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Thread: Economic Crisis in Greece - Financial Crisis

  1. #81
    Join Date
    Apr 2010
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    Rio Negro, Colombia
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    There is no confidence to invest in this country from investors!
    Second, greek people is used to receive a lot of benefits from the government for free
    Pisco - One of my websites
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  2. #82
    Quote Originally Posted by ovalencia View Post
    Second, greek people is used to receive a lot of benefits from the government for free
    That is the problem. Nothing is free. Someone has to pay for it. This is huge problem in the USA and has gotten much worse under president Obama. The USA may be the next Greece.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  3. #83
    The country of Greece is the welfare receiving population of the US. Same thing. While draining producers, the red tape, government and the banks get their cut. So they make money selling you the "issues of the poor". No, nothing is free. But Greece is not paying it. Greece is being used to make other countries pay.

    Ask yourself why Germany has the highest per capita debt of any country in history.
    Quote Originally Posted by ovalencia View Post
    There is no confidence to invest in this country from investors!
    Second, greek people is used to receive a lot of benefits from the government for free
    I am also a writer for Serpholic Media. You can find some of my articles here: Serpholic Media Blog

  4. #84
    I wonder how much longer the German people will put up with this.

    The problem is that so many countries have invested in Greece's debt that if they cut them loose and out of the EU, they will likely default on the payments, which could collapse the worldwide economy.

    What we have seen in Greece with riots over rational solutions such as austerity measures WILL happen in the USA and other countries. The problem with entitlements is that the more freebies people receive, the more they demand and the less they are willing to work for them.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  5. #85
    Join Date
    May 2009
    Location
    New York
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    3,772
    The problem for Germany and France is that much of the Greek debt is help by their banks. Thus, a Greek bailout is a bank bailout.

    Btw, Eric Holder will not investigate former Democratic Senator/NJ Gov and Obama supporter Jon Corzine. $1 billion in MF Global customer money is missing after a bad bet on Greek debt.

    Jon Corzine, the former chief of MF Global has no explanation on what happened to their money.

    No Criminal Case Is Likely in Loss at MF Global - NYTimes.com

  6. #86
    The answer to the missing MF Global money is pretty obvious. In fact, so obvious that I would be surprised if it were not true.

    Corzine has very clear ties to the mob.

    The mob has obvious ties to the Democratic party, especial through the unions.

    The estimated cost for Obama's campaign prior to the election was $1 billion, and based upon Obama's performance it did not look like there was going to be any way for the Dems to raise the money.

    There was therefore no chance that Jon Corzine would be convicted under the Obama administration.

    It is great when a well laid-out plan comes together so nicely.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  7. #87

  8. #88
    Join Date
    May 2009
    Location
    New York
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    3,772
    This really shows the situation in the US after 5 years of Obama running the economy.

    A NYC bus company is offering "a ride through a real New York City ‘GHETTO’"

    Politicians furious over Bronx bus company's 'Ghetto' tour

    Three times a week, Real Bronx Tours takes riders — mainly white Europeans and Australians — on a trip that includes stops at food-pantry lines and a “pickpocket” park.
    Politicians furious over Bronx bus company's 'Ghetto' tour - NYPOST.com

  9. Quote Originally Posted by bogart View Post
    This really shows the situation in the US after 5 years of Obama running the economy.

    A NYC bus company is offering "a ride through a real New York City ‘GHETTO’"

    Politicians furious over Bronx bus company's 'Ghetto' tour



    Politicians furious over Bronx bus company's 'Ghetto' tour - NYPOST.com
    Hahahahaha! It reminds me of a place in Irvine, California a long time ago. Lion Country Safari. For a small fee, you could drive through their enclosure and look at all the wild and dangerous animals. Maybe buy a souvinir on your way out.




  10. #90
    These guys from down under ( from where I am located ) are always god for a bit of wry commentary on current affairs Here's a recent take on the Greek economy


    Worth checking a few of their other offerings out too if you would like a few coffee break laughs.

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