready, what if they start buying bitcoin and then many early adopters or random big holders start to dump because of the bubble created by their buying and as a result a big crush after this?

too much risk for them, at 500 already there will be a huge dump, they can only lose money if they will buy bitcoin in mass

I don't think they can even afford to buy bitcoins, the whole debts started to take place because Greece was just unable to afford Euro, you think they can cope up with a currency which will multiply 55x times in price just as soon as Greece adopts it? I don't think there is a happy ending for Greece regardless of the presence of bitcoin or any other crypto currency.

Amph

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Quote from: pigzone on July 16, 2015, 12:41:30 PM

They can only rely on bitcoin

they will not, many are only waiting to dump their coin when the price will be ready, what if they start buying bitcoin and then many early adopters or random big holders start to dump because of the bubble created by their buying and as a result a big crush after this?

too much risk for them, at 500 already there will be a huge dump, they can only lose money if they will buy bitcoin in mass

Topic: If Greece defaults - page 5. (Read 45250 times)